50,000 lots unlocked in SEQ to meet land demand
Source: Queensland Government Almost 50,000 residential lots are being unlocked in South East Queensland since the 2020 State election, helping to cater for the region’s current and projected population surge.The lots have been made possible following the creation of the Growth Areas Team and thanks to more than $92 million in targeted funding from the Palaszczuk Government.Deputy ...
Will Queensland's Property Prices Win Gold After the 2032 Olympics?
Although some 11 years away, the 2032 Olympic Games is on the lips of most Queenslanders – particularly among Brisbanites – whose home city has been declared host of the event. However, it’s not just the excitement of the world’s largest multi-sport event that has tongues wagging. Hosting the 2032 Olympics and Par...
Property sales now 60% higher than both 2019 and 2020
Author: Bianca Dabu | Source: Real Estate BusinessSales have soared by over 60 per cent compared with 2020 and 2019 in what’s a testament to the continued recovery of the property market, a new report has revealed.REA Insights’ latest Housing Market Indicators Report found that preliminary weekly sales over the first six months of the year were 60.7 per cent higher than the sam...
Australia's Property Market Pressure Index
Source: Propertyology With property prices rising all over Australia the degree of pressure within property markets has reached all-time record levels.Australia's rising-tides-lifts-all-ships property market is currently underpinned by two common denominators: on the deman side is record low interest rates while the volume of dwellings listed for sale is as tight as a mouse in a matchbox.Contr...
Regional movers at highest level since 2018
The level of movement of capital city dwellers to regional areas is at a three-year high, while net regional migration in the latest quarter is 66 per cent higher than a year ago, according to research.The Commonwealth Bank of Australia (CBA) has released its Regional Movers Index in partnership with the Regional Australia Institute (RAI), which has shown the changes in populati...
14 Sunshine Coast Markets Join the Million Dollar Club
Despite a tumultuous 12 months for the Australian property market, from COVID-induced dips to new record high peaks, CoreLogic’s inaugural Million Dollar Markets report released today has identified 218 markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021 compared to May 2020.The report also highlights how the current housing market upsw...
Rents Rocket in Regional Queensland
Source: REIQ Rents in regional Queensland continue to rise with some regions posting double digit growth, according to the latest data from CoreLogic. The value of rents in Australia’s regions grew 9.4 per cent on average in the year to April, far outpacing rents across the capital citi...
9 Facts You Should Know About Australian Property
Here are some interesting Australian property facts you should know. They’ll come in useful when the property pessimists, who are out once again now that our property markets have reached new heights, get into your ear:1. There are 10.6 million dwellings in Australia valued at a total of $8.1 trillionThat’s almost 3 times as valuable as all the stocks listed on ...
Growth in regional rents is almost 3 times that of capital cities
CoreLogic has released its Quarterly Regional Report, which revealed the annual growth rate of combined regional dwelling values (13%) was more than twice that of the capital cities (6.4%) in the 12 months to April.Remarkably, rent values across the combined regional markets have outpaced capital city rents even more - regional rent values increased almost three times as much as the capita...
