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The Australian Government has delivered its first major milestone under the Better Connectivity for Rural and Regional Australia Plan, with $480 million provided to NBN Co to upgrade the NBN fixed wireless network. The Plan will deliver improved broadband and mobile coverage in regional Australi...
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Mr Phipps said the severity of the crisis prompted him to take action. A builder leading a social housing project in the Sunshine Coast hinterland has described the region's accommodation crisis as "scary" and says there needs to be more action on the ground. Greg Phipps has been building modul...
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Changes to the NSW property tax system will give first home buyers the choice between paying an annual property tax or stamp duty. The NSW Government has announced that first home buyers purchasing properties for up to $1.5 million will be able to choose to pay an annual property tax instead of ...
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Premier Dominic Perrottet announces funding for fast rail project. The New South Wales government has announced $500 million toward constructing a fast rail line between Newcastle, the Central Coast, and Sydney in the upcoming budget. The plans for fast rail lines have long been touted by the s...
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About two (2) million or 21% of Australian households hold an investment property. The number of housing investors have increased by 240,000 or 13% over the last five years. Of the two million investor households, some 68% hold just one investment property, whilst 20% hold two. When looking at...
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Complaints relating to granny flat rentals are up in NSW, as a tightening vacancy rate encourages property owners to leverage a secondary dwelling on the competitive market. The state’s tenants’ union reports that an increasing number of granny flat rentals have been hitting the mark...
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Duplexes are being built across the city as the next best housing type for priced-out buyers. Duplexes have exploded in popularity in Sydney thanks to priced-out house hunters and builders looking for better profit margins. Approvals for semi-detached dwellings, which include duplexes, terraces...
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Would-be homebuyers hoping that cooling property markets will mean an end to affordability pressures, allowing them to finally crack the market, might be disappointed, new data suggests. Australian Bureau of Statistics figures released on Tuesday revealed a continued slump in the number of new b...
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Speculative media reports linking the suicide of Metricon co-founder Mario Biasin to a potential company collapse have forced acting managing director Peter Langfelder to go public with a defence. The rumours, he said, are baseless, the company in “a strong position”, with all contra...
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Condev building sites left quiet after its collapse. A builder insider has revealed that outrageous price gouging is contributing to the instability in the industry as costs blow out by up to $100,000 per job. A building insider, who works for one of the largest construction companies in NSW, h...
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Over the March 2022 quarter, housing construction costs increased at their fastest pace in more than 40 years. It was also the largest annual increase since that time. Each quarter, the Australian Bureau of Statistics (ABS) publishes producer price indices, and within that release is data ...
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The ATO is stepping up surveillance of GST claims. A recent court case involving a DIY super fund subdivision highlights the importance of ticking all the boxes. A landmark legal decision has closed a popular loophole that enabled trustees of self-managed super funds involved in property develo...
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Funding to support eligible homeowners in Queensland severely impacted by the 2021–22 rainfall and flooding events. Queensland homeowners who experienced damage to their residential property as a result of flooding in 2021–22 can now register their interest for the $741 million Resil...
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Lagging unit prices have dragged down overall prices in some suburbs. Around one in six homes sold are changing hands at a loss in some neighborhoods despite the pandemic property boom, new figures show. In the Perth city council area, 47.6 per cent of sales made a loss in the December qu...
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Ruby McLellan is just six but she’s already broken into the property market and has made $70,000. Cam McLellan, 47, from Melbourne, shares how he encouraged all his kids to start investing in property. At 20 years old, I’d just bought my first property. This was no mean feat conside...
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Master Builders NSW can report that building material costs are now increasing at their fastest rate since 1980. Right across Australia, the cost of materials used in house building has increased by +4.2 per cent during the March 2022 quarter and are now +15.4 per cent higher than a year ago. Th...
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On Tuesday the Reserve Bank increased interest rates for the first time in 11 years and rates are expected to increase sharply over the rest of 2022. We have already seen a slowdown in home price growth sparked by buyer expectations of rate rises. But what will higher rates mean for the housing ...
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Email communications between home buyer and settlement agent hacked Request for payment with false bank account details sent to buyer Loss brings 2022 total for payment redirection scams to more than a million dollars A WA woman has reported to Consumer Protection losing about $732,000 aft...
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The RBA has increased interest rates by 25 basis points to 0.35 per cent. The Reserve Bank of Australia (RBA) has increased the nation's official cash rate for the first time in more than 11 years, and three of the nation's big four banks have already passed the rate rise onto customers. Today ...
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People with disabilities across the Illawarra are having their support funding cut and are being snowed under by growing documentation requirements leaving many without critical services, according to speakers at a rally in Wollongong. Scores of people gathered in a rainy Arts Precinct on Thursd...
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Lockdowns may be a thing of the past, but there are still many families considering a shift away from metropolitan life and into regional towns. The ease of working from home, the affordability of houses and the relaxed country lifestyle is the trifecta beckoning so many burnt-out, time-poor cit...
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Property millionaire Eddie Dilleen has 42 homes. A Sydney-based real estate investor who owns 42 homes and has set his sights on acquiring 1000 properties has revealed that he doubts he and other investors have had a marked impact in driving up home prices. Eddie Dilleen has been one of t...
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t’s the first-ever fine to be doled out under Australia’s foreign investments rules. Vijay Balasubramaniyan, a residential real estate buyer, has been penalised $250,000 after he was found to have purchased multiple properties in outer Melbourne without being authorised to do so by t...
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Port Kembla near Wollongong in New South Wales is one of the areas being mooted for a nuclear submarine base, according to reports. Most regional communities saw property prices rise sharply during the COVID pandemic, as city slickers fled to greener pastures – and some could be set to see...
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Perth builders are going broke, and The West Australian’s chief reporter Ben Harvey says it’s the city’s thousands of ‘ghost slabs’ that are responsible. There can be no doubt the Perth housing market is experiencing a bizarre set of market conditions. House prices...
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A foreign investor who bought up real estate in Melbourne without approval has been ordered to pay $250,000, in a Federal Court first. A man has become the first person fined by Australia's Federal Court for breaching the nation's foreign investor laws. The court ordered Vijay Balasubramaniyan ...
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Looming interest rate hikes and the soaring cost of living are tipped to take some pressure off the housing market. A looming hike in Australia's official cash rate will result in a crash of the property market goes the theory – but one of the nation's top economists says that's unlikely t...
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The NSW Government has today announced that the University of Newcastle will be its university partner to deliver a new university campus in Mann Street, Gosford. The University of Newcastle’s Vice-Chancellor Professor Alex Zelinsky joined Minister for Infrastructure, Cities and Active Tra...
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Property Council of Australia president David Harrison: ‘It’s bloody simple — we’ve got to convince the state governments to rezone land. It’s the state governments, driven by a little bit of prodding from the federal government, which will help us get the supply we ...
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Brisbane’s Queens Wharf Development has a high number of Chinese buyers who committed to purchases when borders were shut. Developers are banking on a new wave of interest from international buyers over the next few years as borders reopen. The last two years of strong growth in the new h...
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Probuild signage on a construction site adjacent to Caulfield Racecourse in Melbourne's southeast. A building insider has revealed the shocking state of the industry with half of construction companies in trouble and a “terrible” impact in store for customers. A stark warning ...
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The federal government will invest in faster rail and road projects in NSW and Queensland in this year's budget. The federal budget will contain $17.9 billion for new and existing road and rail infrastructure projects, boosting the 10-year investment pipeline to more than $120 billion. The expe...
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A housing expert says modular construction has a number of advantages for social housing including flexibility and faster delivery. Modular homes that are constructed off-site and transported to location are being built by the state government to help meet the demand for more social housing in W...
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Regional Development Australia Central Coast (RDACC) has applauded the $1B allocation for a dedicated passenger rail line to be built between Sydney and Newcastle in last night’s Federal Budget. The official budget allocation followed announcements earlier in the week that this catalyst in...
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Australians love to talk about real estate, but there’s a lot more to calculating the true value of one’s residential or commercial property than meets the eye. There are two ways to understand the value of your home or commercial property: a property valuation and a real...
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More construction and health jobs will be created on the Coast after a development application for a new private hospital in Maroochydore was approved. The Maroochydore Private Hospital will be an eight-storey medical and teaching facility with high-end amenities and featuring a rooftop relaxati...
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Northbound congestion on Pacific Highway through Wyong. Thirteen years of campaigning and the green light has finally been given to the upgrade of the Pacific Highway from Tuggerah to Wyong. The $420 million upgrade – $336M Federal funds and $84M State funds – will deliver two lanes...
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Product caters for borrowers with clear credit history A new mortgage product is capitalising on growth in the near prime lending category. Launched by non-bank lender Pepper Money on Monday, Near Prime Clear caters for borrowers with a generally clean credit history and is in response to deman...
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Prime Minister Scott Morrison, Queensland Premier Annastacia Palaszczuk and Brisbane lord mayor Adrian Schrinner signing the SEQ City Deal at the Gabba. Details of south-east Queensland’s long-awaited City Deal between all three levels of government have finally been agreed, with the...
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AGL Energy has gained NSW state planning approval for its proposed Liddell big battery, which it says will be sized at up to 500MW and up to four hours of storage, or a total of two gigawatt hours. The $763 million battery will be located adjacent to the former coal yards area, right next to the...
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Hutchinson Builders chairman Scott Hutchinson: “Margins are near nothing.” The collapse of Queensland mid-tier builder Condev so soon after construction giant Probuild was placed into administration has increased pressure on other companies to hold up the subcontracting sector in an ...
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Condev is reported to have been seeking $25 million from developers to keep the company afloat. Another major Australian construction firm has collapsed with staff told not to come into work as liquidators are appointed. Australian construction firm, Condev will go into liquidation after failin...
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The outlook for housing supply is gloomy, showing a slump in dwelling approvals. Despite signs that the housing boom is over and recent forecasts of a looming correction in prices, new data indicates fresh constraints on the supply of dwellings to meet future demand, which could push up prices o...
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Chris Munro from Munro Designed Homes on one if his building sites in Coorparoo. Award-winning builder Chris Munro has called for patience and understanding in the wake of the three-day rain bomb that has displaced thousands of Brisbane residents and is set to throw project delivery times ...
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Naga Kilaru and Mohit Tyagi say they feel "cheated" by their suburb's lack of infrastructure. When Mohit Tyagi and his wife bought land in Tarneit in 2016 they were told a train station would be built a few hundred metres from their new home. Six years later, not only is construction yet to beg...
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The Liddell coal-fired power station is set to close in 2023. A renewable solar-hydro energy plant to be built on the Liddell coal-fired power station site in the NSW Upper Hunter is being hailed as an investment in economic opportunity and livability in the region. AGL, which operates the soon...
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New lending to investors continued to surge in January, fresh data from the Australian Bureau of Statistics shows, with an increase of 6.1% month-on-month, to be 67.8% higher than a year ago. This pick-up in investor activity is starting to reverse the trend of landlords selling out of the marke...
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Australia’s largest home builder, Metricon, has been forced to renegotiate contracts with customers as the cracks widen in the nation’s construction crisis. Metricon chief executive Mario Biasin confirmed that the builder was in the process of renegotiating contracts “in a smal...
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The mood among buyers is changing. Home seekers are becoming increasingly hesitant to jump into new purchases because they fear a coming interest rate rise and think prices may drop later this year. That’s according to the founder of mortgage group Two Red Shoes, Rebecca Jarrett Dal...
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There has been a decline in apartment developments in Sydney. Sydney is in the grip of a historic drop in new housing supply, driven by a collapse in apartment developments, which could exacerbate the city’s shortage and push up prices just as population growth is poised to increase post-p...
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Probuild, one of Australia's largest construction companies, has gone into voluntary administration. Probuild and its administrators hope to save the building firm after its parent company pulled the pin on its financial support, sending one of Australia's largest construction companies into adm...
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Michael Buckingham (left) and Matt Pyatt say their dream of owning their own home has become a nightmare. It started as a dream but aspiring home owners Matt Pyatt and Michael Buckingham say it has become a nightmare. The couple bought a land package as part of a new development in Sydney...
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HOSPITAL upgrades and major road improvements have dominated the 2020-21 NSW Budget locally today, with Northern Tablelands MP Adam Marshall ecstatic about the level of funding provided to progress major projects and create jobs in the region. The record capital spend of more than $315.7 million...
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Deanside family Anish and Nisha Juneja with children Vivaan, 8, and Jaiyana, 18 months. It’s been two years since Mr Juneja saw his parents. Victoria’s most affordable property markets are expected to face surging demand after Australia’s international travel ban ends next week...
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It now takes an average first home buyer around 12 years to save a deposit for an average priced home. They say desperate times call for desperate measures, and perhaps that's the situation Australian home ownership finds itself in. Once a dream, fulfilled by most, it's become a nightmare, unat...
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Properties in Toowoomba - such as this stunning Mary Street Queenslander - are tipped to boom in 2022. This one is up for sale with a price guide of over $670,000. A generational shift towards remote working and the boom in near-city house prices has forced property buyers to expand their horizo...
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New England will become a NSW powerhouse, with the NSW Government today announcing a $79 million plan to develop a second, massive 8,000 MW Renewable Energy Zone (REZ) in the region. Deputy Premier John Barilaro said the Government was forging ahead with its plans to deliver new energy infrastru...
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The NSW Government has been "overwhelmed" by projects wanting to participate in the Hunter-Central Coast Renewable Energy Zone. The NSW Government has again been inundated by new wind, solar and storage projects wanting to participate in the next Renewable Energy Zone, receiving more than $100 b...
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NSW has formally declared the second of at least five planned renewable energy zones, as it continues to roll out its decade-long strategy of replacing most, if not all, of its legacy coal fired power stations. The state government’s infrastructure roadmap has identified at least five REZs...
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Matt Kean says investors have shown huge interest in the Hunter/Central renewable energy zone. More than $100 billion of potential investment has been put forward in the registration of interest for the massive Hunter-Central Coast Renewable Energy Zone. NSW Energy Minister Matt Kean says the r...
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In the Illawarra region, south of Sydney, house prices jumped 31.5 per cent in the 12 months to January, with units up 23 per cent during that period. Property prices in Australia's major regional areas are still surging, raising questions about how long the cycle can last. It's seen the diverg...
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A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. KEY POINTS Homebuilder confidence fell for the second straight month. Residential construction costs are up 21% year over year. “These delivery dela...
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The Kurri Kurri smelter. PLANS to convert a former aluminum smelter in the Hunter region into a gas-fired power plant have moved a step closer after plans to remediate the site were approved. The state government announced plans to convert the former Kurri Kurri aluminum smelter into "a new com...
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Meg just got pre-approved for her first home loan. Here's everything she's learned so far. My partner and I just got pre-approved for our first home loan, and I feel like I could spew any second. That's partly due to my excitement: it's a privilege to be in this position and the thought of hang...
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CoreLogic’s Cordell Construction Cost Index (CCCI) for Q4 2021 showed that despite an easing in the quarterly rate of growth, national construction costs increased 7.3% over the 2021 calendar year, the highest annual growth rate since March 2005. Following a 3.8% surge in national re...
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So much goes into a house: And so much of it is rising in price. Costs in home building will rise this year at above-average rates as timber and metal prices keep increasing, posing the risk of delays to projects and adding to inflationary pressures in the wider economy, CoreLogic says. T...
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The report estimates land values around 12 regional high-speed rail stations, such as in Newcastle, would potentially increase by up to $140 billion. Land values and property prices around high-speed rail stations could soar by as much as $140 billion, according to new research. UNSW rese...
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Renders of the planned Cudgen Connection precinct on the NSW Tweed Coast. Fund management group Centuria Capital has expanded its presence in the fast-growing healthcare and education real estate sector, inking a $250 million partnership with Digital Infratech to develop the Cudgen Connection pr...
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DEMAND STILL HIGH: Cameron Park's 54 Araminta Chase sold for a suburb record $1.31 million at auction last weekend. Newcastle and Lake Macquarie's median house price is on track to reach $900,000 by next month. New data from property analysts CoreLogic revealed another rise of 1.8 per cent in J...
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The seven-month-old joey, Dobby, with his mum, Shontana. Opposition leader Anthony Albanese says if the federal government actually wanted to protect koalas it would take greater action on climate change. The federal government says it will spend another $50 million over four years aimed at hel...
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Brisbane house prices have hit a record median high of $792,065. Brisbane house prices have hit a record median high of $792,065, following one of the biggest quarterly price hikes in two decades. Figures from Domain’s latest House Price Report, released today, reveal house prices in the ...
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Newcastle’s John Hunter Health Campus is in line for a $780-million redevelopment including a new acute services building to help provide healthcare for the region’s growing population. The State Significant Development has won approval from the New South Wales government to redevelo...
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Owning a house is becoming more of a distant dream for many young Australians. The dream of home ownership has slipped further out of reach for young Australians following a year of sharp price growth across the nation. A Finder survey of 1,000 participants during the December quarter found 39 ...
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Crowds at the auction for a house on Damon Ave in Epping. Nervous homeowners have been crowding Sydney’s auction market to get a glimpse of how the market is performing, with more than 250 people seen at one auction in Epping. The Epping house sold for $4.5m on the weekend – a recor...
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Total land values have soared in the Hunter and Central Coast region. In the year she has spent trying to secure a family home in Newcastle, Sally has missed out on multiple auctions and offers. "Homes are going $300,000 to $400,000 over guide," she said. "It's a really tough time to enter the...
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Trying to deal with a building company liquidation is never easy. The fallout hits other people and businesses, with effects ranging from mere inconvenience, to business interruption and potentially even further shutdowns. Particularly effected are subcontractors, suppliers and the directors of ...
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One house that was only listed five days ago shows how desperate buyers are to get into the property market after skyrocketing prices. An insane photo shows how out of control the Sydney property market has become with a long line of people desperate to see a three-bedroom house that doesn&rsquo...
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About 100 people missed out on viewing the property. Police have shut down a house inspection after hundreds of renters turned up, clogging the street, with a video capturing the “mayhem”. Hundreds of renters have turned up to a house inspection in Sydney’s southwest cau...
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Rent prices have reached new highs, and experts warn the situation will get worse. It has never cost more to rent in Australia, with the average house rental price hitting a record high. Domain’s quarterly Rent Report found that house and unit rents had risen across all capital cities - r...
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Soaring home prices across Melbourne and Victoria have led to record home loans. Victorians are taking on record levels of debt to own a home, with the state’s average loan closing on $620,000. November figures released by the Australian Bureau of Statistics this week show a 9.7 per cent ...
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Rental unit demand dropped over the last year. Tenants prioritizing space over accessibility during the Covid pandemic has driven up rents for houses, while unit rents have dropped, but this is set to change, a new report shows. Tenants prioritising space over accessibility during the Covid pan...
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Finding a vacant rental property in NSW has never been more difficult. Finding a vacant rental property in parts of NSW has never been harder than it is in 2022, and some suburbs are only offering three or less accommodation choices for tenants. New research commissioned by Well Home Loans reve...
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Liberal MP Jason Falinski, left: “One of the most destructive things going on at the moment is how much uncertainty there is from local government administration including charges.” Planning restrictions and developer levies imposed by state and local governments that push up t...
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HOT PROPERTY: House prices surged in the Hunter in 2021. Newcastle and Lake Macquarie's median house price has shot to $860,000 following one of the region's biggest years of price growth. The Hunter Region was one of the nation's best performers in 2021, led by a 32.5 per cent annual rise for ...
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The Sydney real estate market is slowing After an incredible year for property prices in Sydney, the latest figures show signs that the market could be slowing down. Data from CoreLogic indicates there was a softening in the market in December as growth in Sydney was just 0.3 per cent. In 2021...
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The final figures from the federal government’s HomeBuilder program are in, revealing that 137,621 Australians applied for subsidies to construct a home through the program. Based on these numbers, Master Builders Australia has estimated the program delivered an economic boost of $120.62 b...
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Brisbane had the highest annual housing value growth of all mainland capitals in 2021 New data has found that Brisbane blitzed other capitals ending the year with the highest housing value growth on the mainland, with no sign of a slowdown in 2022 for the entire South East Queensland region. Co...
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Australia’s red hot housing market is showing signs of cooling as prices in Melbourne fall for the first time in 14 months. House price growth in Sydney and Melbourne have slowed for the first time in 14 months. The top end of the market led the downswing through December across t...
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A number of major builders have gone bust in recent months despite a home construction boom. Alongside a house price boom, Australia is in the midst of a homebuilding boom, with the Housing Industry of Australia expecting a near-record number of new homes will be built over the next 12 mon...
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House prices are anticipated to fall as interest rates rise. Predictions are showing that the nation’s booming property market may not last – but the impact it will have in the long term is still up in the air. In what could be viewed as a warning sign for Australia, New Zealand is ...
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Fencing and signage at a Riverstone Crossing home on the Gold Coast evacuated after a landslip. It was a street of dream homes – now they’re being demolished leaving homeowners angry, out of pocket and pointing fingers. Residents who spent all they had on property in a new build sub...
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Building supplies are costing more, and they are taking longer to turn up. The cost of building a home in Victoria is rising faster than in any other state because supply prices have spiked, forcing a growing number of business failures that have left hundreds of millions of dollars worth of pro...
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Queensland Treasurer Cameron Dick claims the tax closes a loophole. The Queensland government has announced a property tax hike targeting investors from interstate, in a move that’s angered the real estate sector. Treasurer Cameron Dick delivered the state’s mid-year budget up...
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Our dreams of a water park on our doorstep are one step closer to becoming a reality, with construction set to begin early next year on part of Lake Macquarie’s water park! Construction is set to begin on the over 55s lifestyle village aspect of the Cedar Mill precinct by April next year, ...
