Property prices up but cost of living still appealing in Brissie
These days there’s not much difference between Brisbane and Melbourne and in some ranks Brissie tops Melbourne for prices. But a recent analysis has found that we’re still one of Australia’s most affordable cities when it comes to the overall cost of living. “The latest Cost of Living Index by City published by data company […]
Top #3 bargain burbs for 4 bedders near the city
That can be a challenge if you have a larger family or need a home office space. Larger homes in middle or inner ring areas can therefore command a premium. So if you need space, it pays to know where you can find the cheapest four bedroom homes near the city. A recent analysis by […]
Market update: Brissie’s hot market emerges from winter
Instead Brisbane recorded “robust growth” in sales volumes during the winter months compared to last year. Preliminary sales in July were up 31.7 per cent compared to the prior year and up 19.4 per cent compared to the prior month, reports realestate.com.au. Is this a sign that sellers are ready to return the market? Certainly […]
Are Americans making pre-election escape plans to Australia?
It seems people in America are also interested in escaping it with recent overseas property search data revealing a significant jump in US searches in Australia. Overall overseas searches in July rose 9 per cent month-on-month and 3 per cent year-on-year, reports realestate.com.au. “There has been significant year-on-year growth in searches from the United Kingdom, […]
Brisbane and Perth go head-to-head in property state of origin
But did you know it’s the west coast that has been shining the brightest with Perth clocking up nation leading growth of late. Now Australian Property Investor magazine is tipping that it’s Brisbane’s time to shine, A recent shift in investor sentiment heralding a turning point in the property face-off between Western Australia and Queensland. […]
Market update: Brissie sellers reap nation-topping profits
To be exact, a whopping 99.5 per cent of Brisbane house sellers have sold for a profit, according to the Domain Profit & Loss Report. That translates to a median profit of $395,000. Unit sellers are also enjoying some good results, with 95.6 per cent making a profit. That’s a median profit of $155,000. These […]
Rental growth lowest in 4 years
Tenants won’t feel it in the hip pocket yet as Brissie rents dipped just 0.1 per cent in July, reports 9news.com.au. That’s not a huge drop but for tenants it’s a welcome relief from a price rise. Rents across Australia have risen 39.7 per cent in the past five years which equates to a median […]
Market update: More properties hitting the market
New listings in Brisbane in July were up 16.1 per cent from the same time last year. That’s almost double the growth in new listings nationally which rose 8.4 per cent. “The stronger new listings environment has resulted in more choice for buyers,” PropTrack director of economic research Cameron Kusher told realestate.com.au. More listings are […]
High interest rates: friend or foe?
If you’re a new homeowner with a whopper of a mortgage you’ll feel somewhat less positive towards rate hikes. But a recent Domain article suggests property buyers should be thankful for interest rates. Here’s why: “Australia’s housing affordability crisis is accelerating, experts say, but would be worse if the Reserve Bank hadn’t begun raising the […]
#7 Brisise suburbs where investors are bailing out
The Queensland Government introduced new laws in recent months to cap rental increases at once a year. A recent article by Australia Property Investor speculates this may be contributing to a high proportion of ex rentals hitting the market for sale in postcodes such as 4031, 4059 and 4114. This includes the following suburbs: Kedron […]
