Posted by Source: Position Property
on 17 March 2015
Never before has the Brisbane skyline changed as much as it will in the coming 5 years. There is an explosion of new residential apartments on the way and what this will do to the Brisbane real estate market is what everyone is questioning.
Some facts on what is happening:
Within a 2km radius of the CBD there are over 20,000 new apartments either under construction or with development approval
In this same radius (2km) there are a further 9,000 apartments seekin...
Posted by CoreLogic RP Data
on 3 March 2015
CoreLogic RP Data Home Value Index Release
CoreLogic RP Data February Home Value Index results released today showed that Australia's combined capital cities have seen dwelling values rise by a further 0.3 per cent in February taking home values 8.3 per cent higher over the past twelve months.
According to CoreLogic RP Data head of research Tim Lawless, dwelling values continued their upwards trajectory over the month of February by recording a 0.3 per cent gain over the month. This ...
Posted by PRD Nationwide
on 2 March 2015
It is without doubt that the Australian housing market has achieved significant, at times unprecedented, price growth in 2014. As an overall, regional areas have also experienced a boost in price growth - albeit at a slower rate in comparison to capital cities.
A question posed by property players (buyers, investors, and commentators alike) is whether or not such growth is sustainable (in particular Sydney); and if perhaps we are heading towards a property crash in the near future.
...
Posted by Residential Tenancies Authority
on 2 March 2015
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...
Posted by RP Data
on 2 March 2015
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...
Posted by RP Data
on 3 February 2015
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...
Posted by RP Data
on 3 February 2015
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...
Posted by Brisbane Development
on 29 January 2015
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...
Posted by Bees Nees City Realty
on 29 January 2015
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...
Posted by CoreLogic RP Data
on 22 December 2014
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...
