The Australian Megan Neil A fear of missing out has gripped investors as they go head-to-head with first-home buyers to secure affordable properties, driving a “market frenzy” and panic buying ahead of expected price rises. The earlier start of the federal government’s expanded 5 per cent deposit scheme on October 1 has brought forward demand […]
Geelong Advertiser Peter Farago Two entire blocks of flats next to Geelong’s main hospitals have generated more than $5m in sales as investors’ appetite for Victoria’s second city grows. The mid-century properties comprising 15 separate two-bedroom units were secured by investors in separate deals handled by Gartland Geelong agent Tony Young. The second of the
The Australian Megan Neil A fear of missing out has gripped investors as they go head-to-head with first-home buyers to secure affordable properties, driving a “market frenzy” and panic buying ahead of expected price rises. The earlier start of the federal government’s expanded 5 per cent deposit scheme on October 1 has brought forward demand
Build to Rent Sector Surges Australia’s Build to Rent sector is surging, with the national pipeline now worth more than $30 billion. According to the Property Council of Australia, the value of the sector has grown by 35% in the past year. BDO Partner Luke Mackintosh says the sector has the potential to grow substantially
Hotel Investment Potential Growing Investment in hotels is picking up pace with new international flight routes and growing demand set to “supercharge” the sector. A new report, Runway to Room, by CBRE tracks the launch of 56 new international flight routes in the past 12 months, which added more than 10,500 flights to key Australian
Approvals Remain Stable Housing approvals have remained fairly stable across Australia in the past three months, despite a slight dip in August. New monthly home building approvals data show a dip in apartment approvals in August of 2.9%, but HIA Senior Economist Tom Devitt says approval levels are pretty much on a par with the
Taxes Biggest Concern The continual increase in taxes and levies on property construction and investment is having a big impact on industry confidence. The latest Procore/Property Council survey of industry experts shows a doubling of the number who are concerned about how the sector is taxed. At a state level, 32% of respondents named property
Property Price Growth Heats Up Property price growth is continuing to heat up, following nine consecutive months of increases. Nationally, home prices rose by 0.5% in September according to PropTrack data, resulting in values being 6.2% higher than at the same time last year, which equates to about $54,100. In the housing market, Darwin is
The West Australian (Saturday edition) Kim MacDonald Two WA suburbs have been singled as being among the best areas to own a property in the nation. Edgewater and Doubleview have been named on real estate forecaster Hotspotting’s list of Australia’s “hottest” suburbs, which takes into account how quickly properties sell, the local vacancy rate and
Geelong Advertiser Peter Farago The Geelong suburbs where homebuyers are most likely to reap the rewards of a rising property market are identified in a new report. Research firm Hotspotting outlines the hot spots in our region as it reveals regional Victoria is one of the big winners in its Spring Price Predictor Index. “These
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