A report from this month by CoreLogic shows there’s an uplift of rental prices across Brisbane, up to 1.6 per cent over the end of January.Read more
SQM Research’s Housing Boom and Bust Report for 2020 forecasts an increase in Brisbane home prices of between 3% and 7%, a recovery from the sluggish growth recorded in the first half of 2019, The Courier Mail reports.Read more
In Queensland, home values are rising, interest rates are at a record low and rental yields are strong, according to a report from The Courier Mail.
If you want to purchase an investment property, you might want to look into properties in Queensland. Recent reports have highlighted the state for its resilience and affordability.Read more
The latest loan data is cause for optimism in the property investment market. According to the Real Estate Institute of Australia (REIA), the May 2019 Lending Households and Business figures released by the Australia Bureau of Statistics show this trend.Read more
The number of first homebuyers in the December quarter was at its lowest since the Australian Bureau of Statistics started to collect data, according to the Real Estate Institute of Australia (REIA).
President of the REIA, Peter Bushby, says the figures reveal that first time buyers believe property is too expensive.
“The latest Adelaide Bank/REIA Housing Affordability Report shows that first homebuyers made up only 12.5 per cent of the owner-occupier market compared to 13.6 per cent in the previous quarter,” he says.
Buyers are prepared to love thy neighbour and live closer to each other than ever before with approvals for medium density living now accounting for 43.4 per cent of new home approvals.
The latest Bankwest Housing Density Report found that approvals for medium density dwellings, that is units, townhouses and semi-detached houses, were up by 22.9 per cent on last year.
Approvals for stand-alone houses only improved by 6.5 per cent during the same period.
Bankwest executive general manager retail, Mark Reid, said their figures revealed it was a long-term trend, which he thought was driven in part by first home buyers.
“Data shows it is also a long-term trend, with approvals for medium density housing growing by a staggering 45.9 per cent over five years,’’ he said. Read more