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Dahua strikes $140m deal to buy Point Cook site from land bankers

March 25, 2019

Government Infrastructure Melbourne Region Property and Investment News Strategy Victoria

Shanghai-based developer Dahua has beefed up its Melbourne housing pipeline after striking a $140 million deal to buy almost 100 hectares of land in Point Cook in the city’s south-west. Title deeds show Dahua Group Melbourne has placed a caveat over a 98.4-hectare site at 688 Aviation Road after agreeing to buy it from land […]

Big incentives for property investors under new housing package

January 1, 2019

ACT Region Government Infrastructure Property and Investment News Queensland Strategy Tasmania Victoria

On 16 December, Bill Shorten announced a $6.6 billion plan to address housing affordability, which directly involves incentives. Mr Shorten said that under the policy, if investors construct new properties and place them for rent at 20 per cent under market value, a subsidy of $8,500 a year for 15 years would be available for […]

Listings Lurch Higher as Housing Market Conditions Languish

November 27, 2018

ACT Region New South Wales Property and Investment News Queensland Strategy Tasmania Victoria

The volume of housing stock listed for sale is currently higher, for this time of year, than it has been in many years. While total stock is elevated, newly listed stock remains at fairly similar levels to recent years which suggests that it isn’t a dumping of stock onto the market which is leading to […]

Australian sustainable design: The challenges, what we’re getting right, and where to from here

November 19, 2018

Building New South Wales Property and Investment News Pros & Cons Queensland Strategy Tasmania Victoria

The drive behind building more environmentally friendly residential homes is coming from individuals, not government bodies, and cookie-cutter developments are holding us back, according to a think tank assembled to address the issue of implementing sustainable design. The chair of the discussion, organised by LG Electronics, was architect and TV host Peter Maddison, who argued […]

Sydney home prices just fell at the fastest annual pace since 1990

November 1, 2018

New South Wales Property and Investment News Queensland Tasmania Victoria

Australian home prices fell for a 13th consecutive month in October, driven by continued falls in Sydney and Melbourne, the largest and most expensive capital city markets. CoreLogic’s Home Value Index slid 0.5% — the same decline reported in September — leaving the decline over the past 12 months at 3.5% in average weighted terms, […]

Sydney house prices to fall 5.1 pc, but surge on Central Coast: Moody's

September 20, 2018

ACT Region Canberra Region Melbourne Region New South Wales Property and Investment News Strategy Tasmania Victoria

Sydney house prices will fall 5.1 per cent this year, and then tread water in 2019 with only a 0.6 per cent gain, according to forecasts by Moody’s Analytics and Corelogic. However, the correction in NSW won’t be uniform with more affordable areas like the Central Coast – where developers like Rich Lister Tony Denny are selling out […]

How Have Dwelling Values Shifted Across The Regional Areas Of Australia?

September 14, 2018

ACT Region Central Coast Region Hunter Valley Region New South Wales Property and Investment News Queensland Strategy Tasmania Victoria

The latest CoreLogic home value index results show the slowdown in the national market has become more broadly based with regional dwelling value growth continuing to slow. In this week’s Pulse we look at how values have changed over the past 12 months outside of the capital cities. Overall, regional dwelling values recorded a 1.6% […]

Australia's housing downturn is deepening as prices fall across most parts of the country

September 3, 2018

ACT Region New South Wales Property and Investment News Pros & Cons Strategy Tasmania Victoria

Australian home prices fell for an eleventh consecutive month in August, led by declines in a majority of capital cities. According to CoreLogic’s Hedonic Home Value Index, Australia’s median home price fell 0.3%, adding to a 0.6% drop recorded previously in July. That took the decline over the past three months to 1.1%, leaving the […]

 

$50b underground train network for Melbourne’s suburbs announced by Premier

August 30, 2018

Government Infrastructure Melbourne Region Property and Investment News Victoria

A PROPOSED underground train network for Melbourne would carry passengers from the southeast to Melbourne Airport in 45 minutes, government modelling shows. Premier Daniel Andrews today released “expert modelling” that predicts travel times from Cheltenham to the airport – 45 minutes – would be faster than the current car trip. Box Hill to the Melbourne […]

Developer Backs Innovative Build-to-Rent-to-Buy Model

July 25, 2018

Melbourne Region Property and Investment News Strategy Victoria

Impeded by an uninviting property tax landscape, the build-to-rent sector has been stagnant in Australia despite the increasing viability of the model as home ownership rates continue to plunge. More than 40 per cent of Australians now rent by choice and the proportion of households in the rental sector now equals the number of dwellings […]

