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Queensland is set to experience a “once in a generation” infrastructure boom in the lead-up to the 2032 Olympics. According to Dr. Nicola Powell, author of Domain’s Queensland Spotlight Report as a result, infrastructure across Gold Coast, Brisbane, and Sunshine Coast will vastly improve and there will be a clear roadmap and timeline for the housing infrastructure to be implemented over the next decade. This will also provide assurance to buyers and business owners that propo
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The average new mortgage in Australia has blown out by more than $80,000 during the past year. New home loans fell by 4.3 per cent in August, the largest drop since the pandemic-induced lockdowns of 2020, according to the Australian Bureau of Statistics, caused by lockdowns in New South Wales and Victoria. But in spite of the dip, the total value of owner-occupier and investor housing loans—now standing at $30.8 billion—is still up a massive 47.4 per cent compared to 12 month
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CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period. Nationally, the number of dwellings sold over the past year was 31% above the decade average and 24% higher than the 20-year average. Across the states, annual home sales are substantially higher than a year ago, with every state and t
6 Reasons why we’re optimistic about Australia’s economic recovery There will be a lot written in our history books about the Coronavirus pandemic, how the world changed, how we live, and the economic fallout that resulted from it.
Last year there were a lot of letters being tossed out about the shape of the economic recovery from the short sharp recession Australia experienced: U, V, W, etc. Well, the recession we had last year was not a normal recession. Government lockdown
Credit standards remain prudent, but higher household debt levels or a further rise in high-debt-to-income ratio lending could be a trigger for tighter credit conditions down the track. The focus on housing credit policies is becoming more intense as property values continue to rise and mortgage debt levels increase faster than their long-term averages. It’s rare for the RBA to make a statement these days without including a phrase about the importance of maintaining lending
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Since 2005, over 2,200 families have chosen GM Homes to build their investment properties to help answer their retirement requirements. We understand every aspect of the property and investment industries providing dedicated, high performing property management and sales departments, finance and investment specialists and in house conveyancing. This level of expertise and knowledge is why our clients achieve the best results for achieving their financial goals. Contact us tod
Sunshine Coast residential property rent rises were the fifth highest in Australia over the last financial year, according to new analysis by CoreLogic. The data reveals the coast’s median rent value grew by 17.8% to $621 i n the year to June, only behind rent rises in South-East Tasmania, Darwin, Mandurah and Richmond-Tweed. The next highest rent rise in the state occurred in Central Queensland, where the median rent rose 15.4% to $407. This was followed in Queensland by the
Being in the midst of another lockdown in South East Queensland, it's sure to set many into some more challenging times. Making financial decisions during COVID19 lockdown and restrictions is without a doubt an overwhelming ordeal. Our team can help you during these times, providing you expertise in the areas of Property Investment, Mortgage Finance, Wealth Creation, high preforming property Management, all along with our in house conveyancing team. #gmhomes Proactive, Effici
Westpac has revised its outlook for dwelling values for the balance of this property cycle.
Back in February Westpac was one of the first of the banks to do an about-face and at that time boldly predicted a 20% increase in values over 2021 and 2022. Since then all the other major banks have fallen in line with some economists suggesting property values could increase up to 30% over this cycle. Westpac now says a stronger than expected surge over the first half of 2021 is now
Construction is now underway on the Ferny Grove Central project, a $140 million development set to shake up the eponymous Brisbane suburb. With the ribbon set to be cut in late 2023, the self-styled Transport Oriented Developed (TOD) will see a mixed-use development adjoining the Ferny Grove Railway Station. The site will combine apartment living, an entertainment precinct, a 12,000-square-metre retail centre and a 1,400-spot multi-level parking facility for commuters. Honeyc
The Olympics should work as a positive influence on Brisbane housing market conditions, however, with the Games still some eleven years away, the flow on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency. The most significant positive influence on the housing market is likely to be seen in the years leading up to the Olympics, rather than du
Australia’s property prices have increased much higher than what the market would have seen if the Covid-19 pandemic didn’t exist.
House prices in most capital cities were expected to enter a cyclical upswing at the start of 2020, a new KPMG Economics report shows, but the global pandemic has supercharged that growth far beyond what was expected.
Government policy responses and property market support, such as lowered cash rates and the HomeBuilder program, to help alleviat
One of the key advantages to buying in Brisbane, compared with Sydney and Melbourne, is affordability. It wasn’t that long ago that a house, 10 kilometres from the CBD, could still be found for $450,000. Compare that with Sydney, where median prices on the cusp of the middle ring, just 10 kilometres out from the CBD, hit seven figures a few years ago. Brisbane’s value is evident and has been luring young buyers from southern markets who want more land and more house — more ba