Gallery Group – News - FEBRUARY 2, 2024

Brisbane’s Moreton Bay region plays a key part in the discussion as to how South East Queensland will keep up with population growth and housing demand over the next two to three decades.

“We must be single minded about attracting new investment that will provide a high level of value to the economy and embracing industry advancement across advanced manufacturing, food and agribusiness, tourism, sport and major events, and knowledge, innovation and entrepreneurship.”

What did the Moreton Bay Council’s Regional Economic Development Strategy 2020-41 say?

Ndis.gov.au - Latest News - 27 March 2024

Today the Australian Government will introduce to Parliament changes to the National Disability Insurance Scheme (NDIS) that will deliver for those who need it most and will contribute towards the NDIS once again being delivered in line with its original intent.

By tabling the National Disability Insurance Scheme Amendment (Getting the NDIS Back on Track No. 1) Bill 2024 today, this Government is keeping its promise to legislate in the first half of 2024, as agreed at National Cabinet in December 2023.

Sarah Brookes, March 22, 2024 — 2.00am

If current price growth trends continue, the median Perth home price could top $850,000 by early to mid-2025 as strong migration and chronic stock shortages continue.

CoreLogic figures for February 2024 showed the median dwelling (both houses and units) in Perth surged 18.3 per cent to $687,004.

“This compared to $561,740 for February 2023 which represented a growth of $125,254 over the year or an average weekly growth rate of $2400,” he said.

By Michael Yardney, March 23, 2024

Key takeaways

• Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout 2024, with dwelling values continuing to go from strength to strength.
• Brisbane's housing market skyrocketed over the last few years with 53.5% price growth since the onset of COVID-19 and is currently at a new peak in price.
• Like everywhere else in the country, Brisbane’s rental market is in crisis with historically low vacancy rates and skyrocketing rents.
• At the same time, demand for apartments is likely to remain softer, but more and more Queenslanders are turning to townhouses in Brisbane's inner suburbs as a preferred style of accommodation.
• ANZ Bank forecasts a 9-10% property price rise in Brisbane in 2024.

Lloyd Edge, 23 February 2024, 1:46 pm

• The western capital is growing as an investor favourite
• Relative affordability and a strong local economy are among major drawcards
• Perth's real estate market is red hot

Investing on the east coast has always been favoured amongst property investors, but during 2023 we started seeing a shift in focus to the west side as Perth started to show its potential, ending the year on top. According to Hotspotting’s ‘Price Predictor Index’, Perth finished 2023 as the best capital city in terms of price growth performance.