News Articles


House price disparity between Sydney and Brisbane set to spur northern migration - January 2017


House price disparity between Sydney and Brisbane set to spur northern migration Property in Brisbane is now officially half the price of Sydney. This week’s Domain Group rental and house price report for the December quarter listed Sydney’s median house price as $1.1 million, while Brisbane’s is still only a touch above $540,000. Real Estate Institute of Queensland chairman Rob Honeycombe said the economic performance of New South Wales over Queensland in recent years was partly responsible for the huge price differential.  “It was inevitable that we’d see a widening gap in median house prices and the latest stats shouldn’t come as any surprise,” he said. “There’s a pretty consistent pattern in interstate migration following house price growth in Sydney particularly. People regularly move to chase work and employment opportunities, but lifestyle is also a huge factor.” Honeycombe said Queensland had long been the happy...

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Queensland's next millionaire's row - January 2017


A VIRTUALLY untouched seaside suburb on Bribie Island in Moreton Bay is showing all of the hallmark signs of becoming home to the next millionaire’s row in Queensland. Woorim has outstripped the premier seaside location of Noosa Heads, on the Sunshine Coast, on house price growth according to the latest research to September. Resolution Research market analyst Diana Howes said Woorim was in its infancy but looked poised to experience price growth at the top end of the market, with its recent performance significantly outshining the premier ocean front market of Noosa Heads on the Sunshine Coast. “Over the past year median price growth in Woorim has eclipsed that recorded within Noosa, 10.5 per cent versus 5.3 per cent, a fundamental which has been duplicated over the past five years with 2.9 per cent versus 1.1 per cent,” Ms Howes said. While the million dollar plus market in Woorim remains in its infancy, with only four properties sold in this top end bracket i...

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Brisbane property values have clawed back since GFC - January 2017


PROPERTY values took a tumble throughout the Global Financial Crisis, but new figures reveal just how far they’ve come since then. Brisbane dwelling values have gone up by 14.8 per cent since the end of the GFC to now hit $486,000. The city has performed better in terms of price growth since January 2009, than Perth, 8 per cent and Hobart, 7.9 per cent. The increase of values for combined capital cities was a very large 61.7 per cent, which was driven mostly by massive growth in Sydney, where values almost doubled – up by 97.5 per cent and Melbourne 83.5 per cent. While price growth may appear modest for Brisbane compared to other capital cities, CoreLogic figures reveal its rental yields were among its strongest making it an attractive city for property investment. For houses the rental yield was 4.1 per cent, second only to Hobart and Darwin, while for units it was 5.2 per cent, behind only Hobart. CoreLogic research director Tim Lawless said nationally rental yield...

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ABS reports rising house prices - December 2016


Latest ABS house price data reported mostly positive results for capital city markets over the September quarter. All capitals reported an increase in the established house price index with the exception of Perth and Darwin where prices fell by 1.8 percent and 2.2 percent respectively over the quarter. The top performers were Sydney up by 2.6 percent, Melbourne up 2.1 percent and Hobart where the established house price index increased by 2.2 percent over the September quarter. Most capitals also reported increases in the ABS unit price index with the exception of Brisbane where prices fell 0.6 percent and Perth down by 0.8 percent over the quarter. Sydney was again the top performer with unit prices increasing by 2.1 percent and matched by Hobart with the same strong result. Melbourne reported the strongest growth in established house prices over the year ending September – up by 8.6 percent. Perth and Darwin annual house prices however decreased by 4.1 percent and 8.5 percen...

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Middle Brisbane Vacancy Rate Rising, greater Brisbane remains healthy - November 2016


The REIQ released its quarterly vacancy rate data today, revealing that Brisbane’s middle ring experienced a sharp rise in vacancies, while the inner ring remained relatively consistent with the June quarter. Brisbane’s inner city (0-5km) vacancy rate for the September quarter has risen from 3.4 per cent, to 3.7 per cent. The middle ring (5-20km) has risen from 2.3 per cent to 4.5 per cent.  REIQ CEO Antonia Mercorella said the surprising result in Brisbane’s middle ring was likely due to a combination of factors. “Inner-city property managers and landlords are particularly sensitive to the oversupply question at the moment and rents have become extremely competitive, luring tenants from the middle ring into the inner ring,” she said.  “Also, a significant level of development has come online in the middle ring and some agents have reported that without being able sell, many of those properties have been put into the rental pool.  ...

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The Brisbane suburbs predicted to rise - November 2016


House prices are predicted to rise in 29 Brisbane suburbs, with a surprising one-third coming out of one area alone. The latest Hotspotting Price Predictor Index has picked the biggest chunk of metropolitan Brisbane growth would come out of the Moreton Bay area. The Bay toppled Logan City as the top municipality in the capital city region, holding 10 of Brisbane’s 29 growth suburbs. Hotspotting analyst Terry Ryder said the index tracked increased sales volumes which were one of the best indicators that price rises were set to rise. Moreton Bay’s hottest pick was Redcliffe where houses as well as unit prices were predicted to rise. Every other suburb on the list was expected to see house prices rise including Arana Hills; Banksia Beach, Beachmere; Bellara; Bray Park; Deception Bay; Narangba; Ningi; and Rothwell. In the surging inner-city, Bardon was the only suburb where prices were predicted to see a steady rise, joined by northside suburbs Bald Hills, Brighton, Fitzg...

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