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Regional housing boom to run two years more


Regional housing boom to run two years more
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House prices in the regional markets have surged twice as fast as their capital city counterparts during the past year, jumping up to 30 per cent in some areas as strong demand for lifestyle and holiday homes overwhelms the scant supply.
Over the 12 months to April, the combined regional housing values have climbed by 13 per cent, while capital city home values rose by 6.4 per cent, CoreLogic data shows.
Strong demand has lifted Byron Bay’s median price to $1.4 million, higher than the greater Sydney median of $1.14 million. 
“This can partly be explained by the new popularity of remote and flexible working arrangements, but also the increased demand for lifestyle-oriented properties and holiday homes,” he said. ....

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Mistakes to avoid when buying a home


 
High-rise apartment towers can be plagued by high vacancy rates, which may affect their resale value. Picture: Jay Town
NEW BUILDS
When buying a new build, it d be nice to assume the tradie had covered all bases during construction, Builders Collective national president Phil Dwyer said.
But putting blind faith in the builder was fraught with risk and could lead to costly headaches, he said.
A building inspector was needed to go through the structure with a fine-tooth comb. He also recommended people do a background check on the builder by getting references from friends and family or even contacting some of their previous clients. ....

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Property market update: Brisbane, January 2021


Property market update: Brisbane, January 2021
By Zarah Mae Torrazo
17 February 2021
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1 minute read
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Brisbane’s property market remained resilient over the last year despite the economic impact of COVID-19. But will the Sunshine State’s capital continue to dazzle investors in 2021?
p span style font-weight: 400; According to data, Queensland appears to have outstripped the other states in 2020. /span /p
p span style font-weight: 400; The span class b-autolinkshadowbox Sunshine span class b-autolinkshadowbox links a href https://www.smartpropertyinvestment.com.au/data/nsw/2264/sunshine Sunshine, NSW /a a href https://www.smartpropertyinvestment.com.au/data/vic/3020/sunshine Sunshine, VIC /a /span /span State recoded solid demand for detached houses, with buyer attraction towards lifestyle areas seen to deliver 6-10 per cent capital growth in 2021 across South-East Queensland. /span /p ....

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