Property prices may be edging downwards overall in Brisbane after an extended period of rapid growth but some property types are still increasing in value. Buyers have been compromising on the type of property and looking for townhouse or unit options closer to the inner-city. The Brisbane property market is diverging between houses, which are
The building and construction industry is bracing for more turbulence as the Bureau of Meterology declared a La Niña alert. The odds of there being a third sodden summer in a row have shortened, with a 70 per cent chance of another La Niña forming in the coming months. Renewed cooling in the tropical Pacific
Australia’s housing market has begun cooling from its peak, with rising interest rates, increasing inflation, higher construction costs, low vacancy rates, and increasing rental prices weighing on the market. There is a lot of discussion about how these various factors are affecting the housing market, but what about the apartment market? Analysis by Charter Keck Cramer’s of how these trends are
1 June 2022 MASTER BUILDERS QUEENSLAND STATEMENT: QUEENSLAND’S BUILDING MATERIAL & TRADE SUPPLY ISSUES Builders and suppliers throughout Queensland are continuing to experience severe supply issues across all building materials and trades. This is having a significant impact on the progress of building works, as well as causing a massive increase in the cost of
Rents have hit record highs across Australia’s capital cities after the strongest growth streak in 14 years, intensifying pressure on housing affordability. But there are early signs the unprecedented surge in escalating rents will ease as vacancy rates stabilise and investor activity kicks up. Nationally, house rents rose 3 per cent over the June quarter
New research shows that property owners are unlocking the equity in their homes for a range of reasons but with the same end goal: financial security and certainty. According to the latest NAB Housing Market Insights Report, many home owners who have seen an increase in the value of their homes in recent years are
Labour shortage, the increasing costs of materials, and inflationary pressures are making the sector challenging for builders and homeowners. The past three months had been tough for builders and renovators in Australia as construction costs continued the upward trend, striking another record growth over the second quarter of the year. CoreLogic’s Cordell Construction Cost Index
Interest rates are going up. Here are some tips to help you manage your mortgage The official interest rate has gone up again, this time by half a per cent. On a $500,000 loan, that's an extra $1,600 in payments per year, if the banks pass the rate hike on in full. Here are five ideas
Brisbane, the capital city with the fastest-growing property prices in Australia, has rocketed to 10th on the global list of annual capital city residential rises. According to Knight Frank’s global residential cities index, which tracks the movement of average residential prices across 150 cities worldwide, Brisbane has shot from 89th position at the same point
Worsening skill shortages will be “the challenge of the decade” for Australia’s under-pressure construction industry, a new report has warned. Construction job vacancies have increased by a massive 80 per cent since late 2019. It is forecast that by 2023 there will be more than 100,000 unfilled roles in the sector. “This will be almost 50