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Sunshine Beach, once a sleepy holiday enclave reached by a dirt road, is now just $50,000 shy of Byron Bay’s median sales price. The Queensland suburbs where homeowners have hit the real estate lottery have been revealed, and one is poised to knock celebrity haven, Byron Bay, off its prope...
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Mirvac has acquired an 80-hectare parcel of zoned land from property funds and development firm Roberts Jones in Sydney’s south-west. The future master-planned community has the potential to deliver approximately 950 land lots, less than 10kms away from Mirvac’s recently completed Cr...
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Richmond Valley was highlighted as one of the most unaffordable areas Housing affordability has deteriorated so much in pockets of regional Australia, that some locals would need to devote almost three quarters of their income to mortgage repayments just to get onto the property ladder. Nationa...
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A number of major builders have gone bust in recent months despite a home construction boom. Alongside a house price boom, Australia is in the midst of a homebuilding boom, with the Housing Industry of Australia expecting a near-record number of new homes will be built over the next 12 months. ...
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An artist's impression of the new medical and teaching facility which includes a surgical hospital. Design plans have been lodged for a $100 million eight-storey “world-class” hospital that will include a high-end restaurant in Maroochydore’s new city center. The private facil...
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The property at 13 Aberglasslyn Lane became Aberglassyn's second $2 million sale in August. Inset is local brewer Stuart Duff. An Aberglasslyn resident of 20 years, Stuart Duff knows the burgeoning area better than most. Ten years ago the suburb was home to mainly acreage estates, paddocks and ...
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For the better part of two years, the world has been in the grips of a once-in-a-generation crisis. But innovation is born of crises. Covid-19 has left very few parts of daily life untouched, especially when it comes to accelerated structural shifts across the workplace. A shift that played out...
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Price growth has already slowed as talks of interest rate hikes swirl, The property market's high tide could slowly be turning, agents say, as more homes hit the market, stricter stress tests on borrowing kick in, the RBA signals rate hikes earlier than expected and the end of lockdowns mean pot...
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CoreLogic Cheap access to credit, a newfound popularity of working from home and an affordability advantage has contributed to Australia's 25 largest non-capital city regions achieving a record increase in house values in the past year. CoreLogic's latest Regional Market Update, released today,...
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The Linder family. A Western Sydney family have played the housing market using a mix of clever banking tricks and market forces to acquire more than 50 properties between them. Each of the members of the Linder family aged over 18 own property, with mum Kimberly and dad Jason owning 42 homes a...
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Home buyers moved to Brisbane to improve their lifestyle the survey showed. Home vendors are starting to offer discounts to secure a sale, new data shows, especially in Sydney and Melbourne where signs point to the super hot market beginning to cool. But as veterans of the longest lockdowns fle...
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Regional property markets are booming... but it's both good and bad news for locals. The COVID pandemic has had a significant impact on housing markets in regional Australia. It's been well documented that the ability to work remotely has given people more choice in how they live, and many have...
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The state government will help build a district from scratch north of Brisbane. Vacant land north of Brisbane will be developed into a new district about the size of Bundaberg as part of a planning experiment by the state government. Caboolture West in Moreton Bay has been picked as the pilot s...
Read MoreThe windfall gains tax is expected to create an "unjust" divide between Melbourne's new estates and those in regional areas. Victoria's development lobby has warned of housing shortages and rising land costs, especially in regional areas, after the government’s windfall gains tax passed th...
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Houses with dark roofs in Minto, south-western Sydney. Builders in NSW will stop constructing homes with dark-coloured roofs and will raise energy efficiency standards for houses, under plans outlined by Planning and Public Spaces Minister Rob Stokes on Wednesday. In an address that moved the f...
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The Burgess Rawson auction in Melbourne was almost a sell-out as over $100 million of real estate changed hands. Private investor appetite for essential services real estate, especially childcare centres, medical properties, pharmacies and fast food outlets, lifted total sales across three days ...
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A new planning scheme amendment has given the long-awaited green light to the development of Caboolture West's first new urban community. Mayor Peter Flannery says Moreton Bay Regional Council's adoption of the amendment this week after approval by the State Government has been a decade-long pro...
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Brent Lewin, Bloomberg via Getty Images ANZ has declared housing price growth will slow to 6% in 2022 and dip 4% in 2023. The bank suggests rising interest rates, prudential regulation, and sheer unaffordability will depress prices. Its interest rate projection cuts against the Reserve Bank ...
Read MoreAndrew Forrest and the Queensland premier discuss renewable hydrogen. Green energy company Fortescue Future Industries has revealed it has already received planning approval for what will be the world's biggest factory for green hydrogen electrolysers, despite announcing plans for the Gladstone ...
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One of Queensland's busiest residential builders, Privium Group, has been placed in voluntary administration with debts of more than $28 million. Privium, named 11th biggest builder in Queensland by the HIA this year after completing more than 600 projects worth $180 million, is nearing collapse...
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Sid Lal has looked at hundreds of properties but says it's hard to find an affordable home in Sydney's hot market. (Daniel Irvine.) When Australia opens its borders to migrants, already skyrocketing house prices could rise further. While immigration is not the only factor influencing house pric...
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Monika Tu is the founder and director of Black Diamondz Property Concierge Wealthy Chinese homebuyers will flock to Australia next year despite the current trade issues with China, but the future beyond 2022 looks less optimistic, according to a prominent Sydney real estate entrepreneur. Monika...
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Lawyer Rahul Bedi, front, with clients Sheridan Burnett, Olga Zautner, Wasantha Davidlage, Reece Peart, Mohammad Choudhury and Song Le, who have all had their contracts cancelled by 3 Property Group. A bill to amend legislation around off-the-plan property contracts will be presented to ACT parl...
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More homes have been listed as lockdowns end. Fear of missing out among potential property buyers is starting to ease as more homes are listed for sale this spring. But buyers hoping to pick up a bargain might have another think coming, with bullish prices still being achieved for the most sough...
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The couple were quoted $2.4 million to tear down the $630,000 home. A couple's dream to build a home for their blended family on a waterfront block in southern Tasmania has been shattered, with experts advising the only way to fix the building's defects is to demolish it. Key points: Kev Hal...
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South Maroubra has been highlighted as an area where buyers are at risk of overpaying. Buyers in Sydney's most hotly-contested suburbs are at extreme risk of overpaying for property as fierce competition drives price growth to record highs. Pete Wargent, co-founder of property buyer's agents Bu...
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The Wangi Power Station is set to fetch about $30 million. An iconic power station near Newcastle abandoned for more than 30 years is on the market expectations of a big sale price. Situated on a mostly undeveloped 22.3ha parcel, Wangi Power Station is being offered to developers via an express...
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Auctioneer Josh Stirling accepts bids on a property in Mozart St, St Kilda on Sunday November 2021. The price of a typical house in Melbourne has multiplied by 22 in the past 40 years, almost three times faster than wages, with advocates warning that women were bearing the brunt of the affordabi...
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The Reserve Bank of Australia had a Cup Day surprise in store for the country, announcing it was abandoning its policy of “yield curve control”, meaning it was no longer going to defend any particular interest rate for borrowing over any particular duration. Until today it had ...
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Buyers are still out in force for property. Sydney's housing boom is easing with property prices rising at their slowest rate since January as affordability concerns grow and lending tightens. CoreLogic's October home values index revealed dwelling values jumped 1.5 per cent over the month. Whi...
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BIGGER, BETTER: The Parkes Shire Council has approved a DA for the HARS Museum at the Aiport to be significantly expanded. Parkes Council has approved the subdivision of land and subsequent erection of an Information and Education Facility (Aviation Museum) from the Historical Aircraft Restorati...
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Local businesses will benefit from a range of supply chain opportunities following an announcement that Boeing Australia will establish an uncrewed-aircraft production facility in the western corridor. Boeing will construct the facility at the Wellcamp Aerospace and Defence Precinct to produce a...
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Publicans Arthur and Stuart Laundy have purchased the Bayview Hotel on the Brisbane Waters harbour front in Woy Woy on the NSW Central Coast Veteran pub owner Arthur and his son Stuart Laundy have swooped on for the historic Bayview Hotel at Woy Woy on the NSW Central Coast paying a record...
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As the demand for childcare grows, so too does the demand for childcare real estate, with government rebates and social and demographic changes underpinning the success of these assets. While sales volumes have remained subdued across most commercial property sectors since the start of the pande...
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Moreton Bay Regional Council yesterday adopted a new planning scheme amendment giving the long-awaited green light to the development of Caboolture West's first new urban community. Mayor Peter Flannery said this major milestone has been a decade-long process with the planning foundations now in...
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Sydney wasn't far off from the red zone. A new global report has singled out an Australian city as being "under the spell of a dangerous narrative" with property prices at risk of a sudden collapse. A new global report has singled out Sydney's property market as being "overvalued" and on the br...
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A new ME survey has found that 61 per cent of home buyers later uncovered issues they'd overlooked when purchasing their home. A new survey has warned half of Aussie house hunters give inspections the same attention as bingewatching Netflix, citing FOMO among reasons 61 per cent later uncover is...
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Roger Wardy said the sellers had thought they overpaid. A Sydney couple has lucked into the real estate deal of a lifetime thanks to the insane rate at which property prices are climbing. The couple recently resold a Kensington house they bought only nine weeks ago for $600,000 more than the pr...
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Despite the RBA cash rate sitting at a record low 0.1 per cent, in the past year the 'Time to buy a dwelling index' has plummeted. For more than half a century the 'Great Australian Dream' has been owning a home on a quarter acre block and pretty much the entire list of features included in the ...
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Bronte is one of several Sydney suburbs where the gap between house and unit rents has stretched to more than $1200. Sydney tenants are facing a record price gap between house and unit rents, with free-standing homes in dozens of suburbs now leasing for double the cost of an apartment. Renters ...
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Phone pic of agent to younger high end Queensland buyers and sellers Michael Bacon with fashionista Thessy Batsinilas and her husband Georgio. Young, rich Queenslanders from music celebs, to tech whizzes, sports stars and 'influencers' are working their mortgages almost as hard as their social m...
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Economists say house prices will surge by 22% in 2021, but predict prices will rise by only 8% next year and then decline by 8% in 2023. Westpac upgrades 2021 forecast, with the biggest gains expected in Sydney, up 27%, spurred on by low interest rates during the pandemic House prices will have...
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The NSW state government has drawn up a map of its proposed New England renewable energy zone that will be host to a massive 8GW of wind, solar and storage projects. The New England REZ is one of at least five drawn up by NSW as part of its plans to replace the bulk, if not all, of its coal fire...
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The first Skyportz is planned for the Australian Advanced Manufacturing Centre of Excellence at Petrie, Moreton Bay, in Brisbane's north.. A humble Queensland suburb is set to go down in history as Australia's first sky taxi base, in a futuristic move designed to slash commute times ahead of the...
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Real estate agent Chelsea Stevens says she's having 20 to 30 groups through an open home. Chelsea Stevens has 100 buyers ready to find their next home, but there are no houses for them to buy. Key points: Real estate agent Chelsea Stevens says properties are selling in less than a day,...
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Build-to-rent developments will be exempted from absentee owner surcharges for up to 30 years under changes unveiled by the Victorian government in an effort to bolster the burgeoning sector. It also announced that build-to-rent projects completed and operational before 2032 would be eligible fo...
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Sam Mooy, Getty Images Federal Treasurer Josh Frydenberg has confirmed lending restrictions are on their way. Speaking to the AFR, Frydenberg indicated "targeted and timely adjustments" would be made, as credit growth and property prices outstrip wages. Specifically, Australia's financial re...
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A large panorama of the city skyline of Melbourne, Victoria, Australia. View from north looking south. A new fund launched by the Victorian government will chip in 25% of the deposit for residents of the state. The $500 million fund is set to help up to 3,000 residents buy a home. It follows...
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Orders were first issued to the developer of the twin Parramatta towers in June after serious defects were found. Buyers of apartments in two 22-storey Parramatta towers found to have serious defects say they are trapped in a nightmare, with some no longer able to get loans from banks to settle ...
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No. 19 Currawong St, Blue Bay, sold for $2.508 million at auction. A Blue Bay knockdown has sold for nearly $1 million above the suburb's median house price as the Central Coast market shows no sign of slowing. The two-storey brick house on a prized 695sqm Currawong St block sold at auction for...
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You could build on one of these blocks. It's no secret that getting into the property market is incredibly hard with skyrocketing prices, but one region is offering hope for young Aussies. A Queensland town is helping Aussies with their home ownership dreams by giving away free blocks of lands ...
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Fortescue Future Industries founder Dr Andrew Forrest and Queensland Premier Annastacia Palaszczuk announcing the project in Gladstone. Fortescue Future Industries (FFI) will build the world's largest green energy hydrogen manufacturing facility in Central Queensland, mining billionaire and comp...
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Kim Morris has been forced to spend a large part of the last four years renting due to repeated delays to the Bellevue Hill apartment complex. More than four years after paying a deposit, Sydney woman Kim Morris has no idea when she can move into an apartment she bought off the plan. "The worst...
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Chloe Matters in her new kitchen. Interior designer Chloe Matters has doubled her money on a Bondi semi bought for $2.7m just two years ago - even allowing for her lavish renovation. Her home at 30 Denham St has sold for a mind-blowing $6,225,000 - $3,525,000 more than she bought it for on Octo...
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With house prices rising and the cost of debt at an all time low, investors are now taking a closer look at commercial property due to the higher returns on offer. The number of people and businesses looking to buy commercial property on realcommercial.com.au has surged over the past year, far o...
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The residenital bulding sector fell 20 per cent following the introduction of macroproudential measures in 2017. Residential building construction could be one of the major losers from new bank lending restrictions flagged by banking regulators to curb highly leveraged debt-to-income lending. A...
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News the banking regulator APRA wants banks to use a higher interest rate buffer when assessing home loan applications has put many borrowers on edge, however investors will likely bear the brunt of the changes. This serviceability buffer is designed to ensure a borrower could still service a mo...
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The Loyal Wingman has been developed in Australia and is expected to be produced near Toowoomba. Boeing has announced it plans to build an unmanned military aircraft manufacturing facility near Toowoomba that could create more than 300 jobs across regional Queensland. Key points: Boeing's un...
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EG Advisory managing director Shane Geha says there may not be any housing bubble to pop. Frustrated house hunters holding out for a property bubble to burst could be waiting a long time, according to an industry insider who warns there is no price balloon to pop. In fact, not only will there b...
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The housing watchdog has taken steps to curb risky lending. Australia's lending regulator has cracked down on risky lending by increasing the interest rate buffer borrowers need to be able to meet to receive a loan. The Australian Prudential Regulation Authority (APRA) told banks and other auth...
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With mortgage interest rates still around record lows, APRA is increasing the buffer required when banks test new home loan applicants. The banking regulator has announced tougher serviceability tests for home loans, which will make it harder for some borrowers to get a mortgage, on the same day...
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APRA may impose lending restrictions to curb runaway property prices. Property investors are likely to find it harder to obtain the big mortgages often required to buy free-standing homes after regulators signalled they would likely act to tighten lending rules. The Council of Financial Regulat...
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Sanjay Joseph says NAB needs to live its 'know your customer' processes to prevent financial crime. Sanjay Joseph had just bought a property in Sydney's North Kellyville when he received an email from what appeared to be his conveyancer asking him to transfer almost $100,000 to complete the purc...
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Property taxes are slashing listings and hurting affordability, a new report claims. Australian stamp duty costs are "completely out of control" as 'bracket creep' is slashing the number of homes for sale and fuelling affordability issues, property experts claim. A new report by the Real Estate...
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Australia's booming house prices are being driven by record low interest rates and increased household savings during the pandemic, but wage growth remains very sluggish. The property frenzy is locking young people out of the market and creating economic risks. Will anything stop it? Australian...
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House price growth: I once went to a foam party, and it seemed less bubbly than this. With prices and lending at record highs something has to give in the housing market and it could be very bad new for some Australians. See that on the horizon? That's a housing clampdown. And it's coming this ...
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Lending restrictions are likely to be the best way to significantly slow the boom in prices. The madness of rising house prices cannot be allowed go on. Apart from higher prices making it harder for our kids to get into the property market, there is the broader impact on the economy. Ever bigge...
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CBA said loan applications had held up despite lockdowns. The chief executive of Australia's largest lender says financial regulators should act 'sooner rather than later' as property prices and loan commitments surge. Addressing a parliamentary economics committee, Commonwealth Bank CEO Matt C...
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Box Hill's Kunek family have spent the past 65 years buying their neighbours' homes and their five-house haul is set to make them multi-millionaires. Paul Kunek and his wife Tricia are selling the land. A Box Hill family who have spent 65 years and two generations buying their neighbours' homes ...
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Janet Macmillan and Mary Gee opted to demolish their unfinished new home. It's held up as the great Australian dream. And certainly for millions of Australians, owning a home is the biggest financial commitment they will make in their lives. Key points: A top construction lawyer says inadequat...
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Growing house prices could pose a risk to the financial system if home buyers become too over-indebted. Spiralling household debt tied to the nation's soaring property prices could pose a risk to the financial system, the Reserve Bank has cautioned as home values across capital cities continue t...
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The RBA is watching the property market closely as household debt climbs The Reserve Bank of Australia (RBA) is considering what it can do to temper soaring house prices, which is triggering mounting household debt and threatening the nation's financial stability. Despite previous public statem...
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Building tools and materials will go down across Melbourne and some regional home construction and renovation sites for two weeks. Almost $1bn in residential construction and renovations will be sidelined with the construction sector over the next two weeks, Australia's peak housing industry gro...
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A storm rolls into Cronulla beach, where Reserve Bank research shows climate change could increase the cost of property insurance. Climate change could cut property prices across a swath of Sydney's northern suburbs from Lane Cove to Ku-ring-gai, with Reserve Bank analysis showing many homeowner...
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Peter Tulip said worsening housing affordability damages Australia's economy and reduces our quality of life. Governments need to care more about renters and young home buyers and defer less to older, wealthier home owners who fear change and block new housing supply in their neighbourhoods, one...
Read MoreHouse prices have grown at their fastest pace on record according to the Australian Bureau of Statistics. It's putting more strain on affordability, as economic pressure due to the COVID pandemic continues. There are 10.7 million homes for sale in Australia and they're becoming more expensive. ...
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More than two in five households are now in financial stress due to soaring house prices and mortgages. Mortgage stress is spiking across key suburban electorates in Sydney and Melbourne despite record low interest rates as spiralling property prices leave two in five households struggling to ma...
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'The past year, and what happened during the GFC, shows that governments will do all they can to ensure the housing market does not crash.' Residential property prices in the June quarter across Australia rose by nearly 7% - smashing the previous record set in 2009. Amid the insanity of house p...
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The average new mortgage to buy an established house in WA has soared by almost $50,000 in two years amid a nationwide glut of home lending. The rapid increase has raised fears our obsession with pumping money into real estate may hurt Australia's long-term living standards. As Perth's median h...
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Australian Bureau of Statistics data showed a 6.7 per cent jump in the June quarter in its measure of house prices. The Reserve Bank has urged governments to deal with tax and social security policies to bring surging house prices under control after new figures showed the biggest jump in nation...
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Akram Zaki, with wife Zel and 17-month-old son Ezra, saved big when they refinanced their Blacktown home. Homeowners in much of Sydney cannot afford their mortgages and would be in financial trouble if there was a rapid rise in interest rates. That's the finding of new economic modelling, which...
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Reserve Bank Governor Philip Lowe says the economic recovery will depend heavily on the level of vaccinations and how Australians adapt to living with COVID. Australian house prices are now 19 per cent higher than they were before the pandemic, but the Reserve Bank of Australia won't be lifting ...
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"If housing prices are rising, it's because someone can afford to pay those prices. But the issue is that not everybody can": RBA assistant governor Luci Ellis. Australia's fast-rising housing prices are a consequence of lower interest rates and people's ability to spend more on homes, and not e...
Read MoreHousing market sentiment lifts to a new high and dwelling prices now expected to grow around 19% in 2021 and 4% in 2022. Housing market sentiment lifts to a new high as house prices and rents continue to grow across the country. But the survey is tipping slower growth in prices over the next 1-2...
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Westpac CEO Peter King: "When we look at housing affordability at the moment it’s pretty stretched." Westpac chief executive Peter King has underlined a deterioration in housing affordability, saying regulators should wait for lockdowns to end before assessing whether there was a need for ...
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Sydney's affluent Northern Beaches Council area is worth more than the collective value of both Canberra and Hobart. One of Sydney's 12 local government areas is home to such pricey property that the total value of residential real estate within its boundaries is worth more than all the dwelling...
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The Sydneysider purchased his first place at age 19 while at university and now has eight properties, including one worth $1.9 million. Alex Veljancevski purchased his first home at just age 19 and has gone on to build a property portfolio worth $5.2 million,which recently allowed him to buy his...
Read MoreThe average new mortgage to buy an established house in NSW has soared by more than $200,000 in two years amid a nationwide glut of home lending, raising fears our obsession with pumping money into real estate may hurt Australia's long-term living standards. As Sydney's median house price climbs...
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Nic and Chris are trying a rent-with-option-to-buy option in their home city of Melbourne. Hands up if you're sick of being locked out of the housing market right now. If you've been paying attention, then you'll know that in the past 12 months alone prices have gone up by an eye-watering $100,...
Read MoreBMT Tax Depreciation has issued a critical reminder to property investors lodging their tax returns in coming months: any rental property improvements made last financial year must be captured in an updated tax depreciation schedule or risk making inaccurate claims. Investors who have renovated ...
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Consulting with an accountant as well as a quantity surveyor can help boost investment success. The complexity of depreciation unsurprisingly has many scratching their heads. While investors don't need to be depreciation experts, here are answers to some of the most common questions on this area...
