Breaking Property News

Residents of Kensington Banks are facing significant financial challenges as their properties experience a decline in value and insurance costs soar. This predicament stems from the state government’s decision to reclassify homes in the area as flood-prone, triggering a series of consequences for homeowners.

The Gold Coast City Council has made waves with its recent announcement of a staggering 2621% rate increase for short-term accommodation owners on the Glitter Strip. This bold move aims to address the issue of property owners profiting from short-term rentals while skirting their fair share of rates. Mayor Tom Tate has called on residents to assist in the crackdown by reporting any unregistered short-term accommodation properties being used commercially.

Finding an apartment in a competitive market can be stressful, but understanding your rights as a tenant can help you avoid pitfalls. Lease agreements are your roadmap to a smooth living experience, so familiarizing yourself with the essentials is crucial. While core lease terms are generally standardized by law, some landlords might add unusual provisions. Be wary of anything that seems unfair or goes beyond the standard contract.

Australia’s housing market is currently experiencing an undersupply, driving up demand across the nation. Several key certainties shape the landscape of the housing market, including persistent inflation, anticipated interest rate adjustments, rising rents, favorable demographics, and continued strong migration.

The Northern Rivers region in New South Wales has experienced a dramatic surge in property prices over the past five years, fueled by robust population growth. Major centers like Tweed Heads, Ballina, and Grafton have witnessed significant increases in property values since mid-2019, with median prices nearly doubling in some areas.

Brisbane has emerged as Australia’s second most expensive property market, overtaking Melbourne and trailing only behind Sydney. Despite signs of a slowdown, the housing market in Brisbane continues to witness strong price growth, fueled by robust buyer activity and low inventory levels.

In a groundbreaking move, South Australia has become the first state to entirely abolish stamp duty for first home buyers as part of its latest State Budget. This bold initiative is aimed at supporting aspiring homeowners, particularly in affordable northern Adelaide suburbs.

Contrary to expectations, Australian property prices continue to climb, driven by strong growth in mid-sized capitals such as Adelaide, Brisbane, and Perth. Despite predictions of interest rate hikes cooling the market, these cities are experiencing significant price increases.

Contrary to expectations, Australian property prices continue to climb, driven by strong growth in mid-sized capitals such as Adelaide, Brisbane, and Perth. Despite predictions of interest rate hikes cooling the market, these cities are experiencing significant price increases.

Contrary to expectations, Australian property prices continue to climb, driven by strong growth in mid-sized capitals such as Adelaide, Brisbane, and Perth. Despite predictions of interest rate hikes cooling the market, these cities are experiencing significant price increases.