News

Melbourne region

How Australia’s wealthiest CEOs buy property

How Australia’s wealthiest CEOs buy property

Billionaire Greg Goodman’s family home Orama in Sydney’s Woollahra.  When warehousing billionaire Greg Goodman purchased a $7 million designer cottage in Sydney’s well-heeled Woollahra in July, it was his third property purchase within an 80-metre radius. Goodman’s ...

Read More
Why this senior real estate figure won't buy his own home

Why this senior real estate figure won't buy his own home

Real estate bigwig Quentin Kilian doesn't own his own home - and there's a six-figure reason why. Most people are surprised to learn that the boss of a powerful real estate industry group doesn’t own his own home, but instead rents it. When Quentin Kilian made the revelation during a rece...

Read More
Perth is the cheapest capital city for houses and units

Perth is the cheapest capital city for houses and units

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...

Read More
How fast are residential construction costs rising?

How fast are residential construction costs rising?

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 ...

Read More
Our six-year-old bought a house in Melbourne

Our six-year-old bought a house in Melbourne

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...

Read More
Foreign Vic property investor fined $250k

Foreign Vic property investor fined $250k

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 ...

Read More
Warning as thousands could be impacted by construction company collapses

Warning as thousands could be impacted by construction company collapses

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 ...

Read More
Tarneit, Truganina commuters call on Victorian government to 'urgently' invest in train stations

Tarneit, Truganina commuters call on Victorian government to 'urgently' invest in train stations

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...

Read More
Solar-hydro energy plant to be built on Liddell coal-fired power station site

Solar-hydro energy plant to be built on Liddell coal-fired power station site

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...

Read More
Top 10 regional property hotspots to watch in 2022

Top 10 regional property hotspots to watch in 2022

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...

Read More
Victorian property demand surge as international borders open

Victorian property demand surge as international borders open

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...

Read More
What you need to know before applying for your first home loan

What you need to know before applying for your first home loan

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...

Read More
High-speed rail would lift land value by up to $140 billion: report

High-speed rail would lift land value by up to $140 billion: report

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...

Read More
Interstate buyers push Brisbane house prices to steepest rise in 18 years

Interstate buyers push Brisbane house prices to steepest rise in 18 years

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 ...

Read More
Rental affordability a ‘growing concern’ as prices skyrocket

Rental affordability a ‘growing concern’ as prices skyrocket

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...

Read More
Victoria’s average home loan soars past $618,000 in November: ABS

Victoria’s average home loan soars past $618,000 in November: ABS

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 ...

Read More
Rents for houses surge, unit rents drop: tenant push for space creates two-speed market

Rents for houses surge, unit rents drop: tenant push for space creates two-speed market

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...

Read More
Newcastle house prices reach new high amid biggest growth since 1989

Newcastle house prices reach new high amid biggest growth since 1989

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 ...

Read More
Planning restrictions, not investors pushing up prices: housing affordability chair

Planning restrictions, not investors pushing up prices: housing affordability chair

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...

Read More
Brisbane beats Sydney, Melbourne, with no sign of housing slowdown across South East Qld

Brisbane beats Sydney, Melbourne, with no sign of housing slowdown across South East Qld

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...

Read More
Australia’s red hot housing market is showing signs of cooling as prices in Melbourne slow for the first time in 14 months

Australia’s red hot housing market is showing signs of cooling as prices in Melbourne slow for the first time in 14 months

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...

Read More
Panic rising as major home builders go bust despite a construction boom and soaring house prices

Panic rising as major home builders go bust despite a construction boom and soaring house prices

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...

Read More
Builders driven to the wall as material costs go through the roof

Builders driven to the wall as material costs go through the roof

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...

Read More
Will the exodus from cities to the regions continue?

Will the exodus from cities to the regions continue?

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...

Read More
'A good sign for buyers': Clearance rates drop as more homes hit the market

'A good sign for buyers': Clearance rates drop as more homes hit the market

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...

Read More
Childcare centres top shopping lists of small investors

Childcare centres top shopping lists of small investors

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 ...

