This Week In Real Estate: Stockland Tips Lasting Property Sales Boom

This Week in Real Estate: Property news that you can trust

Vacancies Tight In Most Cities

Vacancies Tight In Most Cities

Vacancy rates remain below 1% in five of the eight capital cities and are 1.5% in Brisbane, according to the monthly report from SQM Research. Above-average vacancies in Sydney and Melbourne mean the national average rate remained at 2% in February.

SQM’s Louis Christopher says vacancies edged higher to 4.5% in Melbourne which remains “weighed down by underwhelming demand for rental accommodation”. Sydney’s vacancy rate rose 0.1 points to 3.3%.

Elsewhere, in PerthAdelaideCanberraDarwin and Hobart, the vacancy rate is below 1%. Brisbane’s vacancy rate also remained tight, down to 1.5% in February from 1.7% January. Christopher says it is very much a landlord’s market in regional Australia.

“We are still recording strong interest from tenants in larger properties in outer suburban locations as well as wider regional Australia,” he says. “Investment property owners in Darwin or Perth have also enjoyed a strong year of rental returns.”

Regional Prices Up, Affordability Down

Regional Prices Up, Affordability Down

Rising house prices in many regional centres means housing affordability has declined more in Regional Australia than in the capital cities, according to the Housing Industry Association Affordability Index.

HIA economist Angela Lillicrap says the regional index fell 3.7% in the latest quarter to return to the level it was in December 2019. The index is calculated quarterly for all capital cities and regional areas and takes into account dwelling prices, interest rates and wages.

“With the onset of COVID-19, consumer preferences have shifted towards detached housing and regional areas,” Lillicrap says. “Migration data shows more Australians left the capital cities in each of the first three quarters of 2020 than at any other time since records began in 2001. Because of this shift in population, house prices in regional areas outperformed the capital cities over the past year.”

Among the cities, Darwin experienced the sharpest decline in affordability during the quarter, followed by Brisbane and Adelaide.

Stockland Tips Lasting Sales Boom

Stockland Tips Lasting Sales Boom

Australia’s largest residential developer Stockland is seeing a lasting home sales surge that should push well beyond the end of government stimulus packages.

The lift in new home sales in February, driven by an annual increase of 2.4% across Victoria, NSW, Queensland and Western Australia, shows the industry has shrugged off the virus crisis, Stockland says. New houses on the outskirts of major cities and in regional areas are selling well alongside existing stock.

Stockland Communities chief executive Andrew Whitson says the HomeBuilder stimulus “has been a powerful economic measure, helping to generate jobs and investment”.
But the key drivers supporting demand are a shift in customer preferences to lower-density living, limited land availability and ready access to cheap finance. Whitson says these factors should offset the impact of reduced net overseas migration.

“The roll-off of HomeBuilder is likely to moderate second half 2021 sales in the eastern states, but sales are expected to remain strong with price growth over 2021,” he says.

 Sentiment Back Near 10yr High

Sentiment Back Near 10 Year High

The Westpac-Melbourne Institute Index of Consumer Sentiment increased 2.6% in March, with the Index now just 0.2 points below the December level which was a 10-year high.

The main factors driving the index are improving economic prospects, Australia’s success in containing the virus, the promise of vaccines bringing an end to the pandemic and stimulatory government policies.

The “time to buy a dwelling” index slipped 3.6% – a fourth consecutive fall to be down 11.9% from the peak in November.  “We have found this Index to be closely linked to affordability in the past,” the report says. “The decline suggests resurgent prices are already starting to curb buyer interest.”

On the other hand, the House Price Expectations Index increased 3.1% in March to a new seven-year high, 12.5% above its pre-pandemic level. The Index is a lead indicator of the confidence of investors, whose presence in the early stages of the housing boom has been overshadowed by owner-occupiers.

House price expectations are particularly buoyant in NSW, Queensland and WA.

New Home Sales Surge

New Home Sales Surge

Sales of new homes in the three months to February topped last year by 60%, as the Federal Government’s HomeBuilder program boosted demand for detached housing, says HIA’s economist Angela Lillicrap.

The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future home construction.

Lillicrap says HomeBuilder was the catalyst for improving consumer confidence in the housing market. A surge in sales was observed following the announcement of HomeBuilder in June 2020, which lead to strong sales through to the end of 2020.

“In December 2020, there was a near record volume of new home sales as households rushed to finalise contracts to build a new home before the end of the $25,000 grant,” she says. “The full impact of the extension of the HomeBuilder grant, at a value of $15,000, will not be observed until the end of March.”

The strongest surge in new home sales occurred in South Australia, up 150%, followed by Victoria (69%) and Queensland (60%).

Thinking of buying an investment property? Get a free consultation with a Reventon property advisor today!

Additional Resources​

Reventon Residential – For all property sales, property management and property rental related services, our well respected team can help you.

Reventon Investments – Residential Property Investment. We help everyday Australians build wealth safely through property investment. Book a free consulation today.

Reventon Finance – For all your mortgage and finance needs. Our multi-award-winning finance team can help you with home loans, investment loans, mortgage refinance and more. Have a chat to a finance specialist today.



Latest Posts

Free Resources

Social Media

Your Name *
Phone Number *
Email Address
Cover Letter
Maximum file size: 5 MB
Maximum file size: 5 MB



Book a free one-one-one consultation with our qualified, award-winning experts today!