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BMT Tax Depreciation has released its tips for tax depreciation. With tax time fast approaching, claiming depreciation is the key to increasing cash flow from an investment property. BMT Tax Depreciation has some tips for investment property owners when it comes to claiming depreciation at tax ...
Read MoreMonthly mortgage repayments now chew up 42 per cent of after-tax income in Brisbane. More than half of homeowners are concerned about interest rates increasing in the near future, with 15 per cent fearing they will be unable to make their repayments. And those fears are felt most acutely by hou...
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Buyers are using savings from cancelled holidays to buy holiday homes. Australians have saved some $60 billion a year in cancelled overseas travel because of the pandemic, figures show, with part of that cash flowing into the property market. Buyers lucky enough to keep their jobs have been tak...
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They had to have serious conversations about their much wanted a child and the impact it could have on buying a house. As property prices skyrocket in coastal areas around Australia, the market is being described as "brutal" for families trying to purchase a place. Mum of three Rachae Hutton is...
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The coronavirus outbreak and continued lockdowns and restrictions have done little to dampen Australia's property market. Recent Domain data shows that property prices have reached record highs across all capital cities as the perfect storm for Australia's property market continues to roll out. ...
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Westpac senior economist Matthew Hassan said the Aussie property market is stuck in a tricky situation. Australia's housing markets are entering very tricky territory as the return of COVID-19 lockdowns yet again disrupt activity and price momentum in major markets, Westpac said. This, combined...
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A report from Australia's peak residential building body has projected that the current construction boom will likely end by mid-next-year. The almost 33% uptick in building projects since 2019 was unsustainable, it said in its quarterly report. The projections follow warnings from builders a...
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Palm Beach has become a hotspot for interstate developers. A raft of Sydney and Melbourne developers are snatching up landholdings along the Gold Coast's middle and southern beaches, as demand for high-end apartments in the region grows. With 12,000 Victorians and 18,000 Sydney-siders last year...
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Even buying a dilapidated home in Sydney has become eye-wateringly pricey. But rental affordability has only worsened by 1.5 percentage points over the past 20 years. Property prices have soared beyond the reach of many Aussies - and experts warn home ownership could become even more unattainabl...
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Sydney's median property price lifted 1.8pc to $1.04 million in August. Australian house prices have become even more expensive, with coronavirus lockdowns across NSW, Victoria and the ACT having practically no impact on property values. Key points: Darwin, Canberra and Hobart saw the biggest ...
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House price growth is set to slow further in the months ahead as affordability worsens. The unparalleled growth in home prices over the past year is expected to slow further, with the pool of buyers not deep enough to absorb the amount of stock sellers are likely to unleash once the lockdowns en...
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Average home buyers in Pittwater, in Sydney's northern beaches, now need 93 per cent of their household income to afford a mortgage, according to CoreLogic. Housing affordability has deteriorated the most across the Pittwater area in Sydney's northern beaches, with the proportion of income neede...
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Properties are being withdrawn from auction, but prices tipped to keep rising, but a slower rate. Ongoing lockdowns in Sydney and Melbourne have hit property auctions in our two biggest cities, but most experts do not expect to see an end to the prolonged boom any time soon, though price rises a...
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Developer fees are adding up to $85,000 to new house prices, with doubts they are going into essential local infrastructure. Developers are paying up to $85,000 for every housing block they put on the market, with research showing the fees are driving up property prices and in some cases aren't ...
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A multimillion-dollar budget may not go as far as you think in the top-priced suburbs. When it comes to buying a house in some of the nation's most expensive suburbs, a multimillion-dollar budget may not stretch as far as you think. That glamorous waterfront mansion you dream of buying when you...
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CoreLogic's national measure of residential construction costs show an increase of 1.4% in the three months to June 2021, outpacing the Consumer Price Index of 0.8% for the same period. The latest Cordell Housing Index Price (CHIP) results show an annual growth rate of 3.9% and the largest quart...
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Homes in the Stockland Riverstone Crossing development in the Gold Coast are fenced off after what residents say was a completely preventable landslip. Families have labelled a developer "big fat liars" after newly built homes began splitting in half and sliding towards their neighbours. Reside...
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After intensively saving from the age of 15, Ms Tran was able to buy her first home at 24. Growing up in public housing, Linda Tran started saving to buy a property at the age of 15. But she admits her strategy might not be for everyone. Starting at the age of 15, Sydney woman Linda Tran saved ...
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Melbourne's population is predicted to boom in outer suburbs. The population of Melbourne's fringe suburbs will grow by more than 900,000 people in the next 30 years, leading Victoria's independent infrastructure adviser to urge sweeping reforms to housing, transport, and energy use. Infrastruc...
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A 246-lot community title subdivision at Mardi has been submitted to Central Coast Council and will be decided by the Hunter Central Coast Regional Planning Panel. The 223ha site is eight allotments collectively known as 414 Old Maitland Road, Mardi, situated to the west of the M1 Motorway. It ...
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It's no secret it's getting harder to own a home, but could rentvesting hold the key to cracking the market? Rentvesting could be the answer for budding buyers struggling to break into the market, experts say. The strategy involves getting on the property ladder by buying an investment where yo...
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Just before purchasing my first home nearly two years ago, I was paying $650 a week rent to live in a similar, two-bedroom unit in an adjacent suburb. Property enthusiasts would no doubt bemoan this money as "dead money" and celebrate my entry into the hallowed halls of home ownership. But am I...
Read MoreBuilding costs are rising at a faster rate than inflation as construction demand continues to outstrip supply for both labour and materials. Despite billions of dollars' worth of stimulus being poured into housing and construction, activity will continue to decline due to the pandemic. Global s...
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Buying a home? There are plenty of financial factors beyond the mortgage. From solicitors and pest inspectors, to buyer's agents and brokers, if you're looking to buy a home, you're bound to make a bunch of acquaintances. The thing is, many of your new-found friends come at a cost. And - most o...
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Australia's banking regulator says the state of the housing market could pose a risk to the economy. Australia's banking regulator doesn't know if the housing market looks risky but can't say whether its in a bubble. The head of the banking regulator says the current state of the housing market...
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Traditionally, the holy grail of property investing has always been land. Today, because of the pandemic, the lure of owning your own piece of dirt has never been stronger - or the returns higher, compared with townhouses and apartments. "Tastes shifted over the past few years into investing in...
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Property investor George Markoski, with wife Christina, owns 39 properties. He may not have the top hat, cane or bushy grey moustache but George Markoski has become a real life Monopoly Man like in the widely played board game. The property investor who was obsessed with Monopoly as a child cur...
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A report says there is a housing "supply crisis" in NSW. Greater Sydney's eye-watering house prices have surged this year with a new report warning there will be more rises on the way. The Urban Development Institute of Australia (UDIA) released a report today which claimed the NSW government h...
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Sydney buyers flock to 'safe haven' Central Coast property amid COVID-19. At a time of great uncertainty in the property market, it appears that Sydney buyers are flocking to the Central Coast. Top selling agency McGrath have reported an 'unexpected upward trend' that has evolved over the past ...
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First-home buyers are dropping back from their 2020 boom levels. First-home buyers are getting crowded out of the hot property market by stiff competition from investors, downsizers and buyers in between. The value of loans to first-time buyers dropped 7.8 per cent in the month of June, ABS fig...
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Since the start of the pandemic, a net 24,500 people have left Sydney for other parts of NSW. In total, almost 40,000 have moved out of Sydney since the pandemic started, with more than 10 per cent making the move to Brisbane.. But there are signs of change. In the first three months of this yea...
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Home owners are out-earning some of Australia's top professionals, with rapid price growth seeing house values climb by more than $1000 per day in some cities. Houses are out-earning some of Australia's top-paid professionals, with price growth in some cities outstripping the income of surgeons,...
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What is the 2 percent rule in real estate? We look at how this investing guideline works, and how it can be practically applied in real life. You may have heard about the different "rules" in real estate investing. There's plenty of percentage rules floating about; there's the 50 per cent rule,...
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Michael and Deanna Parzakonis bought a block of land in the Mirvac estate The Village in Menangle after their name was drawn out of a ballot. Homebuyers have been forced to jump through hoops or play a form of Lotto to get blocks in new estates in Sydney's southwest amid a crippling land shortag...
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The cyclical sizzling of Australia's property market has driven more and more Australians to embrace rentvesting. Rentvesting isn't new, it isn't just for first-time investors, and it's probably here to stay. Homeloanexperts.com.au CEO Alan Hemmings said that rentvesting has become more popular...
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Peter Harvey and Kylie Storen recently traded their Fairlight house for a Manly semi to live closer to the beach. He says he was spurred on by lockdowns and the rise of working from home. Sydneysiders are paying a pretty penny for big homes near parks and beaches as home owners place more value ...
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House prices in Australia's most popular regional towns have continued their phenomenal run of growth. Regional Australia is continuing its dizzying house price growth, with a jump of 4.5 per cent this last quarter alone, and a spectacular 12.5 per cent rise over the past year, latest figures sh...
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Investor activity across Australia has soared in recent months, with the highest amount borrowed to buy investment properties since mid-2015, however, John McGrath founder and executive director of McGrath Estate Agents cautions investors not to overextend for fear of missing out. Investor activ...
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The land proposed for rezoning stretches along West Dapto Rd to the west. Moves to develop vacant land at Kembla Grange are continuing at a cracking pace with a proposal to rezone a large BlueScope property holding on the agenda. Under the proposal, to be considered by Wollongong City Council o...
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High density areas such as the Parramatta region in Western Sydney have more vacancies. How long can low interest rates last? Lockdowns, border closures and a depleted pool of international students have been bleeding landlords dry in parts of Sydney and Melbourne. With vacancies elevated and ...
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Our client wanted to purchase a dual occupancy property and had a budget of $700,000. Based on their requirements and our own research and analysis, we recommended him a dual occupancy in Bellbird, NSW. Our solution: a fixed price, full turnkey 3+2 dual occupancy in Bellbird, which is lo...
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Our client wanted to purchase an investment property in a high growth region and had a good budget of $900,000. Based on their requirements and our own research and analysis, we recommended them a duplex solution in Heddon Gretta, NSW. We got our partner builder on board and packaged the solution...
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One of the biggest deductions on a property investment available is tax depreciation. But not all property investors are aware of this and may not even order a depreciation schedule when purchasing a property. Through the years, many didn't know that this property tax depreciation exists at all. ...
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'Shoreline' at Southern Redland Bay, 43km south-east of Brisbane, will see 3000 homes housing more than 10,000 people The new development will offer 3000 new homes for up to 10,000 people 'Shoreline' will cover 243 hectares at Southern Redland Bay south of Brisbane It follows the announcement ...
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Builders say they are being hampered by lengthy and costly delays due to a perfect storm of global and local events. A shortage of building materials including timber, bricks and windows has led to costly delays for renovations and new homes. A construction boom spurred by people investing in h...
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Investor Sam Gordon quit his job at 28 and used the rental income from his properties to travel the world. High school dropout turned real estate investor Sam Gordon owns so many properties he often needs a minute or two to remember exactly where they are. At 31 , the Southern Highlands native ...
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KEY POINTS Homeowners with mortgages saw their equity jump by 20% in the first quarter from a year earlier. This represents a collective cash gain of close to $2 trillion. Per borrower, the average gain was $33,400. Record-low mortgage rates for much of last year only added to the buying fre...
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Alex Fitzgerald purchased her first investment property when she was 21 and is inspiring other young people to get into the market. Alex Fitzgerald bought her first house and land package at the age of 21. The 28-year-old purchased her fourth investment property in September 2020. Building a...
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This is the first part in our series of documenting the journey of our female investor clients. As most women would agree, the journey of a female investor can be quite different from the ones made my men or couples. We hope this series would inspire more women to take ownership of their finances...
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Australia's regional housing market has far outpaced value growth across Australia's capital cities in the last 12 months, rising 13.0% compared with a 6.4% gain in capital city values. CoreLogic's quarterly Regional Market Update, which looks at capital growth over the 12 months to April 2021 i...
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CoreLogic has released its Quarterly Regional Report, which revealed the annual growth rate of combined regional dwelling values (13%) was more than twice that of the capital cities (6.4%) in the 12 months to April. Remarkably, rent values across the combined regional markets have outpaced capit...
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Premier Gladys Berejiklian has offered her condolences to the community. Yet another group of NSW homeowners is dealing with potentially worthless property after homes started "sinking" into the ground. Residents in Spring Farm, in Sydney's west, last week filed a massive class action against t...
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The coal-powered Liddell Power Station will shut in 2023. The Morrison government will spend up to $600 million to build a new gas power plant in the NSW Hunter Valley. The government says the plant, scheduled to come online in summer 2023-24 to replace the coal-fired Liddell power plant follow...
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First-time buyers are growing wary of paying too much. Exhausted first-home buyers fear they're overpaying for property in the boom market but are diving into purchases anyway, research shows. An overwhelming 82 per cent of the property buyers polled in a quarterly survey by ME Bank said they "...
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One of Sydney's biggest residential property developments is under review amid the discovery of "structural issues" that will require "specialist engineering advice". Toplace Group's Skyview apartment complex in Castle Hill will consist of about 960 "luxurious" one, two and three-bedroom apartme...
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More than meets the eye: New home sales fell in April, but from extreme highs. New home sales halved nationally in April, a month after the deadline ended for prospective buyers to benefit from the federal government's HomeBuilder stimulus, industry figures showed on Thursday. Total new sales d...
Read MoreReturning to Australia from overseas is still challenging, but we have seen huge numbers of expats make the journey. And that has meant a big fillip for the property market. Many of course had owned their home back here, but for others it has meant finding one. Maybe initially as a rental and t...
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Australians will be given more help to buy their first homes in a budget boost that offers loan guarantees and more scope for people to use superannuation to save a deposit that helps them enter the booming housing market. First-home buyers will be able to release $50,000 from special accounts w...
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More than 150,000 dwellings are forecast to be built across Sydney in the next four years but more than a quarter of the city's suburbs will be untouched by the development. NSW Department of Planning forecasters estimate between 132,800 and 171,200 new homes will be built in Sydney by 2025, ref...
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Large international aircraft such as Boeing 777s and Airbus 330s will be able to land in Newcastle under a plan to upgrade the regional NSW city's airport runway and other facilities. Prime Minister Scott Morrison says the $66 million investment, to be announced in next week's federal budget, wi...
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Buying a house in Sydney and Melbourne is now tens of thousands of dollars more expensive than it was just a month ago but there are signs the strongest property boom in decades is slowing. Property prices increased 1.8 per cent nationally in April with every capital city and region recording gr...
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The backyard of this Riverview house was so overgrown the selling agency discovered a pool they hadn't known was there. Sydney bidders paid up to $6 million under the hammer this weekend for houses they didn't even want. Rundown properties with scope for development got some of the biggest pric...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. Our client wanted to buy a high cash flow and positive geared property : total budget was under $675k. They wanted a property with high rental yield and less vacancy rate. Based on the clien...
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Apartments are in oversupply in suburbs where house prices are booming Rental vacancy rates are also higher than average in suburbs near universities Belle Property Ryde principal Phillip Allison conceded unit oversupply issue Moody's Investors Service issued a warning about credit...
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Ian Kingsford-Smith and Berni Joseph in front of their new apartment, near Parramatta in western Sydney. Despite house prices rising at their fastest pace in 32 years, apartments in Australia's most oversupplied cities aren't getting as much love from buyers. In some areas, unit prices have tum...
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There has been a shift in housing preferences in Australia post-COVID-19. Miraculous. That's how Commonwealth Bank's boss described Australia's economic recovery last week. But it was a strange word to choose. "Miraculous" can suggest a miracle has occurred, which implies the hand of God has b...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. Our client wanted to buy a high cash flow and positive geared property : total budget was under $650k. They wanted a property with high rental yield and less vacancy rate. Based on the clien...
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Maryam Behrouz stands to lose her life savings. A Sydney woman has been told there is nothing the NSW Building Commissioner can do to help recover her life savings after she bought into a 300-apartment tower that had alleged major defects, despite him reportedly saying an investigation is &ldquo...
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Australia's building sector is bearing the brunt of a "perfect storm" of events, with near-record new home approvals putting intense pressure on supply chains and sparking construction delays. December 2020 has seen 13,527 new homes approved, the Housing Industry Australia (HIA) said, which is a...
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Phil and Vanessa Machin, with daughter Chloe, bought in the red hot northern beaches market. Sydney's explosion in house prices is on track to become our biggest ever property boom, with prices set to continue rising in every city region this year. New sales analysis showed there were 140 subur...
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More Happy Clients have found their perfect investment with Koala Invest's assistance Koala Invest has helped another of its client in finding the perfect Investment home . Our client was searching for a dual occupancy under $650k with a block size of at least 450m2. We presented a range of op...
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" Koala Invest" once again put forth an exclusive option considering the prerequisite of the Client offering a dual occupancy under $500k with a block size of at least 500 m2 , providing a high rental yield of 4.9%.The client bought the full turn key fixed price package within their budget. It i...
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Recent buyer Melissa Steckler said price guides were "laughable" as she quickly realised she was regularly underquoted. Desperate Sydney buyers are facing the near-impossible task of finding homes they can afford as increasingly inaccurate price guides are throwing many off course in the hottest...
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More Happy Clients have found their perfect investment with Koala Invest's assistance. Koala Invest has helped another of its client in finding the perfect Investment home through SMSF. Our client was searching for a dual occupancy under $650k with a block size of at least 600m2. We presented a ...
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Home sales are expected to spike in the next two weeks as first home buyers seek to get their purchases over the line before the HomeBuilder scheme ends. This comes at a time when Sydney property prices have finally cracked their peak levels from 2017 and in which house prices, home loans and...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. Our client wanted to buy a high cash flow and positive geared property : total budget was under $650k. They wanted a property with high rental yield and less vacancy rate. Based on the clien...
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Australian house prices rose at their fastest rate in nearly two decades in February, with 2.1 per cent growth for the month the biggest monthly change since August 2003. CoreLogic’s latest look at house prices showed home values rose across all capital city and rest of state regions, w...
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Koala Invest has helped another client in achieving the milestone of acquiring their first investment property. Our client wanted to buy a high cash flow and positive geared property: total budget was between $600-$650k. They wanted a property which is close to all amenities with high rental yie...
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Metricon Queensland general manager Luke Fryer, with developer Keith Johnson (right), says they are committed to fixed-price contracts and they absorb the price rises. Budding property owners are being urged to lock in the price of new builds with costs set to rise dramatically because the succe...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. Our client wanted to buy a high cash flow and positive geared property : total budget was under $650k. They wanted a property with high rental yield and less vacancy rate. Based on the clien...
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Auctioneer Stu Benson from Benson Auctions at the successful sale of 102 Eaton Road. A tightly-held home in the Hills District sold for almost $450,000 above reserve on Saturday in a hot auction that drew more than 30 bidders. The four-bedroom West Pennant Hills home, on the market for the firs...
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Historically, investor demand for housing has been very much focused on inner-city areas of major capital cities and popular holiday destinations, such as Queensland’s Gold Coast and Sunshine Coast. But the repercussions of COVID-19 and closed international borders have forced some dramati...
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Commonwealth Bank economists expect national dwelling prices to increase 8 per cent in 2021. Economists at Australia's biggest bank think the housing market is "on the cusp of a boom", as record low mortgage rates collide with the recovery in the jobs market. Key Points : CBA forecasts house p...
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CoreLogic says housing stock on the market for sale is extremely low, while buyer activity is high. Australian house prices have posted their sharpest monthly increase since August 2003, with analysts at CoreLogic saying the market is now entrenched in one of its strongest growth phases on recor...
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House prices are back around the record levels set in 2017, but apartments are not performing as well. A 0.9 per cent rise in house prices last month has taken Australian housing values to a record high. exceeding the peak reached in 2017. Key points: Home prices are 0.7 per cent above their p...
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An influx of former Sydney residents combined with a lack of housing stock is propelling regional New South Wales property prices to record highs, while pushing locals out of the market. Key points: Regional NSW property prices rose by almost 10 per cent last year Researchers expect city resid...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. Our client wanted to buy a high cash flow and positive geared property : total budget was under $650k. They wanted a property with high rental yield and less vacancy rate. Based on the clien...
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The coronavirus pandemic has brought about many unexpected changes to the property market, including soaring demand for regional properties and larger homes. But perhaps even more unforeseen is a strong trend towards 'off-grid' living. New figures have revealed a significant increase in th...
Read MoreAfter the domination of first home buyers in the 2020 property market, investors are expected to make their market comeback this year. Following the introduction of the federal government's First Home Loan Deposit Scheme, the pandemic further accelerated first home buyer activity across property...
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LOTS FOR LOCHINVAR: Maitland City Council's Development and Environment Manager David Simm pictured last year at Gillieston Heights. Lochinvar is set to become Maitland's next boom town with the first of 5000 housing lots on public exhibition and a school and shopping precinct to come. Maitland...
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Perth's rental market is becoming increasingly expensive as low vacancy rates bite. Australia's rental markets are becoming increasingly expensive again, as vacancy rates fall across the country. Perth tenants are now paying 12% more than they were 12 months ago, while Darwin houses cost almost...
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Australian house prices are expected to skyrocket by 16 per cent over the next two years, rising by as much as $160,000 in some capital cities. Commonwealth Bank's head of economics Gareth Aird predicted house prices will rise by 9 per cent in 2021 and 7 per cent in 2022 in an economics issues p...
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More Happy Clients have found their perfect investment with Koala Invest's assistance Koala Invest has helped another of its client in finding the perfect Investment home . Our client was searching for a dual occupancy under $600k with a block size of at least 500m2. We presented a range of op...
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The NSW government has announced that the defence and aerospace hub supporting RAAF Base Williamtown will be designated as a 'Special Activation Precinct', drawing support from industry, accelerating economic development and the creation of highly skilled jobs. The Hunter region and northern NSW...
