This Week’s Featured News
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 … 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 … 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 … 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 … 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% … Continue reading CoreLogic: Growth cycle tapering as housing becomes less affordable
Low-interest rates not solely responsible for strong property price growth
A new analysis of cash rate changes over the past two decades has found that property price growth is less dependent on low-interest rates than commonly believed, according to the Property Investment Professionals of Australia (PIPA). PIPA Chair Peter Koulizos said the cash rate was currently at a record low, with many people believing that … Continue reading Low-interest rates not solely responsible for strong property price growth