Median rents in Gladstone, Mackay and Mount Isa continued to fall in the December quarter 2014, according RTA median rent data. RTA data shows median rent for a 3 bedroom house in Gladstone dropped from $500 per week in the December quarter 2012 to $400 per week a year later down to $300 per week in the December quarter 2014. Over the same period weekly median rent for a 2 bedroom unit in Gladstone fell from $410 (2012) to $330 (2013) and down to $250 in 2014. In Mackay, the December...

Last week the Australian Bureau of Statistics (ABS) released its housing and lending finance data for December 2014. The two series shed light on the level of activity by investors in the housing market at a national and state level, both of which show a continuing escalation in demand from this market segment. Housing finance data for December 2014 showed that over the month there was a record high $12.6 billion in investor housing finance commitments, up 6.0 per c...

Two-tiered housing market dynamics persisted over the first month of 2015, with strong gains recorded across Sydney and Melbourne, pushing capital city dwelling values 1.3 per cent higher. The January CoreLogic RP Data Home Value Index results showed capital city dwelling values rose by 1.3 per cent over the first month of the year, indicating a strong start for the housing market in 2015. While the headline reading is strong, overall housing market performance varied substantially betwe...

The cost of Sydney housing relative to other capital cities is widening and the cost of buying a house as opposed to a unit is increasing as a record number of units commence construction. According to median selling prices over the three months to December 2014 published in the CoreLogic RP Data Home Value Index report, the gap between capital city house and unit prices has never been greater. As at December 2014, the capital city median house price was almost 20% higher than the capital...

Today is Brisbane's first opportunity to view the planned transformation of the Queen's Wharf precinct in Brisbane from an under-utilised government quarter into a world-class entertainment and leisure destination. Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney today revealed the design concepts submitted by two major consortiums competing for the multi-billion dollar Brisbane Queen's Wharf Integrated Resort Development. "We...

Hotspots are areas where property values are predicted to next experience significant capital growth. While it is impossible to pinpoint exactly where and by how much the increase will be, there are some key indicators that investors or real estate savvy home buyers should look out for. Keep in mind that if it is already being called a "Hotspot" in the media you might be a little late for the best capital growth as prices would have already started increasing! So what are some k...

The Year Ahead A 2015 Outlook with Tim Lawless The housing market is moving into the 2015 calendar year with some substantial momentum, with dwelling values 8.5% higher compared with a year ago across the combined capitals. The growth comes on a backdrop of slowing conditions though, with the annual rate of capital gain peaking early in the year at 11.5% over the twelve months ending April. While values are still rising at a healthy rate, at least at a high level and in trend terms, we a...

EVIDENCE of how well the real estate market has bounced back has come through via double digit rises in house values across most major capital cities, new data showed. 
 
Brisbane notching an 11 per cent rise in house values since its previous trough in December 2012, but that figure was blitzed by the Sydney surge where house values jumped 24.6 per cent in that time. Data released by analysis firm Corelogic RP Data saw unit values in Sydney rise a massive 21.1 per cent whil...

Median rents in Gladstone, Mackay and Mount Isa have dropped over the past year, according to median rent data published by the RTA.
RTA data shows median rent for a 3 bedroom house in Gladstone dropped from $440 per week in the September quarter 2013 to $320 per week a year later, a 27% drop. Over the same period weekly median rent for a 2 bedroom unit in Gladstone fell from $370 to $250. In Mackay, the median weekly rent for a 3 bedroom house was $350 per week in the September quar...

The quarterly National Australia Bank housing market report found growth in house values in Brisbane (6.4 per cent) had severely lagged the combined capital city benchmark (9.3per cent), but it also made it more attractive. Brisbanes value growth performance has lagged its southern neighbours, creating a significant gap in housing prices between Brisbane, and Sydney and Melbourne, the NAB report said. As a result, we expect further growth in Brisbane home values over coming months, as wel...