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In the year to January, CoreLogic estimates that there were 459,308 properties transacted across Australia. Most of these sales were houses, rather than units. It is not unusual for house sales to make up the majority of transactions, with houses making up an average 70.2% of annual sales volume...
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Koala Invest has helped another client in achieving the milestone of acquiring their investment property. Our client wanted to buy a high cash flow and positive geared property: total budget was between $650-$700k. They wanted a property with high rental yield and less vacancy rate. Based on th...
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Scott Morrison bounded into the air force base as the Top Gun theme song blared over the speakers. Little did the prime minister know his photo opportunity was on course to become a highway to the Danger Zone. Mr Morrison channelled his inner Maverick as he climbed into the cockpit of an F-35 f...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. Our client wanted to buy a high cash flow and positive geared property : total budget was under $650k. They wanted a property with high rental yield and less vacancy rate. Based on the clien...
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Australian house prices hit record highs along the east coast, marking the steepest increase in four years and rounding out a year of unprecedented events and price predictions. The median house value now sits at $852,940, up 4. 1 per cent over the quarter and 5.8 per cent in the year according ...
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Stockland has lodged plans for a $500 million North Sydney office tower as it banks on a post-pandemic return of workers to Sydney's second CBD. Known as 110 Walker Street, the development application consists of 75,000sq m of net lettable area on a 2,300sq m site which was previously amalgamate...
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The HomeBuilder grant scheme is twice as popular as anticipated and is set to cost the government an expected $2 billion. The original estimate for the scheme was $680 million for 27,000 grants when the prime minister first announced the initiative in June. The latest figures released from the ...
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The Queensland government has launched a parcel of development-ready land within the 200-hectare Gold Coast Health and Knowledge Precinct at Southport. Development of the 9.5 hectares, marketed as "Lumina", will be a commercial cluster based within the Gold Coast Health and Knowledge Precinct, t...
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Demand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. Up to $26.5 billion worth of housing finance commitments were made in July this year, marking the second consecutive month of increases. ABS chief economist Bruce Hockman said growth in new lend...
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Glad Tidings of a brand new home in the same vicinity from a satisfied Client of "KOALA INVEST" through the "Knock down Rebuild Process". The budget of $610K for a new spacious and Contemporary home of 176 Sqm. was perfectly matched by providing appropriate drawings, materials and services by ou...
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Koala Invest has assisted another client in achieving the milestone of acquiring their first "Dual Occupancy" investment property. During the initial discussion,We explained the client about dual occupancy property as investment and was happy to acquire a property from us. Based on our research...
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Koala Invest has helped another client in achieving the milestone of acquiring an investment property. Our client wanted to buy a high cash flow and positive geared property : total budget was under $650k. They wanted a property which is close to all amenities with high rental yield and less vac...
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The pandemic that made city-dwellers flee urban environments for the relative safety and space of country living turned housing markets on their head, making regional prices grow faster than metropolitan values for the first time in nearly 15 years. Regional property values jumped 6.9 per cent i...
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House prices in regional Australia have risen at a higher annual rate than in capital cities for the first time in more than 15 years, as COVID-19 increases people's desire to live outside the big smoke. Annual data by real estate analysts CoreLogic shows dwelling values in capital cities rose 2...
Read MoreAfter a crazy year, record-low borrowing costs and government efforts to stimulate the economy have set Australian housing prices up for further growth in 2021 - after every city bar Melbourne closed the year in positive territory, having already made up their losses triggered by the pandemic. A...
Read MoreREA Group Chief Economist Nerida Conisbee says Australia's property market has been "far stronger than expected," this year considering the COVID-19 pandemic. "When the first lockdown hit in March, I certainly don't think anyone though that there would be pretty much no price decline in most of ...
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Hundreds of Sydney apartment owners are facing an uncertain future after the collapse of a company linked to the builder of the Opal Tower, with allegations that it collectively owes them $30 million to repair seven defective builds across the city. The revelations come as another high-profile c...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. During the initial discussion , Koala team explained the benefits of positive geared and high cash flow investment properties to the client.And they understood that this kind of property will...
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A shortage of rental accommodation, multiple applications per property and rising rents are proof that Australia's rental market is undersupplied, with predictions the country could soon see the "biggest rent increases in living memory". Propertyology head of research Simon Pressley said the pro...
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At the height of the pandemic, major banking economists sounded the alarm. They warned the coronavirus-induced recession could shave hundreds of thousands of dollars off the value of Sydney and Melbourne homes. But as the worst of the national COVID-19 restrictions passed, property prices fell o...
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As the famed coastal hotspot is overrun with new interest--and sky-high prices--wealthy buyers are looking elsewhere BY MICHELLE SINGER As Australia's wealthy descend upon the coastal lifestyle hotspot of Byron Bay, helping house prices rise to record levels, the hunt is on to uncover the count...
Read MoreAustralia headed to its first recession in over 28 years, but no drastic decline was seen in the housing market. Here's how the property market managed to handle the downturn. 2020 has seen devastation across a number of sectors, with wages down by 4.3 per cent and payroll jobs decreasing by 3.0...
Read MoreA further 15,000 homes are expected to be constructed or majorly rebuilt after the federal government revealed a three-month extension to its HomeBuilder scheme. HomeBuilder was initially brought in as a COVID-19 stimulus measure to drive demand in the construction sector and support jobs. The ...
Read MoreCanberra is now Australia's second most expensive property market, overtaking Melbourne. New data from property research firm CoreLogic shows Canberra now carries a median value of $672,866, overtaking Melbourne which sits at a close $672,172. Sydney remains the most expensive property market i...
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With first-home buyers and upgraders dominating the market, the quiet pick up in investor activity is going largely unnoticed. The most recent home lending data from the Australian Bureau of Statistics (ABS) found that in September 2020 there was $5.3 billion in new lending to investors. While t...
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Koala Invest has assisted another client in achieving the milestone of acquiring an investment property. During the initial discussion , Koala team explained the benefits of positive geared and high cash flow investment properties to the client.And they understood that this kind of property will...
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Property price caps have been lifted and the amount of time given to start construction extended. A Federal Government program offering cash grants for housing construction projects has been extended, but at a lower amount. The HomeBuilder scheme currently provides $25,000 grants to eligible pe...
Read MoreHouses are rising in price again in most capital cities and although the rental market remains weak there are some surprising increases in value. REA Group Chief Economist Nerida Conisbee told Sky News 80 per cent of suburbs across Australia have seen prices soar. "Sydney is stand out the most ...
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Treasurer Dominic Perrottet will undertake the state’s biggest tax reform in decades with stamp duty to be phased out to boost the economy as NSW records a historic $16 billion budget deficit. In his fourth budget, handed down on Tuesday, Mr Perrottet said replacing stamp duty with an annu...
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Koala Invest has helped another client in achieving the milestone of acquiring their first investment property. Our client wanted to buy a high cash flow and positive geared property: total budget was between $600-$650k. They wanted a property which is close to all amenities with high rental yie...
Read MoreHousing sentiment has almost rebounded to pre-COVID-19 levels, with home owners less worried about the state of the property market, says the ME Quarterly Property Sentiment Report. The latest edition of the report, conducted in October 2020, says 38 per cent of Australians in the property marke...
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The Reserve Bank's cash rate cut to 0.1 per cent will have ripple effects for Australia's property prices, as well as mortgages and personal savings, all which move according to the national interest rate. Historically, when interest rates have been slashed, house prices tend to push upwards. T...
Read MoreAfter the property market has witnessed a lull in activity as a result of the COVID-19 outbreak, South Australia is expected to experience a “mini property boom”, aided by the federal and state government support for new homes. The government’s support for new homes came in the...
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The Lower Hunter's population is forecast to boom in the next two decades with Cessnock and Maitland tipped to be among the fastest growing areas in the state. Department of Planning population projections show an extra 131,500 people will live in the Hunter Region by 2041, an average increase o...
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Many of Australia's regional towns have proven resilient to the pandemic with house prices rising despite the disruption, even as the country's two largest housing markets of Sydney and Melbourne suffered. Outside of the regional coastal markets, Dubbo, in the central west of NSW with an estimat...
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East Maitland will be one of the Hunter's "catalyst areas" in the next 20 years, setting targets for 1750 extra jobs, 550 extra homes and improved transport connections between Green Hills shopping centre and new hospital site. The plan is one of a raft of initiatives contained in documents outl...
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"The full impact of HomeBuilder is now evident in the HIA's New Home Sales Report with sales now 11.8 per cent higher in the seven months since restrictions came into effect than at the same time last year," commented HIA Chief Economist, Tim Reardon. The HIA New Home Sales report - a monthly su...
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Costco is to develop a $60 million warehouse and fuel station project in Lake Macquarie City in New South Wales' Hunter Valley region. Occupying a 14,000sqm site, part of the former Pasminco mining company's land, the development will be Costco's fourth warehouse in the state. The project will i...
Read MoreThe concept design for the new, seven-storey Acute Services Building for John Hunter and John Hunter's children's hospitals has been unveiled, marking a milestone for the NSW Governments $780 million health precinct. Premier Gladys Berejiklian said the John Hunter Health and Innovation Precinct ...
Read MoreProperties suffered sunken driveways, cracked brickwork and damaged roads The council have extended the number of homes with warnings from 195 to 841 Building group Lendlease is 'disappointed' by the council's 'premature response' Sinking ground reclaimed from a swamp is ripping homes apart an...
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Koala invest has assisted two young investors with their First investment property. The clients, who are friends, were looking at various options to invest jointly. We understood their requirements and suggested to invest in an off the plan dual occupancy property by explaining them the addition...
Read MoreThe New South Wales Hunter region has been named as the preferred location for what is likely to be Australia's first gigawatt-scale lithium-ion battery manufacturing operation, right in the middle of the state's coal and gas heartland. Energy Renaissance said on Tuesday that it would start buil...
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Cancer patients in Maitland will soon no-longer have to make the exhausting trip to Newcastle for treatment. Construction on a new $6 million cancer centre, which will provide access to cutting-edge radiation therapy treatments, medical oncology and clinical trials is beginning at Metford. A &l...
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Developed by Risland Australia, the sales occurred within three weeks of the project's launch, making it one of the fastest selling in New South Wales. Located within Sydney's south west growth corridor in the Wollondilly area, the Wilton Greens will comprise 3,600 land parcels spanning 433ha. ...
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AFTER years of talk, the Federal Government will finally commit $560 million towards the development of the Singleton Bypass at Tuesday's budget. Given the project's estimated cost of around $700 million, only another $45m would be required by the state government, who have already spent or pled...
Read MoreReal estate markets across the country, with the exception of Melbourne, are returning to the normal pattern of spring selling seasons, as new home listings increase and older homes are snapped up by buyers returning to the market. Sydney's stock on market rose 1.8 per cent last month from Augus...
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The Federal Government will add an additional 10,000 places to a scheme designed to make it easier for first home buyers to purchase a house with a small deposit. The First Home Loan Deposit scheme allows people to purchase property with a deposit of five per cent, with the Government guaranteei...
Read MoreOverview 3 October 2020: The Australian Government has announced an additional 10,000 First Home Loan Deposit Scheme places will be provided from 6 October 2020 to support the purchase of a new home or a newly built home. More information will be available on the NHFIC website from Tuesday 6 Oct...
Read MoreThe NSW Government can today reveal it has allocated another $400m of its $3 billion Jobs and Infrastructure Acceleration Fund to regional projects. Last week, the government announced $2.4 billion in funding, which included $1.4 billion in accelerated funding for regional projects. This brings ...
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Koala Invest has helped another client in achieving the mile stone of acquiring their first family home. Our client wanted to buy their first home and had certain requirements: total budget of under $700,000.They wanted property which is close to school, shopping, public transport as well as the...
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A billionaire family's windfall gain from the sale of land next to Western Sydney Airport has been described as the "tip of the iceberg" for the surrounding area, sparking calls for changes to ensure a far greater slice of the market uplift is returned to taxpayers. The federal government forked...
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The Reserve Bank says with interest rates to remain lower for longer, all levels of government can borrow for job-creating projects. The Reserve Bank could push interest rates closer to zero to help the economy out of the coronavirus recession as it presses all levels of government to use their ...
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The main reason for this is the incredibly cheap mortgage rates currently available The Australian housing market is a peculiar beast. You would think that in the midst of a worldwide pandemic that has seen Australia’s economy crash by 7%, and around one in five Australians either unemploy...
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28-year-old real estate “whizzkid” Eddie Dilleen who has been buying up a storm across Brisbane when the rest of the country was in COVID-19 lockdown. Pictured at one of his properties in Greenacre, Sydney. A 28-year-old ‘whizzkid’ bought almost one property a month whil...
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Westpac is the latest bank to upgrade its short-term home price targets, citing record low interest rates, ongoing regulator support and a steadying economy for its more positive outlook. The bank says residential property prices are now expected to experience a 5 per cent correction through to ...
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A leading Illawarra community housing provider's latest project represents one of the largest purchases made in the organisation's 37-year history. Construction has begun on a new $22 million building project in Corrimal that will provide affordable rental housing. The Robert Street complex wil...
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Westpac has updated its property forecasts, expecting a serious boom in the coming years. The bank’s economists expect prices to fall nationwide by just 2.3% more to June before booming to 2023. Fuelled by low-interest rates and record economic support, chief economist Bill Evans and Ma...
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The shift in interest to the regions is one of the more fascinating (and positive) trends to come out of COVID-19 – and the high level of interest in regional Australia is now flowing through to short-term pricing growth. Looking at the Local Government Areas that are seeing the strongest ...
Read MoreRevealed by latest ATO investment property statistics Depreciation remains the second highest deduction for property investors after interest repayments, according to the Australian Taxation Office (ATO). ATO investment property statistics recently released from financial year (FY) 2017/18 reve...
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The New South Wales Central Coast is expected to boom this summer, with holidaymakers opting for a beachside getaway amid ongoing pandemic travel restrictions. But the future is not so bright for a well-established café in the coastal village of Avoca Beach, which has been forced to close...
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Doylo Lifestyle Group has passed its first hurdle for a major housing and recreation redevelopment to be staged over 20 years on 45ha at Doyalson. At its April 27 meeting, Central Coast Council voted unanimously to rezone land for low density housing and to forward a proposal to the NSW Planning...
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Looking at the Local Government Areas that are seeing the strongest growth over the past three months, it is overwhelmingly dominated by regional areas. Most of these are lifestyle areas – white-collar nomad driven – that have become popular over time, but particularly so since COVID-...
Read MoreNew loans for residential investments rebounded 15.2 per cent in the three months to June over the previous quarter as investors refinanced to new lenders, taking advantage of record low interest rates. During the past 12 months to June, new mortgages taken out for investment purposes jumped by ...
Read MoreResidential vacancies in outer suburbs and regional areas fell sharply in July, while CBD apartments sat empty as professionals who could work remotely abandoned their city flats in favour of larger homes to escape the spreading virus. The SQM Research July vacancy rate report showed a slight dr...
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A new housing code, which allows dual occupancies, terraces and manor houses to be fast-tracked as complying development, now applies in all council areas. The Low Rise Housing Diversity Code (previously called the Low Rise Medium Density Housing Code), which started on July 1, allows developmen...
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Construction of a passenger terminal at Sydney's new $5.3 billion international airport is expected to start by the end of next year after several large contractors were shortlisted for the work. The federal government has also released further concept designs for Western Sydney Airport's termin...
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The Australian property market has taken a battering amid the COVID-19 pandemic with prices falling or stagnant in most cities, but white-collar workers, doctors and busy tradespeople have still been snapping up homes, agents said. Although the Australian economy fell into a recession in the Jun...
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Sutherland Shire has gained a late, major concession in the application of a new state-wide housing code. Planning Minister Rob Stokes has agreed to exclude the R2 low density residential zone in the shire from the new system. The code allows dual occupancies, terraces and manor houses to be ap...
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For Kiia Liind and Michael Canty, COVID-19 was the push they needed to get out of the city for good. The couple who have been renting in Melbourne's inner-eastern suburb of Alphington will be moving to their Barwon Heads home near Geelong in three weeks - a plan that has been accele...
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COVID-19 has accelerated a trend of Sydneysiders moving to regional NSW and the exodus from the big smoke is expected to drive up property values in key towns once the pandemic blows over. The areas set for the biggest jump in prices included the Hunter Region, Albury, Mudgee, Orange and Goulbur...
Read MoreThe housing pipeline picked up in July as new home approvals jumped more than expected. There was a surge in detached dwellings and apartments as improving consumer sentiment made the monthly total climb at its fastest pace in five months. New dwelling approvals rose 12 per cent from June to 13,...
Read MoreCharter Hall is laying the foundations for an emerging health and medical research hub in Sydney's south-west as it kicks off the first stage of a joint $350 million project with Western Sydney University. An impression of the emerging precinct, to be known as Innovation Quarter or iQ The&nbs...
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Australia’s property market is on the slide as the coronavirus weighs on buyers’ confidence, but one market has defied expectations and emerged as the “clear winner” amid the pandemic. Canberra – home to federal Parliament, Lake Burley Griffin and the Floriade &ndas...
Read MoreHouseholds are using the pandemic year to build their nest eggs and gird against recession, with savings and investments trending higher since the start of 2020. The average total balance of Commonwealth Bank savings accounts and term deposits, which accounts for a large portion of the market, i...
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Koala Invest has helped another client in acquiring the perfect investment property. Our client wanted to buy a property with high rental income and rental yield and had certain requirements: total investment of under $650k, minimum block size of 600 sq. meters and the availability of garage for ...
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Important koala habitat will be protected for future generations with the creation of Guula Ngurra National Park. Premier Gladys Berejiklian said the creation of the new park in the Southern Highlands, which was gazetted on Sunday, would secure the future of koalas in the wild. "Koalas are an i...
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We believe that good work should always be celebrated. Our team has been working hard to ensure that both our homeowner and investor clients get the best value for their money and their efforts have borne fruit. We have just finalized sales of over $3.5 Million!
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Lake Macquarie Council has approved Winarch Capital's $235 million redevelopment of the 90 hectare Morisset Golf Course, allowing the developer to subdivide and sell part of the site to Ingenia Communities. Winarch Capital managing director Paul Lambess said the council has given th...
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A combination of federal and state housing stimulus drove a huge rise in new home sales in Perth in June and July, according to figures provided by developer Satterley Property Group. Having averaged about 300 sales a month in 2019, and 375 in May, lot sales surged to 1550 in June after ...
Read MoreAn eight-year-old boy has bought his first home after outbidding other shoppers at a Sydney auction. Michael Hamdan, from the city's south west, snapped up a cluster of five one-bedroom studios in Greenacre on Saturday for $970,000. The youth could now be Sydney's youngest property invest...
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Proposed changes at Chain Valley Colliery, Mannering Colliery and Vales Point Power Station have been fast tracked by the NSW Government to inject $65M into the economy and boost employment by 170 jobs. It is one of 19 projects nominated in the third round of the NSW Planning System Acceleration...
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Queensland’s border may be closed to NSW, Victoria and ACT but that’s proving no obstacle for property hunters from the southern states, with reports of a surge in buyers snapping up homes sight unseen. Andrew Bell, chief executive of Ray White Surfers Paradise, said since the s...
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Master Builders Australia wants the federal government to extend the HomeBuilders stimulus program for a year, at an estimated cost of $1.3 billion. Master Builders Australia claims the scheme announced in June has been "the most effective government stimulus measure in a decade".The building an...
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A rooftop cocktail bar, a gold class cinema and a high-end steakhouse are just some of the features listed in plans for the region's newest pub. The $38 million Oran Park Tavern has been approved by the Sydney Western City Planning Panel. Momento Hospitality, operators of the Bella Vista Hotel,...
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Plans are picking up steam to connect the Gold Coast light rail to the airport and create a pedestrian “ocean-way” along Palm Beach. Council and the state government are embarking on the $7 million joint venture to create a business case for the rail project aimed to boost the local ...
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Not every Australian housing market has performed the same way since the onset of the Covid-19 pandemic. The latest Corelogic home value index results reveal that since March, Melbourne property values have fallen 3.5 per cent. Meanwhile, the ACT dwelling market reached a record high. And from...
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Connectivity is key to transforming the Ripley region over the next decade, with Ripley Town Centre at the heart of a 25-kilometre public transport corridor from Ipswich Central to Springfield Central, providing residents with affordable access to surrounding communities and ensuring new cities a...
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Residential vacancies in outer suburbs and regional areas fell sharply in July, while CBD apartments sat empty as professionals who could workwhile CBD apartments sat empty as professionals who could work remotely abandoned their city flats in favour of larger homes to escape the spreading virus....
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Bucking the nationwide trend of falling capital city house prices, Canberra’s market is only just warming up. There has never been a better time to live, work or invest in Canberra. Australia’s youngest capital city is undergoing an unprecedented transformation, with more than $2.9 ...
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Two generations of a Caringbah South family joined forces to beat stiff competition at auction for their neighbour’s house with water views. The family paid $1.897m for the Cumbee Lane house with views of the Port Hacking waterway and Royal National Park, beating “spirited&...
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The Sydney residential market looks set to kick off spring with a bumper number of offerings. Over the past month 6000 new listings have hit the Sydney market, which is up 27 per cent on the same period last year. These early bird offerings have taken the total Sydney listings to around 20,000, ...
Read MorePeople in Sydney pay 68 per cent more for apartments than they cost to build, a gap the Reserve Bank says indicates a shortage of properties. RBA staffers Keaton Jenner and Peter Tulip said planning restrictions have created the shortage which is most acute in the eastern suburbs, Leichhardt and...