Read More
Property price discounts on the rise in most Australian capital cities as hot market shows signs of cooling

Property price discounts on the rise in most Australian capital cities as hot market shows signs of cooling

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...

Read More

Windfall gains tax passes Victorian upper house, claims it will raise home prices, cut supply

The 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...

Read More
Australia's regional property boom is a double-edged sword

Australia's regional property boom is a double-edged sword

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...

Read More
Housing is expensive now, imagine a market with more migrants. Economists see rent, house price lift in 2023

Housing is expensive now, imagine a market with more migrants. Economists see rent, house price lift in 2023

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...

Read More
Property buyer FOMO eases as lockdowns end, more listings hit the market

Property buyer FOMO eases as lockdowns end, more listings hit the market

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...

Read More
Melbourne housing affordability plummets, women hit hardest

Melbourne housing affordability plummets, women hit hardest

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...

Read More
Sydney median price jumps 1.5 per cent to $1.333 million as market begins to slow

Sydney median price jumps 1.5 per cent to $1.333 million as market begins to slow

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...

Read More
Low interest rates aren't enough for first time buyers

Low interest rates aren't enough for first time buyers

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 ...

Read More
Sydney couple resell townhouse nine weeks after buying it for $600,000 more than they paid

Sydney couple resell townhouse nine weeks after buying it for $600,000 more than they paid

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...

Read More
Young self-made millionaires banking on Qld property

Young self-made millionaires banking on Qld property

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...

Read More
Pallas Courts Build-to-Rent with Tax Relief Sweetener

Pallas Courts Build-to-Rent with Tax Relief Sweetener

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...

Read More
Victoria has launched a $500 million homebuyer fund that will see the government own a share of 3,000 homes

Victoria has launched a $500 million homebuyer fund that will see the government own a share of 3,000 homes

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...

Read More
Buyer demand for commercial property surges as investors search for income

Buyer demand for commercial property surges as investors search for income

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...

Read More
'BE CAUTIOUS': Australia's 10 'danger zone' suburbs

'BE CAUTIOUS': Australia's 10 'danger zone' suburbs

Property buyers looking to snap up a unit should avoid these areas, particularly in Sydney and Melbourne. Australian home buyers and investors have been warned to avoid certain suburbs in Australia, particularly in Sydney and Melbourne, which are at high risk of being oversupplied with thousands...

Read More
Australia's property prices will continue to rise with no bubble to burst, expert says

Australia's property prices will continue to rise with no bubble to burst, expert says

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...

Read More
Lending restrictions could hit property investors

Lending restrictions could hit property investors

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...

Read More
'Out of control' stamp duty bracket creep is hurting listings and housing affordability: REIA, SQM Research

'Out of control' stamp duty bracket creep is hurting listings and housing affordability: REIA, SQM Research

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...

Read More
Australia's house price boom: what's happening and how can it be brought under control?

Australia's house price boom: what's happening and how can it be brought under control?

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...

Read More
'Housing clampdown' coming for Aussie buyers

'Housing clampdown' coming for Aussie buyers

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 ...

Read More
House price growth to slow, one way or another

House price growth to slow, one way or another

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...

Read More
CBA CEO 'increasingly concerned' with rising housing prices

CBA CEO 'increasingly concerned' with rising housing prices

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...

Read More
Soaring housing debt a financial risk: Reserve Bank

Soaring housing debt a financial risk: Reserve Bank

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...

Read More
Construction industry shutdown: Almost $1bn in renos and home builds on hold in Victoria

Construction industry shutdown: Almost $1bn in renos and home builds on hold in Victoria

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...

Read More
Climate change to deliver suburban house price pain: RBA

Climate change to deliver suburban house price pain: RBA

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...

Read More
Mortgage stress soars as RBA says tax system pushes up house prices

Mortgage stress soars as RBA says tax system pushes up house prices

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...

Read More
RBA says surging house prices are a government problem

RBA says surging house prices are a government problem

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...

Read More
Perth house values climb $260 a day amid fears of living standard hit

Perth house values climb $260 a day amid fears of living standard hit

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...

