Crystal ball prediction: Rates to peak in August
Can we trust their crystal balls? The problem with forecasts is that they are notoriously tricky to get right. The big banks pay their economists big bucks to get their forecasts as accurate as possible – so if you’re going to bet on any forecast, you might as well bet with the bank and not […]
#4 North Brissie burbs where unit values have doubled
New data from realestate.com.au shows Geebung units grew from a median price of $288,193 to $597,500 over a five year period, also making it one of Queensland’s fastest growing unit hot spots. Geebung is a well serviced suburb in Brisbane’s popular northside middle ring. It has the benefit of being on the rail line and […]
Market update: What’s behind the Brissie price surge?
We clocked up a 1.5% increase in house values in a single month, and 1.1% in unit values. They might look like small numbers but it accounts for a big blip on the property growth radar when you consider our dwelling growth for the quarter was 1.8% overall, according to CoreLogic data. So what accounts […]
B-listers: Which Brissie burbs just got booted from the Million Dollar market?
In May 2022 some 1,243 suburbs had a median house or unit price above $1 million. Come May 2023 that number had dropped to 988 suburbs, reports CoreLogic. Here in Brisbane we’ve seen 41 suburbs drop out of the prestigious million dollar property club. Should that be a concern? Well it depends on your point […]
Rental stress rife but some relief in sight
The report by the National Housing Finance and Investment Corporation (NHFIC) shows that most Queenslanders experiencing rental stress are in Brisbane following rental market increases of more than 30%. “Approximately 39,700 Brisbane households face acute rental stress or homelessness, slightly more than the rest of Queensland where 33,600 households are in rental stress,” NHFIC head […]
Market update: Will Brissie hit a new peak in September?
One thing we know for certain is that it’s an unusual market. Most property commentators predicted property prices would keep going down while rates kept going up. But instead Brisbane has seen a 1.4% rise in values in May, taking our quarterly values up 1.8%. Brisbane values are now -9.4% below the record high of […]
Have we reached a rate hike tipping point?
While many were predicting a property price plunge while the RBA rate rise party continued, we’ve actually seen a surprise uptick in property values. That’s a double-edged sword for mortgage holders because the RBA has warned further rate rises can be expected while inflation and property price growth remain high. But how many more rate […]
See the latest list of Brissie’s Best #11 Suburbs … plus #3 we think should make the cut
It’s a fine list, thanks Sitchu. Very fine indeed. And as proud north siders we’d like to offer a few more suburbs that are neighbourhoods we know well, and which offer some different price points for value hunters. Check out the Sitchu list of the best suburbs to call home: Ascot – affluent and village-like […]
Market update: Brissie homes grow more than $175,000 in two years
New data from Domain shows that median Brisbane house prices have grown from $629,570 in March 2021 to $805,818 in March 2023. That’s a whopping increase of $176,248! The price growth is reflective of “house prices skyrocketing through the boom and sustaining only small price falls during the downturn,” reports Domain. By comparison, Sydney houses […]
Garden gnomes and other unusual tax-time deductions
That means it’s time for landlords to get their investment property receipts in order. Most landlords will have an extra reason to rejoice this year as they can claim back some of the pain of increased interest payments thanks to Australia’s record run of rate hikes. But don’t overlook the small things, is the advice […]
