Brisbane 2032 Olympic Venues Announced

Posted on 2 August 2021
Source:  Austadiums Brisbane has been awarded the 2032 Olympic Games, with venues previously confirmed, including a re-built 50,000-capacity Gabba to be the main stadium. See the full list below. Officials are planning to host an Olympic Games that'll break-even avoiding the mistakes of previous hosts were huge sums of money have been spent building stadiums that end up as white elephants. The Brisbane 2032 Masterplan includes 32 venues within South-East Queensland for the 28...

Will Qld's Property Prices Win Gold After the 2032 Olympics?

Posted on 2 August 2021
Source:  REIQ Although some 11 years away, the 2032 Olympic Games is on the lips of most Queenslanders particularly among Brisbanites whose home city has been declared host of the event.  However, it's not just the excitement of the world's largest multi-sport event that has tongues wagging. Hosting the 2032 Olympics and Paralympics could be a "game-changer" for Queensland, according to Brisbane Lord Mayor Adrian Schrinner, who says it could "deliver 2...

Brisbane rents at record highs amid property shortage

Posted on 27 July 2021
Source:  Domain Brisbane tenants are now paying the highest median house rents in the city's history after prices climbed 12.5 per cent over the past year to reach a record-shattering $450 per week. Property experts say mass interstate migration, a booming property market and years of steady rent prices fuelled the hike, with tenants warned to brace themselves for further jumps as landlords capitalise on record-low vacancy rates and skyrocketing demand. According to the lates...

Queensland Leads East Coast Property Boom

Posted on 27 July 2021
Soiurce:  REIQ Journal Australia's economic recovery from the effects of the COVID-19 pandemic has been led by the performance of its east coast property market, according to end-of-financial year figures released by PEXA, Australia's leading digital property settlement platform. THE TRENDS THAT MATTER IN AUSTRALIA'S PROPERTY BETWEEN JULY 2020 AND JUNE 2021 Queensland leads the east coast for growth, recording +203,000 property sale settlements (up 37% year-on-year) w...

Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear

Posted on 6 July 2021
Source:  CoreLogic National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. CoreLogic Head of Research for Australia, Eliza Owen noted "This is the highest annual rate of growth seen across the Australian residential property market since April 2004, when the early 2000's housing boom was winding down after a...

COVID and remote working spurs regional migration

Posted on 6 July 2021
Source:  Ausralian Property Journal AUSTRALIANS are still increasingly deciding to make the move to regional areas, as the COVID-19 accelerated trend sees a 7% increase. According to a new report by Commonwealth Bank and Regional Australia Institute (RAI) the increase in movements from capital cities to regional areas between March of 2020 and 2021, supported an increase in net regional migration of 66% in the last quarter compared to the same period in 2020. RAI-CBA Regional Mov...

Expert's Report - Beware of Assumptions

Posted on 11 May 2021
Source: Ian Neil, McCarthy Durie Lawyers Although the issues concerned an Accountant's expert report in Queensland Supreme Court civil litigation1, the Court's consideration of the issues are no doubt relevant to experts' reports in the Planning & Environment Court and Land Court jurisdictions. Indeed, it is probably fair to say that many expert reports in those jurisdictions, possibly for reasons of complacency in instructions provided or the expert's frequent engagem...

Auction Markets Cooling, Price Growth Slowing

Posted on 28 April 2021
Source:  Australian Property Journal AUCTION clearance rates and sale volumes have continued to decline as the market shows signs of cooling after a heated month of March. National Sale volumes dipped below the $1 billion mark on the weekend for the first time since 27 February when the market began to pick up in the lead up to Easter. According to Domain, there were 1,721 listings, 1,223 auctions and 981 sales were reported, resulting in a preliminary clearance rate of 80.2%. ...

Queensland Settlements Soar to New Heights

Posted on 28 April 2021
Source:  Australian Property Journal QUEENSLAND set its highest sales settlements since 2007 in the first quarter of the year, as confidence soars in the north-eastern property market. According to recent analysis by PEXA, national sale settlements in the first quarter were up 30% compared to the same period in the previous year, with nearly 200,000 properties being settled. In Queensland sales settlements were up 40% year-on-year, with 51,771 properties settled in the quarter.&n...

7 signs the housing market is moving through a peak rate of growth

Posted on 28 April 2021
Source:  CoreLogic The pace of capital gains across Australian housing markets has been close to record breaking, with the national growth rate in March the fastest since 1988. Such exuberant conditions have been driven by a multitude of factors including record low mortgage rates, a stunning surge in consumer confidence as the economic recovery beats expectations, a range of additional stimulus measures which have incentivised home buying and building, and persistently low adverti...

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