Tag: real estate
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QIC lodges plan for $560m next phase of Castle Towers
Queensland Investment Corporation (QIC), has lodged a development application for a $560 million project, the next phase of its Castle Towers Shopping Centre precinct, in Castle Hill, Sydney. QIC is the Queensland government’s investment company. In 1982 Castle Towers first opened, and a further $180 million expansion opened in December of 2019, with further redevelopment…
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Building approvals and home values falling at a record pace, with more to come
Australian building approvals fell for a third straight month at the end of 2022, with Australian Bureau of Statistics (ABS) data revealing the number of houses and apartments planned in November were almost half the record achieved in March 2021 at the height of the pandemic. The data release coincides with the latest Corelogic research…
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The story of an old pool on “unusable” Mosman land that was transformed into Australia’s most spectacular home.
A controversial Mosman home, 15 years in the making, has defied all odds to win a prestigious international property award. Its proud owners, Robert and Leonie Klaric, invited Anna Usher around for a private tour of their very own utopia. It’s one of those perfect Sydney mornings, when I step barefoot, onto the golden sands…
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Surge in First Home Buyers help drive the housing market
New loans for first home buyers made up 41% of the number of new loans that were issued in the past six months. That is the highest it has been in more than ten years. Low interest rates and government assistance has created this surge of first home buyers. HIA’s Senior Economist, Nick Ward said, “First…
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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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Regional Suburbs Show Promise as Sydney and Melbourne Step Off Top Spots in Housing Market
Real estate agents are encouraging investors to broaden their horizons beyond the big cities, after regional areas surge through the housing market this month. Housing prices are decreasing in Melbourne and Sydney, with just a handful of suburbs between the cities showing significant economic growth. Perth, Adelaide and Canberra have emerged recently, and with the…
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New home sales barely rise in February says HIA
Figures from the Housing Industry Association (HIA) have shown that new home sales have barely risen in February. New home sales have only risen 0.2%, with almost no movement in the sales of detached and multi-unit homes. “There was very little movement in the two sub-series with detached house sales ticking down by 0.1% in…
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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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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…