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Over the next two decades, Canberra will need to build 100,000 new homes — approximately 12 per day — to accommodate the city's booming population. The ACT is expected to welcome an additional 170,000 people in just over 20 years. But where and how those people are housed will shape ...
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If first-time home buyers manage to navigate their way through all the options, conditions and qualifications for assistance with buying their first home, then they’ve earnt every cent. In some states you have to buy a brand-new home, in others it can be newly renovated or less than five y...
Read MoreIncreasing real interest rates and Victoria's stage-four lockdown will force the Reserve Bank to re-examine policy settings and its forecasts for the national economy amid growing evidence the jobs market has deteriorated in the past fortnight. The RBA board is expected to hold official interest...
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Regional property markets have significantly outperformed city markets on average over the past year and new research indicates median prices in regional areas across the country were up by an average of 3.4 per cent for the year to June 30, 2020. By contrast, capital city markets grew by just 1...
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These Ermington duplexes have been snapped up by out-of-area buyers. HOUSE hunters are flocking to a western Sydney suburb to choose from its selection of modern duplexes — many of which are the size of a typical stand-alone home. Two young families will soon move into their semi-deta...
Read MoreCoronation Property are moving forward with plans to build 790 build-to-rent apartments in western Sydney’s Merrylands at an estimated cost of $293 million. The developer lodged an application for the site at 52-54 McFarlane Street next to the Stockland Merrylands Shopping Centre. The pla...
Read MoreA new front in the home loan interest rate war has broken out, with variable interest rates falling below 2 per cent for the first time. A smaller lender is offering a variable-rate home loan of 1.99 per cent and more lenders are expected to follow suit, as competition for new mortgages intensif...
Read MoreThe Berejiklian government will cut land tax for the next 20 years for new build-to-rent housing projects in an Australian-first designed to give renters longer-term leases. NSW will give a 50 per cent discount on land tax to developers who invest in build-to-rent schemes, which are designed to ...
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While the COVID-19 pandemic continues to disrupt property markets across the country, none more so than in Victoria, industry experts are reporting a wave of activity from first-home buyers spurred on by increased government support. “First-home buyers are out in force,” says Antony ...
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We are in recession; unemployment is rising, and we should be in a situation where house prices catastrophically fall. Yet, they remain resilient. Across Australia, prices have softened slightly since March (except in Canberra), but comparing prices to the same time last year, Sydney is doing re...
Read MoreFirst home buyers and the construction industry will be the big winners under a targeted boost, which will eliminate stamp duty on newly-built homes below $800,000 and slash thousands of dollars for properties up to $1 million. Premier Gladys Berejiklian said the change to stamp duty thres...
Read MoreFirst homebuyers who purchase a property worth up to $1million will save thousands on stamp duty costs under new NSW government scheme. In changes announced today by NSW Treasurer Dominic Perrottet to stamp duty threshold, stamp duty will be waived for homes up to $800,000 and di...
Read MoreThe Berejiklian government will temporarily axe stamp duty on new homes under $800,000 for first home buyers in a bid to boost construction and create jobs amid the COVID-19 crisis Premier Gladys Berejiklian said the government expected more than 6000 first home buyers would benefit from the cha...
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A rooftop cocktail bar, a gold class cinema and a high-end steakhouse are just some of the features listed in plans for the region's newest pub. The proposed Oran Park Tavern is set to go before the Sydney Western City Planning Panel on August 3. Momento Hospitality, operators of the ...
Read MoreFirst-home hopeful Jyi McWilliams faces fierce competition for entry-level properties, even as Melbourne's median house price falls. Melbourne house prices have fallen more than any other capital city during the COVID-19-related recession, new figures show, with experts warning there are...
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The build-to-rent sector is on the cusp of exponential growth after the development pipeline crossed a threshold of 11,000 units, with investors favouring assets delivering reliable income streams amid the coronavirus pandemic, a CBRE report says. Over the past 12 months, more than 30 major buil...
Read MoreWestern Sydney is full of affordable housing options. In a property market as diverse as Sydney, $700,000 is going to buy you very little in some parts while in other locations it can still mean a good quality home or investment. There was “a rich and varied tapestry of property o...
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Changes in high-density cities as a result of the coronavirus pandemic could prompt a shift in housing demand towards smaller towns and suburban or rural areas. Current flexible working conditions could reduce demand for centralised office space, ultimately enabling workers to live further from ...
Read MoreThe state's first hydrogen gas plant, the revamping of a western Sydney CBD and Central Station's planned tech hub are all part of the latest bundle of projects and planning proposals being rapidly assessed by the NSW government. Planning and Public Spaces Minister Rob Stokes on Saturday announc...
Read MoreEliza Owen, Head of Research Australia at CoreLogic, has penned research arguing that Australia’s regional property markets could stand to benefit from COVID-19 as working from home becomes the new normal: An emerging narrative around regional dwelling markets is that they may see in...
Read MoreA major bank-owned lender has introduced a new LMI offering for first home buyers with a 15 per cent deposit. Westpac subsidiary St.George Bank has announced the rollout of a new offering for first home buyers (FHBs) that are unable to unsecure a 20 per cent deposit.Effective from Monday, ...
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The Western Sydney Aerotropolis, a multi-billion-dollar development to complement the upcoming Western Sydney Airport at Badgerys Creek, is beginning to take shape.The new city, surrounding the under-construction Nancy-Bird Walton Airport, will include commercial, agricultural, industrial and res...
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Westpac-owned St George Bank has slashed its lenders mortgage insurance (LMI) charges to just $1 for qualified first home buyers borrowing up to 85 per cent of the property value despite heightened economic uncertainty during the pandemic. St George is effectively waiving LMI charges f...
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One in 10 off-the-plan apartment buyers have lost their deposits in the last quarter, according to analysis by Digital Finance Analytics. Out of around 35,000 off-the-plan settlements between March and June, 3000 have collapsed. Off-the-plan values have dropped between 10 and 15 per c...
Read MoreUnscrupulous builders may take advantage of the Federal Government’s newly announced HomeBuilder scheme, warns NSW builder broker, Builder Finders. The $688 million stimulus initiative will provide $25,000 for Australians to spend on building or upgrading their home in a bid to support Aus...
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First-home buyers are "vacuuming up" available titled land, even blocks that have been sitting on the market for more than two years, in a rush to get the HomeBuilder grant, agents and developers say. Inquiries have tripled and land sales have gone up by more than 300 per cent since th...
Read MoreRegional Australia attracted more people than it lost to capital cities during the last census, reveals a new report, which also found Sydney lost more millennials to the regions than it gained between 2011 and 2016. Regional Australia Institute’s “Big Movers” report examines h...
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Millennials are leading Australia’s house hunting charge as real estate agents across the capitals report a surge in first-home buyers looking to make lemonade from COVID-19 lemons. While investors steer clear of the market and mature property owners resist the urge to sell for fear of a d...
Read MoreAtlassian plans to build the world's tallest hybrid timber tower for its new headquarters next to Central Station, reshaping the skyline at the southern end of Sydney's CBD. The 40-storey building will become the centrepiece of the state government-planned tech hub, which will eventually span fr...
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A $1.2 billion over-station development at the future Victoria Cross metro station in North Sydney has topped the latest list of projects to be fast-tracked by the NSW government. The North Sydney development, along with 18 other state-significant projects valued at $4.7 billion, have be...
Read MoreAny discussions about the Australian property market lately have been pulled in different directions by opposing opinions and forecasts. Key Takeaways: The Australian housing market has remained resilient to material correction Serious buyer activity on realestate.com.au has increased compar...
Read MoreThe chance to build a brand-new home for a bargain has lured thousands of Aussie buyers into the market as developers across the nation report skyrocketing sales and inquiries mere days after the launch of the federal government’s new HomeBuilder scheme. Despite initial confusion over gran...
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Real estate agents in outer suburbs have been flooded with calls about the Morrison government's HomeBuilder grant for new homes and renovations, but major industry groups warn many people will fail to qualify unless the scheme is expanded and normal processes are suspended. Liverpool-based ...
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Australia's property sector has dipped slightly during the corona virus crisis but first-home buyers are still likely to struggle to crack the market. As the coronavirus pandemic brings huge chunks of the Australian economy to a grinding halt, the real estate market looks to have weathered the w...
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The Fonz — aka Fonzie, aka Arthur Herbert Fonzarelli — remains the epitome of TV cool, more than 30 years after the hit American sitcom Happy Days wrapped up. But that hasn’t stopped the comb-carrying, leather jacket-wearing, motorcycle-riding suburban legend from mak...
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Families with a combined taxable income of less than $200,000 are the big winners under Scott Morrison’s new homebuyers’ scheme which will ban millionaires from claiming the “free” cash. News.com.au has confirmed that a means test will be applied to the new stimulus gra...
Read MoreConstruction will begin this year on a metro line linking the new Western Sydney airport and St Marys railway station, after a $5.25 billion injection from the Federal Government announced today. Two new metro stations will also be built at Luddenham and Orchard Hills as part of th...
Read MoreConstruction on Queensland's biggest infrastructure project, the $5.4 billion Cross River Rail is quickly taking shape. When realised, the Queensland government-led project will comprise a 10.2 kilometre rail line which will run from Dutton Park in Brisbane's southern suburbs to Bowen Hills in t...
Read MoreAt a time when Australia is looking to construction as a way to help the economy rebound as quickly as possible, build-to-rent is becoming an increasingly strong option. Build-to-rent developments, designed for renting professionally managed apartments on a long-term basis, are now serving as an...
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Buyers of newly constructed homes – whether homeowners or first home buyers – will be offered grants of at least $20,000 to help shield the building industry from the coronavirus-induced economic slowdown. The federal government is poised to announce the scheme this week, sources sai...
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Developer JMGM has won approval for a mixed-use residential building in Gosford on the New South Wales’ Central Coast. The developer’s application to develop 184 apartments, five levels of car parking and new retail space was approved last week. JMGM initially lodged plans i...
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Up to 3300 new homes will be built in Sydney’s north west after the New South Wales government green-lit concept plans for Ivanhoe Estate in Macquarie Park as one it "shovel ready" projects. Frasers Property Australia and community housing provider Mission Australia Housing are behind the ...
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Master developer and home builder Sekisui House Australia is challenging traditional conventions of masterplanned communities following the successful launch of the $1.5 billion Ripley Town Centre in June last year. Almost one year on, Sekisui House Australia continues to make inroads ...
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Buyers of freshly built homes would get a $50,000 cheque from the Morrison government under a $2.5 billion plan from the Property Council to kickstart the economy amid Reserve Bank warnings the housing sector faces an extended period of pain. The council also wants the abolition of stamp duty, t...
Read MoreListings are set to rise significantly over coming weeks as more vendors make plans to put their homes on sale, in an early sign of recovering housing confidence. CoreLogic's data showed pre-listing activity – measured by the amount of comparable market analysis (CMA) report generated...
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A former music teacher who started a $12 million real estate empire while working as a low-paid freelancer claims home seekers could be missing a rare opportunity during the COVID-19 crisis. Sydneysider Lloyd Edge, 45, currently owns 16 properties, bought using a mix of cunning tactics, and said...
Read MoreUnemployment is expected to rise to its highest rate in almost thirty years, with new figures forecasting the rate to increase from 5.1 per cent to 10 per cent in the June quarter. The latest treasury figures, released Monday night, said Australia’s unemployment rate could hit doub...
Read MoreThe economic news is grim with warnings of 10 per cent unemployment in the June quarter, weak economic growth and a fall in property prices as Australia navigates its way through the coronavirus pandemic. Major banks are expecting billions of dollars in defaults on loans that will simply never b...
Read MoreBrisbane is officially under construction. Everywhere you look, there is a major construction site underway. A city of 2.5 million, a region of 3.6 million, the city is undergoing monumental change, with 2020 welcoming the start of many new major projects about to come online. The video above co...
Read MoreNew government stimulus measures to kick-start building activity have been called for, as the construction sector continues to navigate complexities amid the coronavirus pandemic. While projects that commenced prior to the onset of Covid-19 are providing short term work, Master Builder...
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Houses have become more popular with Australian property investors than units, new research shows, a trend that could become more prominent post-COVID-19. New properties have also become the investment of choice, the 1000 Assets Study by MCG Quantity Surveyors shows. The study assessed investmen...
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The NSW government has unveiled the first tranche of "shovel-ready" projects it says will kick start the state's lethargic construction pipeline in the wake of Covid-19. The 24 projects include Malcolm Turnbull’s pet project Snowy Hydro 2.0—a $4.6 billion injection—along with 4...
Read MoreThe new school, initially for 460 students, will be built at 75 Warnervale Rd and will supplement the existing primary school on the corner of Minnesota Rd at 179 Warnervale Rd. The school population will increase in stages to a total 1,000. There will be community consultation before the new sc...
Read MoreWe are building a new school in Schofields to support the growing community. The new school will accommodate 500 students and allow growth in the future for 1,000 students. The benefits Flexible teaching spaces. New administration and staff areas. New hall. New libra...
Read MoreThe State Government has announced $440 million in relief for renters and landlords affected by Government-enforced COVID-19 restrictions. Half of that money has been allocated to residential renters — a group that had not yet received financial support during the pandemic. The package is...
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Property price growth is expected to skyrocket following the coronavirus crisis, if past economic recoveries are anything to go by. Experts are forecasting house values to shoot up at the end of the pandemic, which is consistent with what tends to happen after economic shocks. According to Pr...
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Developer contributions and levies will be the subject of a sweeping review as the Berejiklian government steps up attempts to boost Sydney's housing supply and local infrastructure in the face of a severe hit to the state's economy from the coronavirus pandemic. The government has appointed NSW...
Read MoreBuyers of off-the-plan apartments are beginning to bear the brunt of the COVID-19-led economic downturn with some struggling to settle on properties bought at the height of the market. According to a range of industry sources, some are now scrambling to secure finance, others are trying to find ...
Read MoreHomeowners were reselling their properties for more than $600,000 above the prices they paid for them in pockets of Sydney before coronavirus hit. An analysis of sales recorded over the December quarter showed about 92 per cent of Sydney vendors made a profit on their resales, but the gains were...
Read MoreAny Australian who is granted a six month deferral on loan repayments on their mortgage or other credit products, such as a credit card, will not have their credit rating affected as a result of that deferral, provided they were up to date with repayments prior to COVID-19. The industry ...
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Isolation has put property at the front of people’s minds with developers reporting a rising rate of new home inquiries. Home buyers are making virtual inspections of new homes and visiting property websites in increased numbers, despite the limitations imposed by coronavirus, according to...
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Few of us will be buying or selling property in coming weeks, given the practical challenges and the need for caution. But there will be owners who are motivated to sell. In some instances, they have already bought a replacement home and are keen to offload the current residence to avoid bridg...
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There will be no further delays to the introduction of a code that will make it easier for landowners and developers to build terraces and other medium-density homes, NSW Planning Minister Rob Stokes says. Despite the medium-density housing code coming into force two years ago, the introdu...
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Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential propert...
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with global stock markets swinging wildly from one extreme to the other as the coronavirus Covid-19 continues to spread, investors are feeling cold feet. But according to property experts, the tough economic climate could actually be viewed as a lucrative opportunity. “In times of economi...
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Oscar Ledlin went from washing dishes in a Thai restaurant at the age of 14, to pushing barrows of concrete at 18, to building a multimillion-dollar commercial construction company by 21. “I wanted to have a $50 million development portfolio before retirement,” he told the Heral...
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Our nation’s capital might have a reputation for its umpteen roundabouts and bland politicians, but Canberra is shaping up to be a rare real estate beast that is proving profitable both in the long and short term. “It can be very attractive for investors who are looking at capital gr...
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Kembla Grange will be split in half and renamed under a new Wollongong City Council proposal to create six new suburbs in West Dapto. Huntley and Avondale will also need to be split and given new names, as they are growing too large due to the rapid residential expansion in the area....
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Sydney is set for a fresh property boom, with both house and apartment prices predicted to skyrocket, passing the 2017 peak and chalking up record prices by the end of this year. Domain’s Property Price Forecasts – 2020, released Wednesday, predicts houses in Sydney will rise b...
Read MoreThe Reserve Bank of Australia has cut official interest rates by a quarter of a percentage point to a fresh record low of 0.5 per cent as it attempts to protect the Australian economy from the financial fallout of the coronavirus outbreak. Westpac was the first of the major banks to react to the...
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It’s been a decade in the planning, but so far the West Dapto field which was to become “the biggest private hospital and health precinct in NSW” remains a dusty construction site. However, that could soon change after a development application was recently lod...
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Koala Invest has helped another client in acquiring the perfect investment property. Our client wanted to buy a property with high rental income and rental yield and had certain other requirements: total investment of under $650,000 and minimum block size of 500 sq. meters. Based on the client&r...
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Koala Invest has helped another client in achieving the mile stone of acquiring their first family home. Our client wanted to buy a home for themselves and had certain requirements: total budget of under $750,000, minimum block size of 300 sq. meters with a minimum 12 m of frontage and a double ...
Read MoreMy first job out of university was as an analyst with a major global stockbroker with an exciting bunch of colleagues that would forecast the living daylights out of anything you might be interested in. For those of us who were over-keen and willing to work between Christmas and New Year...
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Sydney’s property bounce may have a whole lot more in it. The suggestion comes as the latest New South Wales building approval numbers reveal the state isn’t building anywhere near enough houses to satisfy demand. Property developer group Urban Taskforce said it s...
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Sydney real estate may cost an arm and a leg now but it will be a steal compared to the prices future generations will pay. Economic modelling has revealed home buyers could be paying prices of up to $7.5 million, on average, in some city council areas by the end of 2030 – double what they...
Read MoreProperty valuer Anna Porter has taken a contrarian view on Hobart, tipping the Tasmanian capital's housing bubble to burst in 2020. "Tasmania will be the market to really feel the pain for 2020," said Ms Porter in an outlook report for 2020 titled The Most Real 2020 Market Predictions ...
Read MoreThe buzz for first home buyers come January 1 is that thanks to the First Home Loan Deposit Scheme they might just get onto the property ladder sooner – and with a bite-sized deposit. But with the scheme limited to 10,000 in the first half of the year, combined with its salary cap and purc...
Read MoreAfter staging stronger-than-expected price rises in the past three months, the rate of growth in Sydney and Melbourne markets eased as the year ended, with the amount of listings and the dint in affordability deterring price-sensitive buyers. In the lead up to CoreLogic's Home Value Index offici...
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The year 2019 was "one of the stronger in recent times" for the Illawarra's commercial property market, an agent believes. Tim Jones, managing director of commercial sales at MMJ Wollongong said there was a sentiment that "not everything's going to the open market now - there's a fai...
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Prospective buyers in the Illawarra should get their finances in order, be confident and take advantage of stamp duty exemptions in 2020, agents suggest. Daniel Hastings, director and head auctioneer at MMJ Wollongong said the Illawarra property market started 2019 with the "finishin...
Read MoreSINGAPORE investors' love for Australian real estate was rekindled this year, with acquisitions up 20 per cent to US$3.4 billion driven by the transparent and deep market, good yields, freehold opportunities and cheap currency. "Australia has always been a treasure cove...
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Two sparkly new office towers, a variety of restaurants and shops, a green open space, and enhanced riverbank facilities are on the cards for a $2.1 billion Brisbane waterfront master plan. Announced this morning by the Queensland Government the development will be helmed by property group Dexus...
Read MoreAlthough the South East Queensland property market will have improved capital growth in 2020, investors should steer well clear of new inner-Brisbane apartments, a leading research house says. Riskwise Property Research expects prices across Brisbane, the Gold Coast and Sunshine Coast ...
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Illawarra agents have shared their tips for up-and-coming suburbs and growth areas in 2020. Neil Webster from Stone Real Estate - Illawarra told the Mercury there were several suburbs throughout the region that he expected to enjoy a resurgence next year. "In the northern ...
Read MoreAdozen cranes branch into the sky where tenants Bri Voto and Jason Martin look out from their front porch. Their yard spills onto an empty block that touches James Ruse Drive, near where the highway crosses the Parramatta River. A plank forms a makeshift bridge over the railway at Camellia statio...
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Developer Mirvac and its joint-venture partner John Holland have won a tender to build the $800 million mixed-use Waterloo metro station in Sydney's inner south. Under the plan, the consortium will construct the station, three towers and two mid-rise buildings above and adjacent to the sta...
Read MoreCentral Coast properties are selling well above expectations at auction. The Central Coast auction market continues to perform strongly, with several properties selling for well above expectations. One block of land at 563B The Entrance Rd, Erina Heights sold for $1.63 million, a ...
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A series of nine high-rise towers, ranging from eight to 26-storeys, has been approved as part of Malaysian conglomerate Mulpha’s $1 billion masterplanned residential proposal for The Greens in Sydney’s Norwest. The project will deliver a total of 864 residential apartments, at 40 So...
Read MoreLong Jetty highlighted as top suburb for property sales consistency. A new report from Hotspotting.com.au has highlighted Long Jetty as one of the top suburbs in the nation for consistent property sales. With a median house price of $660,000, the trendy Central Coast hot spot has shown regu...
Read MorePrincipal Paul McDermott with Blue Haven students. The school recently won the coveted award of ‘Australia’s best public primary school’ at the Australian Education Awards. Picture: John Feder/The Australian. A Central Coast suburb with some of the most affordable property ...
Read MoreThe federal government has announced it will put billions of dollars towards significant projects across the country, accelerating major infrastructure investments in a bid to stimulate the nation’s economy. Dismissing the move as “panic” or “crisis measures&rdquo...
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Plans for up to 3,500 new homes in Sydney’s south-west are in place for surplus government land in Glenfield. Landcom, the New South Wales government property arm says it will transform the land around the existing Hurlstone Agricultural High School into a new housing development and commu...
