Sydneysiders have fled to the South Coast since the advent of working from home, but the resultant property boom has been as chaotic as is has been lucrative.
REGIONAL
There’s one place that people are leaving in droves and the ripple effect could see a huge change in how Aussies invest in and buy property.
The pandemic has brought on a property boom for surf towns as cashed-up city dwellers make a sea change.
Australia's home value index is up 3 per cent on the previous year as buyers choose low-density houses in the country over high-density apartments in cities.
Property in Australia’s capital cities rose an average of 3 per cent in 2020, while regional markets climbed 6.9 per cent higher.
CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient.
The latest Bundaberg market report from the UDIA shows rising demand for coastal properties and the median land price up 1.7 per cent in 12 months.
Rising property prices in regional towns presents a double-edged sword.
Port Hedland residents claim they are being pushed out at bottom dollar to turn the historic heart of the town into a buffer zone for wider mining activity.
Australian Property Investor Magazine
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Homebuyers are prioritising lot size over near-city locations and the size of new houses is growing at its fastest rate in more than a decade, with the COVID-inspired shift of buying preferences expected to be a lasting phenomenon.
Hobart continues to lead the nation for profit-making home sales, with profitability across markets tipped to rise in the coming months as low mortgage rates, improving economic conditions and rising consumer sentiment combine to result in an increase in happy vendors.
A lack of housing stock for sale has become a national theme as property markets position themselves for a vaccination-led post-COVID recovery on steroids.
Cedar Woods CEO Nathan Blackburne tells us he is expecting a resurgence of investors in 2021, and also reveals the markets where the ASX-listed developer is banking on the biggest growth.
Developers and selling agents on Queensland’s Gold Coast say the surge of demand that occurred in the back half of 2020 is showing no signs of slowing down, with buyers lining up in droves for established properties as well as off-the-plan apartments.
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