Tag: housing
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Energy Efficient Homes Are Driving Queensland’s Property Market Boom in 2025
Queensland’s real estate sector is undergoing a major shift in 2025, and it’s not just about location anymore. With rising energy costs and increasing environmental awareness, energy efficient homes are emerging as a top priority for both buyers and renters. In fact, according to a new report from Domain, the demand for sustainable housing has…
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Australian Housing Market 2025: What Buyers and Investors Need to Know
As the Australian housing market 2025 continues to unfold, buyers, investors and renters alike are closely watching shifts in supply, pricing and demand across major cities. With interest rate stability on the horizon and population growth putting pressure on housing stock, the next 12 months are shaping up to be pivotal. National Trends Shaping the…
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Northern Territory Paying Aussies to Make the Move Up North
Financial incentives are being offered to Australians who buy a house in the Northern Territory in a bid to attract more people to the state. The government is pledging $9.3 million towards plans to try and lure people, including migrants, up north. The announcement is a part of the Northern Territory Population Growth Strategy 2018-2028…
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Australian housing prices continue to rise
Core Research has announced a 3.7% rise in Australia’s housing market prices since January. Sydney dominated the Australian property market, with the highest increase of 5.3%, with Melbourne close behind with a respectable 4.4% rise. Only Perth has recorded a decrease in housing prices, which fell 1.1%. Sydney has long held the title of Australia’s most unaffordable…
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Victoria criticises Federal Government on home ownership
The Victorian government has today launched an attack on the federal government, accusing them of not acting sufficiently to arrest the decline in home ownership levels. With a meeting of the nation’s treasurers scheduled to take place today in Canberra, the home ownership problem is set to dominate the agenda. The Victorian Treasurer, Tim Pallas,…
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Is rent control a solution to the housing crisis?
In the ongoing housing affordability crisis, government and non-government parties alike are searching for ways to ease the pressure on tenants. One of the potential solutions is rent control, which would allow for capped rental prices dependent on income. Rent control dictates that a tenant pay 30% of your income on your housing. City West Housing are…
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Reserve bank leaves interest rates at 1.5%
In an unprecedented move, the Reserve Bank has left interest rates at 1.5% for the seventh month in a row. This was the first meeting of 2017 and it has surprised economists that the rates have stayed the same despite concerns about the housing market and the growing economy. The bank’s governor Philip Lowe has…
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Housing prices surge in Sydney and Melbourne
Housing prices have surged again, hitting their highest point since the early 2000’s. This represents the quickest annual growth seen on the housing market in over a decade. Unfortunately for first time owners, investment property buyers are buying properties in the countries’ two most populous cities, Sydney and Melbourne. This is due to the Reserve Bank cutting interest…
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Almost 150 properties up for auction in Gold Coast
In one of the biggest auction days in Australia’s history, nearly 150 properties went under the auctioneer’s hammer on Sunday. Ray White Real Estate Surfers Paradise hosted around two thousand people for the auction, of which over 330 were registered bidders. Of the 135 properties for sale, over half the properties were sold on the day, with 20…
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Sydney’s housing is second most expensive globally
Sydney has been ranked the second most expensive housing market in the world, according to a study by research company Demographia. The study ranked Hong Kong as the most unaffordable city in the world, followed closely by Australia’s biggest city. Demographia’s 2017 International Housing Affordability Survey comes at a time of great concern for the future of Australian…