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Northern Territory
InvestAus
Driver
In 2018-19, Net overseas migration (NOM) contributed to 62% of total population growth.
The headline numbers catch the attention of the media and the general public, but overseas migrants are a diverse group of people. The recent release of the annual migration publication by the ABS sheds some light on these, such as the balance between permanent and temporary migration. It may surprise some people that most arrivals are here on temporary visas and in 2018-19 they comprised 64% of the total. They include international students, skilled visa holders (commonly known as 457s), and working holiday visa holders.
All visa types have certain conditions regarding length of stay, and this is important from a population measurement perspective. In a globalised world, when people can move between cities, regions and countries with relative ease, the shift towards temporary migration is not surprising.
Some temporary migrants may later become permanent migrants, but this process can take many years and involve a transition between visa types. Source: x
Most of Australia's migrants are here temporarily
Net overseas migration (NOM) is the primary driver of population growth in Australia. In 2018-19, NOM contributed to 62% of total population growth. The...
propertyupdate.com.au
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129 Views
3Mo ago
Roma
Darwin City
DARWIN council could waive rates for residents who can prove they have been severely impacted by the COVID-19 crisis, while landlords who offer rent relief to residential and commercial tenants could get more time to pay.
Darwin council will consider the proposal at a council meeting on Tuesday night as part of a review of its hardship policy.
The council will review the hardship policy behind closed doors, but Lord Mayor Kon Vatskalis said there was still plenty of council money available to help people who were struggling financially.
“We’ve been talking to the department (of local government) and now there is a possibility to waive the rates,” he said.
“Come to us, talk to us, show us your hardship and we will sit down and consider your hardship. “I’m happy to go back and help commercial landlords, residential landlords and people who own their own house.”
Mr Vatskalis said he would push to have the first quarter rates of the 2020/2021 financial year deferred and a waiver of fees and charges extended.
“If you don’t have to pay the rates now and you can pay them in 12 months’ time it can provide a lifeline,” he said.
“If we don’t do anything, businesses will go under and in six months’ time when it’s back to normal, there will be nothing open and nothing to do.”
The first quarter rates of 20/21 are due at the end of September.
“At the end of the day if we don’t look after our people now we shouldn’t expect them to come back to look after us,” Mr Vatskalis said.
“I want our community to survive now and rebound quickly when we are back to normal.” Details:x
Darwin council could waive rates for struggling ho...
DARWIN council could waive rates for residents who can prove they have been severely impacted by the COVID-19 crisis, while landlords who offer rent relief to residential and commercial tenants could ...
www.realestate.com.au
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117 Views
5Mo ago
Justprop Team
Justprop Editor
Justprop Editor
Justprop Editor
Sam2019
Sydney
The Australian property market finally started to pick up at the end of last year after suffering a long downturn. After the election results, OpenAgent’s Consumer Sentiment Index saw an increase in price expectations. This outlook is continuing to improve, suggesting that property prices could continue going up. New South Wales
The proportion of New South Wales home sellers believing that prices will be going up within the next six months gradually increased throughout last quarter. By the end of December, 82 per cent believed prices would stay the same and only 6 per cent believed they would go down. Victoria
At the last quarter, home sellers in Victoria were the most optimistic compared to home sellers in the other states. In particular, there was a massive spike from November to December. A large 85 per cent of respondents in Victoria believed prices would be going up during the first half of this year. Queensland
Price expectations in Queensland remained stable all of last year and continued to do so in the previous quarter. About 74 per cent of sellers in Queensland said they believed prices would be going up in the first half of this year. Tasmania
The property market in Hobart has also been improving this year. In January, the median house price ($512,899) went up by 0.9 per cent. Similarly, the median unit price ($398,205) went up by 0.8 per cent. The city is now back to its former peak. Australian Capital Territory
Though the increases in Canberra’s median values over January were quite small in comparison to other capital cities, the market is still back to its last peak. There was a 0.3 per cent increase in the median house price ($701,561), and a 0.1 per cent increase in the median unit value ($441,400). South Australia
Market expectations for South Australia were rather negative in the first half of 2019. However, these significantly improved by the end of year. Western Australia
The market in Perth is finally seeing positive changes. In January, the median house price ($456,803) increased by 0.1 per cent and the median unit price ($352,556) increased by
0.3 per cent. Unfortunately, dwelling values haven’t gone back to their last peak and are still down overall for the past year.
Northern Territory
The Darwin market has a similar story. There has been an overall increase of 0.1 per cent in dwelling values but prices are still well below their peak. Though there was a 0.6 per cent increase in the median house price ($469,834), the median unit price ($275,636) went down by 1.1 per cent.
Market outlook
Solid performance across the nation is a great sign that it’s a seller’s market. If you’ve been waiting for the right time to put your property on the market, this could be it. Read more:x
State-by-state breakdown: Property markets improve...
OpenAgent’s Consumer Sentiment Index saw an increase in price expectations at the end of 2019. This outlook suggests that prices could continue to rise.
homesales.com.au
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145 Views
7Mo ago
Royal
Darwin City
Darwin continues to be the only city in the nation with falling house prices. CoreLogic says Australian house prices continued their recovery in December 2019 everywhere except Darwin.Its monthly results show national dwelling prices going up by 1.1 per cent, but Darwin fell a further 0.5 per cent last December. Our city recorded a yearly drop for 2019 of 9.7 per cent.The only other cities to record a drop in 2019 house prices were Perth (6.8 per cent) and Adelaide (0.2 per cent) Over the year Sydney and Melbourne house prices were up 5.3 per cent, Hobart up 3.9 per cent, Canberra up 3.1 per cent and Brisbane 0.3 per cent up. Read morex
Darwin continues to be only city in nation with fa...
DARWIN continues to be the only city in the nation with falling house prices
www.realestate.com.au
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231 Views
8Mo ago
MD Emren
Gosford
The NSW suburb topped the list due to a number of factors including the recent bushfire risk, oversupply of units (at more than 72 per cent of existing stock) and that units unsuitable for families were not in high demand.Sydney+suburbs
It is hard to convince prospective buyers that this is the best investment they can make when there are plenty of other options available.
Another at-risk area is the suburb of Mascot with 1,061 units in the pipeline, at an addition of 17.67% to existing stock, and where news of the construction defects impacted the entire suburb.
Areas outside of Sydney and Melbourne, such as Darwin, experienced overall weakness in the property market due to low population growth (the Northern Territory was the only state in Australia that experienced population loss in 2017-18). Read more:x
Top 10 Danger Zones for 2020
Gosford has taken out the No.1 spot in RiskWise’s 2020 list of Top 10 Danger Zones. The NSW suburb topped the list due to a number of factors including...
propertyupdate.com.au
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253 Views
7Mo ago
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