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which are the best outer northern Brisbane suburbs to buy
New Home Buyers

Which are the Best Outer Northern Brisbane Suburbs to Buy in this Market?

Despite the economy slowing, the home values in Queensland rose in the first half of this year, with the median Moreton Bay house now at $749,000. While this is good news for homeowners, with their home assets increasing 7 to 12% over the year, any rises hit hard to first home buyers. It also makes it harder to get approved for a new loan.  In the usually laid-back and affordable Queensland, we are now into the million-dollar territory in Brisbane ($1.16m), Gold Coast ($1.1m), Sunshine Coast ($1.02m), etc. Despite this,

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First Home buyer Transfer Duty News
New Home Buyers

More Good News on Affordability for First Home Buyers

The Queensland Government has recently implemented the Help to Buy scheme, the first of all the States, which will make it easier for up to 40,000 low and middle income families around Australia to buy a home.  Previously we wrote about all the First Home Buyer concessions and grants. While there wasn’t a vast array of houses that qualified for the previous stamp duty concession, the recent change has opened things up. The threshold for the first homeowner concession on transfer duty has just been lifted for homes valued from

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Rental Law Reforms 2024
Property Owner News

Rental Law Reforms – Staying Up-to-date

There has been great pressure on new renters in Moreton Bay, including ultra-low vacancy rates here. To help with fairness and affordability state-wide, the Queensland Government passed an Amendment Bill 2024 for Residential Tenancies and Rooming Accommodation and Other Legislation Amendment Bill 2024. This Bill introduces the Stage 2 rental law reforms and continuing professional development (CPD) for property agents in Queensland. The first part of the legislative changes came into effect quickly on 6 June 2024, putting the burden onto property managers everywhere to update their systems and advise

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long term approach to housing crisis
Investor Insights

Long-Term Approach amid a Housing Crisis

Hearing the latest whispers (or rather, shouts) by Mark Bouris on the gloomy affordability of housing, you’d be forgiven for thinking that developers have all but stopped and builders have downed tools. That is not the real scenario, however there is a shortage of construction staff, which is mainly affecting city apartment construction, and rising material prices – leading to many developers sitting on land rather than building. These factors have a marked effect when Queensland is under pressure to supply enough houses to those moving, plus all the people

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why low rental vacancies have upside
Investor Insights

Why Low Rental Vacancies Have an Upside 

Extremely low rental vacancy rates – now 0.7% in Moreton Bay and 0.9% in Caboolture – are one sign of a very tight rental market. To put this into perspective, the REIQ divides rental markets into three categories (tight, healthy, weak). These markets are broken down into vacancy rates: 0 – 2.5% = tight 2.6 – 3.5% = healthy 3.6% – plus = weak For those seeking house rentals at the affordable end, there is too much demand in a very tight market. This means some tenants are not getting

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photography to sell home
Selling Your Property

A Fresh Perspective on Photography to Sell Your Home

While some might recall the difficulties of photographing your own home before selling, these days it’s all about clear and attractive photos to put the best elements of your property on display on all the portals. Let’s reflect on the journey and current state of real estate photography. As a real estate agency around since the 1970s, a few of our Current Real Estate agents remember property owners’ reticence to get professional photos. Out they’d come with their cheap film camera, not aware that their dark, lopsided photos were not

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green spaces in Caboolture developments
New Home Buyers

New Green Spaces in the Developments of Caboolture & Morayfield

Natural green space and parks are always desired by residents and newcomers alike in suburban estates.  Mayor Peter Flannery said last year that the area of Waraba will see “52.7 hectares of open and green space be transferred back to public ownership, which includes 32.3 hectares of conservation area, 17.5 hectares of district linear parkland and the provision of seven new local recreation parks.” So there will be plenty of both natural parkland and recreation parks in Caboolture West.  Morayfield Landing Current Real Estate Principal, James Brown, is a Director

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Home buyers grant qld new home sold
New Home Buyers

First Home Buyers Grant in Queensland and Concessions

There are now a number of ways to better afford a home loan. Queensland Government offers a $30,000 first home grant to first home buyers who are building or buying a new home with a value less than $750,000. This must be new, so it could be an off-the-plan, a substantially renovated home (e.g. a transported & renovated house), a new house, or an owner-build contract. This grant could be a substantial help. This applies to transactions entered into from 20 November 2023 until 30 June 2025. The grant will

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