News Articles


Qld property markets dominating the nation - July 2017


QUEENSLAND  has dominated the national list of property best buys, with four regions prominent in the top 10. The latest Hotspotting National Top 10 Best Buys report names Moreton Bay, Sunshine Coast, Redcliffe and Townsville property markets as ones to watch. Hotspotting founder Terry Ryder said the areas selected were “the cream of the crop’’ and among the best locations for property investors who were seeking capital growth. Mr Ryder said each of the regions had three, four or more of the core things needed to help drive property price growth. “We expect them to show growth not only in 2017 but well beyond,” he said. “They are all locations we expect to show steady growth over the longer-term.’’ Mr Ryder said he selected the Moreton Bay region because it had affordable housing, there was about $980 million in spending on major new infrastructure and a new university precinct. He said four of the core suburbs in the region had...

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Real Estate Continues to RISE in Capital Cities - July 2017


House prices have risen in most of Australia’s major capital cities while auction clearance rates have increased in all but two. The battle for top ranking in annual median home price movements continues between Melbourne and Sydney, with their prices up 15.5 per cent and 13.1 per cent, respectively. Meanwhile, Brisbane recorded a 3.7 per cent annual lift and Adelaide prices rose 2.2 per cent, but Perth fell 2.4 per cent, data from property analytics firm CoreLogic show. Combined, capital city prices were up 10.6 per cent on the same time last year. Over the week to July 9, the picture was similar, with Perth the only major capital to record a drop in home values, of 0.6 per cent. Melbourne again was out in front, with its median home price lifting 1.4 per cent, followed by Sydney with a 0.6 per cent rise, Brisbane gaining 0.3 per cent and Adelaide edging 0.1 per cent higher over the week. The number of homes up for auction has continued to slide with 1,751 proper...

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Nine Property Changes From 1 July 2017 - June 2017


A perfect storm of federal, state and local government changes kick in on July 1 impacting every homeowner, renter and house hunter. Of all the government changes kicking in from midnight that day, nine were specifically targeted at either home owners, house hunters or renters, according to a list compiled by Queensland Economic Advocacy Solutions. QEAS director Nick Behrens said "this year is unique in that many legislative changes commence at the same time as the usual suspects that occur every year". Though each change was applied in isolation by the various governments, the combined impact could be overwhelming for some. Four of the changes that impact property have come from the Federal Government, three were from the Queensland Government and two were from local government/councils. Four of the changes concern the cost of living, three were linked to tax measures and two were either superannuation or grant related, according to QEAS. HERE'S WHAT YOU SHOULD KNOW: COST OF LIVIN...

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Changes to Foreign Resident Capital Gains Withholding Payments - June 2017


On 9 May 2017, the Government announced proposed changes to the foreign resident capital gains withholding (FRCGW) rate and threshold. The changes will apply to contracts entered into on or after 1 July 2017: for real property disposals where the contract price is $750,000 and above (currently $2 million) the FRCGW withholding tax rate will be 12.5% (currently 10%) The existing threshold and rate will apply for any contracts that are entered into before 1 July 2017, even if they are not due to settle until after 1 July 2017.BackgroundAustralian resident vendors selling real property will need to obtain a clearance certificate from the ATO prior to settlement, to ensure they don't incur the 12.5% non-final withholding.This withholding legislation assists the collection of foreign residents’ Australian tax liabilities. It imposes an obligation on purchasers to withhold 12.5% of the purchase price and pay it to the ATO, w...

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Australia's best community is in QLD - May 2017


QUEENSLAND is officially home to Australia’s best master planned community, according to the Property Council of Australia. North Lakes, just north of Brisbane, and developed by Stockland in 1999 has just won the Property Council of Australia’s “Best Master Planned Community” award for 2017. Stockland regional manager David Laner said the company was thrilled to win the industry award, for its community, that will eventually be home to around 25,000 people and provide the equivalent of 13,000 fulltime jobs. “We are very proud of what has been created at North Lakes and it is a great honour to have the community recognised by the Property Council of Australia in this way,’’ Mr Laner said. The win for North Lakes follows on from Stockland’s previous industry success, being named best Masterplanned Development in both the 2010 and 2016 UDIA Queensland Awards for Excellence. North Lakes sits on a 1,036ha site beside the Bruce Highway, fo...

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Hot spots tipped to lead property price growth charge - May 2017


BRISBANE’S cheap and cheerful outer suburbs have been tipped as the property hot spots for 2017. Suburbs within the greater Brisbane area but outside of the Brisbane City Council ring are benefiting from increased transaction numbers with price growth expected to follow. Property analyst Terry Ryder of Hotspotting said the Brisbane property market was doing better than many realised. He said most figures released in relation to Brisbane’s performance were a whole of city figure which did not show just how well some areas were going. “Cities like Brisbane have precincts which have had double digit price growth in some of the recent years but it has not been happening right across the board,’’ Mr Ryder said. “We had a period in 2014 where inner city suburbs were moving and some of those inner city suburbs like Paddington and Red Hill had strong growth. It has gradually gravitated out. I’d say in 2015 it was particularly on the northside, man...

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