Brisbane house prices could more than double by the time the 2032 Olympic Games roll around, taking median home values above $1.4 million, an economist predicts. PRD chief economist Diaswati Mardiasmo said this growth rate would be consistent with the market’s past performance during the G20 summit in 2014 in Brisbane, when dwelling prices surged 112.7 per
Queensland is facing a crisis of lack of rental accommodation with almost 80% of Queensland’s rental market experiencing extremely low vacancy rates. According to the REIQ, nearly two-thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state’s rental market continues to tighten. And that’s
CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.3% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year. The analysis was undertaken at the individual property level, using a set of mortgage assumptions and valuation estimates, to approximate mortgage repayments. These were then compared with
A tax-time mistake can be a costly one for Australian property investors, so here are some tips to help you navigate the devil in the details. In March 2020, ATO Commissioner Chris Jordan revealed that an audit of property investors found errors in just shy of nine out of every 10 returns reviewed. While the ATO
Sentiment towards off-the-plan properties is improving, with the number of online searches rising four-fold in some areas over the past three months as government incentives entice first-home buyers to the sector. Moreton Bay in Brisbane's north and Riverstone in Sydney'ss north-west are the most popular, racking up 340% increases in the number of buyers searching
Brisbane showed no signs of slowing down in May, as the city’s property market upswing continued to gather pace. Will the Sunshine State capital continue to thrive for the rest of 2021? There seems to be no stopping Brisbane’s property market. Brisbane’s property market upswing continued in May, with price growth accelerating strongly as buyers
Treasurer Josh Frydenberg has revealed the latest federal budget, and what it means for property investors in regards to capital gains tax, superannuation and negative gearing. Those with a stake in the Australian property market can sleep easy after the official unveiling of the 2021 federal budget. Here’s a quick summary of all the schemes,
Author: Brett Warren, Michael Yardney's Property Update Townhouses have been around for a long time, with demand for this type of dwelling picking up more recently and this will only get stronger. Where is all this demand coming from? I can break it into two separate demographics; young families and retirees. But this is only
Brisbane’s private rental market vacancies are at their lowest rates for more than eight years, with most of the state's rates less than 1 per cent. The Real Estate Institute of Queensland’s latest vacancy report found 70.2 per cent of the state’s rental vacancies are under 1 per cent, while Brisbane’s inner city dropped 5.5
Record-low interest rates mean that it is now cheaper to buy than rent, with first home buyers taking advantage, doubling their participation in the market, a big four bank CEO has said. With the official interest rate at a record-low 0.1 per cent, NAB CEO Ross McEwan has pointed to a surge in first home
