More land in Perth’s CBD could go on the market as part of a new direction by the City of Perth.
CBD
A respected property research company is tipping the number of units completed across Victoria will plunge.
Victoria’s property industry is pushing for a revival of the landmark Postcode 3000 campaign of the 1990s, credited with transforming Melbourne’s CBD.
The latest results from the ANZ/Property Council Survey reveal surging confidence levels in Queensland’s property sector.
Just 35% of Melbourne CBD offices were occupied in March, the Property Council of Australia (PCA) says.
The uptake of CBD office space could fall by 15 per cent in 2021 as more city workers include remote working in their routines.
Office owners face the grim prospect of seeing their glittering properties lying underused.
A swath of properties across the healthcare, office, hotel and service station sectors are being offered and snapped up.
The Melbourne CBD will experience "long-lasting effects" from multiple lockdowns, including on the property market.
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The start of a new financial year serves as a good reminder for ensuring an investment property portfolio and strategy is performing to its full potential.
The Perth property market’s strong rebound over the past year is showing signs of tempering, with its July growth rate by far the slowest among the nation’s capitals.
Extended lockdowns have shifted the Reserve Bank of Australia into spectator mode, with an expected economic contraction giving it no scope to hike the official cash rate from its current record low.
Brisbane’s snap lockdown is giving agents, investors and prospective homebuyers time to take a breath, but pent-up demand is likely to drive a fast market rebound once the city is reopened.
Declining affordability is starting to slow the nation’s house price growth, but a mismatch between supply and demand will ensure price gains will continue to be recorded across most markets.
The gap between house prices and apartment values has widened to a chasm, with detached dwellings appreciating more than twice as fast as multi-residential over the course of the pandemic.
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