Property Consulting Services

 Hi all, It has been overwhelming to look at the office property segment in Australia as the sector has to go through a lot during the pandemic. Many business owners have renewed their lease contracts and are now offering a flexible workplace to their employees. At the end, they all need to have a physical workplace where they can efficiently collaborate, appreciate each other and work on things that make them inspired. Working from home also has taken a toll on the health and they need new workplaces that allow them to interact openly and access amenities like restaurants and bars quickly. Thus, connected spaces are becoming popular. Here is an article that will help you understand this better.  https://www.commercialproperty2sell.com.au/blog/2022/04/how-the-connected-office-will-shape-the-futur.php

 Brisbane is now the fastest-growing capital city property market in Australia, after house and unit medians skyrocketed 32.1 per cent and 9.3 per cent respectively in just one year. Domain’s House Price Report for the March quarter revealed house prices in the Sunshine State capital rose a remarkable $553 per day to a record $831,346 – the steepest annual upswing in 18 years. Units jumped $37,299 to a record $437,034 median, their sharpest annual rise in 14 years. Domain chief of research and economics Dr Nicola Powell said a unique cocktail of ingredients was behind the surge that, unlike Sydney and Melbourne, was far from fizzling out. Read More: https://www.smh.com.au/property/news/the-australian-city-where-house-prices-are-growing-by-olympic-proportions-20220427-p5aggm.html

 Thousands of Australians who have already given up on buying a home are also facing the prospect of being priced out of the rental market, leading experts have warned.  Specialists within the nation's affordable housing sector say the rental market is "out of control" and in "a total crisis" due to years of both sides of politics focusing primarily on home ownership and neglecting people on lease contracts.  Housing Trust NSW CEO Michele Adair believes that a continued focus on affordable home ownership is continuing to drive down rental supply and push up rents, which will price out many people who have already given up on buying. "Being priced out of the rental market and never being able to own is the reality for hundreds of thousands, if not millions, of Australians," she said.  Read More: https://www.abc.net.au/news/2022-05-02/renters-compete-hunger-games-style-as-number-of-rentals-dwindles/101030774

 Melbourne’s pandemic property boom has come to an end, as new figures show house prices fell for the first time since the June quarter of 2020 amid jitters over rising interest rates. Melbourne house prices fell 0.7 per cent to a median $1.092 million in the March quarter, the latest Domain House Price Report, released on Thursday, shows. Unit prices shed 2.2 per cent to a median of $578,775 over the quarter, their steepest fall since 2017. More homes have been listed for sale, offering greater choice for buyers, while new caps on home lending and the prospect of rising interest rates are limiting how much buyers will pay. Read More: https://www.smh.com.au/property/news/buyers-have-choice-melbourne-house-prices-fall-for-the-first-time-since-2020-20220426-p5ag9p.html