The new year has delivered good news for south-east Queensland homeowners, with property prices rising across the region. According to data from CoreLogic, housing values in Brisbane shrugged off coronavirus concerns to outperform both Sydney and Melbourne. “Brisbane housing values rose by 1.1 per cent over the month of December,” CoreLogic’s Head of Research, Tim…
Brisbane rents reach record high in December quarter 2020: Domain Rent Report
Unprecedented rates of interstate and overseas migration have sparked one of Brisbane’s strongest rental markets in a decade, with the city clocking record-high median prices that, in parts, are outstripping Melbourne. Rental prices for houses rose by $10 to $425 a week during the December quarter, with units following close behind at $400 per week…
Cross River Rail’s first mega machine to “disappear” under Brisbane
The Palaszczuk Government continues to deliver its plan for economic recovery with the first huge Cross River Rail Tunnel Boring Machine (TBM) about to head underground. Part of the Palaszczuk Government’s $50 billion infrastructure pipeline over the next four years, the TBM will lay the foundations for a new rail line and more construction jobs,…
Historic West End landmark to become ‘Soda Factory’ in new refurbishment
One of Brisbane’s most iconic buildings is set for a new lease on life, with West End’s historic Tristram’s soft drink factory to undergo a refurbishment and add to the local area’s burgeoning retail and dining options. The Soda Factory development will pay homage to the building’s nearly 100-year history and original use as a…
Roma Street entrance relocated
Roma Street station’s main entrance has moved 95 metres east towards the city and is now covered, between Makerston Street and Herschel Street pedestrian crossings. All access to train and busway platforms and the Coach Terminal will be through the new entrance. The changes mean a safer journey for commuters while the Brisbane Transit Centre…
Brisbane House Prices Hit Record High
Brisbane’s median house price has pushed past the $700,000 mark to reach a record-breaking $720,000, on the back of 4.4 per cent annual house price growth. Brisbane’s residential market has recorded improved demand, with transactions higher than pre-pandemic figures, according to the latest Queensland Market Monitor published by the Real Estate Institute of Queensland. The state’s peak…
