on 12 January 2021
With an unprecedented year, came an unprecedented rental market. From tight vacancy rates through to increased median rents, we conclude 2020 with a prediction that Australia will experience the largest rental boom in history.
We delved into the latest Queensland Market Monitor to capture the top 2020 rental market insights and spoke to Propertyology Head of Research, Simon Pressley, to understand what we can expect in 2021.
A 2020 WRAP UP
Demand for rental properties h...
on 10 November 2020
Source - Corelogic
There has been a high level of interest as to whether the pandemic has spurred housing demand in regional markets of Australia.
Housing market data is partially suggestive of this, especially across the largest capital cities. Rental value increases are positively correlated with greater distance from the CBD for the largest capital cities. The latest CoreLogic indices show growth across regional housing markets is higher than the capital cities in both quarterly and ...
on 30 September 2020
Source: Courier Mail
A ban on immigration could make the next few months a great time to buy a house, with COVID-19 sparking conditions not seen in 40 years.
A COVID-19 induced ban on immigration is set to see Australia hit a giant population slump, the likes of which we have not seen in four decades, according to market experts, Fitch Ratings.
In a research note, Fitch Ratings predicted Australian house prices would fall by 5 to 10 per cent in the next 12 to 18 months as a resu...
on 30 September 2020
Source: Australian Property Journal
RATINGS agency Fitch is forecasting house prices will decline by 5-10% over the 12 to 18 months due to lower immigration but economists disagree and believe the housing downturn will soon come to an end and they predict values could rise by up to 15% in 2021.
Fitch noted that immigration was already slowing prior to the outbreak of the pandemic but numbers have plunged due to the government's stricter controls on international travel to com...
on 15 September 2020
New data released today by illion shows the important role coffee is playing in helping COVID-weary Aussies cope with the daily grind.
Whether it's a time-honored cappuccino or a trendier macchiato, cafephiles in Sydney and Melbourne continue to feed their cravings for fresh ground caffeine in the suburbs.
Coffee consumption in Sydney City, has fallen. However, the traditional latte lines of Sydney have increased their suburban café spending, with th...
on 28 August 2020
Source: Southern Free Times - Dan Hunt, GBIP Project Chairman
Looking back at the history of the Granite Belt Irrigation Project (GBIP) we are delighted by the progress that has been made in 2020 and the major steps that have been taken towards building this much- needed piece of water infrastructure for local primary producers and communities.
The recent appointment of national engineering consultancy Premise places us in a strong position to obtain the necessary government permits and...
on 28 July 2020
Source: Carter Capner Law
In September 2007 Derek Eckford and wife Gale were enticed by a sign advertising the sale of undeveloped lots in the Avalon@Coolum estate.
They drove up to the hilly subdivision to find the site office and were instantly attracted by the panorama that extended in the distance to the east, the Pacific Ocean and to the south, Mount Coolum.
The sales brochure handed to them showed 17 of the 60 blocks including lot 10 on which the Ken Guy Rea...
on 22 July 2020
Source: Australian Property Journal - Nelson Yap
OVER 14,000 tenants across Queensland impacted by COVID-19 have requested rent reductions significantly higher the state government's estimates of 3,950 with Brisbane landlords and renters bearing the brunt.
According to the Real Estate Institute of Queensland (REIQ), agents have been involved in negotiating temporary reduced rents on behalf of more than 14,000 rental tenants with their landlords.
REIQ CEO Antonia Mercorella s...
on 12 June 2020
Minsol Group/Leeson Valuers/Costello Group are pleased to be awarded the land procurement contract associated with the Emu Swamp Dam/Granite Belt Irrigation Project. This project is of national significance, consisting of a dam and pipeline that will provide the Granite Belt region with new water storage and irrigation. The project has an estimated construction cost of $84 million and is scheduled for completion in 2022.
The key benefits of the project include water security, foo...
on 10 June 2020
Source: Corelogic - Eliza Owen
COVID-19 has brought about downside risks for the economy and housing market. A 0.3% decline in March GDP confirmed a technical recession is underway in Australia, total wages paid fell 5.4% between mid-March and early May, and Australian dwelling market values saw the first month-on-month decline since June 2019.
But one surprising sign of stabilising emerged in May. Home sales have risen, with home owners testing the mar...