Are you wondering what lies ahead for Australia’s housing market? After an eventful 2024 where dwelling prices rose by an average of 7% nationally, it’s time to unpack what’s driving the market and what investors and homeowners can expect this year. Here’s what the latest data and analysis from the Bank of Queensland Housing Market…
With more suburbs reaching the million-dollar mark, many potential homebuyers are left wondering just how much they need to earn to join the million-dollar homeowners club. You may be surprised to learn that the salary required to buy a $1 million property isn’t as high as you might think. What does it take to buy…
New dwelling approvals – whilst up 6% on last year – remain lacklustre. Some 168,000 new dwellings were approved over the past twelve months, most of which (110,000 or 65% were detached houses) and 58,000 were attached dwellings. Nearly half (47%) of the new attached dwelling approvals were townhouses, followed by high-rise apartments, mid-rise stock…
Think you know Australia? Think again! Beyond the stunning coastlines and bustling city life lies a land brimming with intriguing economic quirks, surprising demographic trends, and a property market that can turn heads around the globe. So, for Australia Day, let’s look at 12 fun facts that reveal the hidden dimensions of Australia’s wealth, housing,…
As Australia grapples with a housing crisis, an interesting trend has emerged: Australians are increasingly shunning apartments, particularly those in high-density developments. In an article on news.com.au, Tarric Brooker explains that many Aussies are turning away from apartment living even though it’s a much more affordable option. The growing aversion to high-density apartment living In…
What’s next for Australia’s housing market? As we step into 2025, many Australians are asking how the property market will evolve amidst shifting economic tides. With interest rates, population growth, and housing supply under the spotlight, understanding the key forces at play is essential for homeowners, investors, and policymakers alike. Cameron Kusher, Director of Economic…
Is the rental crisis finally easing, or is this just a temporary pause? If you’ve been keeping an eye on the rental market—or trying to find a place to live—you’ll know that the past few years have been exceptionally tough for renters. Surging rents, scarce availability, and intense competition have defined the landscape. But now,…
If you’re feeling uncertain about the property market right now, you’re not alone. Many property investors I speak with are in the same boat – bombarded by conflicting information and unsure about the next steps. The challenges you’re facing are real, but they don’t have to hold you back. Here are some common obstacles you…
National rent values rose 0.4% in the December quarter, the smallest Q4 change in rents since 2018. The pace of national rental growth continued to slow in 2024, with rents up 4.8% over the year after surging 8.1% in 2023, according to CoreLogic’s latest Quarterly Rental Review. The result marked the smallest annual rental increase…
Is Queensland the new darling of Australian property investors? For the first time in history, Queensland has overtaken Victoria as the second-largest property investor market in Australia, trailing only New South Wales. According to an analysis by Money.com.au, investor loan numbers in Queensland are growing at nearly five times the pace of Victoria’s—24% annually compared…
