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 […]
Unit prices rising faster than houses in 60pc of all suburbs
Apartment values are rising faster than those of houses in about six out of 10 suburbs nationwide as the price gap between the two categories blows out to a record 48.2 per cent, CoreLogic data shows. A sharp decline in borrowing capacity, coupled with the recent house price gains, has consolidated the demand for units, […]
Massive 50pc price rise predicted ahead of 2032 Olympics
Experts have predicted a 50 per cent rise in home prices ahead of the 2032 Olympics as over $75m was spent on Sunday alone in a special 112-home mass auction – one of the biggest Brisbane has seen. The Ray White Brisbane 100, celebrating the group’s century of operation in the Queensland capital, saw $75.25m […]
What are the predicted house prices for 2024 and 2025 in Australia?
Real estate prices across most of the country will continue to rise in the next financial year, led by sizeable gains in Perth, Adelaide, Brisbane and Sydney, a new Domain report has forecast. Across the combined capitals, house prices are tipped to increase by 4 to 7 per cent, while unit prices are anticipated to […]
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 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 […]
$1.06 billion for expansion of Redcliffe Hospital to deliver 204 extra beds
Minister for Health and Ambulance Services The Honourable Yvette D’Ath The Palaszczuk Government will invest $1.06 billion to deliver a major expansion of the Redcliffe Hospital, as part of the largest investment in new and expanded hospitals and new beds in Queensland’s history. Health Minister Yvette D’Ath said the expansion would boost the hospital’s bed […]
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, […]
Gold Coast Airport terminal expansion: Remarkable features of $500m project
VISITORS to the Gold Coast will begin their holidays even before they leave the terminal when the airport’s impressive new expansion opens later this year. Uniquely Gold Coast features adorn the $500m project, including a line through the baggage hall marking the border with NSW and giant windows offering sweeping views of the hinterland. The […]
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 […]