Brisbane could be more expensive than Melbourne ‘forever’: Expert
Brisbane has hit a fresh record home price with experts tipping it could stay more expensive than Melbourne ‘forever’. The latest PropTrack Home Price Index, out Thursday, saw Brisbane home prices reach a new peak of $853,000 for all dwellings, after a 13.93 per cent jump over the year, while the median house value has […]
Queensland on the Rise: Brisbane is fast taking over from Melbourne as Australia’s second-strongest city
The Sydney-Melbourne rivalry has been a major part of the Australian psyche for decades. But Melbourne’s once unassailable position in the top two is under threat as Brisbane’s strong economic momentum sparks expectations it will soon gatecrash the exclusive party. Colliers Queensland chief executive Simon Beirne said Brisbane’s median house prices and office rents now […]
Massive 50pc price rise predicted ahead of 2032 Olympics
Experts have predicted a 50 per cent rise in home prices ahead of the 2032 Olympics as over $75m was spent on Sunday alone in a special 112-home mass auction – one of the biggest Brisbane has seen. The Ray White Brisbane 100, celebrating the group’s century of operation in the Queensland capital, saw $75.25m […]
WHY NOW IS THE PERFECT TIME TO BUY AN APARTMENT OFF THE PLAN
Opportunities to make gains on property are being snapped up in Southeast Queensland as population growth outstrips housing availability, driving up demand for apartments from buyers who would have traditionally purchased a house with a yard. A combination of strong population growth, dwindling building approvals, lack of new construction starts and significant infrastructure investment in […]
Queensland now the hottest target in Australia for overseas buyers
New data has found Queensland is now the hottest target in Australia for overseas property buyers, despite the state going through its highest prices on record. Latest PropTrack data on overseas searches for properties on realestate.com.au revealed Queensland was the most popular state for those looking to buy. “Queensland was the most-searched state by overseas […]
What are the predicted house prices for 2024 and 2025 in Australia?
Real estate prices across most of the country will continue to rise in the next financial year, led by sizeable gains in Perth, Adelaide, Brisbane and Sydney, a new Domain report has forecast. Across the combined capitals, house prices are tipped to increase by 4 to 7 per cent, while unit prices are anticipated to […]
More than one in four properties in Australia purchased with cash in 2023 – PEXA research
News Release Wednesday 13th March Melbourne, Australia: More than one quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, with buyers immune to recent interest rate hikes, according to a new report released by PEXA today. PEXA’s 2023 Cash Purchases Report found the total value of cash-funded residential sale […]
Unit prices forecast to outpace houses in coming years
Australia’s housing market is at an ‘inflection point’ with deteriorating affordability and increased stock causing price growth to moderate, according to a new report. These factors are expected to drive a softer pace of home price growth of 2.7% nationally in 2024 – around half that of the 5.52% annual growth recorded in 2023 – before bouncing […]
World-class Woolloongabba Urban Renewal – Brisbane 2032 Olympics
The State Government has announced that the largest urban renewal since South Bank is firmly underway with the Gabba Stadium Project Validation Report (PVR) complete, community consultation on the urban renewal started and a new name on the table. Deputy Premier Steven Miles is asking the community what they think of “East Bank”, as […]
Howard Smith Wharves’ Next Chapter: Plans Unveiled for the Riverside Precinct
The Howard Smith Wharves (HSW) precinct is about to embark on a new $20 million transformation, further enhancing its status as one of one of Brisbane’s most vibrant destinations. HSW Nominees Pty Ltd, the entity behind the wharves project has submitted a proposal to further evolve the precinct which includes new riverfront operations. Designed by […]
Brisbane home prices hit new record high, gaining on Melbourne
BRISBANE has led the nation in home price growth over the past month, with values hitting a new record high as homeowners brace for a potential rate hike next week, a new report reveals. Proptrack’s Home Price Index, released today, shows the city’s unit and house prices combined gained another half a per cent in […]
Queensland property continues to shine on: REIQ
Queensland property keeps proving itself to be a shining performer, according to quarterly median sales results released by the Real Estate Institute of Queensland (REIQ) today. The June 2023 quarter (April – June 2023) revealed that many of the Sunshine State’s property markets remain in an enviable position, with statewide median house prices rising by […]