Source: Peter Martin, brisbanetimes.com.au
The Reserve Bank is considering tighter bank lending standards amid concern about how the financial system would handle a collapse in housing prices, beginning with Brisbane apartments.
The Bank's assistant governor (financial system) Michele Bullock told a business event in Sydney that the Reserve Bank was particularly uneasy about the "looming oversupply of apartments in Brisbane in particular, and possibly in some parts of Melb...
Jim Malo, Domain.com.au
Real estate professionals say 2017 will be a crucial year for Brisbane's apartment market and that it's too early to tell if it will be able to cope with the record number of rental stock expected to be released in the next 12 months.
It comes a week after the Reserve Bank flagged potential tighter lending standards because of the "looming oversupply of apartments in Brisbane, in particular".
Domain Group chief economist Andrew Wilson s...
Kieran Clair, realestate.com.au
There's an old valuers saying that you get one chance every 10 years to profit from main road properties, and that time is now, according to the experts.
Registered Harcourts Solution valuer and property consultant Ben Anderssen said high demand for blue-chip locations had buyers compromising on position when looking to invest.
"Because there's so little supply around, you find that people are happy to look at stock on main roads becaus...
Source: CoreLogic
Commenting on the January results, CoreLogic head of research Tim Lawless said, "The positive result was broad-based with every capital city (excluding Darwin) recording a rise in dwelling values over the month. The largest month-on-month gains were recorded in Hobart (+1.4%), Sydney (+1.0%) and Melbourne (+0.8%)."
Index results as at January 31, 2017
Region
Change in Dwelling Values
Median
...
Posted
on 27 February 2017
Source: Domain
Queensland unit owners could soon be forced to sell their homes against their will if 75 per cent of the neighbours in their block agree.
And even if the "forced sale" vote threshold is not reached, individual owners and body corporates will be able to appeal to a District Court to push their plans through, under proposed changes to apartment laws.
The forced sales proposals are the centrepiece of wide-ranging plans to update the Body Corporate and Communi...
Posted
on 11 January 2017
Source: CoreLogic
Capital gains accelerated over the past year, taking the calendar year growth rate to the fastest pace since 2009, according to the December CoreLogic Home Value Index.
December 2016 saw capital city dwelling values rise by 1.4%, taking the annual capital gain for 2016 to 10.9%; the highest growth rate for a calendar year since 2009. Factoring in gross rental yields and capital gains, housing as an asset class, earned a total annual return of ...
Posted
on 11 January 2017
Source: CoreLogic
Home values increased with values 2.7% higher over the three months to December 2016 and 10.9% through 2016
Home values were 2.7% higher over the final quarter of 2016 with Adelaide the only capital city to record a decline in values over the quarter
Throughout the 2016 calendar year, dwelling values increased by 10.9% which was their greatest calendar year increase since 2009
Across the individual capital cities, the annual change in h...
Posted
on 16 November 2016
Source: Australian Property Journal
OVERSUPPLY of new residential property led by Brisbane, Sydney and to a lesser extent, Melbourne, will push rental growth down in the year ahead.
SQM Research's Housing Boom and Bust Report forecasts Brisbane and Sydney will be affected more than Melbourne, which will have its oversupply tempered by population growth.
The report expects apartment completions in Brisbane will fall by 11% in 2017 to 8,000 apartments, before ri...
Posted
on 16 November 2016
Source: CoreLogic
As commodity prices and mining investment has sunk, demand for housing in mining areas has also slowed. This week we take a look at the performance of some of the major mining towns.
Mining towns and regions across the country have been hard hit as investment and commodity prices have slumped. This week we're looking at how the housing market has performed in terms of the volume and median price of sales across these regions. The results indi...
Posted
on 24 October 2016
Brisbane's home prices saw a 3.1% rise for the past 12 months, according to the latest Queensland Market Monitor report produced by the Real Estate Institute of Queensland. Here's all their latest numbers for settled and confirmed sales to the end of June:
The past 12 months saw a median house sale price of $500,000 in Brisbane, retaining our spot as the third most affordable capital city behind just Hobart and Adelaide
Brisbane's median apartment price dipped 1.2...