Why Investors Should Make a Comeback
Recently, Tim Graham from Reventon Property talked to Hotspotting founder Terry Ryder in a webinar about the Australian property market and how investors are seeking strategic opportunities to make the most of the key growth markets across Australia. Graham combats the five key talking points investors are making: Do you believe everything you read? Is […]
Rentals Snapped Up At Record Pace
Rentals Snapped Up At Record Pace Rental properties are being snapped up faster than ever before, with new data revealing they stay on the market for an average of only 19 days. PropTrack analysis shows the city where properties rent the quickest is Brisbane, where they last an average of only 15 days. Adelaide properties […]
Auctions Stabilise As Clearances Improve
Auctions Stabilise As Clearances Improve While auction clearance rates remain below the lofty levels achieved in 2021, they have increased for the third week despite a rise in listings. CoreLogic figures show the national preliminary clearance rate last week was 62% based on 1,603 properties listed for auction. That is 2 percentage points higher than […]
Buyer Priorities Are Changing
Buyer Priorities Are Changing Homebuyer demands are continuing to evolve as Australia emerges from the long period of Covid lockdowns. Developer Mirvac’s latest customer survey reveals the top priority of many homebuyers is the location rather than the house. They survey finds that 70% of homeowners had as their top priority being within walking distance […]
Queensland investors to be slugged with massive land tax bills
Introduction of a new tax regime in Queensland or a cash grab scheme? Investors who own properties in Queensland as well as other states are set to be slugged with massive land tax bills following the introduction of a new tax regime in Queensland. New legislation was passed on June 24, which allows the Queensland […]
Building Costs To Ease Next Year
Building Costs To Ease Next Year Surging construction costs have made many projects unviable, with a number of developers deciding to shelve projects until next year when prices are expected to ease. Quantity surveying firm Rider Levett Bucknall (RLB) predicts increases in construction costs will slow from 11.5% this year to 5.5% in 2023 on […]
Govt Charges Deter Foreign Buyers
Govt Charges Deter Foreign Buyers While Australia needs foreign investment to help power the economy, higher application fees for foreign investors are expected to deter them from buying here. Property Council of Australia chief executive Ken Morrison says the July 29 doubling of foreign investor fees is not a solution to fix housing affordability issues […]
Migration Lift Will Increase Rents
Migration Lift Will Increase Rents Plans to increase migration into Australia could cause rents to increase further. CoreLogic Head of Research Tim Lawless says the market is already experiencing dramatic rent increases as a result of a national vacancy rate of just 1%. With the Federal Government indicating it wants to fill labour shortages by […]
Borrowers Refinance For Lower Rate
Borrowers Refinance For Lower Rate The number of mortgage holders refinancing has surged following recent interest rate rises. Refinancing of existing loans has increased 17% in the past few weeks, while all lenders are reporting very strong levels of inquiries about refinancing. Borrowers are being encouraged to review their interest rates annually to ensure they […]
The Face Of Housing Is Changing
The Face Of Housing Is Changing The location of Australian housing is changing, with new homes now being built outside of traditional residential areas. The number of apartments approved for mixed-use settings, such as the above retail projects, is on the increase with Australian Bureau of Statistics figures showing mixed-use or city centre approvals accounting […]