There seems to be a luxury apartment boom in Australia. According to the latest PropTrack New Homes report, new home developers are increasingly focusing on the luxury apartment market as general construction costs continue to rise. The report said that over the past twelve months, input prices to house construction rose 4.4%, primarily driven by…
Articles by Bryce Yardney
As the housing markets in Australia’s major cities keep changing and growing, it’s crucial to realize that the homes constructed in the past may not match the needs of future homes. As we’ve often said, our changing demographics will drive the shape of our housing markets and these long-term influences will be more important than…
In this third instalment of the Property Development Series, I’ll walk you through the professionals you need on your side throughout your property development project. The property development process has become more complicated over the last few years due to the increased influence of the state government, local councils and various interest groups in the…
Building a house in Australia home can be an exciting experience, but it is important to be aware of the many unexpected hidden costs of when building a house in Australia that can add up throughout the construction process. From the building design to council approval, the build itself to the fixtures and fittings, the…
The new Auction Report for October 2023 from Domain shows that sellers are feeling more confident as we head into the busy spring selling season. The number of properties being auctioned has reached its highest point in a year and a half in major cities (9,798) and in regional areas (1,443). Melbourne saw its auctions…
Have you ever considered getting involved in property development? With the good old boom days of the Australian property market well and truly over, many investors are considering how they can become more actively involved in growing the value of their property portfolio. They realise that simply sitting back and waiting for their equity to…
With Australia’s population growing rapidly, it makes sense to aim to increase housing supply. However, the government’s plan to build 1.2 million new homes in the next 5 years really doesn’t sound realistic. Here are unfortunately many reasons why housing supply just won’t keep up with population growth in the near future. Let’s look at…
Have you ever wondered how you get started in property development? I’ve recently noticed a trend in budding developers – they are looking for an overview of the property development process and they want it in a simple and accessible way. It’s probably in part because many of the property markets around Australia are flat or…
Renters have very few rental options, and buyers are struggling with high prices, which is a problem that has been ongoing for at least thirty years. To fix these issues in a sustainable way, we need to build more homes over the long term. Governments across Australia are starting to realize this need. In August,…
What do you do if you’re keen to buy a property at auction but it is passed in? Sure our property markets are picking up, but around 30% of properties put to auction still don’t sell on the day, so how do you handle the situation? When a property passes in, the highest bidder is generally…