Category: Property News Update

Buying a property, Property Investment, Property News Update

Wait times balloon as scarce social housing is ‘rationed’

Australian state governments are struggling to meet growing demand for low-cost housing as cost-of-living pressure rises.  Low-income earners can face a wait of more than 10 years for a tenancy, as social rental queuing times explode due to growing public and community housing scarcity, nationwide.  A new report released today from UNSW City Futures Research Centre reveals plummeting supply of social housing after a decade of minimal sector investment.  The study, … Continue reading Wait times balloon as scarce social housing is ‘rationed’

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Property Investment, Property News Update

Investment into small office assets grows

The office market has been one of the most disrupted due to COVID-19 lockdowns forcing staff out of the CBDs to work from home. While some states embraced the return to work quickly, it has been a longer grind for markets such as Sydney who are now faced with businesses developing hybrid working models, sparking the question: What will the future office look like? Despite … Continue reading Investment into small office assets grows

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Property News Update, Real Estate Marketing

Queensland commercial markets stimulated

With the looming Federal election there has been a vast array of increased expenditure across the infrastructure sector that are set to impact local property markets. The $120 billion 10-year infrastructure plan sees initiatives across the country heavily aligned with transport including fast rail, roads, freight movement stimulating job security and continued economic growth. The additional $17.9 billion announced is being spread throughout urban and regional … Continue reading Queensland commercial markets stimulated

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BMT, Property News Update

Proof Investors are not the driving force behind property price hikes

A study conducted by BMT Tax Depreciation, Australia’s leading supplier of tax depreciation schedules, has revealed that the average Australian investment property value is well below the average value of all national dwellings reported by the Australian Bureau of Statistics. BMT, who have prepared almost 800,000 depreciation schedules for investment properties, looked at the average purchase price of properties for which it prepared tax depreciation … Continue reading Proof Investors are not the driving force behind property price hikes

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Property News Update

How will the floods impact southeast Queensland’s industrial market? – Vanessa Rader

It’s been a difficult time in southeast Queensland and northern NSW as communities have battled against rising flood waters impacting the livelihoods of residents, businesses, and property owners. While some come to grips with this unexpected reality, there are many, notably in the SEQ corridor, which remember the impacts of the Brisbane floods of 2011 and are now faced with the prospects of rebuilding again. … Continue reading How will the floods impact southeast Queensland’s industrial market? – Vanessa Rader

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Property Investment, Property News Update, Research

Don’t be a victim of underquoting 

Buyers are being encouraged to base their comparable sales data research on  monthly, rather than quarterly, figures to avoid being victims of underquoting,  according to Australia’s leading professional body of buyer’s agents.   “In a rising market while we can’t predict the strength of the capital growth figure,  we can factor in a heightened seller’s market when appraising a property,” said Ms.  Bakos.   “Underquoting is much … Continue reading Don’t be a victim of underquoting 

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Property News Update

Rental Crisis Hits as Vacancy Rate Drops to Fresh 16-Year Low, Rent Surge to Fuel Inflation: SQM Research

Capital city asking rents jump 9.4% over year to March SQM Research today has revealed national residential property rental vacancy rates fell to 1.2% in February 2022, a fresh 16-year low and down from 1.3% in January 2022. Available rental properties plunged in the Melbourne and Sydney CBDs while capital city asking rents have 9.4% over the year to March 12, which is likely to … Continue reading Rental Crisis Hits as Vacancy Rate Drops to Fresh 16-Year Low, Rent Surge to Fuel Inflation: SQM Research

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Property News Update, Real Estate Agent, Selling a property

Paul ‘The Chief’ Harragon’s home sale set to break new record

NRL Legend Paul ‘The Chief’ Harragon’s home set to make  new real One of the best estates along the Newcastle and Lake Macquarie coastline is on the market with  the listing of a 5-bedroom estate on almost a hectare of land overlooking Dudley Beach and  Glenrock conservation area.  Owned by Paul ‘The Chief’ Harragon and his wife Pam for the last 27 years, this tri-level … Continue reading Paul ‘The Chief’ Harragon’s home sale set to break new record

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Property News Update

Listings and asking house prices rise in February, SQM Research

Total Property Listings jump in February asking prices continue to rise, led by gains in capital cities Key Points• National residential property listings rose in February 2022 by 6.8% to 214,495 from200,865 in January. Compared to 12 months ago, listings dropped 16.8%.• Nationally, new listings (Less than 30 days) jumped 62.0% over February, with 79,715new properties added onto the market. New listings are up 4.3% … Continue reading Listings and asking house prices rise in February, SQM Research

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Property Investment, Property News Update

Housing values continue to lose steam

Corelogic: Growth in Australian housing values continues to lose steam as Sydney records first decline in 17 months CoreLogic’s national Home Value Index (HVI) posted a 0.6% gain in February, the 17th consecutive monthly increase in the national HVI.  While housing values are generally rising, the pace of growth in the national index has trended downwards since April last year.  February’s growth of 0.6% marks the … Continue reading Housing values continue to lose steam

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