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Sydney’s house prices could rise 10pc this year Nila SweeneyReporter May 22, 2023 – 4.33pm Save Share Sydney’s house prices could rise by 10 per cent or more this year if the market maintains its current rate of growth, which is fuell...
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State Premier Dominic Perrottet has confirmed the $73.5 million Rezoning Pathways Program will unlock tens of thousands of new homes, particularly in Sydney’s west. As part of the project, the NSW government will initiate 10 land rezonings to pave the way for the foundation of 70,000...
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What will Australia's 'third city' look like? Government wants ideas for Sydney’s ‘third city’. Technology innovators are being invited to offer suggestions about how Sydney’s emerging ‘third city’, Bradfield, can tap smart city technologies to help the...
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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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A recent auction in Sydney’s eastern suburbs, where auction clearance rates have been rising. Record falls in Sydney home prices could soon be behind us, with home prices predicted to record strong growth in 2023 due to some recent economic changes. Sydney’s ailing housing mar...
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In the most recent federal budget, the Albanese government announced it will invest $4.7 billion over four years to make early childhood education and care more affordable. In June, the NSW government said it would invest $5 billion over a decade to expand access to childcare across NSW, around ...
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First home buyers have been delivered a boost in their spending power as they now have the option to pay an annual land tax instead. KEY POINTS A first home buyer purchasing an $800,000 property would save $31,090 in stamp duty if they chose to pay annual land tax instead. Or, they could borro...
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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 ...
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The NSW Premier says the change will allow first home buyers to save more. Historic but controversial laws affecting first home buyers have passed, with big implications for those purchasing a property this weekend. Controversial stamp duty laws have passed NSW parliament, allowing first home b...
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Thousands of first home buyers will now be able to unlock the dream of home ownership sooner following the successful passage of the NSW Government’s historic legislation in Parliament today. For the first time in Australia, first home buyers will be given the choice between paying a small...
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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...
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Sydney man Edward Dostine, far right, explains the reality of the Sydney rental market as dozens line up for a single viewing. As Australia continues to grapple with the ongoing rental crisis, potential tenants are finding it harder to secure a suitable home. Sydney man Edward Dostine, 33, said...
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Tamworth is expected to deliver up to $10.07bn in private sector invest in renewable construction and operation jobs. Dubbo’s renewable energy investment is valued at $5bn. Regional NSW towns Dubbo, Tamworth and Armidale are set to benefit from the renewable energy boom, flowing on to t...
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Roadmap could increase share of renewable energy in state from 16% today to more than 60% by 2030 The Tumut 3 power station at the Snowy hydro scheme in Talbingo, NSW. The NSW government says its $32bn private investment boom in renewable energy will position the state as an energy superpower. ...
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POWER BOOM: The region will produce as much as 14.5 gigawatts of renewable energy in 2050, more power than is produced in the Hunter today. More power will be generated in the New England region in 2050 than is produced in the Hunter today and the region will need billions in new power poles to ...
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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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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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The Perrottet government has announced details of a plan it says will unlock the development of tens of thousands of homes across the state. A number of high-growth councils are eligible to apply for a share of the latest round of funding from the Accelerated Infrastructure Fund in a move that t...
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International students are returning to the cities to study at major universities. According to the Home Affairs Department the number of international students applying for visas hit a record high in June as city life and international travel resume. Finding a rental property at the moment is ...
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New, innovative and unforgettable tourism drawcards that will bring visitors from far and wide to regional NSW are set for a major funding boost, thanks to the NSW Government’s $150 million Regional Tourism Activation Fund. Acting Premier and Minister for Regional NSW Paul Toole today anno...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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The rail line at Bumberry is receiving part of $17.7 million in funding to upgrade an existing rail loop. Upgrades on the Parkes to Bathurst line are set to deliver 'hundreds' of jobs. A $30.3 million investment in the Bathurst to Parkes rail line is set deliver a major boost to rail freight and...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 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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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...
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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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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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The Beach Hotel in Byron Bay, an area which has seen the biggest rise in prices out of any other area in Australia. New data reveals you'd need to be making an extra $20,000 a month or more to break into the market for a 20 per cent house deposit in these suburbs. Property prices have risen as ...
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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 ...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 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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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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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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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...
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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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...
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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 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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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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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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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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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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There is a minor change in the Price of the Property, " 27, William Tester Drive, Cliftleigh" that is published in the our Newsletter yesterday. The price is to be discussed with our Associates.
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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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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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" 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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Fortescue Metals Group chairman Andrew Forrest. Andrew Forrest says he is willing to build a gas and hydrogen fuelled power station at Port Kembla to supply Sydney and NSW industries and households with affordable, green energy, and will start work as soon as he gets approvals from the Morrison ...
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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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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 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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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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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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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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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...
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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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...
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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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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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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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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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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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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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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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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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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...
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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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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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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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 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 ...
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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...
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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...
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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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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 ...
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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 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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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...
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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...
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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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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A 27.2ha parcel of land at Lake Munmorah has been rezoned for a 300 lot housing subdivision to be bounded by environment conservation lands (green corridors). There was no debate on the matter when Central Coast Council put through the rezoning proposal at its April 27 meeting. A site specific ...
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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 ...
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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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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-...
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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...
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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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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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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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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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 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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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...
Read MoreA buyer’s agent with a $12m portfolio of properties, many purchased during the global financial crisis and other downturns, has revealed how to capitalise on the current environment. Investor Lloyd Edge has bought mutiple homes during downturns. Buying property in the middle of a recess...
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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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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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, ...
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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&...
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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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 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...
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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 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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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 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 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 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 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...
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...
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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...
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...
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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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“Being a lean and agile organization, Koala Invest can offer a level of customization that many others are unable to offer. Recently, we helped a client acquire a property that consisted of a 3 bedroom house on a 1000 m2 land. Furthermore, we offered our services in getting the land subdivi...
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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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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...
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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 ...
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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...
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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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 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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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 ...
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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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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...
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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 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 cinema complex, two hotels, a recreation centre and restaurants will be built in Gregory Hills. The NSW government Regional Planning Assessment Panel has approved a large retail centre known as SOMA Lifestyle. The six-hectare site will fall between the coming SOMA W...
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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...
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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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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...
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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...
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...
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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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