News Articles


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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Southern buyers pushing up QLD property prices - September 2016


QUEENSLAND has emerged as the most attractive property market in the country, as interstate buyers search for a better deal. Property prices hit record highs this week, a feat experts say is no “flash in the pan”, with cashed-up buyers now flying in from southern states on weekends to view homes. Every second unit buyer in Brisbane was already an interstate investor, but Real Estate Institute of Queensland chief executive Antonia Mercorella said “extraordinary value” across the greater Brisbane, Gold Coast and Sunshine Coast was a factor. Brisbane’s median house price is at an all-time high of $635,000, but the Gold Coast had cranked up significantly as well in the run-up to the 2018 Commonwealth Games. The Queensland property market held “irresistible allure” for first-home buyers, especially the Greater Brisbane area where record low interest rates had made the traditional house and land dream viable for hundreds of people. Ms Mercorella sa...

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Where to make your money in Greater Brisbane - August 2016


CoreLogic data shows investors have been banking some high returns on rental properties with one suburb posting an indicative 12 month gross yield of 11.9 per cent. Deagon topped Greater Brisbane with the result for units. Other top unit performers were Banksia Beach at 8.2 per cent, Redbank 7.9 per cent, Hillcrest 7.7 per cent, Waterford 7.5 per cent and Caboolture 7.2 per cent. Units by far outperformed houses for rental yield, taking the top 21 suburb spots and dominating Greater Brisbane’s top 50. There were 39 unit results compared with 11 houses. The best yield for houses was recorded in Dinmore and on Russell Island, with both at 6.5 per cent. Churchill and Woodford were next at 6.4 per cent, followed by Basin Pocket 6.3 per cent, Leichhardt 6.2 per cent, Ellen Grove and Riverview at 6.1 per cent and Gailes 6 per cent. In terms of the highest rent achieved, houses dominated, taking nine of the top 10 spots. Pullenvale was Greater Brisbane’s money suburb, pulling ...

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Rentvesting grows due to affordability, work choices - July 2016


One investment strategy is becoming increasingly popular across Australia, with the cross-section of people whose first property purchase is an investment property rather than their own home growing. According to real estate franchise LJ Hooker, which claims to have identified the emergence of so called rentvestors ™ in 2013, the strategy is becoming increasingly popular with Australians of different ages and income levels. When the trend first emerged it was favoured strategy of a particular segment of the population, but LJ Hooker head of research Mathew Tiller said the rentvesting is moving further into the mainstream. “Interestingly when LJ Hooker first identified the rentvestor trend we described it as a ‘young couple in their late 20’s or early 30’s who love their lifestyle and don’t want to relocate from where they were renting’, however our latest research shows that there are now two clear types of rentvestors,” Tiller said. &...

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