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Gold Coast Property Update – August 2022    

Will South-East Queensland Maintain its Hot Property Status?

With the rumble of recent interest rate rises being felt across Australia and the recent RBA’s additional 0.5% increase, how will regional property markets fare?

Vacancy rates still tight at 1% — until when?

[ad_1] Australia’s vacancy rates held steady in June despite marginal increases in some capital cities, which could be a sign that the market could reach its peak soon. SQM Research’s latest report found that the national vacancy level was at 1.0% in June, maintaining the rate from May. Over the same month last year, the […]

Yields rise as rental gains outpace price growth

[ad_1] Rental yields across all capital cities and property types have grown over the June quarter as rents reach new record highs.   Data from Domain showed that house and unit rental yields posted an overall increase across capital cities, up by 0.9% and 3.0%, respectively.   On an annual basis, house yields declined by […]

Property markets defy usual winter listing jitters

[ad_1] Australia’s property market had the busiest start to the winter in June despite the usual dip recorded from the previous month.   According to PropTrack’s latest report, while new listings in Australia declined by 3.5% over the month, they increased by 8.5% on a yearly basis in June.  PropTrack economist Angus Moore said the latest […]

Rate hikes, inflation dampen home-buying intentions

[ad_1] The recent rate increases and the unprecedented upswing in inflation seem to have already dampened Australians’ appetite for property.  Both CommBank’s Household Spending Intentions (HSI) Home Buying Index and Westpac Melbourne Institute Index of Consumer Sentiment both reported declines over the past month. While CBA’s overall HSI increased marginally over the month, the home […]

Revealed: Perth’s 10 biggest price gainers

[ad_1] Western Australia is the only state where housing affordability has improved over the past two decades.   According to the latest report from the Real Estate Institute of Australia (REIA), homeowners in Western Australia allotted less of their family income in home loan repayments in 2020 at 25.4% than they did at the start […]

Construction costs still rising, likely to surge further

[ad_1] The past three months had been tough for builders and renovators in Australia as construction costs continued the upward trend, striking another record growth over the second quarter of the year. CoreLogic’s Cordell Construction Cost Index (CCCI) showed a 2.4% increase over the June quarter, extending the growth recorded during the first three months […]

New QLD rental laws could trigger ripple effect on market, investors

[ad_1] The new set of rental policies in Queensland that are set to come into effect by October could potentially trigger a ripple effect on property investors and the overall rental market. Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella said property managers are being briefed for the upcoming changes to the rental rules […]

Startup helping private landlords save thousands in property management fees

[ad_1]   Rental Platform RentBetter has inked a deal with building and pest inspection company Rapid Building Inspections to help self-managing property owners book property inspections. RentBetter integrates Rapid Building Inspections in its online platform, allowing property owners to book qualified third-party professionals at an affordable rate to conduct property condition inspections and manage other […]

Rents surge to new record high

[ad_1] The past quarter has been tough for Australian tenants, with rents rising to new record highs as vacant rental properties remain scarce. CoreLogic’s national rent index increased by 0.9% monthly and 2.9% quarterly in June. Dwelling rents are 9.1% higher across capital cities and 10.8% in regional areas compared to the same period last […]