#10 Suburbs were prices have leapt more than 25% in a year
The suburbs where prices have risen most tend to be in the top end of the price pack. The highest growth of any Aussie suburb was in Tyabb on Melbourne’s Mornington Peninsula where houses saw a 54 per cent increase, taking median values to $900,000. Brisbane took out third and fourth place on the list […]
Market Update: Cheaper to buy than rent in Brissie
As the result of record low interest rates, in Sydney, Melbourne, Brisbane and Adelaide buying is now on average about 55% cheaper than renting. Now these stats were based on outer ring suburbs. The example used for Brisbane was North Lakes; working on the average rent price for a house, $530/week, and the average purchase […]
Don’t rent a school holiday island escape. Buy one instead for $15,000!
But if the slice of paradise will only set you back $15,000 it’s not such a costly mistake to make. Where can you secure a slice of Queensland island life for less than the price of a family car? The lesser populated islands between Brissie’s bayside and Straddie will offer you just that. Russell Island, […]
Brissie rents were slashed up to 30% but are bouncing back
Across the city, average drops were far more moderate with some suburbs recording virtually no impact at all, reports Domain. But even the worst hit spots have started showing signs of recovery as lockdown restrictions have eased, putting more people back to work. Brisbane’s largest rental discounts were recorded in April, with the CBD recording […]
Market update: Straight stats rather than the media hype
This week Property Update has done reported on the stats for the month of June so far so we can gauge what is really happening. Justin wraps up how Brissie is performing. Curious about making a move in the current market? View our current listings for sale or talk to us about selling.
Is this ‘downturn proof’ suburb north Brissie’s best kept secret?
Now, with property commentators eyeing market movements like never before, this north Brisbane gem is emerging as one most likely to remain rock solid. Bridgeman Downs is showing all the right stats to weather any flurry of property market uncertainty, according to new research published on realestate.com.au. Household income is 70 per cent higher than […]
#3 Essential steps to secure your spot on the First Home Loan Deposit Scheme
The Australian Government scheme allows eligible first time buyers to purchase a home with as little as a 5 per cent deposit. Usually home buyers with less than a 20 per cent deposit need to pay lenders mortgage insurance. Under the FHLDS, the government essentially goes guarantor so you aren’t slugged with a hefty insurance […]
Market update: Cash rate still on hold + a steep rise in buyer activity
The low cash rate is helping to keep the housing market on it’s feet a conditions and keep borrowing costs low. The average owner occupier mortgage rates are averaging less than 3 per cent and the most competitive rates are close to the 2% mark. Many commentators are asking could we see a negative cash […]
Airbnb searches are picking up – what does it mean for you?
Like all travel operators, Airbnb – including its hosts and guests – have had to navigate the challenges of cancellations and uncertainty about future plans. But even before we started seeing the easing of travel restrictions it seems travellers were super keen to get back on the road. Airbnb searches in Australia increased sharply last […]
Rents grew more than 20% in these Brissie burbs last month
Houses in East Brisbane, Cleveland and Norman Park as well as units in Bulimba and Paddington clocked up growth of 20 per cent or more. Closer to home, perennially popular Everton Park claimed the fifth highest growth rate for median weekly unit rent, rallying 12 per cent in May. A rent movement in a single […]
