PROPERTY NEWS

PROPERTY INSIGHTS

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. […]

Migration points to QLD house price rebound

Queensland is in a historical sweet spot for home price growth with an analysis of interstate migration showing that the gap in home price between Sydney and Brisbane could soon start narrowing. In 2002, the median Brisbane home price equated to just 41 per cent of a Sydney home – a historical low. But interstate migration to Queensland started to surge, […]

The $8b exodus: Sydney home owners are selling up and Queensland is the big winner

Sydneysiders are cashing out of their million-dollar homes in favour of cheaper houses in the tropical north, says Macquarie Bank. The emerging exodus is part of Australia’s latest wave of interstate migration to Queensland, where house prices are half Sydney’s and job creation is on the rise. When similar factors were at play in the […]

John McGrath says Brisbane should be on investors’ radars

Real estate agent John McGrath says Brisbane and, more broadly, south-east Queensland offer investors the best short and medium-term opportunities for capital growth rather than the more expensive Sydney and Melbourne markets. “When you factor in the key drivers for future growth – liveability, affordability, scale and future economic prospects, they all suggest that Brisbane […]

Brisbane house prices have hit a record high

BRISBANE’S house prices have hit a record high with new figures revealing the median had now hit $670,000. While the property market continued to cool in southern states, new figures released by the Real Estate Institute of Queensland showed the median house price within the Brisbane local government area was 3.1 per cent higher in […]

Queensland population reaches five million – four years early

Queensland’s population has tipped the five million mark – four years ahead of schedule. Premier Annastacia Palaszczuk told parliament this morning that the state had passed the “magic milestone” overnight. “Great news for Queensland, we are now five million strong,” she said. The state reached four million people 13 years ago and wasn’t predicted to […]

Sydney Unaffordable to First Home Buyers

A typical Sydney first homebuyer can afford just one in every 10 properties in the city and must move an average of 31 kilometres from the central business district to buy a 1 bedroom flat and 56 kilometres from the CBD to buy a detached home, a Reserve Bank study has found. A new housing […]

South East Queensland dubbed ‘Golden Triangle’

Veteran Australian Real Estate Agent John McGrath, has just dubbed South-East Queensland Australia’s Golden Triangle. “Its affordability I believe will continue to attract record levels of interstate migration,” he told The Sunday Mail ahead of today’s start of the two-day premier real estate conference AREC. “I believe the area from the Gold Coast to Toowoomba […]

Queensland’s New $5 Billion Investment

Ipswich (located 25km of the Brisbane CBD) has just been supercharged with a $5 billion investment after the state recently won the contract to build the state-of-the-art fleet of super-tanks for the Australian Defence Force. The mega-contract to build 211 Boxer CRV tanks in Ipswich beat Victoria’s bid after a campaign lasting 8 months. Team […]

How to Ensure Maximum Depreciation on Your Investment Property

Given the changes of the Tax Legislation after 2017’s budget announcement, to claim a full depreciation on the build, fixtures and fittings of an investment property, an investor must either build a new house or install their own fixtures and fittings in order to claim depreciation on them. Second-hand properties don’t allow the flexibility of […]