Brick by Brick starts construction

Lead With Kindness #LWK23

$1 billion under management


Add Your Heading Text Here

Download our full guide

A valid Australian mobile phone number is required to access the password to open this PDF.

Format your mobile as follows: +61 412 456 789

The Legendary Luncheons

Record-Breaking 5th Year Vinnies CEO Sleepout

The Inaugural Lead With Kindness Event (#LWK)

To kick off our most special Vinnie’s campaign ever, we teamed up with the incredibly talented musicians Matt Charles and Andrew Loadsman to get into the studio and record our charity anthem ‘A Little Means a Lot’. Thanks so much to Mark D’Angelo and the Backlot Studios for bringing this poem to life. Still gives us chills everytime.

A Little Means A Lot

Brick By Brick

Reventon Snooker Academy

The New Reventon Office

Reventon Raises Over $100K For Vinnies CEO Sleepout

Chris Christofi once again spent a night sleeping on the streets for his 4th Vinnie’s CEO sleepout. After raising progressively more and more in previous years, Chris placed 4th amongst CEO’ss nationally after raising over $113,000, after Chris pledged to match ever donation dollar for dollar.

Despite being a virtual event this year owing to covid restrictions, Vinnie’s set a new donation record with $9.4 million raised nationally.

Chris pledged that the following year, he would be the first Vinnie’s CEO to raise over $250,000.

Vinnies’ CEO Sleepout

Chris takes part in his first Vinnies CEP Sleepout. He exceeds his $40,000 target by raising $40,185 placing him 12th out of 1,462 CEO’s nationwide and in the top $1% of fundraisers across Australia.

You can check out Chris’ first ever LinkedIn post talking about his experiences on that first sleepout by clicking here. 

Chris’ Second Vinnies CEO Sleepout

After raising over $40,000 the previous year, Chris and the Reventon team are determined to beat that, and this year manage to beat their target of $60,000, raising $60,564 for homeless Victorians, after Chris promised to match every dollar donation with 50c of his own money. This year Vinnies hit a new record of $7.87 million nationally.

Chris Christofi On His Third Vinnie's CEO Sleepout

After raising over $60,000 in 2019, this year Chris and Reventon manage to easily clear their target of $80,000 and raised $82,177 after Chris vowed to match ever dollar donated with 75c of his own money.

Matt Charles from We Gift Wrap worked with Chris to produce a song raising awareness of Chris campaign.

Reventon Accounting Launch

A range of financial, accounting and property services are brought under the Reventon banner   

  • Preparation of Financial Report and Tax Return 
  • Tax Planning  
  • Business Activity Statement, FBT Return, and Tax Instalment 
  • Business Restructuring and Setting Up a new Entity

Reventon accounting is proud to provide the following services:

  1. Preparation of Financial Report and Tax Return – As part of our annual tax-related compliance work, our team is proactively establishing the best tax minimisation models for you, and also, ensuring tax compliance on your account. 
  2. Tax Planning – Everyone need the ultimate planning and strategy in all parts of life, especially Tax. Our highly experience team will build a personalised  tax strategy and minimisation according to your situation and needs and ensure you a maximum advantages on any investment asset transactions. 
  3. Business Activity Statement, FBT Return, and Tax Installment –  Small business owners spend hours every week dealing with Tax Requirements (BAS, FBT, and Tax Installment) which is a valuable time that you could have spent growing the business and the profit. Let our expert team to take this hassle away from your shoulder so you can build a valuable business for your retirement. 
  4. Business Restructuring and Setting Up a new Entity – Entity structure is one of the five foundations of a business. Our knowledgeable team will ensure you to have a solid foundation so you can focus on building a business on top of it. Your investment is your business too, don’t overlook them. 
  5. Bookkeeping, Payroll, and other Business Compliance – Our team takes ownership on anything that we do. We ensure high quality work and compliance in any levels of Accounting and Tax Regulations – ASIC Corporate compliance, workcover insurance, business-required licensing and insurances, Single Touch Payroll and payroll-tax, Superannuation Tax and Regulations. 
10 tips for successful property investment PDF
How to Buy an investment property without a deposit
Property Investment in Bendigo
What's In Store For Residential Real Estate In 2022
Property Investment in South East Queensland
10 tips for successful property investment PDF
How to Buy an investment property without a deposit
Property Investment in Bendigo
Property Investment in South East Queensland
What's In Store For Residential Real Estate In 2022
Guide To Your First Investment Property

Online budget planner

Have trouble sticking to a budget?

With the budget planner, you can log your incoming and outgoing expenses to keep track of your finances and set saving goals.

Check out our other calculators too

Loan repayment calculator​

Want to work out your repayments on a home loan?

Enter the details of your loan and discover how much you’ll be paying each month.

Check out our other calculators too

Borrowing-power calculator

How much could you borrow on a home loan?

Enter your income details and spending habits to discover your borrowing-power on a future home loan.

Check out our other calculators too

Stamp duty calculator

Confused by stamp duty?

Enter the property’s value and state or territory to discover exactly which fees and charges you’ll be required to pay.

Check out our other calculators too

Income tax calculator

Want a breakdown of your income tax?

Drag the controller for your income and discover your take home pay and tax rates.

Content Unavailable

We’re making some changes to our website and the content you are looking for is currently unavailable. Please check back later or book a free consultation by clicking on the button below.