Wednesday, October 25 2017
The property pendulum is swinging away from Sydney and Melbourne towards Brisbane. House hunters are steering away from Sydney and Melbourne and turning their attention to Brisbane which is expected to have a significant effect on property prices...
Tuesday, October 17 2017
A major lender announced on Monday they will no longer accept investment home lending applications for apartments in specific post codes in the Brisbane CBD and metro area with an LVR > 80%. The following postcodes will now be effected.
Monday, October 16 2017
(SOURCE: Courier Mail 12/10/17)
QUEENSLAND has seen a surge in expectation of capital growth coming out of houses, a sentiment survey involving one of the Big Four banks has found.
The latest ANZ/Property Council Confidence Index found a six point rise in Queensland to 134 overall, but houses saw a 10 point jump.
The quarterly results saw both residential and commercial property recover to healthy levels of expected growth, with house capital growth expectations up 10 points to 12, recovering from a recent dip. The rise came despite negative results for state government performance (-13) and debt finance availability (-10).
It was the fourth consecutive quarter of rises, according to the quarterly survey, though Victoria (145) and NSW (147) were still seeing higher confidence levels.
Property Council Queensland executive director Chris Mountford said despite the positive results, Queensland could not afford to rest on its laurels.
“The results show a sunny outlook for Queensland, but an increasing amount of daylight evident between us and the other major states.
As we head into a state election, it is critical that Queensland policymakers embrace policies which will unlock growth, create jobs and build confidence.
“A greater level of infrastructure investment is key to supercharging our recent confidence boosts.”
Sunday, October 15 2017
The national vacancy rate has fallen from 2.3% to 2.2%, with rental markets tightening in most major cities, according to SQM's data for August.
The Melbourne and Sydney markets were tight at 1.7% and 2%, respectively, unchanged from July, while vacancy rates contracted significantly in Brisbane, Adelaide and Darwin.
The research indicates the risk of oversupply in some city markets is not as bad as previously thought.
SQM managing director Louis Christopher says, "We now have mounting concerns for significant rental shortages in 2019 in Sydney and Melbourne". His forecast is based on projections that building completions will peak early next year, while the number of houses and flats ¬approved for development is sliding.
Christopher's comments contrast with warnings from the Reserve Bank that the Melbourne and Brisbane apartment markets are facing oversupply
Sunday, October 08 2017
Momentum continues to shift towards Brisbane
Wednesday, October 04 2017
Home values increased in all but two capital cities last week, with only Sydney and Adelaide recording falls, according to the latest CoreLogic data.
Melbourne was the highest climber at 0.3 per cent, followed by Brisbane and Perth at 0.2 per cent and 0.1 per cent respectively. Both Sydney and Adelaide fell 0.1 per cent, CoreLogic’s Property Market Indicator data showed.
The monthly index was up by 0.2 per cent for the week. It rose by 8.6 per cent for the year. Sydney and Melbourne remained the main drivers at 10.5 per cent and 12.1 per cent, respectively.
Houses remained more popular than units, and the average time for houses on market shortened slightly last week, with Canberra, Melbourne and Sydney performing best at 26 days, 28 days and 29 days, respectively.
Perth and Darwin performed the worst at 84 days and 91 days each.
Monday, October 02 2017
Brisbane is still the top pick for property investors according to the The Property Investment Professionals of Australia national survey.