New polling showed buying a property remained one of Australians’ top financial New Year’s resolutions for 2022, despite prices rising by the fastest annual rate since the 1980s over the last year. The survey by financial comparison site Canstar showed 18 per cent of participants, representing an equivalent of 3.6 million people, had made a
Brisbane house rents surged to a new record high of $480 a week following a 4.3 per cent increase over the quarter, or $20 according to Domain’s latest Rental Report. This is twice the pace of growth recorded in the prior quarter and is the largest increase in 15 years. Unit rents increased another $10 over
We experienced a wild ride in property in 2021, didn’t we? No one could have predicted the astonishing property price rises we experienced across the country. While our property markets slowed down their extraordinary growth as the year ended, there is still significant momentum left and 2022 promises to be another good year, but the
Australians are set to spend big following the end of lengthy lockdowns in Sydney and Melbourne, with up to $58 billion predicted in Christmas sales. A new report out from the Australian Retail Association (ARA) and research firm Roy Morgan suggests spending will be in-line with last year, but still up 11.3% on pre-pandemic levels.
Christmas can be a tough time to be managing your finances around your mortgage while juggling countless gifts and holiday planning. Christmas spending in Australia in 2020 was the biggest on record, with shoppers nationwide splurging over $55 billion throughout the Christmas trade period, a 9% increase on the previous year. As we head into
Demand for medium-density solutions, such as townhouses – which can also be known as “townhomes” – is increasing as house and land prices in growth corridors become increasingly out of reach for many first-time buyers due to housing affordability issues. This is according to Real Property Management (RPM) Australia’s Greenfield Market Report for the third quarter of 2021, which
There are clear legacies emerging from the COVID-19 pandemic. The latest McGrath Report 2022 explores how sociologists and researchers expect our workplaces, our homes and communities to change as we come out the other side of a once in a 100-year crisis. The report explores: How has the central point of our urban life has changed and
The Housing Legislation Amendment Bill 2021 has recently been passed in the Queensland parliament and the REIQ welcomes the improvement from the initial reforms proposed by the ALP. For almost two years, rental reforms have been a hot topic in Queensland with the State Government’s initial proposals sparking a negative response from the real estate industry. Although
Australia is heading into a warmer future, a picture reinforced by the latest report from the world’s leading climate scientists, and the impacts will flow through to housing. According to a regional fact sheet included in the Intergovernmental Panel on Climate Change report released earlier this month, Australian land areas have warmed by about 1.4
Many believed that recurring lockdowns and working from home restrictions would lead to a baby boom, but it’s not in sight – yet. It seems natural that periodically locking down couples at home and closing public entertainment and recreation facilities would lead to more babies being born, but according to the stats, our birth rate
