Market Update: Rental undersupply continues
During March, median asking rents for houses climbed by 2.6 per cent to $583 in Brisbane. With a vacancy rate of only 1.3 per cent. In the current market landlords can re-negotiate at the end of lease and adjust their rents to the new market rate without the risk of an extended period of vacancy. […]
The #3 Brissie boom suburbs you’ve never heard of!
In fact Moreton Bay South, which neighbours the Brisbane City Council area, just a stone’s throw from Aspley, has seen growth of more than 30 per cent. This takes median prices to $656,000 according to PropTrack data published in news.com.au. Standout suburbs in the boom region include well known bargain hot spots like Everton Hills […]
#7 Brissie burbs you can buy into with just a year’s worth of savings
The First Home Loan Deposit Scheme – to be renamed the Home Guarantee Scheme – allows eligible buyers to purchase a home with as little as a 5 per cent deposit and avoid pricey lenders’ mortgage insurance thanks to a government guarantee. For Brissie buyers this shaves your average home deposit saving time from 4 […]
Market Update: Good news for those looking to break into the property market
The new Home Guarantee Scheme offers an additional 50,000 places, under three categories: The First Home Guarantee. The Regional Home Guarantee. Family Home Guarantee. The First Home Guarantee has been increased from 10,000 places to 35,000 places per year to assist first home buyers to purchase a new or existing property. The scheme guarantees up […]
Fixes for our housing woes: raid your super and ditch stamp duty!
These are some of the recommendations put forward in a recently released Australian Government report into housing affordability. The report contained 16 recommendations targeting state and federal government, spanning planning laws, taxes and incentives to boost housing supply. “Other key findings of the report were that state and territory governments should replace stamp duty with […]
How to shred years off your deposit saving time
For the average Brisbane buyer to save that elusive 20 per cent deposit they’ll need around 4 years and 10 months. That’s not too bad compared to Sydney-siders who need almost double that time, while Canberra residents need 7 years and Melbournians 6-and-a-half years, reports Domain. What’s that you say: What if I don’t want […]
Market Update: Will house prices really drop by a third?
Some number-lovers have even posed a whopping 30% price drop. An article on news.com.au cites an RBA research paper which showed that for ever 1 per cent drop in the official interest rate, housing prices increased by 30 per cent over three years. So the reverse must be true right? In truth, no one has […]
Brisbane’s growth last quarter was the fastest on record
An increase in Brissie property prices of 9.6 per cent between September and December 2021 sent calculators into overdrive at the Australian Bureau of Statistics. “The 9.6 per cent rise in Brisbane is the biggest quarterly rise in that city since the ABS began its record keeping in 2016,” the ABC reports. “Prices have now […]
#10 Most affordable suburbs with CBD proximity
So how do you go about getting the best bang for your buck, particularly when Brissie property prices have sky-rocketed in recent years? It comes down to identifying suburbs that offer relative affordability compared to their neighbouring burbs. Domain recently published a list of Brissie burbs in the coveted 10km ring that still offer housing […]
#30 Brissie burbs with 30% price growth
Stafford saw a whopping 38.1 per cent growth and neighbouring Stafford Heights clocked up 33.9 per cent. These gentrifying suburbs continue to excite value-seeking buyers with proximity to the city, growing amenity and relative affordability compared to neighbouring blue chip burbs. Gordon Park has also represented good value buying compared to its pricier neighbours. Meanwhile, […]
