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The latest on property hotspots around Australia

 

Game Changers for Brisbane

By Landsdale Property Group on October 21, 2016 in Property Hotspots | comments
Massive growth in Brisbane's CBD, brought on by major developments across the city, is set to almost completely transform the Queensland capital by 2022.

Brisbane Lord Mayor Graham Quirk has described the year as a "game-changer for the city", with a string of major projects set to be delivered in six years' time.

Given the scale of the projects, it was clear that (barring any unforeseen construction difficulties) Brisbane in 2022 would be a very different city to the one seen today.

More than $10 billion worth of major projects were due to be completed in 2022, including the Queens Wharf casino and entertainment complex, the Howard Smith Wharves redevelopment and the Brisbane Quarter on the site of the old Supreme Court building.

"Projects of this size take years to come to fruition and we have been working on them behind the scenes for a long time," Cr Quirk said

"Well-considered planning over many years is now delivering.  Several major projects and infrastructure works are moving forward at the same time and they will collectively change the face of the city."

That change was demonstrated in graphic detail in images provided by Brisbane Marketing, which showed a city transformed by development from several angles.

Click on this link ...
http://www.brisbanetimes.com.au/queensland/interactive-brisbanes-skyline-to-be-transformed-in-2022-20160815-gqsixb.html

 

 

Game Changers for the Sunshine Coast

By Landsdale Property Group on October 21, 2016 in Property Hotspots | comments
Click on the link below to see the special report "The Australian" did on the Sunshine Coast - enjoy!

http://specialreports.theaustralian.com.au/607952/a-region-reimagined/

 

Property Markets - State of Play

By Landsdale Property Group on February 22, 2016 in Property Hotspots | comments
There is no one singular Australian property market. There are indeed dozens of markets; and markets within those markets. But broadly speaking, you could certainly say we’ve had a two-speed marketplace with Sydney and Melbourne leading the way and now at the tail end of their growth cycles, while the balance of capital cities are yet to begin theirs.
Here’s the state of play nationwide.

New stats from RP Data for the 12 months ending January 31 show the following price growth (or decline) patterns across the capitals.

Sydney – houses up 10.7%, apartments up 9.6%
Melbourne – houses up 11.6%, apartments up 5.4%
Brisbane/Gold Coast – houses up 3.4%, apartments up 3.9%
Adelaide – houses up 1.5%, apartments down -3.9%
Perth – houses down -4.4%, apartments down -0.4%
Canberra – houses up 6.7%, apartments down -3.3%
Hobart – houses up 1.4%, apartments up 13.2%
Darwin – houses down -3.2%, apartments up 0.7%

We have forecast for some time now that South-East Queensland will experience the strongest capital growth over the next few years but I expect almost all of Australia will show growth this year.  I think we will see a steady marketplace with a good balance between buyers and sellers in the big cities. At worst, we might see a minor short term correction in Sydney as the market recalibrates after several years of phenomenal growth, but I also think there's equal chance we could see a few more percentage point rises in median values.

January has shown us that there is very little reduction in owner-occupier demand across most price ranges, with strong interest at inspections and early new year buying at solid levels. Most of our offices at McGrath had much stronger results this January compared with January 2015, which suggests the market has depth.

The latest official figures from the Bureau of Statistics show housing finance rose by 1.8% to $33.3 billion in November 2015 and this was largely driven by new or refinanced owner occupier mortgages ($21.8 billion). The value of loans to upgraders or downsizers was greater than for investors ($11.5 billion), which was a significant but expected change following the introduction of tighter lending criteria for investment finance.  In terms of Sydney and Melbourne market performance this year, early indicators are that buying demand is still strong. It would not have been healthy for these cities to continue at the pace they were going. Although there was no bubble, Sydney in particular got to a point where sales were extraordinarily high, often 25%-50% above expectations. I think it's these types of extraordinary results that will taper off and be replaced by a more predictable set of outcomes in 2016.

