Market Update: Federal budget announced, what’s in store for property?
The extension of the First Home Loan Deposit scheme was one of the few housing-related measures with an additional 10,000 places being made available. The added places in the scheme do come with a new set of requirements, restricting those utilising the places to the building of a new home or purchase of a newly […]
Home loan approvals are about to get easier
Since then debate has raged over whether this is a smart move to help Australia’s post pandemic recovery – or whether this will lead to a dangerous credit binge. The changes will effectively shift the onus of responsibility from banks to buyers to make sure they can afford their loan repayments. Banks will still need […]
Brisbane home values grew last month
In fact Brisbane dwelling values grew 0.5 per cent in September, one of the highest growth rates of any capital city in Australia. This takes us to a healthy annual growth rate of 3.8 per cent. Sydney and Melbourne both saw price drops, dragging the national result down by 0.1 per cent, although this was […]
Market Update: The BEST entry level suburbs to buy into in Brisbane right now
Although we’re always weary of claims of extreme rise or decline, Brisbane has a strong record of stability and steady growth. While houses have averaged approximately 25 per cent growth over the last 5 years (or 5% per annum), Property Update have identified two entry level suburbs (both on the Northside) that continually outperform the […]
#2 Ways to live the New Farm lifestyle for a North Lakes price tag
Sounds too good to be true? Well it’s not without risk, but it is possible through ‘rentvesting’ or ‘buddying up’ to buy. If you want to live the New Farm lifestyle but can only afford North Lakes – rentvesting could be something to consider. “Rentvesting is about buying where you can afford and renting where […]
How to slash your deposit saving time from 4.5 years to 13 months
But first timers using the government’s First Home Loan Deposit Scheme have fast-tracked their saving time to just 13 months. How does that work? The Domain First-Home Buyer Report 2020 calculated the time it would take to save a 20% deposit for an entry-level home, based on an average-earning couple aged 25 to 34 years […]
Market Update: Brisbane property prices holding firm
Brisbane values were just 0.1 per cent lower in August, compared to the prior month. This compares favourably to a drop of 0.9 per cent over the previous three months. Overall, Brisbane values remain in positive territory compared to a year ago, up 3.5 per cent, reports CoreLogic. Prices are holding strong in our local market […]
Investors prepare to cross the border
Brisbane in particular is an emerging hotspot, with 36% of investors favouring our growth prospects, compared to 27% who’d invest in Melbourne and 18% who’d consider Sydney. The insights come from the latest Property Investment Professionals of Australia Annual Sentiment Survey. Just over 1000 investors participated in the survey which was released this month. Overall, […]
First home buying frenzy continues
First home buyers accounted for one-third of all Queensland homes purchased in the last quarter, according to the Real Estate Institute of Australia Housing Affordability Report released this month. Across Australia, Queenslanders accounted for nearly one in five of all first time buyers. The average loan size to Queensland’s first home buyers increased to $376,207, […]
Market Update: Rental affordability hits 13 year high, but rents tipped to rise…
“The proportion of income required to meet rent payments decreased to 23.3 per cent in the quarter, a decrease of 0.4 percentage points over the quarter and down 0.5 percentage points compared to the same time last year,” said REIA president Adrian Kelly. “Rental affordability has not been this high since December 2007, a positive […]
