Total Vacancy Rates Remain Steady in September 2021

Rental market remaining in favour of landlords for most capital cities SQM Research today has revealed national residential property rental vacancy rates rose to just 1.7% over the month of September 2021. Vacancy rates remained largely steady over the month of September, albeit remaining in favour of landlords for most capital cities with the exception of Melbourne and inner Sydney. Vacancy Rates The total number … Continue reading Total Vacancy Rates Remain Steady in September 2021

APRA taps the brakes

“Over 90 per cent of renters aspire to own their own home but less than half of them expect that they will ever achieve this goal. Today’s announcement by APRA will make this goal even harder,” stated HIA’s Chief Economist, Tim Reardon. “Australia has an unquestionably strong financial sector. It has withstood significant shocks, such as the Global Financial Crisis and the COVID recession, without … Continue reading APRA taps the brakes

Monetary Policy Remains Conducive

Monetary policy remains conducive to house price growth, but headwinds could be on the horizon Commentary by Eliza Owen, Head of Research, CoreLogic Australia Today the RBA maintained its current monetary policy settings, with the cash rate target remaining at 0.1%, and the interest rate on exchange settlement balances at 0.0%. Likewise, there was no change to the rate of government securities purchases with purchases … Continue reading Monetary Policy Remains Conducive

The Tax Deduction Set To Draw Investors To The Block Auctions

An astounding amount of depreciation deductions have been identified on The Block 2021 according to the show’s Executive Producer, Julian Cress. BMT Tax Depreciation was asked to estimate the depreciation deductions available on this season’s properties and found the total maximum deductions to range between $3,091,000 and $3,610,000 per property, with the highest found in Kirsty and Jesse’s House 5. Depreciation, the natural wear and … Continue reading The Tax Deduction Set To Draw Investors To The Block Auctions

Listings Fall Over September

Pick up in new listings for the start of spring Key Points• National residential property listings fell in September 2021 by 0.6% to 214,566 from215,911 in August. Compared to 12 months ago, listings dropped 25.9%.• Nationally, new listings (Less than 30 days) rose 11.9% over September, with 73,812new properties added onto the market. New listings are up 18% over the year. Oldlistings dropped 4.1% in … Continue reading Listings Fall Over September

Belle Property To Open Two New Offices in Townsville, Queensland 

Belle Property has announced the launch of two new offices in Townsville, Queensland, led by Principal, Ella Geaney. Formerly operated by Ray White Geaney Property Group, the rebrand of the group’s CBD and Bushland Beach offices shines a spotlight on the area’s growing reputation as a premium lifestyle location. Commenting on the launch, Belle Property CEO Peter Hanscomb said, “We’re thrilled to grow our North … Continue reading Belle Property To Open Two New Offices in Townsville, Queensland 

Melbourne earthquake: Can you make a home insurance claim?

Victorians are being urged to check their home insurance policy, as the state records a 5.8 magnitude earthquake, the largest in nearly 200 years. The quake hit near Mansfield, about 150 kilometres east of Melbourne, at around 9:15 a.m. AEST today. Emergency services reported tremors as far north as Dubbo and Sydney, both about 700km from the epicentre. Finder checked 11 home insurance policies and … Continue reading Melbourne earthquake: Can you make a home insurance claim?

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