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New data shows the number of Brisbane homes for rent shrank by 17.8 per cent last year, with fresh analysis finding some areas absorbed as much as 14,000 new residents during the pandemic. The latest PropTrack Rental Report, out Thursday, found the rental crisis worsening as limited supply and strong demand continued to push rental.
From bark huts and sandstone buildings to highly decorative Victorian terraces, palatial oceanfront mansions and soaring residential skyscrapers, Australian homes have evolved to keep pace with the lifestyles, design trends and technology of our growing population. And while building styles remain diverse across the country, architect, TV host and author Joe Snell says recent history.
What a difference 12 months makes, especially in the property market. In 2021, national property prices increased by 22.8% year-on-year, although price growth had started to slow. Inflation was looming but not seen as a pressing concern and most people thought interest rate hikes were some way off. Fast forward to the end of 2022.
It is taking longer and longer for most Australians to get into their first home. So, who are the first-home buyers able to crack the market now? Data from the Australian Bureau of Statistics reveals some interesting facts about modern first-timers that may surprise you. First-time buyers are still young… but getting older Compared with.
A combination of low rental stock and high demand continues to drive prices up across the country and experts say there’s no relief in sight, especially for tenants in capital cities. PropTrack’s latest Rental Report for the September quarter shows rental prices have increased at the fastest quarterly rate on record, surging by 4.3% in the past.
Women are increasingly doing it for themselves when it comes to investing. While research five years ago found that only a third of investors were female. Back then, the average real estate investor was a married, wealthy, middle-aged man with a high income and full-time work; that’s now rapidly changing. “We’re seeing a lot more.
Persistent, record-breaking extreme rain and flooding have made growing backyard food challenging for many Australians. Along with splitting summer fruits, damaging soil and plants, and promoting rot, mould, slugs and other problems, it’s happening at a time when fresh produce is more expensive than ever. With a third La Nina confirmed, gardens in eastern Australia can.
Are you ready to take your outdoor entertaining area to the next level? ‘Tis the season for home entertaining, which means it could be time to do up your outdoor area to meet your needs. From a dazzling dining area to the latest in barbecue technology, we round up some of the exciting must-haves for.
Good bathrooms function, but beautiful ones perform and for the bathroom obsessed and teams on The Block, there is no more important room. “Bathrooms hover between being a sanctuary and a workhorse,” agrees designer Martine Cooper. “Creating one that looks and feels good and operates well is key. It’s also one of the most profitable.
Here are the top things to keep in mind when choosing an apartment versus a house for an investment. It’s the age-old question – is it better to invest in an apartment or in a house? If you are an investor thinking about buying a residential investment property, there will come to a point when.
