PROPERTY NEWS

PROPERTY INSIGHTS

High-speed rail plan back on the table as southeast Queensland considers Olympic bid

FTER years of empty promises, a plan to connect some of Australia’s busiest regions with high-speed rail is on the table again and this time the multi-billion dollar plan is gathering momentum. Victoria, Queensland and NSW have all expressed their desire to get fast rail in their states for years but it’s a new proposal […]

Record Annual Infrastructure Building

Record annual infrastructure building Engineering construction work done Engineering: Engineering construction work done rose by 2.2 per cent in the June quarter, down by 5.2 per cent from a year ago. A month ago, it was estimated that engineering construction was up by 0.4 per cent in the quarter, but down 7.2 per cent over […]

NSW Maintained top rankings in dwelling starts and retail spending.

Victoria has again beaten NSW to remain Australia’s best economic performer as Tasmania’s star continues to rise, a new economic snapshot reveals. CommSec’s latest State of the States economic report, released today, shows strong construction activity and the lowest unemployment rate in a decade have helped Victoria retain the top spot over NSW for a […]

Nine ways for millennials to boost their chances of owning a home and retiring comfortably

While they have been connected to the world through the handheld screens they’ve been tapping away on, seemingly since birth, there appears to be a big disconnection between their future wealth and the security enjoyed by their parents and grandparents. There’s a nagging feeling the easy money has been made by preceding generations in property […]

Queensland the most popular state for Australians seeking a change

Queensland has become the destination of choice for Australians looking for a tree change, beating Victoria for the first time in four years. Data from the Australian Bureau of Statistics shows a net total 24,000 Australians decided to make the Sunshine State their new home in the year ending March 31. That was 9000 more […]

Population boom: QLD the nation’s new interstate migration capital

QUEENSLAND has overtaken Victoria to become the nation’s interstate migration capital, with new-found economic optimism and a resilient housing market luring an influx of southerners north. The latest population figures released by the Australian Bureau of Statistics reveal the sunshine state was the most popular destination for people moving from other states in the 12 […]

Brisbane, Perth, Canberra to lead property price rises as Sydney slows

In the next three years, house prices in Brisbane, Perth and Canberra are expected to surge by the most — while the Sydney market slows to a crawl. Key points: Sydney is tipped to be the slowest property market in the next three years (+3pc) Melbourne prices are expected to increase (+6pc) due to strong […]

Rental vacancies in Sydney hit highest rate in more than 13 years

The Sydney rental market has recorded its highest vacancy rate in more than a decade, with almost 20,000 rental properties estimated to be sitting empty. The city’s residential vacancy rate rose to 2.8 per cent in June, its highest rate in at least 13 years according to the latest data from property analysis firm SQM […]

Brisbane’s property market leading the nation

BRISBANE is leading the nation in all four property performance indicators for the first time in more than a decade — defying the downturn gripping the other mainland capital cities. New figures show Brisbane is the only capital city to record an increase in home values over the past week, month, year-to-date and 12 months. […]

Migration helps balance our ageing population

Australia’s population is set to reach 25 million in the coming weeks. This is much earlier than expected. Eighteen years ago, projections estimated Australia’s population wouldn’t get to 25 million until 2041. Western Australian Liberal Senator Dean Smith last week proposed a moratorium on immigration to give Australia some time to “breathe” and take stock. […]