Reno Appetite Grows Australia’s appetite for renovation is continuing to grow despite increasing materials costs. National Australia Bank data shows that renovation loan demand is up by 16% in the 12 months to April 30. It says Queensland owners in particular are keen to renovate and upgrade their homes, with a 25% increase in renovation […]
Sunday Mail Brisbane Units winning the rent race by Aleisha Dawson South East Queensland apartments are now beating houses on rent price growth in 69 suburbs, and experts say the Brisbane 2032 Olympics will only accelerate the divide. The latest Rise and Rise of Apartments report from Nuestar and Hotspotting showed rental growth for apartments
Sunday Herald Sun Scene set for units boom by David Bonaddio Melbourne’s apartments, units and townhouses, long treated as the cheaper Plan B for buyers priced out of houses, could be the surprise winners of rising rates and government tax moves. A $382,000 gap between the city’s houses and its apartments has the latter expected
Hobart Mercury Hobart is the best buy by Jarrad Bevan New analysis from Hotspotting has revealed a surprising housing market sits atop the property prospects pile. Hotspotting’s Top 10 National Best Buys report for May ranked greater Hobart as its No.1. Director of the real estate research firm Tim Graham said Hobart has re-emerged as
Rent Jumps Predicted Major property industry groups are claiming rents will increase by up to four times what the Federal Government is predicting as a result of changes to Property Investment Taxes. Master Builders Australia, the Property Council of Australia, and the Real Estate Institute of Australia have released new modelling which they say shows
More Choice for Buyers The number of homes listed for sale is rising across Australia, with new data showing listings are 2.6% higher across the combined capital cities than at the same time last year. The biggest increase in overall listings is in Sydney, which is up 8.5% on last year followed by Melbourne, up
Pre-Fab Housing Solution The Federal Government is backing on prefabricated construction to help Australia meet its housing targets. Housing Minister Clare O’Neil has announced the introduction of a certification program for prefabricated homes. She says the Government has been investigating how prefabricated and modular construction is used overseas to deliver homes faster, more efficiently and
Smaller Cities Continue to Outperform Australia’s smaller capital cities have outperformed the larger markets of Sydney and Melbourne in the past 12 months. New data from PropTrack shows that Adelaide, Brisbane, Perth, Hobart and Darwin all achieved higher median price growth than the two big southern capitals. In the past 12 months Perth had the
Terry’s View – Strong Buying Window Emerging Amid the orgy of sensationalist news media that’s occurred since the Federal Budget was delivered on 12 May, the best course of action for investors is to look for the opportunities that will emerge when the dust settles. And make no mistake – there will be opportunities. The
Auction Market Cools The auction market is continuing to cool as Australia heads into its winter months. Last week across the combined capital cities, the preliminary auction clearance rate rose slightly from the previous week to 58.2% but remains well below results from earlier in the year. Cotality data shows national clearance rates have been
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