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Property trends for 2024

By |2024-01-30T16:43:33+10:00January 30th, 2024|News|

2023 presented numerous challenges for the real estate sector, grappling with escalating interest rates, surging house prices, insufficient supply, and heightened demand. Looking ahead to the upcoming year, Domain's 2024 Outlook Report foresees a persistent uptrend in both house and unit prices, sustained high interest rates, and robust population growth. Domain's Chief of Research and

Cost of living boost for first home buyers

By |2023-11-28T14:29:03+10:00November 28th, 2023|News|

Palaszczuk Government backing first time home buyers by doubling grant, as part of a raft of cost of living measures delivered by the government. The government is doubling the First Home Owner Grant, taking the total to $30,000 for eligible first home buyers. This will come into effect from Monday, 20 November. This means more

Building approvals continue to fall, but signs of recovery

By |2023-06-05T16:52:05+10:00June 5th, 2023|News|

The latest data from the Australian Bureau of Statistics (ABS) shows some patchy areas of recovery; however, the building and construction industry remains on high alert as high-profile insolvencies send shockwaves through an industry doing it tough. With the industry just starting to get back onto an even keel, now is not the time to

New home sales fall

By |2023-04-26T10:32:48+10:00April 26th, 2023|News|

Sales of new homes continued to fall last month, as the ongoing construction crisis claims more casualties. The latest Housing Industry Association (HIA) report, which surveys the major builders in the five largest states, showed a 7.2% decline in the sale of new homes in March, extending the streak of losses due to the impacts

No relief in site for Qld construction & housing crisis

By |2023-02-24T10:01:11+10:00February 24th, 2023|News|

Queensland is falling behind in the race to build new homes in a further sign that there is no relief in sight for the state’s crippling housing and construction crisis, with industry commentators fearing it will get worse before it gets better. In 2021-2022, strong migration saw 40,000 new households looking for a home to

Boom & Bust – A Year To Forget For Construction

By |2023-01-10T16:17:35+10:00January 10th, 2023|News|

Whichever direction property markets go in 2023, construction companies may keep toppling. Record-setting real estate prices and elevated construction and transaction activity hasn’t correlated to a healthy building sector in recent years. High-profile construction company busts have been headline fodder in 2022, with every week seemingly seeing another builder going under. Insiders and analysts have

Aussies set for a thrifty New Year as survey reveals nation’s top resolutions

By |2023-01-10T11:09:45+10:00January 10th, 2023|News|

With cost of living pressures top of mind, new consumer research released today by Commonwealth Bank reveals Australians are looking to reduce expenses, increase savings and lift their incomes as part of their New Year’s resolutions. The research highlighted: 9 in 10 (93 per cent) Australians have a financial goal for the New Year 1 in 2

Master Builders Qld Industry Challenges Survey

By |2022-10-27T12:34:14+10:00October 27th, 2022|News|

The building and construction industry continues to be buffeted by many challenges which show no sign of abating. Master Builders Queensland has undertaken a survey in order to gain a better understanding of the nature of these challenges, how they expect to change going forward and how contractors are responding in their business practices. Current

Why Townhouses are the investment of the future

By |2022-10-27T11:57:38+10:00October 27th, 2022|News|

Townhouses have been around for a long time, with demand for this type of dwelling picking up more recently and is expected to increase. Where is all this demand coming from? There are two key demographics creating the demand - young families and retirees. Young families The demand from from young families is coming in

Construction costs hit 20-year high

By |2022-10-27T11:19:54+10:00October 27th, 2022|News|

New data from CoreLogic for the third quarter of 2022 has indicated the severity of the construction cost crisis plaguing Australia. The research firm’s Cordell Construction Cost Index (CCCI) found that in the 12 months to September 2022, national residential construction costs increased a record rate of 11 per cent. Quarterly growth rested at 4.7

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