Market update: Buyers enjoying more choice
And as we now approach summer, our listings remain in a similar position. Brissie buyers are enjoying more choice than last year, but we’re still below pre-pandemic stock levels. In October new listings were up 5.3 per cent month-on-month, according to the latest PropTrack data reported on realestate.com.au. This is 7.4 per cent lower than […]
Aged 30 with 1.2 children: meet your typical first home buyer
Data from the Australian Bureau of Statistics shows that the typical Aussie first timer is younger than other buyers – between 25 and 34 years old – but otherwise not too different. The average household size of a first-time buyer is 3.2 people (yes, we know that you can’t have a fraction of a person […]
Should you really be stressed about mortgage stress?
However, banking stats show that Aussie homeowners are proving remarkably resilient in coughing up the dollars to make higher mortgage repayments. A report from September showed less than 1 per cent of mortgage holders were more than 90 days behind in their loan repayments, according to Australian Prudential Regulatory Authority (APRA) data published on realestate.com.au. […]
Market update: Rates go up as prices go down
You probably lost a few dollars at the races but you probably took a bigger hip pocket hit as the Reserve Bank of Australia hiked rates again. This is the seventh straight rate hike and it’s triggered six straight months of national home value declines. CoreLogic data shows home values across the country fell 1.2 […]
Are tiny homes the answer to Australia’s housing woes?
We’re not sure the financials add up, but we take our hats off to their enterprising solution, reported recently in realestate.com.au. The nation has been captivated with tiny homes in recent years and the charming promise of a simpler life, coupled with Instagram worthy cuteness. But as rents have risen, the appeal of plonking down […]
North Brissie burbs best bang for buck
The suburb of Fitzgibbon is just 16km from the city and offers a median house price well under $700,000. It’s one of our smaller suburbs but enjoys the amenity of neighbouring Carseldine and Taigum – and it’s close to our retail and commercial hubs here in Aspley and Chermside. North Lakes has also been tipped […]
Market update: the budget, inflation and you
And in recent weeks, a lot has happened. The Federal Government handed down its budget last month which had some big headlines for aspiring homeowners and renters. A key headline grabber is the promise of 1 million new homes built over five years as part of a National Housing Accord agreed by government, the construction […]
How to renovate your kitchen for $5k
This is just one of the tips Domain has shared to get you a kitchen reno on a $5000 budget. How does it work? Well, take marble for example. This is a pricey material and a popular addition to kitchens these days. But a marble benchtop can swallow a huge chunk of your budget. A […]
Where to find a rental under $400 per week
Yes, but it’s becoming increasingly tough across Australia, as rents have risen. In Brisbane, 1 in 10 homes and 1 in 5 units are advertised for rent below $400 per week, reports realestate.com.au. Not all suburbs are equal when it comes to affordability. Not surprisingly, Brisbane’s outer burbs are offering the most value. But you […]
Market Update: Listings are up
Across Australia new listings – defined as those on market less than 30 days – rose by 3.8 per cent in September, according to SQM Research. That equates to more than 74,000 new properties put on the market ready for the spring selling season. Nationally, listings greater than 180 days old rose by 9.2 per […]