Read MoreLow stock levels are pushing up prices for middle- and upper-range houses across the eastern seaboard as competition mounts before the end of the year. In Sydney's leafy Mosman, an investor paid $15,000 over reserve to beat four other bidders in the race for a one-bedroom apartment with wate...
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Canberra home prices are set to climb in 2020, even if economic conditions deteriorate nationally, according to a new report released today. In fact, under four scenarios explored by the Housing Boom and Bust Report for 2020, released by SQM Research, Canberra is the safest bet in the count...
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Sydney's premium market is poised to grow by 4 per cent in 2020, while Melbourne is set to rise by 3 per cent – trumping Vancouver, New York and Dubai – amid growing confidence bolstered by lower interest rates and limited supply pipeline, the Knight Frank Prime Global Forecast 2020 s...
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The cranes rising in the air above Parramatta are set to give way to towers up to 67 storeys over the next decade as the skyline of Sydney's fast-growing second CBD continues to take shape. The City of Parramatta Council, which is overseeing an unprecedented wave of public and private investment...
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A collection of 32 prominent business and sports personalities have urged premier Annastacia Palaszczuk to commit to south-east Queensland's bid for the 2032 Olympics, which is due by the end of the month. The state government previously unveiled soft infrastructure plans and confirmed t...
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Townhouses and apartment blocks are no longer welcome in Brisbane’s character suburbs after the Brisbane City Council voted to protect single house blocks under a two-year protection order. The temporary local planning instrument, aiming to stop larger developments from moving into...
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Australia’s housing market is now five months into its recovery, as Sydney and Melbourne drive the turnaround with values up by 2.7 and 2.2 per cent respectively for the month of November. The national index recorded an increase of 1.7 per cent for the month, with all capital citie...
Read MoreIn the next 17 years, Sydney's population is expected to grow by 1.5 million people, a large percentage of whom will pour into the south-west growth corridor. This has communities like Wilton, which are outside the boundaries of metropolitan Sydney, concerned that their semi-rural li...
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The housing market recovery in the country's two biggest cities are now having a knock-on effect in a number of regional locations around Sydney and Melbourne, with median house prices expected to increase over the next three years. Regional areas have fared better than many metropolitan...
Read MoreOwners of units in Sydney's Opal Tower are seeking millions of dollars in compensation from the State Government in a class-action lawsuit. Owners of units in Sydney’s Opal Tower are seeking millions of dollars in compensation from the State Government in a class-action lawsuit. In do...
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They believe the Queensland capital will see eight per cent increases next year, above the six forecasted for the two major capital city markets. Westpac suggest the strong momentum in Sydney and Melbourne will fade as affordability issues re-emerge and population slows. Brisbane is well positi...
Read MoreKoala Invest has helped another of its client in finding the perfect Investment home. Our client was searching for a dual occupancy under $600k with a block size of at least 500m and garages for both units. We presented a range of options in the Newcastle region that offered excellent rental yi...
Read MoreInvestors in the Asia Pacific are doubling down on markets that are “large, liquid and defensive” as real estate globally enters a period of slower growth, according to a 2020 Asia Pacific real estate forecast published by PwC and the Urban Land Institute. Sydney and Melbourne rank i...
Read MoreSydney and Melbourne dwelling prices are forecast to drive the nation’s housing market bounce back next year. SQM Research tips Sydney could rise between 10 to 14 per cent and Melbourne 11 to 15 per cent over 2020. The latest Housing Boom and Bust Report expects most of Australi...
Read MoreHave you been diligently eyeing real estate in Newcastle and the Central Coast? If the answer is yes - you've been doing your homework! In the midst of the nation's record-breaking property downturn, these two beautiful regions - packed with vineyards and exquisite coastlines - have experienced c...
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The hardest part of buying a property in Australia isn't necessarily affording the sky-high prices – it's mustering up enough cash to cover a 20 per cent deposit for a loan. The hardest part of buying a property in Australia isn’t necessarily affording the sky-high prices – i...
Read MoreThe Australian property market looks set for another crazy ride according to the Reserve Bank of Australia (RBA) which is forecasting another price boom. Australian property is in for another crazy ride. (Photo by Koichi Kamoshida, Getty Images) The Australian property market looks set fo...
Read MoreRent prices nationally have been fairly steady across houses and units over the last quarter, but one market is seeing falls. Sydney’s west is meant to be an investor’s market – but rent prices are falling. Source: Getty Rent prices nationally have been fairly steady across ...
Read MoreHousehold lending has increased over the last quarter Interest rates are helping first home buyers to get into the market. The HIA said figures released by the Australia Bureau of Statistics this wee...
Read MoreCEO Susan Mitchell of Mortgage Choice said investors are driving the rise in home loans. The latest data from the ABS reveals that, in seasonally adjusted terms, there was an increase in the number and value of home loans to owner-occupiers and an increase in the value of loans to inve...
Read MoreMelbourne and Sydney house prices could return to peak levels over the next three years, economists are predicting. With a quicker-than-expected turnaround since the market slump between 2017 and 2019 in both capitals, pressure is now increasing on those looking to get into the market. &nbs...
Read MoreWhen the Bahadur family moved into their new home in Melbourne's booming outer west four months ago, they dreamed of suburban bliss. But it turned out to be a nightmare. PHOTO: Binod and Namrata Bahadur say they feel trapped in their new outer-Melbourne home. (ABC News: Elias Clure) ...
Read MoreIt’s nice to believe we’re unique but, in truth, human patterns of behaviour are predictable. This isn’t always a bad thing – particularly for professional advisors like me who’ve operated in a specialist field for some years. It’s nice to believe we’r...
Read MoreThere will be a million arguments as to why you should rentvest and then another million as to whether you should by a home – but the real danger is doing nothing. Previous Some decades back the Great Australian Dream had aspirational young Aussies following a familiar path when it came ...
Read MoreConfidence in Canberra’s property market has grown by 21 index points to 144 over the past quarter, defying a national downward trend. Confidence in Canberra’s property market has grown by 21 index points to 144 over the past quarter, defying a national downward trend. House price...
Read MoreWe often hear about where house prices are growing and falling the most, but there are a clutch of suburbs across Australia’s capitals where prices are still at the same point they were five years ago. We often hear about where house prices are growing and falling the most, but there are...
Read MoreThe Reserve Bank of Australia (RBA) cut the official cash rate on Tuesday to 0.75%, and gave its strongest indication now that it might go to 0%. Australia is headed out to the economic unknown for the first time. (Photo by Paul Kane, Getty Images) The Reserve Bank of Australia (RBA) cut the ...
Read MoreThe price of property in Canberra is rising, according to new figures. On mainland Australia, the ACT is the only state or territory where prices of homes (whether houses or flats) are higher than they were a year ago, according to CoreLogic which tracks property prices. ...
Read MoreHouse values in Sydney and Melbourne jumped by 1.9 per cent in September as other capital city property markets struggled to gain traction on the back of the Reserve Bank's cuts in official interest rates. House values in Sydney and Melbourne jumped by 1.9 per cent in September as other capita...
Read MoreThe Reserve Bank has driven its official cash rate below 1 per cent for the first time as it battles to head off rising unemployment and stimulate a stalling economy. The Reserve Bank has driven its official cash rate below 1 per cent for the first time as it battles to head off rising unemplo...
Read MoreAustralia’s “generation rent” is a growing breed, but property and finance experts believe there is light at the end of the tenant tunnel for those who can think outside the box. A growing number of Australians are becoming part of ‘Generation Rent’. Picture...
Read MoreReserve Bank governor Philip Lowe has signalled further cuts to interest rates as early as next week to keep ahead of tumbling global rates while urging the nation's businesses to use the abundance of cheap money to expand and hire more staff. Reserve Bank governor Philip Lowe has signalled fu...
Read Moreweak Aussie dollar is delivering an 11.1% discount on Australian property for Chinese (Photo by China Photos, Getty Images) Chinese have ranked Australia as their number one destination to buy property, with 27% of tourists telling Chinese portal Juwai they’ll consider buying a propert...
Read MoreThe Commonwealth Bank, the nation’s biggest lender, slashed its fixed rates by up to 90 basis points across its mortgage range as the battle for market share among the major banks intensifies. The Commonwealth Bank, the nation’s biggest lender, slashed its fixed rates by up to 90 b...
Read MoreFirst home buyers, astute investors and optimistic land bankers are narrowing in on property in Badgerys Creek and neighbouring suburbs due to expected price growth following the eventual development of the Aerotropolis. Nestor and Rebecca Chan are looking to buy in Badgerys Creek or a neigh...
Read MoreProperty developer Ralan Group's collapse has left thousands of investors facing financial ruin PHOTO: Former Ralan salesman Stanley Xie. (ABC News: Jerry Rickard) Stanley Xie feels angry and frustrated. Most of all, he feels a sense of guilt. “Because of me, they lost their ...
Read MoreShayher Group has picked up two campus-style office buildings in Sydney’s inner west less than a month after its near-$100 million acquisition of the historic Bulimba Barracks site in Brisbane. The Taiwanese-backed developer secured the two buildings at 2-6 Cavill Avenue in Ash...
Read MoreAn overwhelming 81 per cent of Australia’s buildings are more than 10 years old. As demand for new buildings and spaces increases, repurposing existing developments is now a timely investment for many property owners and developers. An overwhelming 81 per cent of Australia’s buildi...
Read MoreNew research reveals the top 100 areas across Australia where property investors could find higher rental returns and positively-geared investments. New research reveals the top 100 areas across Australia where property investors could find higher rental returns and positively-geared i...
Read MoreFrasers Property has purchased a 43-hectare land parcel from a private syndicate in Melbourne’s west for $27.5 million. Frasers Property has purchased a 43-hectare land parcel from a private syndicate in Melbourne’s west for $27.5 million. The land buy marks the second major Melbo...
Read MoreThe Queensland government has launched a parcel of development-ready land within the 200-hectare Gold Coast Health and Knowledge Precinct at Southport. The Queensland government has launched a parcel of development-ready land within the 200-hectare Gold Coast Health and Knowledge Precin...
Read MoreSingaporean co-living operator Hmlet has raised $55 million to accelerate its expansion along Australia’s east coast, with “immediate” plans to launch co-living properties in Sydney, Melbourne and Brisbane. Singaporean co-living operator Hmlet has raised $55 million to ...
Read MoreDemand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. Demand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. Up to $26.5 billion worth of housing finance commitments were made in July this year, mar...
Read MoreSydney's emerging greenfield suburbs such as Gledswood Hills, Oran Park, Gregory Hills and Leppington are benefiting from future infrastructure hotspots such as the Aerotropolis, Western Sydney International Airport and Sydney Science Park. Sydney’s emerging greenfield suburbs su...
Read MoreDemand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. Demand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. Up to $26.5 billion worth of housing finance commitments were made in July this year, mar...
Read MoreBrisbane is on the cusp of a mini boom with house prices set to “accelerate” over the next three years. Houses and apartment buildings are seen in the Brisbane suburbs of Paddington. BRISBANE is on the cusp of a mini-boom with house prices set to “accelerate” o...
Read MoreFive of Sydney's 15 major regions are bearing the brunt of the population boom, having absorbed well over half of the city's growth during the past two decades. Five of Sydney’s 15 major regions are bearing the brunt of the population boom, having absorbed well over half of the city&...
Read MoreEast Maitland will be one of the Hunter’s ‘catalyst areas’ in the next 20 years, setting targets for 1750 extra jobs, 550 extra homes and improved transport connections between Green Hills shopping centre and new hospital site. East Maitland will be one of t...
Read MoreEast Maitland will be one of the Hunter’s ‘catalyst areas’ in the next 20 years, setting targets for 1750 extra jobs, 550 extra homes and improved transport connections between Green Hills shopping centre and new hospital site. East Maitland will be one of t...
Read MoreDual income properties have become a popular investment strategy in recent years. Increased property prices have forced many out of the market, causing a surge in demand for alternative living arrangements. Dual income properties have become a popular investment strategy in recent years.&nbs...
Read MoreCanberra construction giant Geocon has signed an agreement with Marriott International regarding its $200 million Midnight hotel in the inner-city suburb of Braddon. Canberra construction giant Geocon has signed an agreement with Marriott International regarding its $200 million Midn...
Read MoreHouse prices increased across five of Australia’s eight capitals over August, the latest confirmation of the ongoing turnaround in residential market conditions. House prices increased across five of Australia’s eight capitals over August, the latest confirmation ...
Read MoreLendlease’s engineering arm is for sale following being hit by losses and concern private contractors had been taking excessive risks to win low-margin work, the unit is still taking on projects deemed lower risk. Lendlease Engineering and joint venture Partner CPB Contractors hav...
Read MoreResidential rental yields remain low in Australia’s biggest capital cities, so it is little wonder dual income properties appeal to investors seeking to maximise their returns. Residential rental yields remain low in Australia’s biggest capital cities, so it is little wonder dual i...
Read MoreThe NSW Government is pushing ahead with changes to the rules governing construction certificates, occupation certificates and the supervision of building work. The NSW Government is pushing ahead with changes to the rules governing construction certificates, occupation certificates and the su...
Read MoreThe new ‘Astra Aerolab’ will house maintenance and support services for Australian fighter jets The NSW government has announced $11.7 million in funding to create a defence, aviation, aerospace and technology precinct in the Hunter region. NSW Deputy Premier John Barilaro mad...
Read MoreDevelopment of a new high-tech hub at Williamtown could begin as early as next month after Newcastle Airport bought land for the project. Parliamentary secretary for the Hunter Scot MacDonald, deputy NSW premier John Barilaro and Newcastle Airport CEO Dr Peter Cock at the announcement of...
Read MoreThe cost of congested roads and over-crowded public transport systems will double unless governments do more than just play "catch up" on transport projects, Australia's infrastructure advisory body has warned. The cost of congested roads and over-crowded public transport systems will double...
Read MoreGreater Newcastle's population could increase to more than 1.8 million by 2056 if a regional growth plan was adopted by governments to more widely distribute the future population settlement pattern, a report from the Regional Australia Institute says. Greater Newcastle’s popul...
Read MoreQueensland’s booming industrial market has continued to strengthen with population growth, e-commerce and infrastructure projects acting as key market drivers. Queensland’s booming industrial market has continued to strengthen with population growth, e-commerce and infrastructure...
Read MoreCity of Parramatta Council is one step closer to the construction of 5 Parramatta Square, the City’s new civic, cultural and community building, after it received endorsement from the Council to lodge a Development Application (DA) for the building. City of Parramatta Council is one step...
Read MoreNewcastle University has unveiled plans for its grandest infrastructure investment, a $200 million "flagship" multi-discipline building at its Callaghan campus. Newcastle University has unveiled plans for its grandest infrastructure investment, a $200 million “flagship” multi-d...
Read MoreFLYING HIGH: Cessock Airport could become a commercial aviation hub. Maitland and Cessnock’s economies are poised to cash in on plans to expand Cessnock Airport, which could result in big tourism and business bucks for the two leading Hunter hubs. ...
Read MoreGeocon has won approval for its landmark $200 million city project, paving the way for another 520 apartments to be added to the Canberra skyline. Geocon has won approval for its landmark $200 million city project, paving the way for another 520 apartments to be added to the Canberra skyline...
Read MoreWhen Isaac Karachepone moved to Canberra a year ago, moving into an inner-city apartment was a no-brainer. When Isaac Karachepone moved to Canberra a year ago, moving into an inner-city apartment was a no-brainer. And the fact that the apartment he eventually rented in the New...
Read MoreFender Katsalidis, the architects behind Canberra’s NewActon precinct, has signed a contract to lead the design of the mixed-use Kingston Arts Precinct development. Fender Katsalidis, the architects behind Canberra’s NewActon precinct, has signed a contract to lead the design of th...
Read MoreAfter a two-year slide, Australian house prices look to have bottomed out, sending buyers flocking back to the market. After a two-year slide, Australian house prices look to have bottomed out, sending buyers flocking back to the market. Case in point: An auction for a four-bedro...
Read MoreSydney’s largest correction in house prices since the 1980s appears to be near its end, with prices increasing in more than half of the city’s regions in the June quarter, new data shows. Sydney’s largest correction in house prices since the 1980s appears to be ...
Read MoreResidents of Melbourne's partially completed super-skyscraper Australia 108 have expressed concerns over the structural integrity of the building, claiming to have experienced loud cracking sounds among a number of other defects. Residents of Melbourne’s partially completed super-skyscra...
Read MoreFour apartment blocks at the centre of Sydney’s building standards crisis were signed off by private certifiers who have a track record of disciplinary action against them. Four apartment blocks at the centre of Sydney’s building standards crisis were signed off by private certifie...
Read MoreMelbourne’s biggest property downturn since the 1980s appears to be at an end, with the latest figures showing a rise in both house and unit prices for the first time in 18 months. Melbourne’s biggest property downturn since the 1980s appears to be at an end, with the latest figure...
Read MoreHundreds of Gold Coast and Sydney off-the-plan apartment buyers have been caught out by the collapse of one of the country's biggest private developers, William O'Dwyer's Ralan Group. Hundreds of Gold Coast and Sydney off-the-plan apartment buyers have been caught out by the collapse of one of...
Read MoreSydney home values have grown again for the second month in a row after falling for nearly two years. The median price of all dwellings, including units, townhouses and houses, increased 0.2 per cent over July, CoreLogic’s latest home value index showed. This was an improvement on the 0.1...
Read MoreProperty developers have scrambled to get their hands on a site in the master planned Warnervale town centre on the Central Coast, with the sale going to a Hong Kong buyer. Another development site in the Warnervale Town Centre has been sold with a parcel of Woongarrah land collecting $6.4 m...
Read MoreThree more lenders have announced cuts to their interest rate floors for home loan serviceability assessments in response to APRA’s new guidance. Bendigo and Adelaide Bank, the Bank of Sydney and Auswide Bank have made changes to their mortgage serviceability assessment policies. The ch...
Read MoreInvestors and first-home buyers are reporting the first flickers of FOMO as parts of the property market start to turn and buyers move to get in at the bottom. Investors and first-home buyers are reporting the first flickers of FOMO as parts of the property market start to turn and buyers move...
Read MoreSydney’s property price falls slowed in the June quarter, while Melbourne’s median house and unit price increased, a move marking the first uptick in value since late 2017 for the Victorian capital. Sydney’s property price falls slowed in the June quarter, whi...
Read MoreHave you been renting for years, feeling like buying a property is getting further and further out of reach? Have you been renting for years, feeling like buying a property is getting further and further out of reach? Despite the recent dip in property prices, the median price in Sydney is ...
Read MoreTwenty years ago about a quarter of Australians — 27 per cent — rented, but this figure has increased as the number of Australians owning their own home has fallen. Twenty years ago about a quarter of Australians — 27 per cent — rented, but this figure has increased as ...
Read MoreA fourth Sydney unit block has been abandoned after the developer failed to undertake adequate remediation of the site — building 127 apartments and townhouses on contaminated ground. A fourth Sydney unit block has been abandoned after the developer failed to undertake adequate rem...
Read MoreGreat news from one of our clients with tenants found for their new investment home in Cliftleigh, NSW on the same day of settlement, a KOALA INVEST RECORD!! HAPPY CLIENTSNEW SOUTH WALESPROPERTY AND INVESTMENT NEWS Related Posts Inner Brisbane Apartment Market to Stabilise in 2...
Read MoreMeriton head Harry Triguboff is making his next move, into the Canberra market. Harry Triguboff’s Meriton empire has made its first move into the Canberra market after 56 years in the business, acquiring a site to build a 17-level, five-star hotel in the city’s CBD. The Australi...
Read Morefacebook twitter linkedIn A five-storey “new generation” boarding house has been proposed in Potts Point on a garage site about a quarter of the size of a tennis court. A five-storey “new generation” boarding house has been proposed in Potts Point on a garage site abo...
Read MoreA flurry of new office buildings has been added to the construction pipeline in a rapidly gentrifying pocket of Sydney’s inner-south, as weak retail activity and a flat residential market sees developers changing tack. A flurry of new office buildings has been added to the construction...
Read MoreMany landlords and property investors are transforming tired commercial buildings into prime urban real estate. So how can you take advantage of this trend? Many landlords and property investors are transforming tired commercial buildings into prime urban real estate. So how can you take adv...
Read MoreBrisbane’s office towers have been hit by the double whammy. Brisbane’s office towers have been hit by the double whammy. Supply has soared with three new towers, started enthusiastically years ago, all being completed in a market where demand is weak due to the collapse in resou...
Read MoreMore Happy Clients have found their perfect investment with Koala Invest's assistance Koala Invest has helped another of its clients in finding the first perfect investment property. Our client was searching for a good investment property with higher rental yields. We presented a range of ...
Read MoreA big four bank has updated its home loan serviceability assessment policy in response to APRA’s regulatory amendments. A big four bank has updated its home loan serviceability assessment policy in response to APRA’s regulatory amendments. ANZ has announced that it wil...
Read MoreAn investor-led building boom has almost doubled the size of the Sydney apartment rental market in two years, forcing landlords to drop rents more than $100 a week in some areas to secure tenants, and casting a shadow over the thousands of units still under construction. An investor-led bu...
Read MoreAn inner Sydney apartment building remains abandoned eight months after its occupants were evacuated over water and fire safety defects, in revelations expected to deliver a fresh blow to confidence in the city's building standards. An inner Sydney apartment building remains abandoned eight mo...
Read MorePremier Gladys Berejiklian says the system of regulation in the building industry is not working after the Herald revealed the evacuation of a third apartment building in Sydney. Premier Gladys Berejiklian says the system of regulation in the building industry is not working after&nb...
Read MoreA key constraint on borrowing limits that were put in place during the property boom has been removed by the banking regulator. It's another move that may stimulate the soggy mortgage market. A key constraint on borrowing limits that were put in place during the property boom has been remo...
