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Showing posts from October, 2022

Australia Luxury Residential Real Estate Market Update 2022

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 Hello all, I have been looking at the luxury real estate market in Australia closely in the past year. I was thinking that the prices will start to fall now but it has not happened yet. In fact, the influx of ex-pats and offshore investors has further increased competition among buyers and the prices are touching the roof. The rising inflation and interest rates have not made any impact on the sector unlike the rest of the housing sector in the country. Billionaires and celebrities are investing in residential properties in Sydney’s suburban areas without any inhibitions. Here is an article that will help you understand this better.  https://www.milliondollarmansions.com.au/blogs/australia-luxury-residential-real-estate-market-update-2022/

Housing affordability crisis continues as strong demand pushes up Adelaide rents

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 When Melissa Allsop felt burnt out as a disability worker during the pandemic, she decided to make a career change. It meant the Adelaide single mother had to find someone to help pay the rent, but having a housemate "didn't go too well". "We ended up with some issues in the house and my family got disrupted because of it," she said. "And we had nowhere to go, there was no option for us to move.  Read More: https://www.abc.net.au/news/2022-10-30/rental-crisis-continues-in-adelaide/101593994

How rural landsharing and co-housing are helping Australians enter the property market and find community

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 When Lexie Gonzalez was growing up in public housing, she believed that she would never own a home.  "It wasn't a value instilled in me that I could own my own house," she says. Her partner Mark Doonan feels the same: "All I've ever done is rent," he says. The couple is talking in the Kempsey region, about an hour north of Port Macquarie, with the sound of birds chirping in the background. Read More: https://www.abc.net.au/news/2022-10-31/rural-landsharing-and-cohousing-australian-property-market/101457812

The Sydney suburbs where house prices have risen and fallen the most

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 House prices in outer Sydney suburbs are holding up the best in the city’s property downturn, new data reveals. Meanwhile, just a handful of suburbs in some premium and inner Sydney pockets recorded house price falls over the year to September as the rest of the city escaped annual price falls. Experts say more suburbs will begin to record annual price declines as the downturn deepens and spreads but the top end of town has been leading the way. Rising interest rates, affordability constraints and inflation were the driving factors of the property downturn, which has Sydney’s house prices falling at their fastest pace in decades. Read More: https://www.smh.com.au/property/news/the-sydney-suburbs-where-house-prices-have-risen-and-fallen-the-most-20221026-p5bt3o.html

Does Moving House Affect Your Car Insurance?

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 I am planning to relocate to Newcastle and looking for information that can help me to relocate smoothly. While exploring various articles, I came across a post that has a very useful article for people who have a car. After reading it, I learned does moving house affects your car insurance. Here, you will learn why you must update your insurance company with your new address in advance and how the relocation makes an impact on your car insurance. I would recommend this article to all car owners who are planning to relocate. It can save you from a lot of hassles in future. Read the article here. https://www.betterremovalistsnewcastle.com.au/does-moving-house-affect-your-car-insurance/

Marquette Properties buys Mirvac tower in Brisbane’s Southbank for $104.4m

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 Boutique real estate investment manager Marquette Properties has splashed out on another major office building in inner Brisbane with a $104.4 million deal for a Southbank tower developed by Mirvac Group (ASX: MGR). Hard on the heels of the $420 million acquisition of the Blue Tower in the CBD’s ‘golden triangle’, bought in partnership with an Lendlease (ASX: LLC) fund earlier this year, Marquette’s off-market deal for 189 Grey Street gives the Brisbane-based fund a foothold in Brisbane’s most tightly held office precinct. Mirvac offloaded the office building as part of the property giant’s $1.3 billion sell-off of non-core assets announced earlier this year. Read More: https://www.businessnewsaustralia.com/articles/marquette-properties-buys-mirvac-tower-in-brisbane-s-southbank-for--104-4m.html

Brisbane City Council releases new Flood Information Online tool

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 The overland water flows responsible for unexpectedly flooding thousands of homes in February this year have been added to a new flood map for Brisbane.  Brisbane City Council's new Flood Information Online tool provides an interactive online flood tool designed to make finding information easier. Brisbane Lord Mayor Adrian Schrinner said about 1,100 ground surveys, 21 hydrology models and 21 hydraulic models were used to generate the new maps. Flood levels were also surveyed at more than 550 locations and gauges inspected at more than 450 locations. Read More: https://www.abc.net.au/news/2022-10-12/brisbane-city-council-releases-new-flood-information-online-tool/101525964

Short-term rental operators ask for national regulation amid housing crisis

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 Short-term rental operators have called for national regulation of their own industry to become part of the solution to Australia's rental crisis. The industry has been blamed for exacerbating the long-term rental housing shortage and the Australian Short Term Accommodation Association (ASTRA) admits it is feeling the "heat". "Absolutely, there is an issue that needs to be addressed," board director Yoav Tourel said. "We need to work together with the government to see how we can help with that. Read More: https://www.abc.net.au/news/2022-10-13/short-term-rental-industry-wants-regulation-housing-crisis/101522864

7 Tips For Finding The Right House When Moving

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 Hello everyone! Are you just a one step behind your dream home? It is always exciting to fulfilling your dream and buying a new home in Brisbane is something very special. However, the journey can be little challenging. You need to know everything about the city, neighbourhood, housing opportunities, median prices, types and much more. If you are facing problems, have a look at the article below on my page and discover 7 tips that will help you buy the right house when moving. You can also hire a professional real estate agent and discover potential places where you can invest money for your home. https://www.betterremovalistsbrisbane.com.au/7-tips-for-finding-the-right-house-when-moving/

Brisbane residents urged to dob in Airbnb short-stay properties as council rolls out rates hike

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 Brisbane residents are being asked to dob in properties they suspect are being used for short-term accommodation such as Airbnb.   The move comes three months after Brisbane City Council introduced a new rates category for short-term accommodation properties, hiking their rates by 50 per cent.  Lord Mayor Adrian Schrinner on Tuesday announced residents would be sent a letter with their next rates bill, asking for information on local properties that were being used for short-term rentals via platforms such as Airbnb, Bookings.com, and Stayz. Read More: https://www.abc.net.au/news/2022-10-04/brisbane-residents-urged-to-dob-in-airbnbs-to-council/101496816

More freedom, less space: These Australians share what living in a tiny house is like

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 The death of Amy's father six years ago spurred her on to make some big life choices. If you had told her she would soon be packing up their four-bedroom rental house and moving into a tiny home with Greg, her husband, and their two small children, Amy would have laughed. "I would have said it's not practical … But I would've been so wrong," she says.  But the death of her father was the starting point. "After a lifetime of working hard, Dad took his life after being unable to find employment. "At the time, we weren't able to help him financially," she says. Read More: https://www.abc.net.au/news/2022-10-04/tiny-house-living-in-australia-where-can-i-put-my-tiny-house/101386642

Neighbourhoods where property owners are most likely to sell at a loss

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 Close to one in five properties in apartment-heavy neighbourhoods such as Ryde and Strathfield in Sydney and the Melbourne CBD and Stonnington are selling at a loss, new figures show. Nervous investors and first home buyers have been turning away from cookie-cutter high-rise towers and choosing boutique unit blocks where possible, mindful of the high-profile cracking Opal Tower and the desire for open space through the pandemic. A wave of new apartment supply in these areas in recent years is leaving some sellers with little choice but to accept less than what they paid. Read More: https://www.smh.com.au/property/news/neighbourhoods-where-property-owners-are-most-likely-to-sell-at-a-loss-20221003-p5bmrj.html