Indooroopilly in Brisbane’s south-west has a little bit of everything. A riverside suburb, Indooroopilly has the largest shopping centre in Brisbane’s western suburbs, it’s home to a number of parks including Witton Barracks Park, and its proximity to the Brisbane River makes for a nature-fuelled lifestyle with all the conveniences of living near the city. The area is well known for excellent schools, which has often drawn families to the suburb. While a sought-after place to live, it’s not often there’s an opportunity to buy brand new. We’ve had a look at the best projects currently on the ma ..read more

Sunshine Coast property prices have reached record levels again, with a dramatic rise since the onset of COVID-19. The region’s median house price reached $1.042 million in March, according to real estate experts PropTrack. That’s a slight increase from a month earlier ($1.04 million) and was a significant leap in quarterly growth (up 2.7 per cent) and yearly growth (8.81 per cent). Houses were worth a staggering 69.48 per cent more than they were in March 2020, a few months into the pandemic. The region’s median unit price ($764,000) was also on the rise. It’s experienced 3.29 per cent quarte ..read more

Home buyers who delay purchasing in the hopes of getting more money to spend thanks to interest rate cuts could face higher prices and more competition. Many potential buyers are wondering if they should buy now, or wait until interest rates fall, when they could likely get cheaper mortgage repayments but would face higher property prices. First home hopefuls may also face paying high rents in the interim. Depending on buyers’ personal circumstances, waiting could mean being able to get more money to spend at auction when compared to projected property price rises, but analysis from comparison ..read more

The office market may have turned the corner with confidence returning and signs of competition for space emerging. According to data from JLL Research, the first quarter of this year recorded positive net absorption of 33,300sq m while the national CBD office market vacancy rate was unchanged at 14.7 per cent. This compares to a negative net absorption of -58,700sq m for the fourth quarter of last year. JLL head of research—Australasia Andrew Ballantyne said organisations had been watching changes in workplace patterns and had more confidence in what their occupational footprint would look li ..read more

Amid interest rates remaining on hold, settling clearance rates and fewer properties coming to market, it is imperative to consider what time is right to sell. Adrian Wilson, principal and founder of Ayre Real Estate, knows it’s never an easy choice to make, proclaiming that “deciding to sell your property is a significant decision that requires careful consideration”. But he does believe that “by evaluating a few key factors, home owners can make informed decisions that align with their financial and personal goals”. To make things easier, Wilson has put forward five factors to help home owne ..read more

There’s very little in the way of comparison when looking at Miami in Florida and Miami on the Gold Coast. As a matter of fact, they’re polar opposites. Miami in Florida has the third highest city skyline in the US, after New York and Chicago, while its Gold Coast namesake is at completely the other end of the spectrum. It flies under the radar in the grand scheme of the Gold Coast, and that’s just how locals like it. Miami is the only beachside Gold Coast suburb with a strict three-level height limit on buildings, which essentially puts a cap on density and how much new development can o ..read more

Australia’s house and unit rents have hit record highs again. A new report has found that apartments have become so expensive in Sydney, Brisbane and Melbourne that they are now only marginally cheaper than renting a house. The Domain Rent Report, released on Thursday, revealed that seven of the eight capitals had record median rents for houses and units for the March quarter. Nationally, house rents have risen by 10.5 per cent over the past year, while units have grown by 12.7 per cent. Sydney remains the most expensive capital city in which to rent a house, with the median asking rent r ..read more

Townsville home prices continue to soar with new data showing fresh price growth in the North Queensland capital. The latest PropTrack Home Price Index found the median dwelling price in Townsville rose 4.13 per cent in the March quarter to $418,000. This was a jump of 13.26 per cent from 12 months ago. The Townsville median home price was up from $412,947 in January and $416,021 in February. PropTrack senior economist and report author, Eleanor Creagh said the Queensland housing market was strong with home prices in both Brisbane and regional Queensland soaring to new heights. The Brisbane me ..read more

The Queensland Government has made a multimillion-dollar commitment to help First Nations peoples into home ownership. Co-designed by First Nations peoples and backed by an initial $61-million investment, the Our Place Action Plan 2024-27 includes a number of pathways to deliver home ownership and establishes a dedicated community housing upgrade program to be delivered in partnership with Aboriginal and Torres Strait Islander Housing Queensland. Opportunities for the First Nations building and construction industry and delivering apprenticeships and training is also part of the plan. The Gove ..read more

Gold Coast house rents have sailed past Sydney’s to a record high $845 per week regardless of an affordability crisis, Australians are still paying a premium to live by the beach. Median weekly asking rents rose $45 (or 5.6 per cent) over the March quarter – which is almost $100 more than the average Sydneysider pays and $225 more than Brisbanites. The figures, released in Domain’s latest Rent Report, showed house rents also reached a record high $750 a week on the Sunshine Coast after a whopping 7.1 per cent quarterly hike ($50). Unit rent medians in both cities also swelled to record highs o ..read more