News Articles


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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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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