Buyers have had a tough few years getting into the Sydney market but I believe they now have a great opportunity to secure the right property before the market moves upwards again.
At the end of booms, buyers can get a bit obsessed with timing. They often hold off believing (or rather, hoping) prices will fall and this delays their purchase. I’ve been in the game for 32 years and believe me, time in the market is much more important than timing the market when you buy. Buying the best property you can afford, when you can afford it; and holding it for the long term is always the best play. Keep it simple.

(Source: John McGrath, Tuesday, February 09, 2016 - http://www.switzer.com.au/the-experts/john-mcgrath-property-expert/property-markets-state-of-play/)
 

Will Walkable Suburbs Outperform In The Future?

By Landsdale Property Group on October 26, 2015 in Property Hotspots | comments

You often hear location is paramount when choosing a great investment property. But what makes a good location?


While a lot of factors come into play, easy access to facilities must be near the top of the list.  Walking distance to transport, shops and the café lifestyle is one the strongest trends attracting buyers and tenants.  This particularly so among the growing demographic living in apartments in our inner suburbs.

Australian Cities have been ranked by WalkScore.

Well…now you can find out how “walkable” your suburb is.  Walkscore.com, which measures the number of typical consumer destinations within walking distance of a dwelling, with scores ranging from 0 (car dependant) to 100 (most walkable) has recently ranked more than 100 Australian cities and 3,000 suburbs.  With a Walk Score of 63, Sydney comes out on top in the ranking of The Most Walkable Australian Cities and Suburbs.  While a number of real estate websites have incorporated WalkScore and more are likely to follow, of course the walkability index has a number of shortcomings.  Consider the low-scoring regional dweller who enjoys walking their dog on a rural path.  Not to mention that what one person considers a “walkable” trip may seem an epic hike to another.

WALK SCORE’S RANKING OF THE TOP 10 LARGEST AUSTRALIAN CITIES:

Here is how our cities ranked:

1. Sydney (Walk Score: 63)
2. Melbourne (Walk Score: 57)
3. Adelaide (Walk Score: 54)
4. Brisbane (Walk Score: 51)
5. Perth (Walk Score: 50)
6. Newcastle (Walk Score: 49)
7. Wollongong (Walk Score: 48)
8. Gold Coast (Walk Score: 48)
9. Central Coast (Walk Score: 41)
10. Canberra (Walk Score: 40)

While this is interesting, what is more important is that in every city some suburbs are more walkable than others.  You can check out the complete list of ranked cities and suburb here:http://www.walkscore.com/rankings/australia.

Walk scores are also  turning up in a number of property portals and agents websites and you can expect to see more in the future.

1379038390570_Melbourne-Buyers-Agent-938x704-300x275WHAT DOES ALL THIS MEAN?  Over the past decade, home values in Sydney’s walkable neighbourhoods have outperformed the rest of the city and can attract a 20% premium.  It was much the same overseas where studies indicate that properties with above-average levels of walkability command a premium over homes with average levels of walkability.

IT GETS EVEN BETTER…  Walkable neighbourhoods offer a number of health and economic benefits.  For example, a 10-year long study of Australians by the Univerysity of Melbourne found that walkable neighbourhoods with proximity to shops, parks and public transit improve people’s health and wellbeing.  And as our population grows, and our cities become more dense, I see the importance of easy access to amenities and walkability becoming more important.  With more of us trading backyards for balconies and living in apartments, we’re spending more time in cafés and restaurants rather than entertaining at home.  Add to this the fact that 22% of our population are living alone, then the opportunity to stroll up the road to visit their favourite café for a coffee or a meal is particularly important to them.

So when you’re looking at buying your next home or investment property consider its proximity to amenities.  As our lives become more hectic and our cities become more congested, many of us will be prepared to pay a premium to be close to, but not right next to transport, shops and amenities.

[Source: Michael Yardney,propertyupdate.com.au]