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
Record low interest rates and a fear of missing out as house prices accelerate sharply are driving Australians to buy property in a booming market. Realestate.com.au’s latest Property Seeker report, which involved an online survey of 6700 Australians in December 2020, showed market conditions led by low rates and government incentives are now the key driver of the unprecedented buyer
Australian homes are in short supply and selling at record speeds, with the average number of days that homes are listed for sale hitting record lows in every state in March. According to a housing indicators report by realestate.com.au owner REA Group, dwellings were listed for 48 days on average last month, down from about
Are you feeling rich? Maybe you should be as not only did household wealth hit record highs at the end of 2021, the lift in wealth in the quarter was the biggest recorded in 11 years. According to the Australian Bureau of Statistics (ABS), household wealth skyrocketed by $501 billion in the last three months
The latest Queensland Market Monitor from the Real Estate Institute of Queensland revealed that almost every region saw property prices rise by more than 6 per cent over the December 2020 quarter. According to REIQ CEO Antonia Mercorella, the increase in values across the state, which has continued into 2021, comes off the back of record-low
With rents rising and vacancy rates dropping, the stars are aligning for property buyers, an expert has said. The Reserve Bank of Australia (RBA) has signalled that record-low interest rates are set to remain until 2024 at the earliest, bringing the cost of borrowing down to half of what it was at the same time
