Median house prices grew significantly over the June quarter, a new report has found. According to Mortgage Choice’s Real Estate Market Facts report, the median house price climbed 3.2 per cent to $533,243 last quarter. Mortgage Choice Senior corporate affairs manager Kristy Sheppard said the auction market had performed well, especially when compared with the [...]

For cashed-up buyers, the premium housing market could be poised to deliver excellent returns, RP Data national research director Tim Lawless says. Australia’s premium housing markets have had a wild ride over the past three years, Lawless says. While values in the million-dollar-plus sector of the residential market are up, sales volumes remain low, he [...]

Australia’s population is growing 2.4% annually according to the latest figures from the Australian Bureau of Statistics (ABS). That is 523,186 new residents per year. The average household size of Australia is currently 2.6 people, which equates to 201,225 new homes that need to be built per year. During 2009, only 137,698 dwellings were commenced [...]

More than two thirds of Australians are keen to re-invest in the property market. According to a new poll by PRDnationwide, 61 per cent of Australians would access equity in their property to fund another investment, while 23 per cent said they would use equity to complete renovations. PRDnationwide research director Aaron Maskrey said investors [...]

New property acquired off the plan (before construction commences or during the construction period) or after construction has been completed are normally approved where the property: has not previously been sold (that is, they are purchased from the developer); and has not been occupied for more than 12 months. There are no restrictions on the number [...]

Property analysts have tipped the heart of Queensland’s glitter strip to be among the top performing suburbs in the property market this year. The latest quarterly report by Colliers International highlighted Surfers Paradise, Southport and Labrador as hot spots in 2010, with house and unit prices set to soar between seven and 10 per cent. [...]

MARINA Mirage is for sale and Asia’s more affluent countries could be in the chase for the Gold Coast property. The colourful shopping centre, frequented by the rich and famous, will go to the market this week in an international expressions of interest campaign, leaving off any announcement of a price tag as yet. The [...]

After putting last year’s property review on hold, the Department of Environment and Resource Management will be proceeding with a city-wide valuation check for the Gold Coast – the very first since 2006. Even with the turbulent market of the past eighteen months, new valuations are expected to push the average land value in some [...]

June 17th, 2009 Private developers have proposed a $63 million sports and entertainment centre directly opposite Carrara Stadium. Brisbane-based Bramley Properties has proposed a complex of almost 35,000sqm on a 21ha site which will comprise a Southport Sharks-style sports club, shops, restaurants, offices and a Ferry Road-style boutique food and produce market. The proposal designed [...]

Queensland’s residential property market has shown its staying power over the June quarter with increasing sales and median house price growth in many areas. After an uncertain year, the latest Real Estate Institute of Queensland (REIQ) median sales data shows a return to form for the State’s property market. “We are cautiously optimistic that the [...]