Affordable outer suburbs for family homes, As home prices continue to rise, families are finding it increasingly challenging to purchase properties located close to the city. This trend makes it more difficult for families to secure affordable housing options near urban centers, leading to significant concerns. However, in several outer suburbs, three- and four-bedroom houses remain significantly...
Overseas investors are purchasing large Sydney blocks, Overseas investors are purchasing large blocks in Sydney for significant amounts, often without thorough evaluation of the properties involved. Recently, a suburban apartment tower sold for an impressive $8.8 million, reflecting the increasing demand for such properties. This particular deal involved a block of units located at 128 Parramatta...
Expert warns that the rental crisis will continue for years, Recent research indicates that Australia’s severe rental shortage is expected to persist for the foreseeable future. The national rental vacancy rate currently stands at just 1.3 percent, with 35,425 rental properties in Australia currently unoccupied. a healthy rental market is characterized by a vacancy rate of around 3 percent,...
Tiny homes inspire hope for at-risk teens, A community of one-bedroom pods in Adelaide aims to assist vulnerable young people in their transition to independent living effectively. This $3 million government initiative is designed as a "small village," featuring ten self-contained tiny homes for at-risk teens. Moreover, the community specifically targets teenagers aged 16 to 18 who are...
Top 10 reasons families prefer Adelaide living, Residents of Melbourne and Sydney often engage in lively debates about which city is superior. However, an increasing number of families are finding their answer in Adelaide. This vibrant city in South Australia boasts a population of over one million residents. With diverse opportunities in employment, housing, and entertainment, Adelaide...
Where homeowners are selling properties at a loss, Australian home sellers had a higher likelihood of making a profit in the June quarter compared to three months earlier. However, in areas of high-density development, owners risked selling their properties at a loss. According to CoreLogic’s Pain and Gain Report for the June quarter, 94.5 percent of property resales traded at a profit. This...
Melbourne faces 50,000 apartment shortage affecting rents, The city is currently constructing half the number of new apartments compared to five years ago, and renters are feeling the effects. Between 2016 and 2021, Melbourne experienced an apartment-building boom, with significant construction activity. At the peak of supply around 2016, the Victorian capital was delivering an average of 12,265...
Gold Coast gem attracts repeat buyers, It’s well-known that property sales are booming in popular areas like south-east Queensland. However, on the Gold Coast, many buyers have been impressed by a luxury beachfront development. As a result, they’ve chosen to buy an apartment for themselves and a second one as an investment. So far, eight buyers have acquired two apartments in Jewel Private...
Hobart homes typically sell in 89 days, Not long ago, Hobart was a hot property market, with investors and relocating mainlanders eager to snap up real estate on the Apple Isle. In 2021, house prices surged by 28 per cent, and the average property sold in just 17 days. However, recent data tells a different story. Average days on market in the state capital have ballooned to 89, up from 66 days a...
Victorian house breaks Marrickville record, An 1890s family home in Sydney's inner west has surpassed the suburb record by an impressive $1.1 million. The elegant Italianate house on Livingstone Road in Marrickville sold for $6 million, setting a new benchmark. Previously, an architect-designed cottage renovation set the suburb record at $4.9 million in February. In contrast, the 1894 property...
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