As Canberra undergoes a development boom, you may find yourself lured by the flurry of brand new homes hitting the market. Buying off-the-plan is a great way to secure a brand new property while taking advantage of some financial incentives but it’s not without risks. Many developments are listed for sale before the development application…
Residential property buyers swooped on larger blocks of land and inner-city homes in top streets at weekend auctions as real estate agents reported more orderly levels of demand. In Turramurra, more than 100 onlookers and 11 registered bidders came to the auction of a four-bedroom home with a pool on 930 square metres. Five of…
Couples are lining up to buy property in Brisbane’s most sought after school catchment zones — and that’s before they have even had a child. So desperate to secure a spot at one of the city’s top performing schools, they are willing to fork out big money for a house to ensure their offspring don’t…
An ambitious plan to create an urban forest and plant 30 per cent more trees by 2040 has the City of Moonee Valley shortlisted for a major new international prize. A panel of judges including entrepreneur Arianna Huffington and architect Daniel Libeskind recently gave the nod to the Melbourne municipality, which takes in Airport West,…
The best time to buy Sydney property to capitalise on price growth was roughly a decade ago, new analysis shows. Those who bought just before the start of the property boom in 2012 have made significant gains, but it was home owners bold enough to strike during the global financial crisis who made the biggest windfall.…
One year was all it took for Sydney man Sam O’Connor to get his foot on the property ladder. The 29-year-old has just snapped up a two-bedroom, one-bathroom apartment with a two-car garage in Bexley, 13km from Sydney’s CBD. The property manager, who earns $83,000 per year, was able to save a 10 per cent…
Unruly Airbnb guests will soon cause more headaches for their hosts, as neighbours gain new legal powers to seek compensation of up to $2000 and bans for problem rentals. But a blindspot in the apartment-focused legislation means free-standing houses are completely unaffected, one of the law’s key architects has warned. From Friday, members of an…
In 2018, Canberra’s detached home market remained flat while apartment prices took a hefty knock. Latest Domain figures show median home prices effectively stalled on $738,933 while apartment prices slumped 6.1 per cent to $412,718 – their steepest drop in 15 years. Domain has predicted a slightly brighter 4 per cent growth in home prices…
CAIRNS’ median house price is about nine times the median local income, putting its first home buyers ahead of most Aussies trying to get a foot onto the property ladder. This figure is lower than the national average of 12 times pre-tax income and lower than the Greater Brisbane average of 11. Corelogic data for…
The latest Canberra median house and unit prices reveal there are differing fortunes across suburbs in the nation’s capital. According to Domain data, Barton, Phillip and the City are the worst performing suburbs in Canberra. Among suburbs with more than 50 sales in 2018, Barton units had the greatest fall, with the median price of…