First cash rate cut in years boosts buyers’ hopes for more, says REIQ
The Real Estate Institute of Queensland (REIQ) is welcoming the Reserve Bank of Australia’s (RBA) highly anticipated decision to lower the official cash rate by 25 basis points to 4.10 per cent – improving borrowing capacity and providing mortgage relief. REIQ CEO Antonia Mercorella said the first rate cut in more than four years (since […]
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 […]
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
Light rail extension from Broadbeach to Burleigh breaks ground, supporting over 700 good jobs
Statement Minister for Transport and Main Roads The Honourable Mark Bailey Major construction is underway on Gold Coast Light Rail Stage 3 (GCLR3), with upgrades to the Southport depot and essential underground services in Broadbeach and Mermaid Beach. Traffic changes are taking place on the Gold Coast Highway to relocate and upgrade major water main, […]
Pelligra, Giannarelli Secure Ritz-Carlton for $480m Coast Project
Hospitality giant Marriott International will bring its luxury hotel brand The Ritz-Carlton to the Gold Coast in 2026, its third hotel in as many years after a two-decade Australian hiatus. The luxury hotel brand will take up residency in a proposed $480-million hotel and superyacht marina at Mariners Cove in Main Beach being developed by […]
DDL Unveils $400m luxury Burleigh Development – TPG Continues Collaboration with David Devine
Artist impression of the Burly apartment building at North Burleigh Property magnate David Devine has launched plans for another $400m luxury apartment building on the Gold Coast defying the construction industry malaise. Mr Devine’s private firm DD Living lodged a development application with the Gold Coast City Council for a 24-storey high-rise in North Burleigh. […]
Gold Coast airport’s $260M expansion opens its doors
Following a $260 million terminal expansion, Gold Coast Airport is ready to welcome the rest of Australia and the world to its new 30,000sq metres domestic and international terminal. The three-level expansion doubles the airport’s footprint – supporting current and future growth for the popular holiday and business destinations of the Gold Coast and northern […]
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 […]