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Will the Ukraine war delay a rate hike in Australia?

Sarah DowlingBanking and Finance journalist02 Mar 2022 The events unfolding half a world away in Ukraine will inevitably flow through to Australians’ wallets via higher petrol and food prices, but it could also impact an expected interest rate hike this year. When the Reserve Bank of Australia on Tuesday held rates steady at a record low of 0.1%, it wa...

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Rental listings have collapsed across Australia

  Rental listings have collapsed across Australia New PropTrack housing data reveals availability of properties for rent plummeted over 2021. The volume of properties available to rent is now at its lowest point since April 2004. Flooding in NSW and QLD is expected to exacerbate a rental crisis in regional Australia.   The deep pool of rental properties available in Sydney a...

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Who’s to blame for Australia’s exploding property prices and housing affordability crisis?

Australia’s housing affordability crisis worsened significantly over 2021 as the property market boomed and prices reached new record highs. But the difficulty many people face in buying their own home isn’t a modern challenge, but one that experts say began back in the late 1990s. House prices rose by a fairly modest 16% in the decade from 1990 to 2000, then surged by 88% in th...

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Buyers playing ‘Russian roulette’

Buyers playing ‘Russian roulette’ amid building industry’s worst-ever crisis A perfect storm of catastrophic factors is putting unprecedented pressure on even the biggest players in the residential building sector, leaving homebuyers open to risk. Several giants of the construction industry have gone to the wall in the past year, with Brisbane-based Privium, Melbourne-based ...

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The Block 2022

The Block 2022: Everything we know so far With 17 seasons of The Block already under the (tool) belt, viewers might think they’ve seen it all – but they’d be wrong. This year, host Scott Cam and the latest crop of Blockheads will be leaving the city behind and making a tree change in regional Victoria. While there’s still much to be revealed about what’s in stor...

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Homebuyer demand and seller confidence continue to surge.

Homebuyer demand and seller confidence continue to surge as 2022 kicks off strongly   Talk of cooling markets, the growing sense interest rates will rise this year, and widespread outbreaks of COVID-19 have done little to dampen homebuyer and seller confidence.   Two new reports released on Wednesday by PropTrack, the Housing Market Indicators report and the Listings report, both ...

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Brisbane property set for an Olympic win

Brisbane property set for an Olympic win - but not everywhere, so investors beware Brisbane’s property market is booming for a plethora of reasons, from its affordability and lifestyle to infrastructure projects and population growth. But many experts are also touting the recent confirmation that the city will host the Olympic Games in 2032 as a major driver of growth. There may be a f...

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Where are all the rentals?

Where are all the rentals? Lingering effects of COVID limiting choice for tenants January is typically the busiest time in the rental market. It’s the month when more renters look to move, which means we see a lot of rentals come to market. On our estimates, January usually has about 16% more new rental listings than an average month. But this year, while we did see supply levels bounc...

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Rental markets vary across the world, but how do Australia's rules and regulations fare internationally?

Surprising differences in the worldwide rental market, from pet policies to prices Rental markets vary across the world, but how do Australia's rules and regulations fare internationally? From the application process to rules around what a tenant can and can't do in a property, Australia's approach is unique when compared to some of the other big rental markets around the world. "The rules f...

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Where rents have risen the most, and where to nab a bargain.

Emily Hutchinson 25 Jan 2022, 2:56pm The impacts of COVID have caused steep price changes in the rental market, especially in regional areas with coastal or scenic settings. But even within capital cities, prices have fluctuated widely between suburbs as tenants reevaluated their living needs. In some cases, this has given clever tenants a chance to swoop in on a...

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The RBA is well ahead of it's forecasts, so can we expect the same for the property market?

In the final week of January, the ABS released the latest inflation figures for Australia over the December 2021 quarter. Inflation measures the change in the price of a basket of goods over time, and is a good measure of how supply and demand pressures are playing out in the economy. It has been one of the key economic metrics to watch out for in the housing sector, because a rise in...

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Australia’s rents continue to climb, despite affordability constraints

Cromurcon.com.au contact [email protected] New house & land packages. Established housing. Vacant land. Commercial. Property Management. Note from cromcon.com.au: The median vacancy rate across Logan City/ Gold Coast region at 0.9% as of Monday 31.01.22   Capital cities, regional areas, houses and units all saw an increase in rents last quarter, culminating in the highest c...

