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 […]
Property Buyers Purchase Second Apartments At Jewel Private Residences
Investors are returning to the Gold Coast and those active in the prestige market are discovering a unique opportunity at Jewel Private Residences, with prospects so good, several buyers have purchased a second apartment. The opportunity to take immediate ownership of a brand-new luxury apartment attached to an award-winning five-star international resort hotel on absolute […]
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 […]
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 […]
Gold Coast a honey pot for wealthy buyers with cash deals dominating luxury apartment sales
Artist’s impression of DD Living’s $457 million Royale Gold Coast at Surfers Paradise The Gold Coast property market has become a honey pot for cash buyers of luxury apartments, with one of the city’s most active project marketing groups revealing that interest rate increases are having no impact on sales of $3 million-plus holiday homes. […]
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 […]
Average new Aussie first-home buyer won’t get into property market until 2049: Finder
Those who start saving today have a mountain to climb before they can buy a home, new research suggests. A first-home buyer who started saving a deposit for the average Aussie house would only have enough money to get a loan by the year 2049, new modelling of earnings and prices reveals. It would be […]
Escape for the summer: Where interstate property buyers are looking in QLD
The Queensland suburbs where interstate property seekers are looking to buy have been revealed. The Queensland suburbs where interstate property seekers are looking to buy have been revealed as homehunters look to the Sunshine State for a summer escape. New data from PropTrack shows the Gold Coast is undoubtedly the most searched location among prospective […]
Royale Gold Coast: Right Royale Beach Luxury
Originally article published in the Gold Coast Bulletin – Real Estate Magazine – 31 December 2022.