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Showing posts from March, 2022

How To Fight The Fear Of Moving House?

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 Hey Everyone! Moving home is stressful and I can understand the stress because I have recently relocated my home to find a good job in Newcastle. The entire experience was quite overwhelming and I encountered fear-inducing situations throughout the process. From not getting enough time to fear of choosing the wrong removalists, and leaving old home and friends behind to moving to an unknown place, all these thoughts frightened me a lot. Fortunately, I discovered an article on my page to help people fight the fear of moving abode without silly mistakes, read the article shared below and enjoy your relocation journey.  https://www.betterremovalistsnewcastle.com.au/how-to-fight-the-fear-of-moving-house/

Hot property: Two more shopping centres sold as east coast demand soars

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 The appetite for retail shopping centre properties on the east coast of Australia shows no sign of dissipating, with the announcement today of two further sales of regional assets in Pottsville, on the north coast of Northern New South Wales and in the northern Gold Coast suburb of Biggera Waters. Pottsville Central Shopping Centre, located at 11-13 Coronation Street in Pottsville on the far north coast of Northern New South Wales was sold for $10.2 million to private investors and the Metro Market Centre, less than 12km from the Gold Coast CBD, was sold for $39.4 million to an undisclosed Melbourne-based private investor. The deals follow hot on the heels of yesterday’s news that managed property investment fund EG acquired a 50 per cent stake in the Grand Plaza shopping centre in the Brisbane suburb of Browns Plains for $215 million. Read More: https://www.businessnewsaustralia.com/articles/two-more-shopping-centres-sold-for-combined--50m-as-demand-for-east-coast-regional-assets...

‘Act urgently now’: Why sky-high house prices are a problem for everyone

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 Fixing housing affordability is an enormous task, but it’s too important not to get right. Another review has laid bare the challenge for first-home hopefuls facing skyrocketing property prices, combined with rising rents and scant interest on their savings. There have been so many reviews that “submitter fatigue” was acknowledged in the latest version, the inquiry into housing affordability and supply in Australia, chaired by Liberal MP for Mackellar Jason Falinski. He represents the Northern Beaches, where house prices shot up 36.9 per cent last year to a median $2.82 million, on Domain figures. Read More: https://www.smh.com.au/property/news/act-urgently-now-why-sky-high-house-prices-are-a-problem-for-everyone-20220323-p5a78b.html

Here's how Australia's housing market was reshaped by the pandemic

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 Australia's housing market has been reshaped dramatically by the pandemic. The decision to close our cities at the start of the pandemic, to cut interest rates to lows never seen before and to pump the economy with stimulus had a huge impact on property prices. It led to a new-found popularity for regional areas, and much stronger preferences for detached housing over units. Government home-buying incentives also changed the composition of buyers, with more first-home buyers entering the market. Read More: https://www.abc.net.au/news/2022-03-24/six-ways-pandemic-reshaped-australias-housing-market-corelogic/100933182

INDUSTRIAL PROPERTY INVESTMENT DEMAND CONTINUES TO GROW IN AUSTRALIA

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 Hello all, When I heard about the pandemic and the lockdown, I felt that the real estate sector was going to get hurt. However, it did not fall like a pack of cards. The resilience of the sector has been promising and the industrial and logistics segment has been performing exceptionally well. From foreign buyers to homegrown investors and business owners, everyone wants to purchase a warehouse because of the lucrative deal. The asset is offering high capital gains and rental income along stability and security. It has become possible because of the rise of e-commerce. The wave of demand will continue to grow in the next few years. Here is an article that will shed some light on this topic.  https://www.commercialproperty2sell.com.au/blog/2022/03/industrial-property-investment-demand-continu.php

Brisbane house prices predicted to bounce back after flood-induced fall

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 Brisbane property values could immediately drop if the market mirrors the experience in 2011, when the city last experienced a major flood event. But agents and property analysts say they are confident any downturn will be short, and followed by a quick recovery. A recent report by property data organisation CoreLogic showed Brisbane's dwelling values took several years to recover after a price drop following the 2011 floods. The report showed that Brisbane's property values fell by 6.1 per cent between January 2011 and January 2012 and did not fully recover until March 2014. Read More: https://www.abc.net.au/news/2022-03-07/qld-south-east-queensland-floods-house-prices/100882770

More families facing homelessness as SA rent prices soar and vacancy rates plummet

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 While most dread the daily grind of house chores, Jenna dreams of placing her hands in sudsy dishwater in her own kitchen and hanging her children's clothes to dry on the line. Their rental lease expired in early January, and now they have nowhere to call home. Instead, Jenna's family have moved around South Australia's Riverland, staying at friends' houses and caravan parks. "I'm not used to sitting on my bum being so lazy – I'm a mother of four," she said. "I usually have housework to attend to, I usually have some sort of school needs to help out with, I miss housework so crazy." Read More: https://www.abc.net.au/news/2022-03-07/more-sa-families-facing-homelessness-with-no-solution-in-sight/100886644

Social housing stock to be boosted by $100 million spend to address 'dire shortage' in Adelaide

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 Welfare group AnglicareSA has announced a $100 million investment to replenish and expand its social housing stock, amid a further decline in affordability across the nation. House and rental prices have reached record levels in Adelaide and other capitals during the COVID-19 pandemic, leaving low-income earners especially vulnerable and first-home buyers facing the prospect of protracted house hunting. AnglicareSA said the investment would take place over 10 years and go towards upgrading and expanding the existing stock of 2,100 social and affordable homes, to address what it described as a "dire shortage". Read More: https://www.abc.net.au/news/2022-03-08/anglicare-invests-in-social-housing-amid-affordability-crisis/100890826