Why Brisbane Median House Prices have Overtaken Melbourne
After increases in the first half of the year, Brisbane is now the second-most valuable capital city in Australia, with house prices higher than those in Melbourne. We take a look at various possible reasons for this. The median house value in Brisbane is currently $966,382, around 6% above the Melbourne median of $912,000 (REIV)….Read More→
Exciting New Developments for Morayfield Families
The Moreton Bay region is one of Australia’s fastest growing local government areas, forecast to grow from 484,400 in 2021 to around 792,700 by 2046, and so there are a growing number of family-friendly facilities and retail developments to meet this need. To make sure that the neighbourhood quality is kept while the neighbourhood grows…Read More→
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…Read More→
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…Read More→