January 19, 2018

Seaside suburbs the star performers of southeast Queensland property market

THE lure of affordability, lifestyle and world-class beaches made southeast Queensland’s coastal markets the stars of the property sector in 2017.

Haley Hughes, pictured with her 3-year-old son Harry, is selling her waterfront home at Mermaid Waters. Picture: Nigel Hallett.Source:News Limited

THE lure of affordability, lifestyle and world-class beaches made southeast Queensland’s coastal markets the stars of the property sector in 2017, fuelled by a fresh wave of interstate migration.

While home values grew just 2.4 per cent in Brisbane over the past...


August 01, 2016

Capital city dwelling values reach a record high in July

The CoreLogic July Home Value Index results reported a 0.8 per cent rise over the month, taking capital city dwelling values 6.3 per cent higher over the first seven months of the year.

The first month of the new financial year saw another rise in capital city dwelling values, with the CoreLogic hedonic eight capital city aggregate index rising 0.8 per cent over the month to reach a new record high.

While values are still rising, four...


July 15, 2016

How Airbnb is pushing to change the law for Australia's sharing economy

The following story appeared in Business Insider last year regarding Airbnb:

The rules around short term rentals in Australia are disjointed, confusing and convoluted. Local councils grapple with it individually, especially in popular holiday towns such as Byron Bay, Noosa and Sorrento, while the federal government is trying to decide whether it needs legislation to tackle the issue with the rapid rise of the sharing economy.

US rental giant Airbnb is trying to get on the front foot before the...


July 12, 2016

Weekly Rents Fall by - 0.6% Over The Past Year

The CoreLogicRental Index shows that combined capital city rental rates fell by -0.4% in June 2016.

Rental rates fell in Sydney, Melbourne, Perth and Darwin and rose elsewhere over the month.The combined capital city median weekly rent is currently $484, the lowest it has been since January 2016.

Combined capital city rental rates have fallen by -0.6% over the past year which represents their greatest annual decline on record (based on data back to 1996). At the same time a year...


July 12, 2016

Moderating Housing Finance

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm a moderating housing market.

The Real Estate Institute of Australia (REIA) says the figures for May2016show, in trend terms thatthe number of owner-occupied finance commitments fell by 0.2 per cent –the fourth consecutive month of slight declines.If refinancing is excluded, in trend terms for May, the number of owner-occupied finance commitments decreased by 0.3per cent–the sixth consecutive month of decreases.

REIA President, Neville Sanders said “decreases were...