The CBA is forecasting a surge in house prices over the next two years of up to 16 per cent, while unit price-growth will be more muted at 9 per cent. According to the CBA, lending rates have lifted sharply, signalling a housing market on the “cusp of a boom”. “The increase in new lending …
COVID-weary expats are driving the Coast’s next property boom, with the region Australia’s top pick for international buyers desperate to flee pandemic hotspots for the Sunshine State. Holiday hotspots Surfers Paradise, Burleigh Heads and Broadbeach were the most searched suburbs, with “Gold Coast, QLD” the most popular search term, accounting for 7 per cent of …
Australian expats to drive the next Gold Coast property market boom Read More »
Australian house prices hit record highs along the east coast, marking the steepest increase in four years and rounding out a year of unprecedented events and price predictions. The median house value now sits at $852,940, up 4.1 per cent over the quarter and 5.8 per cent in the year according to Domain’s house price …
In an internal document accessed via the Freedom of Information Act, the RBA has predicted that home values could rise by as much as 30 per cent within just three years due to borrower belief that rock bottom interest rates are here to stay. Ultimately, the RBA sees rising asset prices (or home values) as …
Five of Australia’s eight capital cities are on course to experience double-digit house price growth in 2021, according to Propertyology. Propertyology forecasts house prices to rise by more than 10 per cent in Brisbane and by more than 15 per cent in Perth, Canberra, Adelaide and Hobart, while rising between 5 and 10 per cent …
The five capital cities set for double-digit house price growth in 2021 Read More »
A shortage of rental accommodation, multiple applications per property and rising rents are proof that Australia’s rental market is undersupplied, with predictions the country could soon see the “biggest rent increases in living memory”. “Propertyology is predicting that these next couple of years will produce the biggest increase in rents that Australia has seen in …
Why now might be the time to invest in the property market Read More »
Australia’s housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September. CoreLogic’s Head of Research, Tim Lawless, says if the current growth trend …
A Federal Government program offering cash grants for housing construction projects has been extended, but at a lower amount. Prime Minister Scott Morrison said the extension was expected to lead to another 15,000 construction projects, bringing the total anticipated renovations or builds under the program to 42,000. “It’s critical we keep the momentum up for …
Self-managed superannuation funds have disregarded the pandemic crisis and ploughed back into property using borrowed money, according to the latest figures from the ATO. In 2020, SMSF owners’ Australian residential property holdings increased 7.5 per cent, to $39.1 billion, on the back of an 8.8 per cent jump in their total non-recourse borrowings to $50.23 …
Self-managed super funds are sinking big money into residential property Read More »
A new property report by Domain has highlighted the best performing school catchment zones in Australia, with areas in Brisbane dominating the list. The Bald Hills State School had the best performing catchment in Queensland, coming in at number three on the list. Wynnum West State School came in fifth, followed by Rainworth State School …
Property prices soar in Brisbane’s school catchment zones Read More »
