Posted
on 10 February 2020
POPULATION growth will drive Brisbane's apartment market towards undersupply within 18 months, assisted by the low cost of finance, new first home buyer incentives and the slowdown in new construction.
The Inner Brisbane Unit Market Residential Residual Stock Analysis from m3property showed 10.6% of units in developments with at least 50 units or around 1,500 units completed since January 2016 remained in the ownership of the project's developer.
However, few high density projec...
Posted
on 4 February 2020
Source: API - Liz Jordan
BRISBANE holds the strongest prospects for house price growth over the medium-term, according to a QBE report, while the lag in apartment supply responding to market demand could provide further volatility.
The Australian Housing Outlook 2019-2022 report, commission by QBE and authored by BIS Oxford Economics, says easing lending restrictions, federal and state tax concessions and lower interest rates are expected to encourage borrowers back into the marke...
Posted
on 4 February 2020
Source: Courier Mail - Elizabeth Tilley
BRISBANE is fast becoming a landlords' market as vacancy rates tighten and rents continue to climb, putting investors in the box seat in 2020.
New data released by SQM Research reveals asking rents for houses increased 0.9 per cent in December to $473 a week that's 3.4 per cent higher than they were a year ago.
The rental vacancy increased slightly last month, but is still tight at 2.9 per cent, and lower than the 3.2 per ...
Posted
on 4 February 2020
Source: Domain - Jim Malo
Brisbane rents are creeping up and the proportion of vacant homes is inching down, as the city's rental market recovers from years of oversupply, experts say.
Asking rents for units rose 1.3 per cent to a median $380 a week over the past year, the latest figures from the Domain Rental Report for the September quarter show.
House rents also edged up 1.3 per cent to a median $405 over the same time period, according to the report released on Thursday.
The...
Posted
on 4 February 2020
Source: API - Liz Jordan
HOUSING market sentiment across the country has hit a near six-year high, as Western Australians grew in confidence at a faster rate than anywhere else, and NAB upgraded its forecasts for prices.
The latest NAB Residential Property Survey, housing market sentiment was positive among property professionals in all states for the first time since the first quarter of 2018. It was again highest in Victoria (up 7 to 47) and improved most in New South W...
Posted
on 4 February 2020
Source: CoreLogic - Cameron Kusher
The national housing market has just experienced its largest downturn in dwelling values since at least the 1980s. The fact that values nationally fell by less than 10% speaks to the ongoing strength of the housing market over the past 40 years which has culminated in Australia being one of the most expensive places in the world in which to buy property.
Since the federal election in May, there have been ongoing signs of improving market conditions. Th...
Posted
on 4 February 2020
Source: Livewire Markets - Patrick Poke
We asked three experts whether the Australian housing market had found a bottom in recent months. While the contributors opinions differed on the overall direction and level of risk, one thing they all appeared to agree on was that no outcome is certain. Uncertainty is a fact of investing, which is probably why the saying (often incorrectly attributed to Yogi Berra), "predictions are difficult, especially about the future", is so pop...
Posted
on 4 February 2020
Source: CoreLogic
The CoreLogic Home Value Index results for October out today confirm a 1.2% rise in national dwelling values over the month, delivering the fourth straight month of rising values. The October result was the largest month-on-month gain in the national index since May 2015. The recent gains come after a broad-based decline in housing values, with the national index declining 8.4% between October 2017 and June 2019. The positive October result takes national dwelling values...
Posted
on 4 February 2020
Source: Livewire Markets - Patrick Poke
Negative bond yields, Trump's Trade War, and protests in Hong Kong have stolen all the headlines in recent months, but (relatively) quietly, a bottom has been forming in the Australian residential property market or has it? Several positive surprises have acted to support prices, such as the return of the Liberal-coalition, and the removal of APRA's 7% serviceability buffer for assessing mortgages, but risks to the downside have not di...
Posted
on 15 January 2020
Source: Australian Property Journal
Consolidated Properties Group and CVS Lane Capital Partners have unveiled the $850 million masterplan for the Yeerongpilly Green urban renewal project in south west Brisbane.
The developers are looking to transform the 14-hectare riverside site into an urban village and cultural, music and arts hub, with 1,200 residences, 28,000 sqm of commercial space, an 8,750 sqm retail and dining precinct, and 1.8 hectares of parkland.
The first residentia...
