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Brisbane house price growth to ‘accelerate’ 19pc in next 3yrs

Elizabeth Tilley 08 SEP 2019 BRISBANE is on the cusp of a mini boom with house prices set to “accelerate” over the next three years — outperforming every other capital city, a leading industry player predicts. In its Australian Housing Outlook 2019-2022, released today, QBE forecasts median house price growth in the Queensland capital to average 6.4 per cent per annum over the next …

Queensland is Australia’s next big housing hotspot

QUEENSLAND’S housing market is tipped to lead the country for capital growth in the next two years while prices in NSW and Victoria continue to slide, according to a survey of hundreds of property professionals. The latest National Australia Bank (NAB) quarterly survey of 300 respondents reveals the industry expects house prices in Queensland to increase by 0.7 per cent in the next year …

Most first home buyers are clueless about buying process

  While roughly half of first home buyer respondents claimed to have a clear understanding of the buying process, 61% failed the basic property buying literacy quiz included in the survey. Most first home buyers did not understand lenders’ mortgage insurance (LMI) as 88% were unaware that it covers lenders and not borrowers. LMI is usually paid for by borrowers who borrow more than …

Most millennials are saving for their first property, new research shows

This two-bed, two-bath, one car apartment for $440,000 is perfect for a first home buyer. An increasing amount of millennials are saving up for a home loan, new research from Westpac has revealed.  More millennials are foregoing their avocado toast and lattes in favour of saving up for a house deposit. Consistent and conscientious savings plans are propelling more first home buyers into the …

Australian Dwelling Values Hold Firm In March

Australian Dwelling Values Hold Firm In March With Regional Values Recording a 0.4% Rise According to the CoreLogic hedonic home value index, national dwelling values were unchanged in March, with the steady month on month reading comprised of a 0.2% fall in capital city dwelling values while the combined regional markets saw values rise by 0.4%.Trends across the March quarter showed that capital city …

FIRST HOME BUYER ACTIVITY STARTS TO STRENGTHEN

Australian first home buyers, particularly from New South Wales and Victoria, were seen to have played a more active role in the market over the past year, thanks to the easing in investor activity and the availability of incentives. In a blog post, CoreLogic’s Cameron Kusher said activity from the said group has generally been tracking below average over the recent years. However, due …

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