Market update: Government ‘Home Builder’ Scheme
The scheme will fund grants worth $25,000 for home renovations between 4 June and 31 December. To be eligible, single applicants must earn less than $125,000 a year or $200,000 per couple. New homes valued up to $750,000 will qualify as will renovations worth between $150,000 and $750,000 that result in the property being worth […]
Housing rethink needed as work-from-home trend tipped to skyrocket
But will this still be the case as we emerge from lock down? “High density apartment living has proven challenging for all income earners during the pandemic, with lockdown and social distancing measures forcing many to stay within their apartments with limited access to outdoor space,” reports Savings.com.au. “The virus-induced shutdown that has forced many to […]
Dramatic COVID capital city reshuffle ranks Brissie #2
One forecast which caught our eye this past week rated Brisbane a healthy second place in a 12-month outlook of capital city markets. Affordability, a strong rental market (outside the CBD) and a balanced supply of housing were noted as our key strengths in new research from Propertyology, reported Savings.com.au. In an unthinkable result pre-COVID, […]
Market update: Stamp Duty, First Home Buyers, and Distressed Sales
Domain filtered listings of properties for sale looking for descriptions that included but were not limited to: reduced price, mortgage in possession, urgent sale, motivated vendor, or reduced price, between February and mid-May. Here in Brissie the number of distressed listings has actually fallen. The saving grace has been the government’s COVID-19 support packages and […]
Defiant Brissie market records a drop in distressed sales
Brisbane saw a drop of 0.1 per cent in urgent sales between February and mid-May 2020. Across Australia distressed sales remained virtually unchanged according to the Domain data, based on an analysis of listings featuring the words: reduced price, mortgage in possession, urgent sale or motivated vendor. Canberra also saw a drop in distressed sales […]
Market update: Confidence Comeback
During the past seven days, newly listed homes climbed by 2.7 per cent while mortgage activity rose by 4.3 per cent compared to the previous week, a further sign of improvement. This shows that confidence is returning to market off the back of eased social distancing restrictions, and government policies. Propertyupdate.com.au detailed the #3 early […]
#5 Wacky inclusions that sell homes: cars, Hemsworths and more
How about a sports star, or a Hemsworth? Check and check. These are just some of the wacky ways local sellers are grabbing buyers’ attention during these COVID times. The irony is, the lack of new stock on the market means you don’t need to compete for buyer interest. Serious buyers are squabbling like seagulls […]
Top landlord insurer stops selling policies during COVID
Now a top landlord insurer, Terry Scheer, has announced it will stop taking on new landlord insurance clients “until further notice”. It is a tricky time for affected landlords and tenants. As this decision highlights – insurers are also grappling with uncertainty. So what support is available for landlords who are affected by rental income […]
Market update: Drop in days on market driven by deluge of buyers
This week realestate.com.au reported properties were listed for a median 52 days in April 2020 compared with 60 days for the same period in 2019. A range of incentives available for buyers and record low interest rates have seen buyer numbers jump and spark competition for the fewer properties available for sale. Queensland is beginning […]
Brisbane’s home of the year … and how to plan your own grand design
Amongst the standout winners was Brisbane’s home of the year, a stunningly revamped Queenslander dubbed ‘Park Road House’. The architects, Lineburg Wang, took the top gong for their clever linking of the home and previously disconnected lap pool. “The regulatory pool fence, typically an obstruction between house and pool and a function that seeks to […]
