Category: Property News Update

Property News Update

The return of overseas arrivals and Australia’s Property Market

Eliza Owen 24 Feb 2022– From 21 February 2022, the Australian Government opened the borders and welcomed double-vaccinated tourists and visa holders from around the world. Eligible visa holders can come to Australia without a travel exemption or quarantining, and concessions are being granted to skilled visa holders in order to incentivise them to stay in the country for longer.  The latest overseas arrival data from the ABS shows … Continue reading The return of overseas arrivals and Australia’s Property Market

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Property Investment, Property News Update, Propertyology

Rents to rise by $5,000 in 59 locations across Australia

If you are on the search to rent a house this year you ought to be prepared to pay $5,000 or more this year than last year. And the finish line for this sharp rising national rental trend is nowhere in sight. Thought-leading property market analysts and national buyer’s agency, Propertyology, is forecasting that the advertised price to rent a standard house will increase by … Continue reading Rents to rise by $5,000 in 59 locations across Australia

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Property Development, Property News Update

New partnership puts focus on housing for all

The Australian Institute of Architects has entered into a new partnership with private sector, for-purpose initiative, Housing All Australians (HAA). The two organisations have executed a Memorandum of Understanding setting out a process of collaboration and range of joint activities.  The partnership recognises the need to do more in the face of Australia’s worsening social and affordable housing crisis. More than 155,000 people are currently on … Continue reading New partnership puts focus on housing for all

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NEWS, Property Development, Property News Update

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

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Property News Update

Property buyers turn to social

In less than three years, property distribution platform Realty.com.au is on track towards its goal to be Australia’s Number 1 property platform in both social audience and property listings. The platform has just passed one million property posts on Facebook for Australian agents and property owners, reaching an audience of 1. 5 million including 300,000 buyers and sellers across more than 900 social mediapages. Incredibly, … Continue reading Property buyers turn to social

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Property News Update, Real Estate Agent, What's new in real estate technology

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

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Property News Update

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

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Property Investment, Property News Update

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

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BMT, Property News Update

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

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Property News Update

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

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