A sell-off by Sydney and Melbourne property investors has left Brisbane with the worst rental crisis in the nation – the amount of rental stock in the city has now shrunk to half of its usual level. With a vacancy rate of 1 per cent the city is under exceptional strain – and rents are…
Survey points to fresh surge in Gold Coast population amid growing housing crisis
Mayor Tom Tate has called on the state government to tick off on changes to the City Plan amid warnings the Gold Coast’s housing crisis is set to intensify. A report commissioned by the Property Council has shown 85,000 people from Sydney and Melbourne intend to move to the city in the next five years…
Queensland property growth eases from sprint to a run
Property prices continue to rise across Queensland, albeit at a more modest pace, according to quarterly median sales results released by the Real Estate Institute of Queensland (REIQ) today. The June 2022 quarter (April – June 2022) revealed that Queensland’s median house prices rose by 3.61 per cent, while median unit prices still inched up…