Read More
Buying a home can feel impossible. Here are alternative ways to get into the housing market

Buying a home can feel impossible. Here are alternative ways to get into the housing market

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 More
What the median house price gets you in Australia's most expensive suburbs

What the median house price gets you in Australia's most expensive suburbs

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 wh...

Read More

Housing big spenders fear going bust when interest rates rise

Monthly 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 More
Australians save $60 billion a year on overseas travel, spend part of it on buying property

Australians save $60 billion a year on overseas travel, spend part of it on buying property

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...

Read More
Housing market in 'tricky territory', warns Westpac

Housing market in 'tricky territory', warns Westpac

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...

Read More
Lockdowns hit property auction clearance rates

Lockdowns hit property auction clearance rates

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...

Read More
Developer fees adding up to $85,000 a block, driving up housing prices

Developer fees adding up to $85,000 a block, driving up housing prices

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 ...

Read More
Southern developers make a beeline for the Gold Coast

Southern developers make a beeline for the Gold Coast

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...

Read More
Housing affordability worsens most in wealthy areas

Housing affordability worsens most in wealthy areas

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...

Read More
Weaker demand, higher stock to slow house price growth

Weaker demand, higher stock to slow house price growth

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...

Read More
What the median house price gets you in Australia's most expensive suburbs

What the median house price gets you in Australia's most expensive suburbs

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...

Read More
Reforms needed before Victoria hits 10 million people, infrastructure adviser says

Reforms needed before Victoria hits 10 million people, infrastructure adviser says

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...

Read More
Why rentvesting is a smart move to break into property market

Why rentvesting is a smart move to break into property market

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...

Read More

Price Pressures, Labor Shortages Rein in Construction Activity

Building 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...

Read More
APRA warns of housing market risk

APRA warns of housing market risk

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...

Read More
First-home buyers dropping out of the property market as investors return, new data shows

First-home buyers dropping out of the property market as investors return, new data shows

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...

Read More
Lockdowns spark city exodus as thousands head to the hills

Lockdowns spark city exodus as thousands head to the hills

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...

Read More
Houses earning more than Australia's highest paid professionals

Houses earning more than Australia's highest paid professionals

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,...

Read More
Regional house price growth in Australian towns reaches dizzying new heights

Regional house price growth in Australian towns reaches dizzying new heights

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...

Read More
Sydney house prices: The COVID-19 effect sees lifestyle locations soar up to 38.7 per cent in a year

Sydney house prices: The COVID-19 effect sees lifestyle locations soar up to 38.7 per cent in a year

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 ...

Read More
John McGrath - Investors replacing first home buyers

John McGrath - Investors replacing first home buyers

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...

Read More
Worst suburbs to be a landlord: where investors are losing the most money

Worst suburbs to be a landlord: where investors are losing the most money

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 ...

Read More
New Queensland town will be built to accommodate thousands of Australians priced out of the Sydney and Melbourne markets

New Queensland town will be built to accommodate thousands of Australians priced out of the Sydney and Melbourne markets

'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 ...

Read More
Your guide to buying the perfect investment property: Young investor, 28, who bought her first block of land when she was 21 reveals why it's ALWAYS better to build rather than buy a home

Your guide to buying the perfect investment property: Young investor, 28, who bought her first block of land when she was 21 reveals why it's ALWAYS better to build rather than buy a home

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...

Read More
Sydney and Melbourne property prices slow after record-breaking boom

Sydney and Melbourne property prices slow after record-breaking boom

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...

Read More
Unit prices fall in many city suburbs amid house-led real estate boom

Unit prices fall in many city suburbs amid house-led real estate boom

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...

Read More
ASX gains as JB Hi-Fi profits surge; Commonwealth Bank forecasts house price boom

ASX gains as JB Hi-Fi profits surge; Commonwealth Bank forecasts house price boom

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...

Read More
House prices record sharpest increase since 2003, CoreLogic says

House prices record sharpest increase since 2003, CoreLogic says

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 More

First home buyers to slow down; investors to return in 2021

After 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...

Read More
Rents in Australia are rising again, with tenants in some cities paying up to 12% more this year

Rents in Australia are rising again, with tenants in some cities paying up to 12% more this year

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...

