Asian century drives Darwin property market

Darwin is oozing property potential, which will be tapped as the “gateway” to Asia evolves. The Northern Territory capital has one of the tightest housing markets in the country. Australian Property Monitors reported vacancy rates were 0.5 per cent last quarter, which is good news for investors, who enjoy yields around 6 per cent. The […]

RP Data identifies Australia’s Top 25 Richest Suburbs

In the weekly RP Data Property Pulse out yesterday, research director Tim Lawless revisits one of the all-time favourite property-related topics – Australia’s Property Rich List. Using median values analysis for houses rather than median prices, Mr Lawless identifies where the most expensive locations are in Australia for home ownership. In compiling the data, he has […]

Fillip for rising home prices

House prices, already rising at their fastest rate in more than two years, could gather more pace thanks to the Reserve Bank of Australia’s cut in interest rates. Capital city dwelling values rose by 2 per cent in the three months to September, according to RP Data-Rismark, in a sign the central bank’s easing of […]

No suburbs with house prices under $420,000 within 20 kilometres of Sydney, Canberra and Darwin: RP Data

Buying a house in the cheapest suburb within 20 kilometres of the CBD will still cost at least $420,000 in Sydney, Darwin and Canberra, according to an RP Data report. Granville, south of Parramatta, is the cheapest suburb within 20 kilometres of Sydney’s CBD, with a median house price of $445,424. In Canberra, the cheapest […]

Property investors will thrive in areas benefiting from LNG boom

One reason the simplistic “mining boom is over” rhetoric is causing so much concern is that many people don’t understand what’s driving the resources sector. Essentially all that’s happened is that prices for iron ore and coal have fallen off their peak. In the overall context of the resources revolution, which will extend beyond my […]

WA and Queensland housing markets to get demographic boost, but four years of cloudy skies for Victoria: BIS Shrapnel

Immigration trends, vacancy rates, housing undersupply and employment prospects all favour Queensland and Western Australia to lead the next phase of housing market growth over the next two to three years, according to BIS Shrapnel. But the stars are not lining up in Victoria, with BIS Shrapnel’s team of forecasters and economists tipping up to […]

Online residential listings rise 1.5% in August to 373,510, led by Melbourne, Sydney and Canberra

Vendors appear hopeful of better fortunes this spring selling season with the total number of residential properties listed for sale online rising 1.5% over August to reach 373,510, according to figures from SQM Research. This contrasts starkly with the same time last year, when listings fell 3.8% from 377,213 in July 2011 to 362,740 in […]

August puts a stop to national dwelling value growth: RP Data-Rismark

Dwelling values across Australia were unchanged in August, after values recovered slightly in June and July following the RBA’s back-to-back rate cuts. “During the seasonally slower month of August, value growth flat-lined,” RP Data research director Tim Lawless says. While Adelaide was the strongest performer during August, it was not among the seven of Australia’s eight capital cities registering capital gains […]

Mixed results as property took longer to sell in July than in June in all state capitals: APM

The average number of days property is lingering on the market increased in all state capital cities in July, according to APM. The increase was most dramatic in Hobart, where properties took an average of 185 days to sell in July, compared with 146 in June. Darwin in the Northern Territory was the only city […]

Queensland and NSW dominate the RP Data suburb locations where it is cheaper to buy than rent

There are between 238 and 1,759 suburbs across Australia where it’s potentially cheaper to buy than rent, according to RP Data research. Queensland and NSW dominate the comprehensive list, as do regions over capital city suburbs. It’s the outcome of home values being 5.9% lower than their previous highs and rental rates having continued to […]

Melbourne and Sydney lead 4.9% monthly drop in online residential listings suggesting market may be entering “recovery mode”: SQM Research

An almost 5% drop in residential properties listed for sale online over July, led by big monthly falls in Melbourne and Sydney, may indicate the housing market may be close to entering “recovery mode”, according to SQM Research. SQM Research calculated that online residential listings fell by 4.9% in July led by falls in Melbourne […]

Investor’s must-know guide to Australia’s top 50 rental suburbs

Brisbane’s Fortitude Valley has topped the list of suburbs with the highest proportion of rentals, with 70% of dwellings occupied by renters. It narrowly pipped Canberra’s City at 69.7% and Perth’s Northbridge at 69.3%. The other 30% of Fortitude Valley is made up of 20.6% owned with a mortgage, 6.7% owned outright, 2.3% not stated […]

Queensland and Tasmania the most extreme buyers’ market, with conditions balanced in Victoria and the ACT: CBA-RP Data

Buyers still hold the balance of power when it comes to buying homes according to the May quarter update to the Commonwealth Bank-RP Data Home Buyer’s Index (HBI) with Sydney still rated as a buyers market while Melbourne is rated as balanced. While conditions favour buyers, the latest index shows a modest improvement over the […]

Property investors guide to the suburbs dominated by tenants – highlighting private and government landlords

By Tim Lawless Friday, 20 July 2012 The proportion of dwellings that are rented has remained fairly consistent across Australia over the past decade, based on figures from the 2011 census. Rented dwellings comprised 27.6% of all occupied homes back in 2001; 10 years later the proportion had risen by only slightly more than one […]