Read MorePremier Gladys Berejiklian says the system of regulation in the building industry is not working after the Herald revealed the evacuation of a third apartment building in Sydney. Premier Gladys Berejiklian says the system of regulation in the building industry is not working after&nb...
Read MoreThe Australian Prudential Regulation Authority has removed the serviceability buffer that required banks to assess all borrowers against their capacity to repay the loan at 7 per cent. The change – effective immediately – was flagged by The Australian Financial Review&...
Read MoreThe housing recovery is gaining momentum as buyers, buoyed by better borrowing conditions, stake their claim in a smaller pool of homes on the market. The housing recovery is gaining momentum as buyers, buoyed by better borrowing conditions, stake their claim in a smaller pool of h...
Read MoreMillennials are not all the frivolous, avocado-smash-buyers they’re made out to be – meet the young Australians shaking off the stereotype and leaving their mark on the property market. Millennials are not all the frivolous, avocado-smash-buyers they’re made out to be –...
Read MoreEvery journey to home ownership is different and it didn’t take Cerise Canon long to realise the appeal of buying a house and land package in one of Australia’s growth corridors. Every journey to homeownership is different and it didn’t take Cerise Canon long to realise the a...
Read MoreWhat has the best investment outlook – a house on a big block of land on the edge of suburbia or small yet affordable house closer to town? What has the best investment outlook – a house on a big block of land on the edge of suburbia or small yet affordable house closer to tow...
Read MoreThe Reserve Bank has cut the official cash rate for the second month in a row to a fresh record low of 1 per cent as it desperately tries to pump some juice into Australia’s stalling economy. The Reserve Bank has cut the official cash rate for the second month in a row to a fresh recor...
Read MoreThere’s a light at the end of the tunnel in Melbourne’s property market, which has shown positive signs in recent weeks as it shivers through wintry conditions. the fog could soon be lifting from Melbourne’s property market. Picture: Nicole Garmston There’s a lig...
Read MoreLeading property analysts believe the Sydney market will bottom out by spring and hit positive territory by the end of the year, on the back of a "confidence boost" from the Coalition's surprise election victory. Leading property analysts believe the Sydney market will bottom out by spring and...
Read MoreHouse prices in suburbs along the new Sydney Metro Northwest train line have grown by almost triple the national average — and the new transport link has been credited as a significant driver. House prices in suburbs along the new Sydney Metro Northwest train line have grown by almost tr...
Read MoreAuction volumes across the country last week recorded their strongest numbers in 12 months. Auction volumes across the country last week recorded their strongest numbers in 12 months. Data firm Corelogic recorded a national clearance rate of 66.4 per cent from close to 1,500 auction...
Read MoreDespite a cooling housing market over the past 12 months, many of the housing challenges that have plagued Australians in recent years show no signs of diminishing. Despite a cooling housing market over the past 12 months, many of the housing challenges that have plagued Australians ...
Read MoreConstruction of 191,550 new homes in Greater Sydney is forecast in the next five years, a 22 per cent increase, or an extra 34,300 new homes, with Parramatta anticipated to become home to a vast majority of them. Construction of 191,550 new homes in Greater Sydney is forecast in the ne...
Read MoreDeveloper value-add incentives like rebates and low deposit terms have had little effect on Melbourne’s land market, with lot sales for the March quarter down 59.5 per cent from 2018. Developer value-add incentives like rebates and low deposit terms have had little effect on Melbourne&rs...
Read MoreOver a lifetime your financial position and priorities develop and change.The typical pathway starts with saving, accumulating wealth in your working years, and then spending your retirement enjoying the results of your hard work. Over a lifetime your financial position and priorities develo...
Read MoreWith cash rate cuts well and truly priced in and a widely-reported improvement in sentiment, Australia’s housing market is looking like it may bottom out earlier than expected. With cash rate cuts well and truly priced in and a widely-reported improvemen...
Read MoreWhen you purchase a property and rent it out to university students, you can often get a higher-than-average rental yield for the area. According to the Knight Frank 2018 Australian Student Accommodation Insight Report, a number of property investors have already entered the student acc...
Read MoreAre you claiming all you’re entitled to at tax time? Find out what tax deductions you can claim on an investment property and maximise your deductions this June 30. Are you claiming all you’re entitled to at tax time? Find out what tax deductions you can claim on an investment pr...
Read MoreAre you a home owner looking to buy an investment property? You may be able to use the equity in your home as a deposit to buy the property without using your own cash. Are you a homeowner looking to buy an investment property? You may be able to use the equity in your home as a de...
Read MoreIt's now more expensive to rent a house in Hobart than Melbourne, with rents rising in the Tasmanian capital 7.1 per cent over the quarter. It’s now more expensive to rent a house in Hobart than Melbourne, with rents rising in the Tasmanian capital 7.1 per cent over the quarter. W...
Read MoreCanberra turns 106 today (Canberra Day) and our nation’s capital, which was officially named in March 1913, is stacking up against Sydney and Melbourne in terms of its affordability as an investment option. Canberra turns 106 today (Canberra Day) and our nation’s capital, which w...
Read MoreWhere you want to live is not always where you can afford to live. Rentvesting lets you live where you want, while getting a foot on the property ladder. Where you want to live is not always where you can afford to live. Rentvesting lets you live where you want while getting a foot on the pr...
Read MoreThe former home of the Terranora Lakes Country Club owned by hospitality heavyweights Godfrey and Jenny Mantle has come to market with project approval for more than 1600 residential lots. Spanning a significant 184-hectares of land in northern New South Wales, and located seven-kilometres fro...
Read MoreBucking the nationwide trend of falling capital city house prices, Canberra’s market is only just warming up. Bucking the nationwide trend of falling capital city house prices, Canberra’s market is only just warming up. There has never been a better time to live, work or i...
Read MoreInvestment activity in the Gold Coast office market was subdued in 2018 with few assets on offer, although Knight Frank expects the tide to change this year with around $90 million in assets hitting the market in 2019's first quarter. Investment activity in the Gold Coast office market was sub...
Read MoreBrisbane’s apartment market has been steadily declining since 2016, but as supply and demand rebalance, inner Brisbane’s apartment market is expected to stabilise this year and into 2020. Brisbane’s apartment market has been steadily declining since 2016, but as supply and de...
Read MoreThe Federal Court of Australia has frozen a suspected land banking scheme in Melbourne that raised more than $10 million from investors, after an application by the Australian Securities & Investments Commission.The scheme is operated by Broadmeadows-based Askk Investment Group. It ...
Read MoreInitial site investigations for Melbourne's $50 billion Suburban Rail Loop will start in the second half of 2019 with specific station locations for the underground network yet to be finalised. Initial site investigations for Melbourne’s $50 billion Suburban Rail Loop will start in the s...
Read MoreThe Sunshine Coast will open up to more airborne visitors as a result of the construction of a new airport runway, generating demand for more tourism accommodation and services. The Sunshine Coast will open up to more airborne visitors as a result of the construction of a new airport runway, g...
Read MoreWhy do we believe we’ll see increasing investor interest in this market? Strong population growth, a diversified and growing economy, and substantial investment in infrastructure should combine to boost demand. Why do we believe we’ll see increasing investor interest in this mark...
Read MoreBrisbane has just earned the title of Australia’s top capital for price growth in the luxury residential market for the first time. Brisbane has just earned the title of Australia’s top capital for price growth in the luxury residential market for the first time. The city surpasse...
Read MoreBrisbane is like a car where the engine is revving but it can’t move forward because the handbrake is on. The city’s property market is poised for an up-cycle but, according to the generalised price data published in mainstream media, it’s not yet happening. Brisbane is lik...
Read MoreProperty markets across the country have been given a shot in the arm, with Australia’s banking regulator announcing its plans to relax the assessment rate for home loans. Property markets across the country have been given a shot in the arm, with Australia’s banking regulator an...
Read MoreIn a move that is most likely to benefit owner-occupiers and the wider property market, the Australian Prudential Regulation Authority is proposing the 7 per cent serviceability buffer on home loans be removed. In a move that is most likely to benefit owner-occupiers and the wi...
Read MoreSydney and Melbourne dwelling values have now recorded respective falls of 14.5 per cent and 10.9 per cent since peaking in late 2017. But, as the downturn becomes “geographically diverse” with more regions across the country recording declines in values, CoreLogic’s index re...
Read MoreSydney's rental vacancy rate has lifted to 3.4 per cent in April with nearly 8,000 homes across the city emptying over the past year. Sydney’s rental vacancy rate has lifted to 3.4 per cent in April with nearly 8,000 homes across the city emptying over the past year. Data released by SQ...
Read MoreThere was very little directly related to housing in this year’s Federal Budget, however regional Australia is the clear winner. There was very little directly related to housing in this year’s Federal Budget, however regional Australia is the clear winner. More sp...
Read More$649 million redevelopment in Sydney’s Cockle Bay, announced more than three years ago but left up in the air due to overshadowing concerns, has been given the green light by the state’s independent planning commission. A $649 million redevelopment in Sydney’s Cockle Bay, a...
Read MoreTuggerah Lakes Private Hospital (TLPH), the former Wyong Shire’s newest major health facility, has moved closer to completion, with staff announcing that the hospital will open in May. Tuggerah Lakes Private Hospital (TLPH), the former Wyong Shire’s newest major health fa...
Read MoreYoung couples are securing Sydney homes while still living a high life of holidays and expensive dinners by using a clever home building strategy that minimises their mortgage obligations. Young couples are clawing their way onto Sydney’s elusive property ladder without skimping on luxur...
Read MoreNanshan has lodged plans with council for the progressive development of the 227-hectare site into a masterplan for 300 homes, a hotel precinct with a 150-key hotel and an internal road network and landscape strategy. Chinese investor Nanshan Group has plans to spend $225.5 million developing ...
Read MoreMigration data which was recently released by the ABS showed that as of June 2018, an estimated 17,650,130 residents of Australia were born in Australia. Migration data which was recently released by the ABS showed that as of June 2018, an estimated 17,650,130 residents of Australia were bor...
Read MoreDwelling sales were down in four of the five Queensland regions over the year to November 2018 with the Wide Bay region the only location to see an increase in home sales (2 per cent). Queensland’s rental market saw advertised rental rates rise over the year to December 2018 with the e...
Read MoreState and local governments collected a whopping $30.293 billion worth of property tax revenue over the 2017-18 financial year. If you were to compare these statistics to what was published last year, the figures would be vastly different. Previously, the ABS included stamp duties on conveyance...
Read MoreThe first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by 1 per cent during the first three months of the year. “This seasonally strong first quarter has delivered the highest incre...
Read MoreOne of the city’s oldest commercial buildings will be incorporated into Maitland City Council’s $43 million civic precinct development which will include significant improvements to the town hall and the construction of a new administration building. General Manager D...
Read MoreThe NSW State Government have announced plans to change stamp duty price brackets. From 1 July 2019, stamp duty price brackets will be pegged to CPI (Consumer Price Index) resulting in savings for property buyers. Initial savings would be anywhere between $200 to $600 with those savings increasi...
Read MoreA new commercial development at Macquarie Park has been labelled “Australia’s first community business district” by the developers who will commit $750 million to the project. A new commercial development labelled “Australia’s first community business district&r...
Read MoreMore Happy Clients have found their perfect investment with Koala Invest’s assistance Koala Invest has helped another of its client in finding the perfect Investment home through SMSF. Our client was searching for a dual occupancy under $650k with a block size of at least 600m2. We pre...
Read MoreResidential development at Lake Munmorah and a proposal to rezone land at Wallarah for employment uses and environmental conservation, are outlined in the Interim Darkinjung Development Delivery Plan Central Coast Council is currently progressing three Darkinjung planning proposals. Projects a...
Read MoreA Notice of Motion from Councillor Greg Best called for council to engage all levels of government in the timely lead-up to the 2019 elections, taking a “whole of lakes” approach through triggering a much needed 2020 Tuggerah Lakes Restoration Project. Central Coast Councillors v...
Read MoreThe government’s property management agency, Property NSW, is calling for expressions of interest to lease office space for more than 4000 staff from 2022. The NSW Government is on the hunt for up to 45,000 square metres of new office space in Parramatta. The gover...
Read MoreAustralian property values fell $133.1 billion in the December quarter, with capital city home prices down an average of 2.4 per cent across the nation. Australian property values fell $133.1 billion in the December quarter, with capital city home prices down an average of 2.4 per cent acros...
Read MoreDeveloper Celestino’s plans are on track to develop Australia's first smart city, Sydney Science Park in Western Sydney. Celestino and the University of Technology Sydney (UTS) met with transport and infrastructure experts along with technology providers on Friday to discuss how autonomous ...
Read MoreThe new Maitland Hospital could open as early as 2022, with the successful contractor and project manager announced on Wednesday.The new Maitland Hospital will be almost twice the size of the existing hospital, delivering on the NSW Government’s commitment to improve regional access to qu...
Read MoreA joint project by AA Crown Holdings and Northside Group, the $350m Northside Private Hospital and medical precinct will deliver world class medical services to complement Gosford’s existing public hospital. A major new private hospital and health precinct is earmarked for Racecourse R...
Read MoreThousands of Sydneysiders are leaving their home suburbs for other parts of the city and the state with new figures revealing a slowdown in the capital's runaway population growth.Australian Bureau of Statistics data showed the Greater Sydney area added 93,411 residents through 2017-18, taking th...
Read MoreANZ Banking Group is loosening some of the clamps it put on interest-only mortgage lending in 2017, after pledging to reopen the door to property investors following a period of excessive caution. The big four lenders on Thursday said it would again start offering customers an interest-only peri...
Read MoreThe new Maitland Hospital will provide an extensive range of adult and paediatric services including emergency, paediatric, maternity, chemotherapy and state-of-the-art operating suites.Located on a greenfield site in Metford, the brand new $470 million Maitland Hospital is set to boast st...
Read MoreFamilies across the Hunter region will benefit from the redevelopment of John Hunter Hospital in Newcastle. As the major teaching and referral hospital for our region, this $780 million investment in John Hunter Hospital will also ensure locals can receive essential healthcare closer to home. ...
Read MoreDahua has bought one of the last large parcels of land in Point Cook. Related Posts NorthConnex Tunnel proceeding as planned November 1, 2017 The various hidden costs of buying an old house August 4, 2017
Read MoreThe project is set to generate 2000 new jobs and will be based at the Hunter Valley Economic Zone (HEZ), near Kurri Kurri at an estimated cost of 4 - 5 billion dollars. A Hong Kong investment firm says a deal has been signed to build two large coal-fired power plants ne...
Read MoreMore Happy Clients have found their perfect investment with Koala Invest's assistance Koala Invest has helped another of its client in finding the perfect Investment home. Our client from Melbourne was searching for a dual occupancy under $600k with a block size of at least 600m and garages ...
Read MoreCentral Coast Council is preparing to deliver one of the region’s most significant infrastructure projects – a nine kilometre water pipeline from Mardi to Warnervale. The $61million project will boost water supply to the Central Coast’s rapidly growing northern suburbs and ...
Read MoreThe Hunter region has an estimated 322,000 jobs and this is projected to increase to 384,000 by 2036. The Hunter has a GDP of $43 billion, substantially outpacing NT, TAS and ACT. This is in addition to urban development projects totalling nearly $4 billion dollars, vacancy rates in key areas as ...
Read MoreNow is the time to invest in Central coast region as NSW Government pledges $2.8 billion on new infrastructure. With creation of 5000 new homes, around 10,000 jobs created during construction of the project and more than 2,500 permanent local positions available as a result, this initial stage ...
Read MoreNSW Education Minister Rob Stokes has reassured parents that the new Warnervale Public School is on track to be completed by late 2021. Mr Stokes was responding to concerns by Central Coast P and C president Sharryn Brownlee that the school plan might have been delaye...
Read MoreScores of apartments in a multimillion-dollar Sydney complex will be sold in one line by receivers after the project’s developer fell victim to Australia’s property slump. In a further sign of cracks in the apartment market, receivers and managers Newpoint Advisory are selling 61 uni...
Read MoreThe Australian banking regulator will remove restrictions on interest-only mortgage lending for some Australian banks from January 1 next year. APRA says macroprudential restrictions have “helped to reduce the risks associated with the high level of household indebtedness, subdue...
Read MoreFleet leasing executive Rebecca Crowley knew it was time to get out of Sydney when her landlord raised the rent on her two-bedroom apartment in Surry Hills to $900 a week. She and her flatmate were already paying $807 a week. Her share accounted for 47 per cent of her take-home pay. So ...
Read MoreThe construction industry is one of the backbones of the nation's economy and, in recent years, residential building on the east coast has been a key driver of growth. Key points: Almost 1,700 construction businesses went bust last year, with big companies starting to fail Subc...
Read MoreMaitland’s population growth is showing no signs of slowing down, with more than 80,000 people now calling city home. Preliminary data released by the Australian Bureau of Statistics on Tuesday estimated that 81,235 people lived in Maitland as of June 30 last year, almost 2000 more people ...
Read MoreThe NSW Government has announced a crackdown on dodgy building certifiers as it tries to manage the fallout from Sydney's Opal Tower fiasco. Key points: Up to 30 per cent of certification work will be audited in NSW every year Corrupt certifiers or those who have negligently si...
Read MoreAs part of its housing affordability plans, the federal opposition has announced its plans to incentivise property investors should it come into power next year. On 16 December, Bill Shorten announced a $6.6 billion plan to address housing affordability, which directly involves incentives. ...
Read MoreMayfield’s Ruth Larkin and Amie Wilson were excited to hear in September that their new home, which had been under construction for the past 12 months, would be completed early. But just two months later, they fear they will soon have nowhere to live. ...
Read MoreThe NSW Government has a vision for vibrant and growing regional economies, providing NSW residents with more jobs, greater opportunities and better quality of life. Vision Many of our state’s regional areas have room to grow and are keen to draw in more investment, ...
Read MoreDesigns have been unveiled for the $200 million Wyong Hospital Redevelopment. When complete, the redevelopment will increase the service capacity of the hospital with an additional building and a revamp of some existing areas. There will be a new and enhanced Emergency Department; enhance...
Read MoreThe first images of the $300 million new Intercity Fleet maintenance facility at Kangy Angy have been released by the State Government. The controversial development has been the scene of protests by local residents who say their quiet area has been totally trashed by construction of the f...
Read MoreApartment buyer Tom Christensen, 31, said buying a Sydney unit off-the-plan has left him “scarred”. He and his partner bought the inner city property four years ago for $1.65 million and despite being contracted to be completed in 2015 it was only finished this year. “If we&rs...
Read MoreThe volume of housing stock listed for sale is currently higher, for this time of year, than it has been in many years. While total stock is elevated, newly listed stock remains at fairly similar levels to recent years which suggests that it isn’t a dumping of stock onto the market which ...
Read MoreFOR more than 100 years it was home to the Hunter’s first heavy industry, one of the region’s chief polluters. Now it appears Boolaroo could soon be home to Swedish retail giant IKEA and American wholesale shopping juggernaut ...
Read MoreIt has been 11 years since the first disturbing allegations began to emerge from the Grand Western Lodge boarding house in the small town of Millthorpe, near Orange, but the residents’ stories still send a shiver down the spine. ”The residents have told us how they were bashed up, to...
Read MoreNearly a third of Sydney’s newly completed units are now worth less than what their buyers will have to pay for them. Many of the homes were purchased at inflated prices agreed during the housing boom two years ago but dropped in value as the market slumped over the time it took to build...
Read MoreVacancy rates are starting to rise back after last month’s decline, new data shows The October 2018 edition of the REINSW Vacancy Rate Survey showed metropolitan Sydney vacancy rates were down 0.1 of a percentage point over the month to 2.1 per cent. Leanne Pilkington, presi...
Read MoreLow-rise medium-density housing, widely considered “the missing part” of NSW housing stock, could be the way forward as new concessions for developers kick in. NSW is currently experiencing consistent growth in townhouse development and a surge in medium-density viewership over the l...
Read MoreThe drive behind building more environmentally friendly residential homes is coming from individuals, not government bodies, and cookie-cutter developments are holding us back, according to a think tank assembled to address the issue of implementing sustainable design. The chair of the discuss...
Read MoreThe Sydney developer behind a $1.9 million boarding house complex planned for McLachlan Street has revealed he has two more proposed for Orange. Greg Kings said he would be developing a ‘boutique’ 14-room complex at 48 Molong Street and a larger “no more than 24 r...
Read MoreTwo boarding houses in Campbelltown have been approved by council last night but councillors have warned they don’t want to see the area flooded with the high-density accommodation. A nine-bedroom boarding house was approved for 1 Bocking Ave, Bradbury while a 15-bedroom boarding house...
Read MoreNSW-based developer Revelop Holdings have lodged a proposal with the City of Parramatta for an eight-storey boarding house. Designed by PBD Architects, Revelop have committed around $5 million to the project the site located at 109A Wigram Street, Harris Park – 30 kilometres from Sydney&...
Read MoreHousing affordability for low income workers in Wollongong has become a “serious and growing problem”, prompting a developer to pitch a plan to build what would become the city’s largest boarding house. Earmarked for the western edge of Wollongong’...
Read MoreAn iconic property in Smith Street Wollongong that has operated as a boarding house for more than 30 years, will be auctioned next month. The property at 65 Smith Street, is recognisable for the beautiful original home with a wrap-around verandah that sits beh...
Read MoreAUGUST 4, 2018 Two boarding house proposals, at Niagara Park and Wamberal, are currently being assessed by Central Coast Council, and a third, in Beane St, Gosford, has just been granted a construction certificate.A construction certificate has been granted for a $4m, 36-room boardin...
