Tag: Real Estate
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Noosa takes state’s real estate crown as price growth fires up again
In its September quarter report card, the REIQ said state-wide price movements crept up steadily during the year with median house prices lifting by 2.07 per cent over the quarter to $690,000, and median unit prices rising by 3.92 per cent to a median of $530,000. However, on a 12 month basis, Brisbane (LGA) house…
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Money for nothing: When government handouts are involved, market gets murky
Economists and the Real Estate Industry Queensland said it will just add to costs and inflate house prices, but Master Builders said it was a win for those trying to enter the market. The State Government said in the past three years, it had supported more than 24,000 households into their first home through $365…
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Up, up and away: Brisbane property prices surge to record levels
The research company said Brisbane housing values posted a nominal recovery in October, erasing the previous -8.9 per cent drop in values to reach a new record high. Perth and Adelaide are also at new record highs after recovering from shallow downturns earlier this year. The remaining capital cities have some way to go, with Sydney…
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Seven figure fancy: A house in the capitals edging closer to $1 million
Sydney, Melbourne and Canberra have all broken through the median $1 million mark and Brisbane’s median was now $855,000, according to Ray White economist Nerida Conisbee. “Price growth is expected to continue for the remainder of the year,” she said. “Although we may see a Melbourne Cup rate rise, a lack of properties continues to…
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Super Saturday showed home buyers wary ahead of rate decision
The national result for clearances was down on the previous week’s 74 per cent but an improvement on this time last year when the market was in a downturn. Brisbane’s clearances was even worse with 59 per cent, down on the previous week’s 66 per cent. The result would appear to indicate that buyers were…
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What am I bid: Super Saturday tipped as 3500 homes hit the auction market
Another 639 were scheduled over the rest of the week bringing the total to more than 3500. The surge in sales will test the resolve of buyers and whether the prospect of another interest rate rise on November 7 would impact their enthusiasm, but NAB chief executive Ross McEwan said his customers were coping with…
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False alarm: It appears ‘mortgage cliff’ concerns were overblown as capital city real estate surges
New real estate listings in Brisbane are up 1.2 per cent on last year, but down slightly for the month-on-month total. Asking prices were up 8.2 per cent in Brisbane compared with last year. Units were driving the rise in asking prices. They were up 13.2 per cent in Brisbane with houses up 7.5 per…
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How Queensland’s huge construction boom could be crippled by a lack of land
And while there appeared to be enough zoned land, Colliers has said in a report that it can take a decade to release it. Business leader and Brisbane engineering firm Arcadis’ Matthew Mackey said the Queensland construction boom would be the most most sustained since 2013-15. “The tangible difference comes down to what is making…
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How $5000 blocks of land have pumped fresh life into a sleepy Outback town
Quilpie made international headlines in 2021 when it started offering blocks of land for as little as $12,500 when offset with a new homeowner’s grant. The local council later increased the grant to $20,000 and claimed that when combined with local average residential land prices of about $25,000, it meant buyers would be able to…
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A year on pause and then interest rates will start to tumble: Westpac
While the ANZ has said there would now be a prolonged pause in interest rate increases by the Reserve Bank, Westpac said today it could be September 2024 before mortgage holders saw the first cut in rates. “The RBA is now confident that the latest data points to it achieving its inflation target by 2025,”…