Average Cost of Building a New Home in Australia

How much does it cost to build a new house in different states across the nation?   Many factors influence the cost of building a new home in Australia. Besides the most obvious ones of lot price, building materials, design, and labour, several other factors are now influencing the market. Historic low-interest rates, implemented in the wake of the pandemic-related slow-down, have fuelled a general real … Continue reading Average Cost of Building a New Home in Australia

New listings not keeping pace with demand

Dwelling sales continue to surge By Eliza Owen, Head of Research Australia at CoreLogic Dwelling sales continue to surge across Australia against low listings levels. In the three months to July, CoreLogic estimates there were around 171,100 sales. This is 53.4% higher than what has typically been seen this time of year for the previous five years. In the same period, there were just 121,200 … Continue reading New listings not keeping pace with demand

Olympics attract companies to growth corridor

Large infrastructure projects across Australia’s east coast have created an explosion in companies expanding or moving their operations to South East Queensland, creating a development frenzy of its own. On Queensland’s Gold Coast, in particular, the 3,300-hectare Yatala Enterprise Area north to the north of the city, the number of companies boosting their presence has risen rapidly, with a raft of new headquarters, manufacturing plants, … Continue reading Olympics attract companies to growth corridor

What the 2032 Olympic Games means for Brisbane’s property market

The Olympics should work as a positive influence on Brisbane housing market conditions, however, with the Games still some eleven years away, the flow-on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency. The most significant positive influence on the housing market is likely to be seen in the … Continue reading What the 2032 Olympic Games means for Brisbane’s property market

Property Investors Risk ATO Scrutiny with this mistake

BMT Tax Depreciation has issued a critical reminder to property investors lodging their tax returns in the coming months: any rental property improvements made last financial year must be captured in an updated tax depreciation schedule or risk making inaccurate claims. Investors who have renovated and who fail to update their tax depreciation schedule before lodging their tax return risk both being out-of-pocket and facing … Continue reading Property Investors Risk ATO Scrutiny with this mistake

CoreLogic: Growth cycle tapering as housing becomes less affordable

Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index.  The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past 12 months.  CoreLogic’s research director, Tim Lawless, described the market as strong but losing steam.  “The 16.1% lift in national housing values over the past year is … Continue reading CoreLogic: Growth cycle tapering as housing becomes less affordable

CoreLogic: 218 Markets reach the Million-dollar Club, according to a new report

Despite a tumultuous 12 months for the Australian property market, from COVID-induced dips to new record high peaks, CoreLogic’s inaugural Million Dollar Markets report released today has identified 218 markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021 compared to May 2020. The report also highlights how the current housing market upswing has happened nationwide, with each … Continue reading CoreLogic: 218 Markets reach the Million-dollar Club, according to a new report

Hobart tops the country for property profit

This edition of the Pain and Gain report analyses approximately 98,000 resales of residential property that took place in the three months to December 2020. The results show an increase in the profitability of Australian real estate, with 89.9% of transactions seeing a nominal gain for sellers. Eliza Owen, Core Logic’s Head of Research said on the latest Pain and Gain report “As property values … Continue reading Hobart tops the country for property profit

CoreLogic Property Pulse

Housing lending may be cheap, but regulators argue it is not yet risky By Eliza Owen, Head of Research Australia at CoreLogic New data suggests changes to mortgage lending rules in the near future are unlikely, despite rapidly rising home values. Recent data from the Australian Prudential Regulation Authority (APRA) suggests that while the proportion of loan originations that could be ‘higher risk’ showed a … Continue reading CoreLogic Property Pulse

Mortgage mayhem: Nearly 1 in 3 home loans are in arrears

10 March 2021, Sydney, Australia – The property market might be booming again, but a worrying number of homeowners are in financial strife according to new research by Finder, Australia’s most visited comparison site.   A new Finder survey of 446 Australian home loan customers has revealed that approximately 31% of mortgages are currently in arrears – that’s equivalent to 899,000 home loans that are behind on … Continue reading Mortgage mayhem: Nearly 1 in 3 home loans are in arrears