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…
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…
Sydney house prices headed towards a double-dip downturn
Sydney’s housing market could be on course for a double-dip downturn as early as next month, after prices slowed faster than expected in November, sparked by the Melbourne Cup interest rate rise and a large lift in listings, CoreLogic data shows. Home values in the city lifted by 0.3 per cent during the month, which…
FOMO returns amid high migration and supply shortage
Expectations of strong capital growth and robust rental increases fuelled by record migration are enticing a growing pool of property investors like Marc Woolfson back into the market, despite higher interest rates. “I think there are really good opportunities for property values to increase strongly due to limited housing supply and high migration,” he said. Melbourne-based…
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…
New Gold Coast Beachfront Development Release
TOTAL Property Group are proud to announce the forth coming release of one of the world’s most iconic beachfront addresses. These private residences offer lifestyle by one of the world’s leading luxury hotel brands. First sales release launching in December. Registrations for VIP priority access are now now available. REGISTER