Market Update: Renting gets tougher with a TIGHT market getting tighter
New data shows the national residential vacancy rate dropped to 1.9 per cent in April, down from 2.1 per cent in March, according to SQM Research. In Brisbane it was lower at 1.4 per cent. This is well below the 2.5 per cent benchmark the Real Estate Institute of Queensland considers a ‘tight’ rental market. […]
Buyers crying out for new listings
Brisbane listings fell by 6.3 per cent in April compared to March and active listings dropped by 3.4 per cent. Over the year, active listings fell by 13.8 per cent, reports realestate.com.au. This showed buyers were still very active, according to REA Group director of economic research Cameron Kusher. “With demand at heightened levels, residual stock […]
#2 Bargain burbs offer buyer oasis in a hot market
Fortitude Valley and Bowen Hills are two inner city suburbs CoreLogic says haven’t kept pace with recent price growth. This means bargain buying could be found now and there’s room for future gains. Fortitude Valley prices have increased only 0.3 per cent in the past 12 months whereas Brisbane’s inner city values have risen 7.7 […]
Market Update: Brissie struts into global top #10 city list
We know we’ve got it made here in our subtropical slice of the southern hemisphere. But what are the judges looking for when it comes to an international sweet spot? The Economist Intelligence Unit considers things like safety and political stability as well as access to healthcare and education. Amenity and affordability, as well as […]
Market Update – Price growth continues following record high
May clocked up 2.2 per cent growth following a softer April growth spurt of 1.8 per cent. In Brissie we clocked up 1.7 per cent in April followed by 2.0 per cent in May – that’s a whopping 11.2 per cent higher than a year ago. It’s not just Brissie enjoying a boom. Of all […]
How much does it cost to build a house?
So are building costs also increasing? Yes – but on a much smaller scale. CoreLogic data shows that residential construction costs rose by 0.8 per cent over the three months to March. Annually they rose 3.3 per cent. Queensland’s construction costs slowed in the March quarter after a solid December quarter, bringing our overall growth back […]
Can a parking spot add $50k to your sale price?
A cashed-up buyer has reportedly paid $1.7 million for a parking spot in a high-end Hong Kong development, setting a new price record – and reminding us here in Brissie how affordable our property market really is. A Lendi survey found that almost six in 10 Australians were willing to pay extra for a home […]
Market Update – Prices bounce 10% from COVID low
A massive gap in affordability between Brissie and its southern capital city counterparts is one driver of future growth, coupled with record low interest rates, according to CoreLogic research director Tim Lawless. “That affordability gap between Sydney and Brisbane, and Melbourne and Brisbane will mean there’s no doubt more people are looking to markets like […]
How much housing choice does your salary buy?
But one factor that usually isn’t moveable is your budget. So let’s narrow it down. Based on your income, just how much of the property market can you afford? In other words, how much choice do you really have? Of course we’d all love an endless budget, but too many options can lead to ‘analysis […]
First timers read this: cash splash coming your way
First timers will be excited to see a spending spree to help them get a foot on the property ladder. So how much help can you get and what conditions apply? Let’s take a look at the details. Family Home Guarantee Who’s it for? Single parents seeking to buy their first home should check this […]