Melbourne Airport Inks Deal for $100m Medical Marijuana Facility

July 25, 2018

Melbourne Region Property and Investment News Victoria

Melbourne airport will soon be home to Australia’s largest state-of-the-art medical marijuana facility after signing a deal with ASX-listed medicinal cannabis grower Cann Group. Cann signed a heads of agreement on Wednesday for the lease of a five-hectare site in the Melbourne Airport precinct. Australia Pacific Airports will finance and manage the primary construction of […]

Victorian Government Pledges $5 Billion for Airport Rail Link

July 25, 2018

Government Infrastructure Melbourne Region Property and Investment News Victoria

Construction of the long-awaited Melbourne airport rail link could start within four years after the Victorian Labor government promised to match a $5 billion funding pledge commitment from the federal government. Victorian Premier Daniel Andrews promised his government would invest if Labor was re-elected at the November state poll. The project will cost an estimated $8 […]

Aussie: 25 Years of Housing Trends

July 25, 2018

ACT Region Corelogic New South Wales Property and Investment News Queensland Strategy Tasmania Victoria

Aussie recently released there 25 Years of Housing Trends report. This report showcases: Strong housing market conditions have boosted household wealth over the past quarter of a century. The average mortgage size has increased at roughly the same pace as housing values. With mortgage rates being at such a low setting, home loan serviceability measures […]

Domain’s Rental Report: June 2018

July 24, 2018

ACT Region New South Wales Property and Investment News Queensland Tasmania Victoria

Only one capital city’s median rental price for houses increased over the June quarter according to the latest Domain Rental Report out today. The national median rental price for houses remained steady at $437 over the three months to June, while the median unit rental price fell by just $1 dollar to $452 over the same time […]

Australia’s Top Performing Suburbs Revealed

July 17, 2018

ACT Region Corelogic New South Wales Property and Investment News Queensland Strategy Tasmania Victoria

Despite recent house price weakness, Australia’s property boom – which saw house prices in some areas of Sydney soar almost 90 per cent from 2010 – created windfall gains for some property owners. Property researcher Corelogic has revealed the top growth suburbs over the past ten years in its Top Growth Suburbs Over the Past Decade report. Derrimut, located […]

Extremes of Australia’s property market growth and decline revealed

July 17, 2018

ACT Region New South Wales Property and Investment News Pros & Cons Queensland Strategy Tasmania Victoria

The disparate state of Australia’s property market has been laid bare in a new report, with prices in some markets falling by 7.4%, while others are booming, with price growth of just over than 16% year-on-year. The latest realestate.com.au Property Outlook Report, released today, shows on average prices across Australia have increased by 0.9% in the […]

Melbourne Apartment Market Looking Up

July 16, 2018

Melbourne Region Property and Investment News Strategy Victoria

Melbourne’s apartment market has not been immune to commentary about oversupply, however a new report suggests that current supply is balancing out demand in the inner-city apartment market with median prices growing steadily in the past six months. The report from researchers Secret Agent shows the median price of apartments in the March to May 2018 […]

Busting Australia’s Urban Congestion Woes

July 16, 2018

ACT Region Government Infrastructure New South Wales Property and Investment News Queensland Strategy Tasmania Victoria

It is said that you should invest in the three things you spend the most time using: your bed, your shoes, and your car. The latter has never been more relevant to modern day Australians who are spending more time in vehicles due to unprecedented traffic congestion, a growing issue that demands our nation’s attention. […]

Brisbane, Melbourne rents flat despite oversupply concerns

July 12, 2018

Brisbane Region Melbourne Region New South Wales Property and Investment News Strategy Victoria

Rents in Brisbane and Melbourne have not fallen despite fears of an oversupply of new dwellings, an indication that surplus stock is slowly being absorbed by rising rental demand, new data shows. Domain’s latest Rental Report has Melbourne house and unit rental prices holding steady over the June quarter, while Brisbane rents remained flat. Falling vacancy rates […]

Rents Continue To Climb In The Second Quarter, While The Pace Of Growth Slows

July 10, 2018

New South Wales Property and Investment News Queensland Tasmania Victoria

Rents are rising across Australia but at a slower pace than they were 12 months ago, according to the latest Quarterly Rental Review by CoreLogic. The June 2018 report tracks the median rental price of dwellings across Australian capital cities and regions over the second quarter of the year, and measures the percentage change in […]