property prices holding firm

According to the latest figures from the Real Estate Institute of Queensland, Southeast Queensland house prices held their ground in the June quarter.

Australian Housing shows strength.

Australian Housing shows strength.

The latest Credit Suisse Global Yearbook says that since the 1950s, Australian housing has been stronger than nations such as Britain, the US and France.

Some Australian Weekly rents have risen 45% in the past 12 months

We all know that the vacancy rate remains tight, but few realise just how tight it has become.

Confidence returning on the Gold Coast

The Gold Coast’s successful bid to host the 2018 Commonwealth Games has boosted confidence and  drastically improved sentiment in the December quarter of 2011.

A soft homebuyer market has  increased pressure on the rental market, resulting in higher rents across the entire country

Median weekly asking rents for houses increased by 1.1 per cent in the December quarter

Brisbane and Perth  had healthy jumps, increasing by 2.7 per cent and 2.6 per cent respectively,

Increasing competition for properties, particularly from homebuyers unable or unwilling to enter the property market has resulted in rising rental prices

Landlords have capitalised on the high competition in the marketplace and are charging a premium for their properties.

Qantas meets rising demand in fly-in, fly-out market

The contraction in the hospitality and construction industries caused by the GFC, has been more than offset by the Commodities boom, but this has lured workers to move to the mining towns in search of employment opportunities. Unfortunately, amenities like schools and shops in the mining areas are still undeveloped and families still prefer to live in the established cities