Toggle Menu Header



Real estate agent,

What investors need to know before buying a property in Sunshine coast

16D ago 0 Replies 14 Views
Investors in popular tourist destinations are being urged to check if their unit is approved for either short- or long-term stays before purchasing, an industry adviser warns.

According to Archers partner Grant Mifsud a recent court rulings found permanent residents in a Sunshine Coast complex were living there unlawfully, because the building was only approved for short-term stays.
“If you are considering purchasing an apartment as an investment or for a sea change make sure you are aware of the planning approval for the building, particularly if it is a resort complex,” Mr Mifsud said.
The industry expert said on the flipside, investors looking to purchase properties for short-term stays might be impacted if the accommodation has restrictions on living.
“Airbnb in Queensland is governed by more than 70 different sets of local government zoning laws with some councils imposing expensive planning approval requirements for short-term letting,” he said.

Details inside:

Top Contributors Last 30 days

1 Joshua
2 John
3 Ronie

Related Posts

Sydney is a renter’s paradise with landlords slashing rent by an average of 2.9 per cent in the past year

While house prices continue to go up and up, renting in Australia’s most expensive city is becoming cheaper and cheaper. A flood of completed developments and an increase in the number of investors has ramped up Sydney’s supply of rental housing, putting prices on a sharp decline, new research shows. REA Group reports rental prices across all dwellings in the 12 months to January have declined by an average of 2.9 per cent. The largest falls were recorded in Sydney’s south west where the typical apartment is now 4 per cent cheaper to rent at $360 per week than this time last year. The inner west was the second weakest rental market in the Harbour City, with the median unit rental price down 3.7 per cent to $520 per week. This comes as inner west landlords continue to deal with the highest vacancy rates the area has ever seen. Blacktown had the third biggest drop with houses down 3.4 per cent to $430 per week, while the inner south west region saw both house and unit prices fall 3.3 per cent and 3.2 per cent respectively during the same period. Read more:x Sydney rental market more affordable as house and ... Renters need to act fast if they want to pay less, as landlords continue to struggle finding tenants due to an oversupply of stock. Here are the areas where renters are scoring big savings:
6Hr ago 1 View

NSW: Sydney property prices are on the rise again as per the startling recent forecast

There was a startling recent forecast that house prices will rise 20 per cent in this cycle. It was made by respected housing commentator Christopher Joye, who co-wrote a 2003 report commissioned by The Menzies Research Centre for the Prime Minister John Howard’s Home Ownership Task Force. When house prices were still in decline last April, Joye forecast a sharp 10 per cent rebound based on an assumption of two quick RBA cash rate cuts. Some three cuts actually emerged, with Joye noting last week that across Australia’s eight capital cities, dwelling values were now eight per cent above their mid-2019 nadir with Sydney prices leading the way with even stronger capital gains for homeowners. Joye, the co-chief investment officer of Coolabah Capital Investments, has for years taken up the fight with alarmist claims of the professional property doomsayers. And typically his reasoned forecasts have matched the market movements down the track. But his suggestion that house prices still have much further to rise is quite troubling when it comes to affordability. Wages are barely budging, and jobs can be very much at risk, yet the costs of health insurance, child care, energy, education and housing are all exploding. I agree Sydney property price declines don’t seem likely on the horizon this year, other than something unexpectedly occurring from left field. But we could really do with a long price plateau, as we experienced following the boom-bust around 2003/2004. The cooling between 2018 and 2019 had been good news for first-home buyers, but not dramatically so. Read more:x Forecast for Sydney property price rise bad news f... While it seems unlikely that Sydney property prices will fall in the near future, a period of stability will suit everyone, especially first-home buyers, writes Jonathan Chancellor.
Justprop Team
Justprop Team
1D ago 10 Views

Narrabeen is known for its surfing beach and is starting to give Manly a run for its money when it comes to unit

Narrabeen has a new suburb record for an apartment – plus a string of strong sales from buyers looking for a beach lifestyle. A four-bedroom penthouse at 3/16 Ocean St sold at auction for more than $640,000 over its guide; next door at 18 Ocean St another auction saw six parties bidding hard with $50,000 bids. Then an older-style two-bedroom unit in Lagoon Street had eight people chasing it and it sold way above expectations to downsizers. Lachlan Yeates, of Upstate, said Narrabeen was coming of age and while the tight-knit surf community was still evident there was also a lot of new money going into the suburb. The suburb has seen a bevy of new cafes and good restaurants and such is the demand for low-maintenance apartments two more blocks are being constructed at the moment, both in Lagoon St. Currently the median price for a Narrabeen unit is $845,000. “Narrabeen is not a fibro suburb anymore, it’s the best surfing spot in Sydney and it is quick getting to the city via Wakehurst Parkway. There is a lot of money in Narrabeen now,” Mr Yeates said. Source:x Narrabeen unit prices starting to give Manly a run... Narrabeen units are in high demand and selling for big money as buyers start selecting the surfing and lagoon suburb over Manly.
1D ago 4 Views

Sydney’s property market is leading the charge across Australia

Sydney’s property market is topping the chart across Australia, with a flurry of new year activity, top auction sales results and price growth. Real estate agents and property analysts say a lack of stock is encouraging fierce competition for some properties and a surge in sales prices. “The Sydney market is very strong at the moment,” says chief economist Nerida Consibee. “What we are finding is premium markets are doing incredibly well, particularly the inner west, the inner east, northern beaches and lower north shore – they’re all starting to get to double-digit price growth for houses. “That has also flowed through to the rest of Sydney so if we have a look at houses across Sydney we are seeing price growth. However, there are still a few problems in the unit market. In places like Paramatta and Blacktown we are still seeing quite a lot of overhang of stock from the last building boom, so pricing for that stock isn’t doing as well. Overall, everything is back on and the market is in recovery mode.” Read more:x The Sydney market continues to impress from all co... Sydney’s property market is leading the charge across Australia, with a flurry of new year activity, top auction sales results and price growth.
Justprop Team member
Justprop Team m
4D ago 16 Views

Top 10 danger zones of 2020 - Gosford ranks #1

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...
MD Emren
MD Emren
4D ago 66 Views

Planning to move from Sydney to Melbourne..Know some equivalent suburbs

If you’re looking to sell your Sydney home and move to Melbourne, you might be wondering what types of suburbs there are and if there are any equivalent areas. Of course, Sydney and Melbourne are quite different. However, you’ll be able to find similarities between different Melbourne and Sydney suburbs. Overall, you’ll be happy to know that if you’re moving from Sydney to Melbourne, it’s actually less wet. However, Melbourne is slightly colder and is more cloudy. You’ve bound to have heard that Melbourne is one of the most liveable cities in the world, not only based on the environment but also on healthcare, culture, infrastructure, education and stability. One of the major reasons why people move from Sydney to Melbourne is for affordability. Despite a relatively similar feel, property in Melbourne is significantly cheaper. The median dwelling value in Sydney is about $805,424 whereas the median dwelling value in Melbourne is only $634,913. If you’re looking at buying your next home or investment property here’s 4 ways Metropole can help you:Strategic property advice.Buyer’s agencyWealth AdvisoryProperty Management Read more:x Moving from Sydney to Melbourne: suburb equivalent... If you’re looking to sell your Sydney home and move to Melbourne, you might be wondering what types of suburbs there are and if there are any equivalent...
5D ago 10 Views
4 online
Justprop Team
Engaish Sapra