Read More
Australia's housing prices are predicted to rise by more than $160,000

Australia's housing prices are predicted to rise by more than $160,000

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...

Read More
The house always wins: why house sales vastly outstripped unit sales over the year

The house always wins: why house sales vastly outstripped unit sales over the year

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...

Read More
HomeBuilder Take Up Doubles Expectations

HomeBuilder Take Up Doubles Expectations

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 ...

Read More
House prices rise with regional market outperforming capital cities, CoreLogic data shows

House prices rise with regional market outperforming capital cities, CoreLogic data shows

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 More

Housing markets predicted to have a bumper year

After 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 More
Why now might be the time to invest in the property market

Why now might be the time to invest in the property market

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...

Read More
What happened to the property price crash that was predicted but never came?

What happened to the property price crash that was predicted but never came?

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...

Read More

How the Australian property market avoided a crash in 2020

Australia 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 More

Canberra now Australia’s second most expensive property market

Canberra 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...

Read More
Stiffer market competition on the horizon as investors slowly creep back

Stiffer market competition on the horizon as investors slowly creep back

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...

Read More
House prices predicted to soar after RBA’s historic cut

House prices predicted to soar after RBA’s historic cut

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 More
Even in the midst of a recession the Australian housing market continues along its merry way

Even in the midst of a recession the Australian housing market continues along its merry way

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...

Read More

Melbourne house prices drop 3.5 per cent to median $881,000 in June quarter amid COVID-19 crisis, the sharpest fall in Australia

First-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...

Read More

Growing concerns as markets set to surge in 2020

Home values in Australia's biggest cities are on course to record up to 14 per cent growth in 2020 as low mortgage rates and easier lending standards unleash buyer demand. But analysts warn worsening housing affordability and more homes on the market could cut the bull run...

Read More

Rampant growth in Sydney, Melbourne runs out of steam

After 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...

Read More

Sydney and Melbourne house prices could return to peak levels sooner rather than later

Melbourne 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 More

House values jump 1.9 per cent in a month in Sydney and Melbourne

House 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 More

Frasers Property Buys 43-Hectare Land Parcel in Melbourne

Frasers 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 More

Residents Complain of ‘Cracking’ in Melbourne’s Tallest Tower

Residents 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 More

Melbourne property downturn over: Median house prices rise for first time in 18 months

Melbourne’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 More

Modest recovery’ forecast for Melbourne market in 2020

There’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 More

Melbourne Lot Sales Slump, Prices ‘Overvalued’

Developer 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 More

Rental Conditions Favour Tenants in These Capitals..

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. 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 More

Melbourne Suburban Rail Loop Moves Ahead

Initial 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 More

Regional Australia is big winner in the Federal Budget

There 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

Australia’s Population Becoming More Diverse

Migration 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 More

Geelong Has Once Again Achieved Australia’s Highest Regional Results

Dwelling 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 More

Rents Across Australia Rise Over The First Quarter Of 2019

The 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 More

Dahua strikes $140m deal to buy Point Cook site from land bankers

Dahua 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 More

Sydney house prices to fall 5.1 pc, but surge on Central Coast: Moody's

Sydney 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 More

$50b underground train network for Melbourne’s suburbs announced by Premier

MASSIVE $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 More

Victorian Government Pledges $5 Billion for Airport Rail Link

Construction 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 More

Developer Backs Innovative Build-to-Rent-to-Buy Model

Impeded 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 More

Melbourne Airport Inks Deal for $100m Medical Marijuana Facility

Melbourne 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 More

Melbourne Apartment Market Looking Up

Melbourne’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 More

Want to be financially independent?

Fill in your contact details and we’ll email you a complimentary copy of our guide on Creating a profitable investment property portfolio.


No, thank you
Acknowledgement

WE ACKNOWLEDGE THE TRADITIONAL CUSTODIANS OF THE LANDS WE LIVE ON

WE PAY OUR RESPECTS TO ALL ELDERS, PAST AND PRESENT, OF ALL ABORIGINAL AND TORRES STRAIT ISLANDER NATIONS.


2019 - 2023 | Koala Invest , All Rights Reserved | Privacy Policy | Disclaimer. Powered by Eagle Software