The Gold Coast apartment market has transitioned into the Covid-19 crisis in a much better position than it was going into the global financial crisis, planning and advisory firm Urbis says. In its latest quarterly survey, Urbis found that the Gold Coast market was tracking well, recording 265 sales in the first quarter of 2020,…
Enquiries for Inner Brisbane apartments remain strong according to Total Property Group
TOTAL Property Group has reported an increase in online inquiries for quality apartments in Brisbane’s hotspots, as Australians use their time in isolation to make plans for upsizing, downsizing and rightsizing into an apartment. TOTAL Property Group Managing Director Adrian Parsons said his team was handling a large volume of online inquiries for apartments listed…
Developers plan next stage of $100m masterplanned community
Developers have lodged an application for Stage 4 of a $100 million masterplanned community that will house 500 residents in Brisbane‘s north. Summerlin Estate at Banyo is expected to house about 500 residents in a mix of 206 townhouses and apartments when completed in about five years. Stage one of six was completed in 2017.…
First-home buyers with secure jobs still real estate shopping, dominate the apartment market
In the midst of pandemic pandemonium, Australia’s apartment market could stay afloat from young buyers with a deposit and job stability, as plummeting interest rates and cheap stock spark “once-in-a-lifetime” buying conditions. Units in Brisbane’s inner-city suburbs, apartments in Sydney’s western hot spots and entry-level abodes in Melbourne’s St Kilda could particularly survive the devastating…
Rentvesting: the back door to home ownership, especially for first-home buyers
As housing affordability continues to blow out and first home buyers continue to struggle to break into the housing market, a key but often ignored property strategy is coming into its own. Despite resurgent optimism for first-home buyers coming into the new year courtesy of the Morrison Government’s Load Deposit Scheme, a sobering reminder for rookie…
First Home Buyer Lending at Decade High
First home buyer loans hit the highest rate since 2009 with 10,086 commitments made in December. The First Home Loan Deposit Scheme is expected to further boost this result from the latest Australian Bureau of Statistics report. First home buyers accounted for 30.2 per cent of all owner-occupier commitments excluding refinancing with NSW recording 2,423…