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Record fuel prices and cost of new homes push inflation to fastest pace since mid-2014

Record fuel petrol prices and the highest cost of building new homes in two decades propelled consumer inflation at the end of 2021 to its fastest pace since mid-2014.   Consumer price index figures released on Tuesday by the ABS showed the headline inflation rate for the December quarter was up 3.5% from a year earlier and 1.3% from the previous three months. Economists t...

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Peak, peaking, peaked - how to read Australia’s housing market

Australian housing values grew 22.1% last year and the market is showing signs this extraordinary rate of growth – not seen since the 1980s – is slowing across most of the capital cities. Yet as the rate of dwelling value appreciation slows, capital city and broad ‘rest of state’ markets are yet to peak, causing plenty of speculation about whether this will occur in 202...

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Record auction figures in December as Australia’s property market plays catch up

A surge in post lockdown supply coupled with buoyant market conditions, led to unprecedented levels of auction activity across Australia in the final three months of 2021. CoreLogic’s Quarterly Auction Market Review shows 42,918 properties were taken to auction across the combined capital cities in the three months to December 2021, an 85.1% increase from the previous quart...

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Housing values end the year 22.1% higher with the pace of gains continuing to soften as multi-speed conditions emerge

Tim Lawless 4 Jan 2022 Australian housing values were 1.0% higher in December, slowing from a 1.3% rise in November, continuing the softening trend in the monthly growth rate that has been evident since the national index moved through a cyclical high of 2.8% growth in March 2021. As dwelling value appreciation slows, conditions are becoming more diverse amongst the capital cities and r...

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Are real estate agents becoming obsolete?

Are real estate agents becoming obsolete? We are realtors and if you could just jump online and buy a house you wouldn’t need us. Actually, there are auction sites where you can buy a house online, so you really don’t need us. But we will always have a job, and I chalk it up to human nature. Buying a house should be easy. You should be ...

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Housing values 1.5% higher in October as growth trends ease and downside risk builds

Tim Lawless 1 Nov 2021 Australian housing values rose 1.5% in October, a similar result to August and September. However, taking the monthly change out another decimal point shows the market is continuing to slowly lose momentum since moving through a peak monthly rate of growth in March (2.8%). Nationally, the monthly growth rate eased to 1.49% in October from 1.51% in the previous mont...

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House and land packages can be very affordable

House and land packages can be very affordable  House and land packages come in two varieties. A ‘turnkey’ package typically offers a newly built home on a particular lot – all the buyer has to do is turn the door key and their home is ready to go. Alternatively, a home and land package provides the flexibility to buy vacant land first, then build a home from a set ran...

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QUEENSLANDS RENTAL REFORMS AND WHAT YOU NEED TO KNOW.

The Housing Legislation Amendment Bill 2021 has recently been passed in the Queensland parliament and the REIQ welcomes the improvement from the initial reforms proposed by the ALP. Antonia Mercorella CEO  REIQ For almost two years, rental reforms have been a hot topic in Queensland with the State Government’s initial proposals sparking a negative response from the real...

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THE TAXING ISSUES SUBDIVIDING YOUR PROPERTY

As more and more land around city centres is becoming scarce commodity, many people who own homes on large blocks are entertaining the idea of subdividing their land as a one-off project to make money. Generally, once you have subdivided land from your block, the subdivided blocks will no longer be treated as your main residence. Therefore, their sale will generally be subject to tax. However,...

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Brisbane emerges as property powerhouse

Brisbane has solidified its position as a property market hotspot by reaching new record highs amid the pandemic, according to a new analysis.  An Advisory study revealed that Queensland had recorded more sales transactions than Victoria and NSW over the September quarter. Year on year, the volume of house sales is up 10 per cent across Greater Brisbane. The latest data also showed that ...

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Buyer demand is at record levels, amid an ongoing shortage of properties for sale.

Buyer demand is at record levels, amid an ongoing shortage of properties for sale.                                                    &nb...

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Affordable housing

Affordable housing inquiry must address 3 clear needs: REIA   According to the Real Estate Institute of Australia (REIA), the steps to addressing Australia’s housing affordability and supply issues have long been voiced by real estate agents working on the front lines. REIA has delivered three clear cut proposals to the federal MPs chairing the inquiry into affordable housing an...

