Farewell NHFIC. Hello Housing Australia.
And was it NFHIC or NHFIC. For NHFIC’s sake, we forget too! Their website tells us it was the National Housing Finance and Investment Corporation. But not anymore. From October 12 it has become Housing Australia as it takes on responsibility for an expanded remit, including delivery of social and affordable homes. So why should […]
Market update: Where are the growth spots in Brisbane?
Many of the biggest gains have been seen on the south side which means there is potential for great value buying here on the north before the price growth party steps up a gear. Nathan, Mt Gravatt and Sunnybank all clocked up dwelling value growth in excess of 10 per cent over the past year. […]
Outpaced: land releases can’t keep up with growth
The settlement of 24,226 vacant blocks was down 16.2 per cent on the prior year, according to the digital property settlement firm PEXA’s inaugural Residential Land Report, published by news.com.au. The drop in supply, but continued demand, saw vacant land prices in Brisbane increase 9.4 per cent in the 12 months to 30 June 2023. […]
What property buyers want
A recent article confirms we love our outdoor spaces, but also want more indoor space. “Additional rooms, such as studies and granny flats, became popular during the pandemic as buyers sought out a private space to work from or additional rooms to house extended family members,” reports realestate.com.au. “This trend has continued as property owners […]
Market update: Listings stay low as prices climb
The number of homes newly listed for sale in Greater Brisbane was 7.3 per cent lower in September compared to August, according to PropTrack data published on realestate.com.au. Year-on-year the number of new listings in Greater Brisbane fell by 4.2 per cent. Meanwhile total listings have dropped by 14 per cent over the past 12 […]
Hot spot alert: Aspley units and townhouses grow more than 40%
Prices peaked at just above $590,000 in February, representing a 25 per cent increase in value over 12 months, reported Australian Property Investor. Prices came off the boil a little as the rate rise party slowed growth, but since the middle of this year, we’ve seen prices plateau and start to show signs of an […]
#7 Spookiest spots in Brisbane
Amongst the ghoulish landmarks are some of Brisbane’s best known homes. Check out #7 spooky spots that will get the heart racing. Newstead House, Newstead is one of Brisbane’s oldest mansions and open to the public for those who want to experience ghost stories first hand Whepstead Manor, Wellington Point is an historical home reportedly […]
Market update: Brissie sellers bag a median $250k in resale profits
That’s not a bad pay day. All up 94 per cent of Brisbane sellers made a profit and the median time sellers held a profit-making property was 8.6 years, according to the latest CoreLogic Pain and Gain Report. Loss-making sales represented 6 per cent of the Brisbane market and the median loss was $34,500. The […]
Airbnb facing cost hikes to offset affordability woes
The short stay rental market has come under fire for contributing to Australia’s housing woes and governments are looking for ways to tip profits from the sector back into affordable housing. Critics argue that Airbnb and other similar platforms take houses and apartments off the long-term rental market, making it hard for tenants to find […]
Rents tipped to drop in 2024… is it true?
Only time will tell, but some signs are pointing in that direction according to a recent media report. The big factor touted to end rent rises is an end to interest rate rises, and many commentators are suggesting we’ve now hit a plateau on the rate rise rollercoaster. Another factor is that income growth may […]
