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Victoria

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

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

Alex Fitzgerald purchased her first investment property when she was 21 and is inspiring other young people to get into the market. Alex Fitzgerald bought her first house and land package at the age of 21. The 28-year-old purchased her fourth investment property in Sep...

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Regional housing market doubles capital city value growth

Regional housing market doubles capital city value growth

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 Ap...

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New home sales sink as HomeBuilder qualifying period ends

New home sales sink as HomeBuilder qualifying period ends

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. ...

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Housing again at forefront of Australia's economic growth, making banks happy

Housing again at forefront of Australia's economic growth, making banks happy

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 impli...

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Developers preparing for home buying frenzy

Developers preparing for home buying frenzy

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. font-family: arial, helvetica, sans-s...

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

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

Commonwealth Bank economists expect national dwelling prices to increase 8 per cent in 2021. Economists at Australia's biggest bank think the housing market is "on the cusp of a boom", as record low mortgage rates collide with the recovery in the jobs market. Key Points : ...

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How COVID has shifted investor mindset in the property hunt

How COVID has shifted investor mindset in the property hunt

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 so...

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House prices return to record highs as COVID rally continues into 2021

House prices return to record highs as COVID rally continues into 2021

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....

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More Aussie house hunters looking to go 'off grid' in COVID's wake

More Aussie house hunters looking to go 'off grid' in COVID's wake

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 incr...

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

After the domination of first home buyers in the 2020 property market, investors are expected to make their market comeback this year. Following the introduction of the federal government's First Home Loan Deposit Scheme, the pandemic further accelerated first home buyer activity acros...

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

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

Australian house prices are expected to skyrocket by 16 per cent over the next two years, rising by as much as $160,000 in some capital cities. Commonwealth Bank's head of economics Gareth Aird predicted house prices will rise by 9 per cent in 2021 and 7 per cent in 2022 in an economic...

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

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

In the year to January, CoreLogic estimates that there were 459,308 properties transacted across Australia. Most of these sales were houses, rather than units. It is not unusual for house sales to make up the majority of transactions, with houses making up an average 70.2% of annual sa...

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Capital City House Prices Hit New Peaks

Capital City House Prices Hit New Peaks

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 ...

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HomeBuilder Take Up Doubles Expectations

HomeBuilder Take Up Doubles Expectations

The HomeBuilder grant scheme is twice as popular as anticipated and is set to cost the government an expected $2 billion. The original estimate for the scheme was $680 million for 27,000 grants when the prime minister first announced the initiative in June. The latest figures r...

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Housing markets predicted to have a bumper year

After a crazy year, record-low borrowing costs and government efforts to stimulate the economy have set Australian housing prices up for further growth in 2021 - after every city bar Melbourne closed the year in positive territory, having already made up their losses triggered by the pandemic....

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Australia's property market 'far stronger than expected' considering the pandemic

REA 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 i...

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HomeBuilder success sees scheme extended beyond 2020

A 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 j...

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Low cost of debt ‘firing up’ house prices in capital cities

Houses 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 st...

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Federal Government extends HomeBuilder program for another three months but at a lower rate

Federal Government extends HomeBuilder program for another three months but at a lower rate

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 gran...

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Sales of new homes increase since same time last year

Sales of new homes increase since same time last year

"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 ...

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Not quite less than zero: RBA looks at lower rates and more borrowing

Not quite less than zero: RBA looks at lower rates and more borrowing

The Reserve Bank says with interest rates to remain lower for longer, all levels of government can borrow for job-creating projects. f...

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House prices will boom again next year, according to Westpac, making Australia's cities less affordable. Here's how each capital is predicted to fare.

House prices will boom again next year, according to Westpac, making Australia's cities less affordable. Here's how each capital is predicted to fare.

Westpac has updated its property forecasts, expecting a serious boom in the coming years. <span style...

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Westpac Predicts House Price Surge

Westpac Predicts House Price Surge

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 t...

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Economist update: Regional areas dominating strongest price growth

Economist update: Regional areas dominating strongest price growth

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 l...

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Regional vacancies tighten as tenants flee CBDs

Residential 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...

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‘Licking their lips’: Who is still buying property in Australia’s recession?

‘Licking their lips’: Who is still buying property in Australia’s recession?

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 st...

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All the grants, schemes and incentives available for first-home buyers around the country

All the grants, schemes and incentives available for first-home buyers around the country

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&rsquo;ve earnt every cent. In some states you have to buy a brand-new home, in others it can be newly renovated or less t...

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Increasing real interest rates, Victorian lockdown make RBA decision tougher

Increasing real interest rates and Victoria's stage-four lockdown will force the Reserve Bank to re-examine policy settings and its forecasts for the national economy amid growing evidence the jobs market has deteriorated in the past fortnight. The RBA board is expected to hold officia...

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How hopeful home buyers are making the most of the current climate

How hopeful home buyers are making the most of the current climate

While the COVID-19 pandemic continues to disrupt property markets across the country, none more so than in Victoria, industry experts are reporting a wave of activity from first-home buyers spurred on by increased government support. &ldquo;First-home buyers are out in force,&rdquo; sa...

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

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Covid Conditions Ripe for Build-to-Rent

At a time when Australia is looking to construction as a way to help the economy rebound as quickly as possible, build-to-rent is becoming an increasingly strong option. Build-to-rent developments, designed for renting professionally managed apartments on a long-term basis, are now ser...

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Developers report a rise in new home inquiries amid coronavirus restrictions

Developers report a rise in new home inquiries amid coronavirus restrictions

Isolation has put property at the front of people&rsquo;s minds with developers reporting a rising rate of new home inquiries. Home buyers are making virtual inspections of new homes and visiting property websites in increased numbers, despite the limitations imposed...

