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Are the Olympics the break Brisbane’s property market has been waiting for? By Maja Garaca Djurdjevic 22 July 2021 | 1 minute read SHARE The Olympics are officially headed for Brisbane, and although some 11 years away, the 2032 Olympic Games are expected to yield a positive influence on the city’s housing market conditions. But to what extent?  Hosting the 2032 Olympics and Paralympics has been described as a “game changer” for Queensland, with certain political figureheads forecasting 20 years of accelerated opportunity for the state. But could the 2032 Olympics Games be the b...

Share Rich owners are raking in millions of dollars in gains by reselling luxury homes as little as seven months after buying them to take advantage of rapid price rises at the upper end of the market. While real estate held over the long term typically delivers bigger returns, the surge in house prices in recent months has made flipping them more quickly enormously profitable. In Sydney, the vendor of 3/85 Raglan Street in Mosman grossed $1.5 million in selling the property for $6 million after buying it for $4.5 million in July last year. The vendor pocketed $1.15 million gross profit in ju...

Sydney’s COVID-19 outbreak is expected to dampen auction activity with experts saying properties will be withdrawn from sale until the threat passes. REA Group’s Cameron Kusher told Sky News Australia that there would be an “increasing number of auctions cancelled or withdrawn or postponed”. “This is really what we saw in Melbourne when there was a COVID scare a few weeks back,” he said. “But they will come back for auction over the coming weeks.” Auction activity in Sydney is still at elevated levels, however. “If we have a look at a comparison to the same weekend in 2019, ...

Hilltop Mansion in Australia’s White-Hot Byron Bay Hits the Market Buyers have mere days to offer an “expression of interest” on the dramatic property, which is expected to sell for A$10 million By Liz Lucking  |  Save This three-property compound is on the market in Australia's Byron Bay. Real Estate of Distinction, Byron Bay This three-property compound is on the market in Australia's Byron Bay. Real Estate of Distinction, Byron Bay Friday is the deadline for wealthy buyers to make an offer on a multi-million dollar compound in Australia's c...

In Broken Hill, in the far west, paying down a house cost about $96 per week. The analysis examined median prices across the state and compared them to what mortgage repayments would cost at current loan rates. Albury Railway Station in Albury – one of the NSW’s cheapest major towns. Picture: Tourism NSW The average loan rate is 3.5 per cent, according to the Australian Bureau of Statistics, but some loan products offer rates as low as 1.88 per cent. Rates have never been this low. Home ownership costs were by the far the highest in Sydney, with mortgage repayments well above $1000 ...