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 upswing ha...
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 cities ...
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 the Australia...
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...
It’s cheaper to buy than rent over half the properties in Australia
Australia has enjoyed a record-breaking surge in house prices with the steepest increase in almost 18 years recorded in the first quarter of 2021 alone.But a new REA Insights report reveals that despite the climbing prices, it’s still cheaper to buy than rent in nearly 57% of all the properties across Australia.The results, however, differ by property type – just over half of hou...
Federal budget 2021-22 & Home Ownership
The budget measures affecting property at a glance: Family Home Guarantee – This government guaranteed transitional loan is for single parents with dependents. It allows them to purchase a home with as little as a 2% deposit. The scheme will see 10,000 places made available over the next four years. This is a great outcome for both single men and women.New Home Guarantee – An e...
Asking rents soar to record highs in coastal areas
Rents have soared to record levels in many coastal areas in response to shrinking supply and rising demand from tenants moving out of the big cities and into regional and warmer locations.Asking rents for houses in the Gold Coast have surged 32 percent in the past 12 months to a record high, while units rose 16 per cent.Sunshine Coast houses also fetched record high rents, which rose 18.5 per c...
Queensland A 'Strong Bet' For Investors?
Queensland is likely to be the top destination for investors this year, as Sunshine Coast and Gold Coast record solid demand, according to the Real Estate Institute of Queensland (REIQ).Antonia Mercorella, CEO of the REIQ, said Queensland's property market was able to remain "extremely stable" over the past year. In fact, prices in the state have increased by 6.1% over the final three months of...
What stays and what goes when you buy a property?
You’ve just made an offer on your next investment property and it’s been accepted. That’s great news, but what actually comes with the property when you settle? Is it everything that you saw when you inspected the property?Clearly not – some of the items in the property belonged to the vendor.You didn’t really expect to get that big plasma TV thrown in, did you?But what about the dish...