Read MoreAustralian home prices fell for a 13th consecutive month in October, driven by continued falls in Sydney and Melbourne, the largest and most expensive capital city markets. CoreLogic’s Home Value Index slid 0.5% — the same decline reported in September — leaving the decline o...
Read MorePart of the Snowy Hydro Legacy Fund is set to be spent on funding a new corridor for a “very fast train” between Canberra and Sydney. Key points: The NSW Government says the $4.2 billion fund will be used for rail and road connectivity, freight, aviation and digital connecti...
Read MoreFORCES are gathering for the Central Coast’s very own wave park. Millionaire properly developer Tony Denny would be willing to invest and Central Coast Council has committed to investigate potential sites. A wave park is a swimming pool with artificially generated, large waves simil...
Read MoreAn estimated $400m in Snowy Hydro Scheme funding is expected to be made available to Central Coast Council from the NSW Government’s sale of its share of the Snowy Hydro Scheme to the Federal Government. The NSW Snowy Hydro Scheme Legacy Fund has a $4.1b commitment for projects in region...
Read MoreCENTRAL Coast trainers are set to be the biggest beneficiaries of a $6 million master plan announced for Wyong Race Club today, with an all-weather training track headlining a huge investment in new and improved facilities. Punters can also expect a rather large increase in stabling capaci...
Read MoreSydney house prices will fall 5.1 per cent this year, and then tread water in 2019 with only a 0.6 per cent gain, according to forecasts by Moody’s Analytics and Corelogic. However, the correction in NSW won’t be uniform with more affordable areas like the Central Coast &nd...
Read MoreThe latest CoreLogic home value index results show the slowdown in the national market has become more broadly based with regional dwelling value growth continuing to slow. In this week’s Pulse we look at how values have changed over the past 12 months outside of the capital cities. Over...
Read MoreTHE Central Coast has been ranked in the top ten regional markets in the nation, and here is why. THE Central Coast property market is not only among the fastest-growing in the country, we also stand head and shoulders above the Sydney market. Such is the strength of our real estate portf...
Read MoreBRISBANE is on the brink of something big. Very big. A generational investment in infrastructure will transform Queensland’s capital over the coming decade. A host of major projects are underway or at an advanced stage of planning, which not only will help drive the state’s ec...
Read MoreIF YOU’RE looking for a rental property that pretty much pays for itself then these are the 40 Australian suburbs where you should start your hunt. Some might surprise you. IF YOU’RE looking for a rental property that pretty much pays for itself then these are the 40 Australian s...
Read MoreACT government investment in infrastructure projects has risen 10 per cent in the past year, largely due to the stage one light rail project, but it is expected to slow next year, as work on the project ends. The June quarterly Deloitte investment monitor shows the value of territory governmen...
Read MoreThe University of New South Wales Council has approved the strategic investment to develop a new research, education and innovation precinct in Canberra’s CBD. Located along Constitution Avenue, the proposed UNSW Canberra City Campus would deliver both short-term and long-term econ...
Read MoreBooming foreign student enrolments at Canberra’s universities is fuelling growth in the city while the threat of public service job cuts is receding, says one of Australia’s leading private sector forecasters assessing the health of the nation’s economy. The double digit-grow...
Read MoreAustralian home prices fell for an eleventh consecutive month in August, led by declines in a majority of capital cities. According to CoreLogic’s Hedonic Home Value Index, Australia’s median home price fell 0.3%, adding to a 0.6% drop recorded previously in July. That took the decl...
Read MoreMASSIVE $50bn pledge to connect all of Melbourne’s rail lines with an underground loop hasn’t been inspected by Victoria’s independent infrastructure body. The unfunded plan would take decades to build. A PROPOSED underground train network for Melbourne would carry passenge...
Read MoreEvery other day we hear a media story claiming the Canberra apartment market is in the doldrums. Just this week, the tired mantra that Canberra’s unit market is stagnating, with no sustained growth in recent years, has been rolled out again. These claims couldn’t be further from...
Read MoreThe population of Melbourne, Australia’s fastest growing city, is today (Monday, August 27) due to reach the five million milestone, just three weeks after Australia’s population hit the 25 million mark. Melbourne last year added 125,424 people which is the largest annual increase ...
Read MoreFor many years the word Canberra has been followed by a yawn, then associated with bureaucracy and stuffy politicians. However, those times, they are a changing! Would you believe Lonely Planet rated Canberra the third best global city to visit in 2018? The unemployment rate is the ...
Read MoreWhile one expert has labelled this state as “disappointing” with a lack of high returns, he did say it makes up for it inconsistent returns. Not all areas can be high performing for property investors – there have to be some underperformers. According to Simon Pre...
Read MoreWhether you’ve just purchased your first investment property or if you’re juggling multiple rentals, as with many things in life, the unexpected can and will happen. For peace of mind – and to save you time and money – it pays to be prepared and plan ahead to protect yo...
Read MoreThe amount of Chinese cash which once poured into Australian property has about halved, leaving developers and agents scrambling to recapture the record volumes of investment. A joint report by Investorist and the Domain Group showed that as industry interest in selling off-the-plan ...
Read MoreIt is all about the money when it comes to investing in property, and preparing yourself financially is absolutely essential and will save you a lot of financial stress and baggage in the long-term. We have put together four of the major costs that you need to keep in mind when investing in pro...
Read MoreTourism Central Coast is spilling the beans on being “Sydney’s best-kept adventure secret” in its latest campaign. “Our research identified very early on that there was a clear disconnect between perceptions of the Central Coast and the actual reality”, says A...
Read MoreWoongarrah, Hamlyn Terrace, Wadalba, Warnervale, and Glenning Valley are the epicentre of residential development on the Central Coast, endorsed by the NSW Government’s Central Coast Regional Plan 2036. This special report looks at how hundreds of acres of greenfield land and bush...
Read MoreGreat News for Hunter Region investors THE Hunter’s frenzied real estate market drove land values up almost 15 per cent, or more than $15 billion, last financial year to a new regional high-water mark. Figures issued by the NSW Valuer General estima...
Read MoreTHE Western Sydney Aerotropolis officially lifts off today with the turning of the first sod on a $5 billion Sydney Science Park that will deliver 12,000 jobs and 3000 homes. The futuristic science park on a 280ha site at Luddenham is the first major development off the back of Sydney’s pl...
Read MoreCoreLogic’s latest hedonic home value index released Wednesday showed the median price of a home across the city fell 0.6 per cent over July and 1.1 per cent over the past three months. It was the eleventh consecutive monthly fall in prices and means the typical price of a home is 5.4 pe...
Read MoreConstruction of the long-awaited Melbourne airport rail link could start within four years after the Victorian Labor government promised to match a $5 billion funding pledge commitment from the federal government. Victorian Premier Daniel Andrews promised his government would invest if Labo...
Read MoreImpeded by an uninviting property tax landscape, the build-to-rent sector has been stagnant in Australia despite the increasing viability of the model as home ownership rates continue to plunge. More than 40 per cent of Australians now rent by choice and the proportion of households in the renta...
Read MoreMelbourne airport will soon be home to Australia’s largest state-of-the-art medical marijuana facility after signing a deal with ASX-listed medicinal cannabis grower Cann Group. Cann signed a heads of agreement on Wednesday for the lease of a five-hectare site in the Melbourne Ai...
Read MoreAussie recently released there 25 Years of Housing Trends report. This report showcases: Strong housing market conditions have boosted household wealth over the past quarter of a century. The average mortgage size has increased at roughly the same pace as housing values. With mortgage rate...
Read MoreBrisbane’s office market is starting to feel the positive effects of an economic turnaround coupled with a flurry of investment activity, with more than $2 billion worth transactions taking place in the city’s office markets last financial year. Savills office research recorded $1....
Read MoreOnly one capital city’s median rental price for houses increased over the June quarter according to the latest Domain Rental Report out today. The national median rental price for houses remained steady at $437 over the three months to June, while the median unit rental price f...
Read MoreThe NSW government’s land and property development arm, Landcom, has unveiled plans for a $390 million development for 1,100 homes adjacent to the new Tallawong Metro Station. The precinct, which will stretch across 7.8 hectares, will include 85,000sq m of residential development and 900...
Read MoreA significant drop-off in apartments in the construction pipeline has dragged down the number of buildings approved across the country in February, according to the latest data from the Australian Bureau of Statistics. And experts predicted the trend would continue as more developers dela...
Read MoreA joint proposal by GPT, Brookfield and AMP for the $1 billion redevelopment of Sydney’s Cockle Bay Wharf has undergone another set of revisions in plans submitted to the NSW government earlier this month. The consortium’s ambitious plans for a waterfront precinct, originally formula...
Read MoreThe regulatory clampdown on Australia’s heavily-scrutinised banks is now “largely done”, according to overseer Wayne Byres, who has declared “the heavy lifting on lending standards” has been completed. The chief of the Australia Prudential Regulation Authorit...
Read MoreDespite recent house price weakness, Australia’s property boom – which saw house prices in some areas of Sydney soar almost 90 per cent from 2010 – created windfall gains for some property owners. Property researcher Corelogic has revealed the top growth suburbs ov...
Read MoreWinter is here, and while you may be looking forward to a season of mulled wine and woolly jumpers, you’re probably less excited about months of huddling around your living room heater. If we live in a “sunburnt country”, then why do some of our houses feel so cold? Poor bui...
Read MoreThe disparate state of Australia’s property market has been laid bare in a new report, with prices in some markets falling by 7.4%, while others are booming, with price growth of just over than 16% year-on-year. The latest realestate.com.au Property Outlook Report, released today, s...
Read MoreParramatta’s rapidly growing CBD is set to get even busier with hundreds of new hotel rooms set to come online by 2020. Two major hotel developments have been given the green light this month by the City of Parramatta, the 300-room Starwood Four Points by Sheraton and the ...
Read MoreNew South Wales will be the first state to fund a dedicated build-to-rent model, Minister for Social Housing Pru Goward revealed on Friday. The minister revealed that a Communities Plus housing site in Redfern would be home to the nation’s first ever build-to-rent housing model. The Red...
Read MoreMelbourne’s apartment market has not been immune to commentary about oversupply, however a new report suggests that current supply is balancing out demand in the inner-city apartment market with median prices growing steadily in the past six months. The report from researchers Secret ...
Read MoreIt’s more than a patch of dirt – this is the land where your dream house will soon live. So it pays to ensure your block is absolutely right for you. Here are some important factors to consider before buying your first block of land… Focus on w...
Read MoreOne of Canada’s largest property investors, Oxford Properties Group, has joined the race for the $1.4 billion office component of Grocon’s vast Central Barangaroo project on Sydney Harbour. The group’s interest in the project will tighten the contest for the proposed office...
Read MoreParramatta’s Light Rail is scheduled to commence stage one of construction by the end of 2018 after receiving planning approval. The first stage of the Light Rail plan, a two-way track which will span 12 kilometres, will connect the Westmead health precinct to Carlingford via Parramatta ...
Read MoreBRISBANE is back among Australia’s fastest-growing cities thanks to a growth spurt, but more people are flocking to areas outside the state’s capital. New figures from the Australian Bureau of Statistics show the city’s population grew by 48,000 in the year to June 2017 to hi...
Read MoreHobart has pipped Sydney to claim the unenviable title of Australia’s most unaffordable capital for tenants with the gap widening between incomes and the amount needed for rent, a new report has found. The Rental Affordability Index (RAI) is an indicator of the price of rents nationwide ...
Read MoreIT’S time to accept that the rail maintenance facility is going ahead in Kangy Angy and celebrate the benefits to the Central Coast. That was the message from Central Coast Parliamentary Secretary Scot MacDonald as he turned the first sod at the Turpentine Road site yesterday. Const...
Read MoreAIRBNB will make an aggressive push to convince NSW it contributes almost $1 billion and 7000 jobs to the economy as the State Government prepares to crack down on bad behaviour by short term letting guests. A major regulatory overhaul for the short term letting industry, including ...
Read MoreSYDNEYSIDERS are wasting almost twice as much time commuting as their counterparts in big cities in countries such as Spain. A landmark new report also reveals how our city is “losing talent and skills” because of the “severe” shortage of affordable housing and lack...
Read MoreOwners of small, narrow properties who never thought their blocks were suitable for development are set to benefit under new statewide planning laws designed to fast-track medium-density housing in NSW. Under the new medium-density housing code announced last week, duplexes, terraces and ...
Read MoreEveryone loves a great deal, which is why home builders may be tempted by the idea of getting two homes for the price of one. Although it costs more to build a duplex than a single freestanding house, it’s usually cheaper than building two houses, and because both dwellings are on t...
Read MoreAccording to the CoreLogic hedonic home value index, national dwelling values were unchanged in March, with the steady month on month reading comprised of a 0.2% fall in capital city dwelling values while the combined regional markets saw values rise by 0.4%. Trends across the March quarter sh...
Read MoreLenders have successfully met the macroprudential limits set by the Australian Prudential Regulation Authority (APRA) in March 2017, halving the category in the December quarter. APRA’s December Quarterly ADI Property Exposures statistics, released last Tuesday, shows that interest-onl...
Read MoreIn NSW, returns from regional properties were almost double those in capital cities The CoreLogic total returns index measures the change in values and the rental return to determine the total gross returns from residential property. The total returns index is valuable for investors as...
Read MoreA DA (Development Application) refers to the process where Development Consent is required from Council in order to build something on your property – e.g. a new house, an extension or a deck. In some instances where strict, pre-determined criteria are met and the property ...
Read MoreCAMPBELLTOWN is set to more than double in size over the next 30 years with a radical new plan to be unveiled today providing a blueprint for how its residents will live and work in the city in the years to come. An extra 500,000 residents are expected to move into the area within three decade...
Read MoreGreat news from one of our overseas clients with tenants found for their new Investment home in Melbourne in ONE DAY, a KOALA INVEST RECORD!! Related Posts Warnervale new public school: Minister reassures parents February 27, 2019 Canberra is hot property for...
Read MoreREDUCING travel time between Newcastle and Sydney from three to two hours could be a “game changer” for the Central Coast. Straighter tracks, removal of level crossings and increased speeds over 120km will be explored with a view to shorten the journey on the Coastal rail line....
Read MoreGreat News for the Central Coast and Hunter Regions A recent update to the Investment Prospectus of the Hunter and Central Coast Regions has been released giving a great insight into investment in these regions. Some of the main points include: Central Coast The Central Coast contribute...
Read MoreDA, CDC and Section 94 Explained Two of the most asked about topics that often comes up when starting the planning process are “What is the difference between a Development Application (DA) and a Complying Development Certificate (CDC)? and ” What are Section 94 Contributio...
Read MoreWhat is a Duplex? What is a Dual Occupancy? Are there differences? Koala Invest strives to find the best solution for the rental market, and in doing so, we present a large percentage of our listings as Dual Occupancy or Duplex style housing. The following will give a brief overview of Dual ...
Read MoreSome of these may seem obvious but they are often forgotten When building any Property- Investment or not, it’s easy to miss costs which are not always obvious. Some of these additional costs can be expensive and may even create delays for tenants to be found or for you to move in. Mos...
Read MoreRecent study links Land price with availability and size A recent study by HIA and Corelogic has indicated a lack of residential land has lead to a 10.9 percent annual increase in the median lot prices. This increase has created an all-time median price high of $267,386 per lot with th...
Read MoreHousing approvals rose by 8 percent last year Recent data from the Australian Bureau of Statistics has shown a increase in housing approvals. “In total, 4618 approvals were issued for new dwellings across the Hunter, compared to 4293 in 2016, an increase of 8 per cent on already ...
Read More12.59ha close to Kooindah Waters Golf Club and other major Governement Investments A Central Coast based investor has picked up 12.59ha of land located close to the Kooindah Waters Golf Club for the princely sum of $5,665,000. Located in a Key growth area, the investor aims to eventuall...
Read MoreNew rehabilitation facilities have been approved for a local hospital. A new rehabilitation ward has been opened at the Woy Woy Hospital, which began construction in January 2017 at a cost of $10M, includes 24 rehabilitation beds, a gym, hydrotherapy pool, and a separate entranceway and faci...
Read More1. Interest Interest is by far the largest tax deduction in a negative gearing arrangement. Provided your property is available for rent, the interest incurred on money you’ve borrowed for the property is tax-deductible, including money used to purchase the property...
Read MoreKey workers are being shut out of Sydney Property New South Wales’s high house prices are forcing teachers, nurses, police and emergency workers to leave Sydney, with many struggling to even pay rent in the city, a new report has found.A University of Sydney report found in the 10 ye...
Read MoreCentral coast rail line gets major upgrade New infrastructure aimed at securing power for the Central Coast-Newcastle railway line in coming years has been unveiled in Gosford. The power substation has been under construction under the Brian McGowan bridge since August 2017, as part of...
Read MoreRenting an apartment on the Central Coast is almost as expensive as living in some parts of Sydney. Renting an apartment on the Central Coast is now nearly as expensive as living in some parts of Sydney. The median asking rent for a unit on the northern coastal region is now $370 a week, a ...
Read MoreMr Zigomanis said it wasn’t surprising that Sydney and Australia has seen slight ranking slips, or that Australia had failed to rank among the top five countries for capital growth: the United States, Brazil, China, Spain and Britain. Australia is also well behind countries such as the...
Read MoreKoala Invest recently settled another Dual Occupancy Investment Package for one of our clients that offered the best in Capital Growth, Rental Yield and Rental Income. Located nearby to the beautiful Lake Macquarie. Surrounded by 6 Public and Private Schools. Only a stone’s thr...
Read MoreNewcastle has become one of Australia's investment hotspots Growth in Newcastle has been spectacular in the past 18 months, the median house price, which is only slightly over the $600,000 mark, is still about half that of Sydney. Growth rates were as high as 25 per cent at their peak per ye...
Read MoreI was a town planner at the former City of South Sydney in the mid-nineties when brothels became legal. Brothel operators could apply to legalise brothels that had been operating for decades. I remember someone objecting to a “proposed” brothel in East Sydney, saying it ...
Read MoreThe NSW Government has released a Draft Greater Newcastle Metropolitan Plan which sets out urban strategies to 2036 for Newcastle City, Cessnock, Lake Macquarie, Maitland and Port Stephens. The plan was released on 30 November by NSW chief planner Gary White. It is at this stage a draft plan...
Read MoreGreat news for residents in the Central Coast and for tourism in the area. A faster and safer journey between the Central Coast and Sydney is on the way for motorists, with work onNorthConnex on track to be completed in late 2019.Parliamentary Secretary for the Central Coast Scot MacDonald M...
Read MoreThe idea of earning two incomes from one property may sound too good to be true, but according to Phillip Allen, investment property strategist and owner of Latitude Property Group, dual income investments can help investors succeed in an increasingly competitive market. As the name suggests...
Read MoreA reduction in High Density dwellings of 10.8% has been recorded Tighter lending curbs on investors will deepen a downturn in high-rise apartment construction that will only bottom out in 2020, forecaster BIS Oxford Economics says. “We’re going to see some pretty big d...
Read MoreWorld-class Central Coast Medical School and Research Institute announced for Gosford THE Turnbull government will commit $12.5 million more to the Central Coast Medical School and Medical Research Institute in Gosford so it can attract world-class academics and medical professionals when ...
Read MoreDo you want to get your building that you are planning to buy inspected? Then, you need to hire an expert and professional Building Inspections Adelaide who will identify the hidden defects in the building that would otherwise ignored by you. Basically, these defects will help you to get ...
Read MoreCanberra’s housing boom in the past decade is the biggest on record for the ACT and has created an oversupply of more than 6000 apartments in the city, but if the population continues to grow at current rates, it is likely to soak up the excess supply. The boom had led to an oversuppl...
Read More$145M Updrage between Doyalson and Tuggerah The busy 12-kilometre stretch between Doyalson and Tuggerah will be widened to three lanes in each direction. The work includes rebuilding a 9-kilometre section of the road to provide a “smoother and more durable surface...
Read MoreAre you considering buying an old house to refurbish it and sell it off at a considerable profit? Or are you just planning to buy an old house to save some money? While buying an old house (by old we mean as old as 60-70 years) is a pocket-friendly option as compared to buying a new one, the...
Read MoreSTEP aside Sydney. While you’re one of the most expensive cities in the world, another city has become the next big thing. STEP aside Sydney. Huge investments in transport, the rejuvenation of the city foreshore, a revitalised central business district, an upsized university a...
Read MoreKoala Invest recently found a perfect investment property for one of our overseas investors. We assisted with the purchase, construction and Foreign Investor requirements for our client to provide a simple investment process.Our first step was work with our client to find a set of criteria that...
Read More1164 m2 lakeside block in Morisset Park Land price records for Morisset Park have been smashed with a wealthy Sydneysider reportedly paying “Well over the $1M mark” for a lavish 8 bedroom Mansion on 1164m2 of waterside land. The build is expected to contain 660m2 of living space ...
Read MoreWhat should you look for in a suburb when investing? A constant burning issue among investors is finding the next property investment hotspot. So where are the best investment suburbs in Perth, Sydney, Melbourne, Adelaide, Brisbane… or anywhere else in Australia for that matter? Hots...
Read MoreThis is an extract from a Certified Practicing Accountant- David Shaw. It shows the cash positive opportunities a dual offers for a retiree or a first home investor. One of the most significant and positive development I have seen during my 4000 interviews over the past 10 years is the dual...
Read MoreMajor Infrastructure upgrades for the Wyong-Warnervale area healthcare systems Major improvements to the Wyong Hospital have been set in stone with the confirmation of funding from both political parties. Work is expected to start in February 2018 on a 500 space car park with the additional ...
Read MoreWarnervale tipped to receive a major boost to economy with new town centre Recent work towards to the future construction of the Warnervale Town Centre has begun with the approval of various Developmental Approvals. Some of these approvals include: • Development Control Plan ap...
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