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The annual growth rate is now tracking at the fastest pace since the year ending June 1989.

CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months.  The annual growth rate is now tracking at the fastest pace since the year ending June 1989. The monthly change in housing values remains positive across every capital city and broad rest ...

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A little bit over three months or just 66 working days

  A little bit over three months or just 66 working days – that’s how long property managers and landlords have left to upgrade the smoke alarms in their rental properties before the 2022 legislation is here. From the first new lease or lease renewal next year, smoke alarms in Queensland rental properties must meet strict new requ...

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WHAT HAPPENS WHEN YOUR RENTAL PROPERTY GOES UP FOR SALE?

                                     With the property market booming there’s a lot of landlords out there looking to sell up and cash in -     But what happens when it’s your landlord that’s looking to sell? Firstly, try not to stress. Just because your landlord i...

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Housing turnover reaches the highest level in nearly 12 years

From Cromurcon.com.au Real Estate agents.  CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period.  Nationally, the number of dwellings sold over the past year was 31% above the decade average and 2...

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Population growth dives to 100-year low: Why it’s worrying

Weighing in on the data release, Housing Industry Association’s senior economist, Nick Ward, said it’s the slowest rate of growth Australia has seen in more than 100 years. With the population figures comprising the natural rate of population growth, overseas migration, and interstate migration, Mr Ward said the main source of the stagnating population is net overseas migration, wh...

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Buyers facing less choice as rising prices continue

Buyer demand has reached record levels despite lengthy coronavirus lockdowns in the nation’s biggest property markets of Sydney and Melbourne, but purchasers have limited choice as prices continue to rise as they head north to Queensland. The latest REA Insights Housing Market Indicators Report showed demand, based on the number of views per listing of properties for sale on re...

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QLD smoke alarm legislated compliance starts soon.

A timely reminder to all landlords with investment properties in Queensland.   From the CEO Samida Sargeant. "I just want to make clear. Your property should be compliant by 1 January 2022". Furthermore. "Check your insurance policy. As some landlords may not be covered while their property is not fully compliant". The information contained in this email is duplicated from Q...

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Marsden, Crestmead, Park Ridge. Logan Reserve. Loganlea. Logan Central. Woodridge. Redbank Plains.

Why would you settle in one of these suburbs? Well for a start lets look at “Location” So developers are pretty smart when looking for a suitable site to establish an estate on. And these 3 suburbs tick all the boxes. You’ve got good schools near by, Park Ridge has 2 state schools & 2 private schools. Marsden/Crestmead has 4 state schools and 1 Catholic & private schoo...

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Growth cycle tapering as housing becomes less affordable.

The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past twelve months.   CoreLogic's research director, Tim Lawless, described the market as strong, but losing steam.  “The 16.1% lift in national housing values over the past year is the fastest pace of annual growth since February 2004, however the monthly growth ...

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Queensland Leads East Coast Property Boom

Queensland Leads East Coast Property Boom Article REIQ Australia’s economic recovery from the effects of the COVID-19 pandemic has been led by the performance of its east coast property market, according to end-of-financial year figures released by PEXA, Australia’s leading digital property settlement platform. THE TRENDS THAT MATTER IN AUSTRALIA’S PROPERTY BETWEEN JULY 202...

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What the 2032 Olympic Games means for Brisbane’s property market

At Cromurcon.com.au, we are of the opinion that the Olympics should work as a positive influence on Brisbane housing market conditions. however, with the Games still some eleven years away, the flow on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency. The mo...

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Australian residential real estate now valued at over $8 trillion

Industry Australian residential real estate now valued at over $8 trillion By Bianca Dabu 11 August 2021 | 1 minute read SHARE THIS ARTICLE Residential real estate continues to underpin Australia’s wealth, with the value of residential real estate continuing to climb over the month of July. Latest f...

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Property bargains in south-east Queensland

Property bargains in south-east Queensland By Lexy Hamilton-Smith and Matt Eaton Terry Ryder's bargain Brisbane suburbs: Northgate Nudgee Zillmere Inala Richlands On the Brisbane fringe, he said Logan and Ipswich offered great bargain houses. He also said the Redcliffe peninsula offered "an absolutely special opportunity" that would likely prove attractive to interst...

