The State Government has announced that the largest urban renewal since South Bank is firmly underway with the Gabba Stadium Project Validation Report (PVR) complete, community consultation on the urban renewal started and a new name on the table. Deputy Premier Steven Miles is asking the community what they think of “East Bank”, as the…
Third tower in luxury Jewel development, Diamond Collection, released to market after 3 years
The $1.5bn Jewel development no longer has a ghost tower, with its owner taking the covers off the last of three beachfront buildings on the Gold Coast. The 108 apartments of the southernmost tower, titled Jewel’s Diamond Collection, have not had a single overnight visitor in the more than three years since construction finished. This week,…
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…
Australian property market wrap: 20 November 2023
Images: Supplied. Gold Coast project sets new benchmark at over $8,000 per sqm. Swanston Street retail property hits the market in Melbourne. An Airport West property is leased to FDA Accountants Today’s wrap is a plethora of sales, leases, and listings across the east coast. SOLD Gold Coast apartments snapped up within two weeks of…
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…