From doom to boom: latest CBA house price forecast
Fast forward to September and the banking giant says we’ve actually seen a “best-case scenario” in all states but Victoria and prices will likely rise in the second half of 2021. CBA is now forecasting average capital city price falls of just 6 per cent, then a rise of 3 per cent in 2021, the […]
Market Update: Spring Selling Season
In reality the spring season only sees on average 1-2% more sales than any other season. But the real question is, what can we expect this spring with COVID in play? Well, the gurus are all saying we will continue to see heaps of buyer activity, this is motivated by factors including the decision this […]
Will history repeat a 65% post-crisis growth spurt?
Capital city dwelling growth shot up a staggering 39 per cent in the three years from the end of December 2008 – the time Australia began emerging from the GFC. In regional areas, dwelling values skyrocketed a whopping 65 per cent, according to the joint study from Property Investment Professionals of Australia (PIPA) and CoreLogic. […]
First home buyers winning with 2020 incentives
This week, the National Housing Finance and Investment Corporation have reported on the first round of the Government’s First Home Loan Deposit Scheme (FHLDS) that was launched in January 2020. The scheme is designed to help out buyers to purchase their first home with a deposit of as little as 5 per cent of the value […]
Market Update: Brissie Stat Check
At the beginning of 2020 we saw a pause in growth of home values, and that’s pretty much where they’ve stayed, holding steady with less than 1 per cent movement. Now sales activity has picked up again and has recovered 74 per cent since April. In total we’ve had 4.3 per cent home value growth […]
COVID couch surfers saving big time
A Finder survey says 5 per cent of its 1000 respondents (equivalent to 971,185 Aussies) had turned to co-living in recent months. The research comes off the back of an ING survey we mentioned last week that showed savvy millennials were using lockdown to turbo charge savings for a home deposit. These super savers were […]
#16 Top Brissie burbs boasting 400% growth
Today houses in this luxe city fringe locale command a median price tag of just over $1 million. Windsor tops the list of the 16 highest growth suburbs in Brisbane over the past two decades. Another northside fave to make the cut was Stafford, which has seen 410 per cent growth from a median of […]
Market Update: Brissie Buying Flurry
We’re seeing high demand from first home buyers, looking for their first home and upgraders and families looking for more spacious and versatile homes. There’s hot competition for homes in those categories and they’re getting snapped up fast. A recent ING report said around half of Aussie first home buyers believe the pandemic has made […]
#5 Must-have home features tipped to trend post COVID
How will our experience of a pandemic change the way people want to live? A lot of speculators have forecast a tree-change or sea-change spike, as people switch to remote working. And what about our homes? Property Update’s Michael Yardney has shared his thoughts on where buyers will turn their attention post COVID. We’re not […]
REIQ says latest data shows trend to lifetime renting
Regional Queensland hubs in particular are seeing vacancy rates below 1 per cent. While Brisbane’s outer regions and Moreton Bay are below 2 per cent. Inner city Brisbane is sporting a vacancy rate of 3.9 per cent having ridden out a surplus of rental stock only to be hit disproportionately hard with tough COVID conditions. […]
