The Queenslander ranks #3 in Aussie property searches
Yep, we’re talking about the Queenslander. It’s an icon of the Brisbane market and, according to recent Domain data, the third most searched-for house type in Australia. You’ll find them dotted in prolific numbers throughout hillly inner-city-suburbs like Paddington and Red Hill. But you’ll also find some great examples reaching south into northern New South […]
Hold on! Hold times increase
Aussies held on to their properties for an average of 9.9 years according to the most recent CoreLogic Pain and Gain Report this was up from 9.2 years from the previous quarter. In Brisbane, profit-making sales were held for an average of 9.1 years for houses and 8.1 years for units. Whereas loss-making sales were […]
Market update: Unit values on the rise
That might not seem like a huge increase, but it’s a notable turnaround compared to recent years where prices have stagnated due to an oversupply, then took a dive from their post-COVID peak. What’s driving this uptick in unit values? The Herron Todd White Month in Review for April 2023 points to the relative affordability […]
Market update: Rate rise just a ‘speed bump’ on road to recovery
This follows 10 consecutive monthly rises and a brief reprieve in April, which turned out to be all too brief. What will it do the property market? Well from what we can see, economics are using words like “soften” and “slow” but it’s not likely to stop the recovery that we appear to be seeing […]
Brissie building costs top the nation – but some relief is in sight
In Brisbane, renovators and new home buyers were faced with a steep hike in building costs of 10.5% last year. While building costs are still forecast to increase this year, they have slowed substantially, according to data from quantity surveyors Rider Levett Bucknall (RLB) published in Domain. Costs are tipped to increase 5.1% this year […]
Step inside the prestige property portfolio of King Charles III
A property portfolio worth a whopping $26 billion was also passed down from Queen Elizabeth. That’s a step up from the $2 billion portfolio he held as the Duke of Cornwall, reports realestate.com.au. Prince William inherited that collection of bricks and mortar when he took the title last year. For a great glimpse at the […]
Market update: Are we seeing a new cycle or a dead cat bounce?
In investment speak, this phrase refers to a temporary recovery in prices after a substantial fall. So is that what’s happening in the Brisbane market? Or is last month’s uptick the beginning of a new growth cycle? In truth, it’s probably still too early to tell. Earlier this year, most commentators agreed that price falls […]
Is the ‘Fonzie Flat’ the solution to Australia’s housing shortage?
The popular 1970s TV sitcom character played by Henry Winkler lived in a flat above the garage of his best friend’s family home. Given Australia’s current rental crisis, the Fonzie Flat has been proposed as a potential solution to boost housing supply. “Not enough houses are being built each year or have been for the […]
Is Aussie property risky business? This global report says so.
On the contrary, CoreLogic says we can be cautiously optimistic about the strength of our property market. “Many households have accrued strong savings buffers through the low interest rate period, and labour markets remain extremely tight” writes Eliza Owen, Head of Residential Research with CoreLogic. “Housing market conditions are turning a corner amid low stock […]
Market update: Brissie rents rise 12% over 12 months
This is a slower rate of growth than the last quarter of 2022 which saw Brisbane rents grow by 2.2%. According to the latest CoreLogic rental market update, Brissie rents have now risen by 12.3% over the 12 months to the end of March 2023. The growth in rent is due to the ongoing lack […]
