Sydney v Melbourne: what’s behind historic house price shift
Sydney has long commanded a house-price premium over Melbourne but that premium has recently hit historic extremes. The typical house in Sydney now fetches a 70 per cent premium relative to the typical house in Melbourne. To put it another way, median house prices in Melbourne are about 41 per cent cheaper than in Sydney. This […]
More than one in four properties in Australia purchased with cash in 2023 – PEXA research
News Release Wednesday 13th March Melbourne, Australia: More than one quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, with buyers immune to recent interest rate hikes, according to a new report released by PEXA today. PEXA’s 2023 Cash Purchases Report found the total value of cash-funded residential sale […]
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 […]
Brisbane and Kangaroo Island become the only Australian locations to be named in top 50 list of ‘world’s greatest places’ for 2023
Brisbane has beaten every other Australian capital city to be crowned one of the “The World’s Greatest Places of 2023”. The Queensland capital was named in TIME Magazine’s list of top 50 places across the globe, which was unveiled by the publication on Thursday. In order to compile the list, TIME said it solicited nominations […]
Brisbane faces worst rental crisis in country
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 […]
Australia ranked in the top 10 best places for expats to live and work globally
Australia is ranked by expats to be among the top 10 countries to live and work abroad, with positive attitudes towards work-life balance and a flexible and creative business culture supporting the result. The Expat Insider 2022 survey ranks Australia as number nine overall among countries that are the best to build a career abroad. Australia’s strong jobs […]
Australia’s Top 10 Builders Weigh In On Construction Industry
Australia’s construction industry is navigating treacherous market conditions as global supply chain pressures and cost escalations push a number of builders to the brink. Labour shortages are likely to overtake materials costs as the main driver of inflation in the coming months as Australia competes with the rest of the world for skilled workers. However, […]
Interstate purchasers set on Royale Gold Coast’s rare northeast-facing absolute beachfront apartments
Buyers of luxury apartments say nothing else on the market compares to Royale Gold Coast for beachfront living and amenities of unsurpassed and enduring value. Certainly, Royale is going to offer us exactly the lifestyle we are looking for. We haven’t seen any other development on a beachfront site like Royale with such extensive resort-style […]
Interstate purchasers set on Royale Gold Coast’s rare northeast facing absolute beachfront apartments
Strong interest in Royale Gold Coast from interstate and expat buyers continues as demand for unique lifestyle experiences and premium quality apartments is matched by Royale’s rare absolute-beachfront location and expansive five-star beach resort amenities. Prestige property buyers are discovering that nothing else on the market compares to Royale Gold Coast’s stylish and spacious northeast-facing […]
Australia’s Top 10 Construction Companies
Despite facing a multitude of challenges over the past two years, Australia’s leading construction firms continue to get projects off the ground and deliver significant city-shaping developments. BCI’s inaugural Construction League, in partnership with The Urban Developer, provides a comprehensive deep dive into the Australia’s top construction firms based on the total value of projects that commenced […]
Brisbane 2032 Olympics Masterplan Bid Video
Spotlight on Gold Coast’s prestige apartment market
Demand for luxury living is increasing in this sun-soaked haven, with more buyers looking to the Gold Coast for their dream apartment. The Gold Coast has long been famous for its pristine beaches. But with high-end buyers turning their attention from capital cities towards the sunny stretch, it’s becoming just as well known for its […]