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Not everyone, but Census data released this week shows that in the five years to 2021, more people moved to Queensland from regional Australia than any other state or territory. Census data shows more people moved interstate to Queensland than any other state or territory in the five years to 2021. The sunshine state’s net […]
As the sixth largest significant urban area in Australia, the Gold Coast boasts the fastest growing economic output in the country. More than A$25 billion in infrastructure investment will continue to transform the region into a globally competitive city dedicated to business and employment growth for at least the next decade. With the highest employment […]
Changes to the NSW property tax system allow first-time home buyers to choose between paying annual property tax or stamp duty. The NSW Government is now offering first-time home buyers purchasing a property for up to AUD 1.5 million the ability to choose to pay annual property tax instead of stamp duty. The property tax […]
10-year liability insurance is a new insurance product in Australia that allows owners to have serious damage repaired within ten years after an apartment building was first occupied. Important information Ten-year damage insurance (DLI) is being proposed as a type of insurance to cover any potential costs of repairing serious damage to a critical building […]
Interest rates are influenced by the cash rate set by the Reserve Bank of Australia (RBA) on the first Tuesday of every month (except January) for the following month. This action has a profound impact on the entire economy and especially property values nationwide. If there is a change and your lender decides to convert […]
Land prices on the Gold Coast more than tripled in the 12 months to March and rose 19.7% nationally, the fastest annual growth in 18 years, fueled by supply shortages and strong demand. Land values also rose sharply in Sydney, Melbourne and Hobart, where average land prices rose 43.5 per cent, 31.7 per cent and […]
Nearly 2.2 million Australians became millionaires after a surge in asset prices pushed another 390,000 adults to the top rungs of the global wealth ladder, according to a Credit Suisse report, which said Australians are the world’s richest people. The figure could mark a near-term peak for Australia, as falling property prices are poised to […]
The Federal Government has set the start date for a key new support measure for first home buyers living in the regions. Minister for Housing and Homelessness Julie Collins has announced the Region’s First Home Buyer Guarantee will begin on 1 January, but will now start from 1 October. “It means eligible first home buyers […]
Adelaide In some ways, Adelaide’s best suburbs encapsulate what is so special about the South Australian capital, says local agent Karen Dorman from Harris Real Estate. With “great beachfront character and amenities”, Glenelg East has a “wonderful community feel” that is quintessentially Adelaide, Ms Dorman claimed. The “retained” suburb, which has an average house price […]
PERTH Spanning more than 150 kilometers of coastline, Western Australia’s capital is known for its urban sprawl. But one of its most sought-after areas can be explored entirely on foot, says real estate agent Claude Iaconi from Edison Property Residential. “In North Perth, you’re not car dependent,” Mr Iaconi said. “There’s so much to do […]
The Australian real estate market is in a period of unprecedented growth. Combining real estate investments from the US and Australian markets provides the perfect balance between capital growth and high rental yields. There are a number of tax and government incentives to encourage Australian property investment. If you’re looking for a safe place to […]