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City, ACT 2601 Review
Liam
City
Property values across the state and territory capitals fell 0.5% last month, the first decline since June 2019, according to CoreLogic Inc. data released Monday. Amongst the biggest falls were Melbourne, where prices dropped 0.9%, and Perth, which was down 0.6%. “Eventually government stimulus will wind back and borrower repayment holidays will expire,” said Tim Lawless, head of research at CoreLogic. “In the absence of these policies, housing values could come under some additional downwards pressure if economic conditions haven’t picked up towards the end of the year.” The government is planning to announce a fresh stimulus plan for the building industry, which employs about 10% of the nation’s workforce. Source: https://www.bloomberg.com/news/articles/2020-06-01/australia-house-prices-fall-as-shutdowns-hit-property-marketx
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1D ago
John
City
Propertyology’s head of research, Simon Pressley, has revealed that Canberra ranks first amongst Australia’s eight capital cities. “Canberra’s economy was already strong before the germ arrived. And with approximately 100,000 of its 213,000 workforce in the public sector, it will be significantly sheltered throughout the COVID job lockdown period,” “Brisbane’s property market is in second spot. Propertyology has been publicly critical of Brisbane, and we remain unchanged from our long-held view that Brisbane’s soft private sector job growth is an important missing link for otherwise solid fundamentals,” Mr Pressley said. Source: x
Australia’s top capital city revealed
Despite the majority of the focus being on Sydney and Melbourne, a property researcher has revealed that neither city gives investors the best bang for their buck.
www.smartpropertyinvestment.com.au
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5D ago
Roma
Justprop Team member
City
The Logan suburbs with the highest rental yields for houses are Logan Central (6.49 per cent), Kingston (6.19 per cent) and Woodridge (6.16 per cent). Suburbs like Kingston and Woodridge are under a half-hour drive to Brisbane, and suburbs like Eagleby and Beenleigh are just over a half-hour drive to the Gold Coast.
According to OpenAgent’s data analyst Carson Teh, the Logan region is expected to grow significantly this 2020, driven by the increase in population as well as several enhancement projects. “The Queensland government expects the population in Logan to grow from 326,615 people in 2018 to 432,000 by 2031,” said Mr Teh. “Entry-level housing is always appealing, especially to interstate investors when they compare local house prices, NSW in particular, and see significant value long term,” Mr Piotto highlighted.
“Rental returns are always going to be strong with the area located right in the middle of Brisbane and the Gold Coast, great public and private schooling, and the blue-collar industry within a 10-minute drive of these areas.
“With the local and state government continuing to improve amenities, new water parks, Logan Metro Sports Centre and the Logan Entertainment Centre, it’s easy to see why families get a lot of bang for their buck so to speak.” For more details, visit: x
Brisbane suburbs near CBD boast above 5.6% yields
Latest insights from OpenAgent.com.au found that suburbs near the Brisbane city centre boast rental yields over 5.6 per cent.
www.smartpropertyinvestment.com.au
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10D ago
John
City
The Valuer-General’s 2020 Property Market Movement report shows the median price for residential land on the Gold Coast increased by 4.8 per cent over the past year to $355,000.
Clear Island Waters was the standout suburb with a 20.6 per cent increase to $820,000 Queensland’s State Valuation Service area manager Greg Crowley said the results showed the market was still positive for most areas of the Coast.
“One of the stronger areas was Clear Island Waters which showed a 20.6 per cent increase in median value,” he said.
“It shows the strong demand for waterfront properties.”
While Advancetown (67.9 per cent increase) and Austinville (34.2 per cent) recorded huge jumps, Mr Crowley said there wasn’t enough properties measured for an accurate representation.
“They’re not a good measure of the overall market,” he said. Mermaid Beach, Parkwood, Molendinar and Arundel all decreased in value while 18 suburbs recorded no change.
“This just shows a small price correction,” he said.
“For those that remained unchanged it shows the market is stable.”
Valuations were last issued for the Gold Coast in 2018.
The full report will be up at 9am at www.qld.gov.au/environment/land/title/valuation/market-reports
“This information will be used for local council ratings, state land tax and state land rental from June 20, 2020,” Mr Crowley said.
BIGGEST WINNERS
Advancetown, $1.175 million, 67.9 per cent increase (based on two properties)
Austinville, $550,000, 34.2 per cent increase (based on one property)
Clear Island Waters, $820,000, 20.6 per cent increase (based on 1072 properties)
Currumbin Valley, $1.1 million, 18.3 per cent increase (based on 7 properties)
BIGGEST LOSERS
Mermaid Beach, $1.1 million, 4.4 per cent decrease (based on 1127 properties)
Parkwood, $325,000, 4.4 per cent decrease (based on 2533 properties)
Molendinar, $355,000, 4.3 per cent decrease (based on 1823 properties)
Arundel, $335,000, 2.9 per cent decrease (based on 3017 properties) Source:x
Gold Coast property: land valuations reveal winner...
Gold Coast land valuations have jumped by almost five per cent across the city with one suburb soaring in value by more than 20 per cent.
www.realestate.com.au
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2Mo ago
John
City
As a renter, there are few better feelings than finding a place you love in a suburb that fits like a glove. But often it can take some research to find a home for the right price. The latest data reveals last year’s cheapest rental suburbs within 10 km of the city. Jarrod Scott, senior manager of Rent at realestate.com.au explains that for tenants, affordability is a major concern especially in areas like Melbourne where we’re seeing suburbs with vacancy rates at 2% or below. Scott says renting cheaper gets you one step closer to the holy grail of maintaining lifestyle whilst saving and these suburbs offer you the best of both by combining great affordability and proximity to CBDs.
Below is break down the cheapest rental suburbs for houses within 10 km of the CBD for each state: Sydney - Canterbury, 2193 – $595Melbourne - Bellfield, 3081 – $415Canberra - Belconnen, 2617 – $420NT - Millner, 0810 – $400Brisbane - Rocklea, 4106 – $365Hobart - Risdon Vale, 7016 – $350Adelaide - Kilburn, 5084 – $330Perth - Westminster, 6061 – $300 Read more: x
Cheapest rental suburbs of last year within 10km o...
As a renter, there are few better feelings than finding an affordable place you love in a suburb that fits like a glove. We've done that homework for you.
www.realestate.com.au
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78 Views
3Mo ago
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