REIQ MEDIA RELEASE: QLD Property Market Prospers Despite Pandemic & Recession

Queensland’s property market continues to defy COVID-19 predictions, with median house prices rising yet again for a second consecutive quarter for much of the State. In fact, according to the latest Queensland Market Monitor published by the Real Estate Institute of Queensland (REIQ), not one single region recorded a reduction in median house prices over the July-September 2020 quarter, with Queensland’s property market showing its resilience. “Brisbane … Continue reading REIQ MEDIA RELEASE: QLD Property Market Prospers Despite Pandemic & Recession

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CoreLogic Property Pulse

More vendors tried to sell their property in spring – but did people buy them? By Eliza Owen, Head of Research Australia As social distancing restrictions eased across Victoria from the end of September, more vendors put their property up for sale. In the three months to November, the number of new listings added to the market across Australia averaged around 39,000 a month. This … Continue reading CoreLogic Property Pulse

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Bag a Christmas Property

Bag yourself a property bargain before Christmas Buyers looking to capitalise on record low interest rates and softening lending  conditions should be inspecting properties now with one expert tipping sellers will be  more motivated in the lead-up to Christmas. EPS Property Search director and author of The Insider’s Guide to Buying Property, Patrick Bright, said November was a great month for buyers to ‘get their … Continue reading Bag a Christmas Property

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Safer Homes for Aussies

Insurers and Builders Joining Forces to Improve Australian Homes The Insurance Council of Australia (ICA) and the Master Builders Association (MBA) are uniting to develop proposals that will help strengthen homes and communities against natural disasters.  The industry groups have heeded key findings from the Royal Commission into National Natural Disaster Arrangements and will host a series of roundtable discussions to create a pathway towards national … Continue reading Safer Homes for Aussies

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CoreLogic Property Pulse

Trends in housing finance show the continued rise of owner-occupiers and first home buyers, led by Queensland By Eliza Owen, Head of Research Australia The volume of finance secured for the purchase of property experienced a strong rebound in the September quarter, following the initial shock to demand housing in the first two months of the June quarter. The latest ABS housing finance data shows … Continue reading CoreLogic Property Pulse

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CoreLogic Property Pulse

Regional Housing Boom By Eliza Owen, Head of Research Australia at CoreLogic There has been a high level of interest as to whether the pandemic has spurred housing demand in regional markets of Australia. Housing market data is partially suggestive of this, especially across the largest capital cities. Rental value increases are positively correlated with greater distance from the CBD for the largest capital cities. … Continue reading CoreLogic Property Pulse

HomeBuilder sets new construction record

HomeBuilder sets new construction record

“The number of loans for the construction of a new dwelling increased by 27.1 per cent in the month of September 2020, to the highest result since the Australian Bureau of Statistics (ABS) commenced collection of this data in 2002,” stated HIA’s Chief Economist, Tim Reardon. “The ABS also released its building approvals data today, which is a more lagged indicator of future building work, … Continue reading HomeBuilder sets new construction record

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Home Loan

Home Loan Checklist Applying for a home loan requires some preparation.  The more prepared you are the easier it will be.  Spend some time putting together the required documentation.   Here is a checklist of what you need to put together BEFORE you meet the lender or broker; Personal Identification Passport Driver’s license Or you can instead present two forms of secondary identification: Birth certificate Medicare card … Continue reading Home Loan

Victorians flee to Qld Property Market

Victorian buyers snapping up Queensland property sight unseen Victorian property buyers are driving up demand for Queensland homes as COVID refugees free from Southern states, according to property experts Universal Buyers Agents. Universal Buyers Agents founding director Darren Piper said as many as one in four enquiries are from Victorians or New South Wales buyers looking for Queensland homes. “Often these buyers are purchasing sight … Continue reading Victorians flee to Qld Property Market

Record set to break for Newcastle property

A stunning beachfront home looks set to break the record of $7 million for the highest-selling residential property in Newcastle when it goes under the hammer next month. To be sold under the Online Friendly Auction System, the spectacular beachside Merewether home boasts 4 bedrooms, 3.5 bathrooms, triple garage, and was collaboratively designed by award-winning architects Chris Mury Architects and Shane Blue of Bourne + … Continue reading Record set to break for Newcastle property