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It’s been a horror year for property owners but there’s a massive change on the horizon, with prices possibly set to skyrocket. Australia’s housing market could rise by up to a whopping nine per cent in the coming year. Sydney will lead the recovery and the NSW capital will ex...
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The Real Estate Intsitute of Australia has today released its national Real Estate Market Facts for the June 2022 quarter, which found Perth is the cheapest capital city for houses and units – and by some way too. House prices At $530,000, Perth once again retained the title as having the...
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Overseas migration has increased rental demand for homes. With Covid border closures now a distant memory, Australia has just seen its largest annual population growth since June 2020 – and housing markets aren't prepared for the influx. With the rental market already struggling from supp...
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Property prices dropped 1.6 per cent in August, the biggest month-on-month decline since 1983. Australian property values have suffered their biggest monthly drop in almost 40 years as the market's downturn accelerates. CoreLogic's national Home Value Index recorded a fourth straight month of d...
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Economists are predicting Australia’s house prices to rise again in 2024 after a brief slump coming out of the pandemic. Economists have made a bold prediction about when Australia’s house prices will start rising again. Economists are predicting Australia’s house prices will ...
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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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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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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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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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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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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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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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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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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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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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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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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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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...
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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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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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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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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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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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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 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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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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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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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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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 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 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...
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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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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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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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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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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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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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...
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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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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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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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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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...
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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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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...
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 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 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 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 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 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 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 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 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 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 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 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 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...
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