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Brisbane sees highest rent rises in 14 years

Brisbane rents at record highs amid property shortage SARAH WEBB JUL, 2021   Brisbane tenants are now paying the highest median house rents in the city’s history after prices climbed 12.5 per cent over the past year to reach a record-shattering $450 per week. Property experts say mass interstate migration, a booming property market and years of steady rent prices fuelled the...

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Record low vacancy rates continue to impact Queensland

Nearly two thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state’s rental market continues to tighten.  The June 2021 quarter data from the Real Estate Institute of Queensland (REIQ) reveals that 22 local government areas out of 35 have either recorded their lowest vacancy rate or equalled it over...

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Mortgages cheaper than renting!

Mortgage serviceability cheaper than renting on over a third of Australian properties By Eliza Owen.  Core Logic CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.3% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.  The analysis was undertaken at the in...

Property bargains: How the property boom has shaped the market in south-east Queensland

By Lexy Hamilton-Smith and Matt Eaton Property bargains in south-east Queensland: How the property boom has shaped the market Brisbane couple Nikki and Stuart Beard have just borrowed more than $950,000 to buy into the property market at Camp Hill. They paid $1.1 million for a four-bedroom, two-bathroom highset character home. "We have missed out on homes with up to 26 o...

Australian dwelling values 13.5% higher

Eliza Owen. Core Logic National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values.  CoreLogic Head of Research for Australia, Eliza Owen noted “This is the highest annual rate of growth seen across the Australian...

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Are landlords and tenants picking up the bill for Sydney’s latest lockdown?

By Fergus Halliday 30 June 2021 The Real Estate Institute of New South Wales (REINSW) has gone to bat for both landlords and tenants, following the announcement of the state government’s latest support package for small businesses. Rental relief was not included in the NSW state government’s tranche of pandemic support measures. Citing the record stamp duty revenues revealed...

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Will Qld property prices win gold after the 2032 Olympics?

Will Qld property prices win gold after the 2032 Olympics? REIQ news By Aislinn Dwyer Although some 11 years away, the 2032 Olympic Games is on the lips of most Queenslanders – particularly among Brisbanites – whose home city is currently the preferred  host of the event.   However, it’s not just t...

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EXTREMLEY LOW VACANCY RATES

EXTREMLEY LOW VACANCY RATES ENDURE ACROSS 80% OF QUEENSLAND By the REIQ The first quarter results for 2021 state rental vacancies are in, with the latest data revealing 78.9% of Queensland’s rental markets remained static or experienced tighter strains on the number of rentals available. It’s a similar narrative for national vacancy rates, with empty rental listings remaining low...

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What Interstate Migration Means for the Queensland Property Market

What Interstate Migration Means for the Queensland Property Market. By The REIQ Throughout 2020, many residents of New South Wales and Victoria decided to make the move to the Sunshine State. Queensland outshone other Australian states with interstate migration numbers, as latest numbers provided by CoreLogic suggest that Queensland is 90 per cent above the decade average. How has this influx...

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Real Estate Professionals in demand as job vacancies rise.

Real Estate Professionals in demand as job vacancies rise. By Rory Scott. REIQ article. As demand for property continues to grow in Queensland, more career opportunities have become available in the real estate sector.                                          The Queensland property market...

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Timing Disastrous For Neg Gearing Reforms

The timing couldn’t be worse for Queensland’s rental markets to change the negative gearing benefits for investors, according to new REIQ rental market analysis. Rental markets are steadily tightening across the state and these tighter markets will be faced with a double impact of rising rents and falling supply if Labor’s proposed changes to negative gearing are introduced. ...

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Why Rent with Local Property Management Team

Here at Local Property Management Team (LocalPMTeam) we pride ourselves in offering the best real estate services to our investor. Whether you are renting or buying, our dedicated team of professionals will be there with you every step of the way. So check out below what we offer when you invest your property with us! Collection of Rent. Collection and Invoicing of Water (if applicable) Wat...

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Why choose Marsden to settle in?

Marsden the suburb was named after Violet Marsden, a member of a pioneer family, associated with the Kingston Park and Districts Progress Association. Marsden is booming with new sub divisions and large lots ready for subdivision or DA. A great place to raise a family or retire to. We live in Marsden and have witnessed  the  evolution of the suburb into a thriving family friendly sub...