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House Price Surge Continues in ‘Rapid Recovery’: Corelogic

House Price Surge Continues in ‘Rapid Recovery’: Corelogic

Australia&rsquo;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 c...

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

House values in Sydney and Melbourne jumped by 1.9 per cent in September as other capital city property markets struggled to gain traction on the back of the Reserve Bank's cuts in official interest rates. <...

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Frasers Property Buys 43-Hectare Land Parcel in Melbourne

Frasers Property has purchased a 43-hectare land parcel from a private syndicate in Melbourne&rsquo;s west for $27.5 million. Frasers Property has purchased a 43-...

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

Residents of Melbourne's partially completed super-skyscraper Australia 108 have expressed concerns over the structural integrity of the building, claiming to have experienced loud cracking sounds among a number of other defects. https://i.postimg.cc/C...

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

Melbourne&rsquo;s biggest property downturn since the 1980s appears to be at an end, with the latest figures showing a rise in both house and unit prices for the first time in 18 months. first-para...

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Modest recovery’ forecast for Melbourne market in 2020

There&rsquo;s a light at the end of the tunnel in Melbourne&rsquo;s property market, which has shown positive signs in recent weeks as it shivers through wintry conditions. post-c...

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Melbourne Lot Sales Slump, Prices ‘Overvalued’

Developer value-add incentives like rebates and low deposit terms have had little effect on Melbourne&rsquo;s land market, with lot sales for the March quarter down 59.5 per cent from 2018. https://i.postimg.cc/1zfpJF3q/85a8c797-0b1c-4890-8075-cae0b745...

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Rental Conditions Favour Tenants in These Capitals..

It's now more expensive to rent a house in Hobart than Melbourne, with rents rising in the Tasmanian capital 7.1 per cent over the quarter. ory-cell ory-cell...

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Melbourne Suburban Rail Loop Moves Ahead

Initial site investigations for Melbourne's $50 billion Suburban Rail Loop will start in the second half of 2019 with specific station locations for the underground network yet to be finalised. https://i.postimg.cc/MT86XgRZ/245b1665-94d4-44f9-8e44-eaf0...

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Regional Australia is big winner in the Federal Budget

There was very little directly related to housing in this year&rsquo;s Federal Budget, however regional Australia is the clear winner. There was very little directly related to housing in this yea...

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Rents Across Australia Rise Over The First Quarter Of 2019

The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by ...

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Australia’s Population Becoming More Diverse

Migration data which was recently released by the ABS showed that as of June 2018, an estimated 17,650,130 residents of Australia were born in Australia. post-content single-post-p...

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Geelong Has Once Again Achieved Australia’s Highest Regional Results

Dwelling sales were down in four of the five Queensland regions over the year to November 2018 with the Wide Bay region the only location to see an increase in home ...

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

Dahua has bought one of the last large parcels of land in Point Cook. &nbsp; Related Posts ...

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Listings Lurch Higher as Housing Market Conditions Languish

The 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 y...

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Australian sustainable design The challenges, what we’re getting right, and where to from here

The 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 assem...

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Sydney home prices just fell at the fastest annual pace since 1990

Australian 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&rsquo;s Home Value Index slid 0....

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

Sydney house prices will fall 5.1 per cent this year, and then tread water in 2019 with only a 0.6 per cent gain, according to forecasts by Moody&rsquo;s Analytics and Corelogic. However,&nbsp;the correction in NSW&nbsp;won&rsquo;t be uniform with more affordable areas like the Central...

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How Have Dwelling Values Shifted Across The Regional Areas Of Australia?

The 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&rsquo;s Pulse we lo...

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Australia's housing downturn is deepening as prices fall across most parts of the country

Australian home prices fell for an eleventh consecutive month in August, led by declines in a majority of capital cities. According to CoreLogic&rsquo;s Hedonic Home Value Index, Australia&rsquo;s median home price fell 0.3%, adding to a 0.6% drop recorded previously in July. T...

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

MASSIVE $50bn pledge to connect all of Melbourne&rsquo;s rail lines with an underground loop hasn&rsquo;t been inspected by Victoria&rsquo;s ind...

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Aussie: 25 Years of Housing Trends

Aussie 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 ave...

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Victorian Government Pledges $5 Billion for Airport Rail Link

Construction of the long-awaited Melbourne airport rail link could start within four years after the Victorian Labor government promised to match a $5 billion funding&nbsp;pledge commitment from the federal government. Victorian Premie...

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

Impeded by an uninviting property tax landscape, the build-to-rent sector has been stagnant in Australia despite the increasing viability of the model as home ownership rates continue to plunge. More than 40 per cent of Australians now rent by choice and the proportion...

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Melbourne Airport Inks Deal for $100m Medical Marijuana Facility

Melbourne airport will soon be home to Australia&rsquo;s largest st...

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Domain’s Rental Report: June 2018

Only one capital city&rsquo;s median rental price for houses increased over the June quarter according to the latest&nbsp;Domain Rental Report out today. The national median rental price for houses remained ste...

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Extremes of Australia’s property market growth and decline revealed

The disparate state of Australia&rsquo;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-...

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Australia’s Top Performing Suburbs Revealed

Despite recent&nbsp;house price weakness...

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Melbourne Apartment Market Looking Up

Melbourne&rsquo;s apartment market&nbsp;has not been immune to commentary about oversupply, however a new report suggests that current supply is balancing out demand in the inner-city apartment market with median prices growing steadily in the past six months....

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