PLANNING, CLARE BURNETT, WED 24 JUL 24
Another 30,000 homes are hoped to be added to the South-East Queensland pipeline thanks to a new Priority Development Area (PDA).
Waraba will be Queensland’s 36th PDA, meaning development applications for the area will now be run through the Queensland Government agency Economic Development Queensland.
ABC Sunshine Coast / By Owen Jacques, Alex Easton, and Sarah Howells, Posted Mon 13 May 2024 at 10:15amMonday 13 May 2024 at 10:15am, updated Mon 13 May 2024 at 12:43pm
In short: A Brisbane to Sunshine Coast rail line will soon begin early works to be built ahead of the 2032 Brisbane Games, after new Federal funding announced.
What's next: Construction on this first stage to Caloundra is set to begin in 2026, with further rail connections to follow after the Olympics.
By Melinda Jennison, Buyers Agent, Streamline Property Buyers | 5-6-2024 | Residential
Brisbane has surpassed Canberra and Melbourne to lay claim to being the second most expensive property market in Australia, behind only Sydney.
There has been a significant shift in the rankings of Australia’s most expensive capital city markets.
EXCLUSIVE, RENEE MCKEOWN, MON 03 JUN 24
The new Sunshine Coast rail line from the hinterland to beach is a project 30 years in the making, complete with a rail corridor colloquially known as CAMCOS—the Caboolture to Maroochydore Corridor Study.
The project should lure developers and buyers to the region, bumping house prices up and boosting demand, in part due to it making the commute by rail to Brisbane more appealing than road.
INFRASTRUCTURE, MARISA WIKRAMANAYAKE, MON 03 JUN 24
In what will now be Western Australia’s largest privately funded infrastructure project, both Qantas and Perth Airport have chipped in to redevelop the Perth Airport.
Perth Airport and Qantas signed a new commercial agreement that Perth Airport would invest $3 billion in redeveloping the airport.
May 31, 2024 | Christian Edwards
Perth property is soaring. Via Getty
Aussie home prices lifted 0.3% to hit a new record in May, taking prices up 2.73% for 2024 thus far.
According to the latest PropTrack Home Price Index, around the country rices were 6.68% above May 2023 levels and up 9.58% from their December 2022 low.
By Melinda Jennison, Buyers Agent, Streamline Property Buyers | 6-7-2024 | Residential
Brisbane remains one of the top three fastest growth cities over the last 12 months, as clear divergence between capital city market performances across the country cements itself.
Perth, Adelaide, and Brisbane have consistently been the strongest-performing markets since the pandemic began. These smaller capital city markets show a clear difference in performance compared to others across the country.
EXCLUSIVE MARISA WIKRAMANAYAKE FRI 28 JUN 24
Investors are treading carefully.
It is leading them to alternative assets, which comes as no surprise to Cushman and Wakefield alternatives capital markets director Louise Burke.
“Investors are now looking elsewhere to sectors with enhanced structural tailwinds and strong underlying demand growth potential,” Burke says.
EXCLUSIVE RALPH NICHOLSON, FRI 24 MAY 24
“Regardless, Perth’s critically low housing supply is unlikely to be solved any time soon.”
It was April of 2019, and REIWA’s weekly market snapshot said there were about 17,000 properties for sale in Perth and surrounds.
Eighteen months later—in the week ending October 11, 2020—the number of properties available in the WA capital had fallen to 10,422.
That number has been falling ever since.
Eleanor Creagh, Senior Economist, Senior Economist, Updated 4 Apr 2024, 9:52am
In the four years since the pandemic began, home prices around the country have staged a remarkable feat.
From fears of sharp falls through the pandemic, to predictions of steep declines when interest rates began to quickly climb, home prices have defied the expectations of many, surging 39.9% nationally.
