Property

Melbournians flock to Geelong to buy property

by newsteadrealty

Rising Melbourne property prices have forced Gen Y investors to turn their back on the capital city in favour of the more affordable Geelong.

Realestate.com.au recently released data which revealed that four Geelong suburbs placed in the state’s top 10 most in-demand areas.

Economist Nerida Conisbee said that due to Melbourne’s median price of $730,000 and Geelong’s transport and jobs, the port city’s popularity would continue to soar.

She also added that Gen Y buyers were increasingly looking towards older homes in Geelong with potential for renovation.

“Anything located on the train line [from Geelong] to Melbourne seems to be incredibly popular,” she told www.news.com.au.

“You can get housing like that in Geelong, lots of period homes and older style homes that younger people quite like the opportunity to do up.”

Gen Y’s leading Australian property expert Ayda Shabanz said that as property prices across the country continued to rise, alternative investment locations would grow in desirability.

“Generally speaking, people have a misconception that Gen Y are uninterested in entering the property market but the reality is that couldn’t be further from the truth,” she said.

“A lot of them want to buy property but they have been priced out of entering the market in main areas, which is forcing them towards alternative locations.

“In future I predict first home buyers will continue to look at investment options that they can afford – whether that’s further out or other cities – and rent where they want to live.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday May 15th 2018 at CUB Club in Melbourne, Victoria. Visit www.growevents.com.au to secure your seat at the FREE event.

Location

Where In Australia Should You Buy Property According To Data?

by newsteadrealty

Australian property experts have tipped Brisbane to be the country’s only prosperous market over the next 12 months.

Renowned property market analysers CoreLogic released data in early April that showed property prices in Sydney and Melbourne were down by 1.9% and 0.5% respectively.

Contrastingly, Brisbane’s market is surging with the same report revealing that property in Queensland’s capital has risen 1.1% in value over the past 12 months.

Speaking exclusively to News Corp Australia, AMP Capital Chief Economist Dr. Shane Oliver said property prices outside of Brisbane would fall further in years to come.

“Home prices in Perth and Darwin are either at or close to the bottom [and] price growth is likely to be moderate in Adelaide and Canberra,” he said.

“But it may pick up a bit in Brisbane thanks to stronger population growth.”

Dr. Oliver also said that claims that Australia was on the verge of a housing crash that would result in property prices decreasing by up to 20% were false.

He argued that property supply in Australia had not kept up with population growth and housing demand, a factor which continued to make cities like Brisbane an attraction location.

“A crash remains unlikely,” Dr. Oliver predicted.

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday May 15th 2018 at CUB Club in Melbourne, Victoria. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

First Home Buyers Rapidly Entering The Qld Property Market

by newsteadrealty

Queensland’s first homebuyer numbers have surged 18.5% in comparison to last year, according to the latest PRDnationwide key market indicators report.

Dr Diaswati Mardiasmo, PRDnationwide’s National Research Manager, said 6271 loans were given to first home buyers in Queensland during the September quarter.

“18.5 per cent is quite significant (growth),” she said. “It is not the highest percentage growth across the states but for Queensland it is quite good.”

Whilst Queensland’s property market has become more affordable in the past year, Dr Mardiasmo said other factors were also attracting more first home buyers.

One of which was developers offering incentives which make entering the property market a more enticing proposition.

“I have seen developers where they will match the first home buyers grant accordingly,” Dr Mardiasmo told The Courier-Mail.

“Developers themselves are attracting first homebuyer loans using these methods and because of that it is stimulating first home buyers to actually get into the market.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday March 20th 2018 at the Queens Arms Hotel in Brisbane, Queensland. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

Why Are Interstate Buyers Eyeing Off Brisbane Property?

by newsteadrealty

As the price of property in Sydney and Melbourne continues to rise in price, savvy investors from these cities are making inroads into the Brisbane market.

Beautiful one day and perfect the next, Brisbane has emerged as a leading location for investors looking for affordable property close to the CBD.

Co-Founder and Director of Grow Property Group, Ayda Shabanz, said there were several reasons why Brisbane was attracting interstate investment.

“The climate is wonderful and there’s a tremendous focus on living an active outdoor lifestyle in Brisbane so this has resulted in many people wanting real estate up north,” she said.

“The defining factor is that property in Brisbane is generally cheaper and providing higher yields than other capital cities across Australia, which means there’s still bang for buck.”

One popular strategy being utilised by first-home buyers based outside of Brisbane is to buy an inner-city property as an investment in Queensland’s capital and hold onto it long-term.

“When interstate buyers do this they have an option to use equity in their Brisbane property down the track to help them buy a home where they want to live,” she said.

For these reasons Ayda Shabanz said that she anticipated more interstate buyers would look towards investing in Brisbane over forthcoming years.

“There have been major infrastructure advancements in Brisbane and when you couple that with really high yields in property it will continue to be an attractive proposition,” she said.

Ayda Shabanz is hosting The Road to Property Ownership workshop on Tuesday February 20th 2018 at WeWork – Pyrmont in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.

Investment

Southern Property Investors Encouraged To Buy Elsewhere

by newsteadrealty

An Australian property expert has urged investors from Sydney and Melbourne to look towards buying property outside of their residential city in the current market.

Simon Pressley, head of property market research at Propertyology, said savvy buyers from Sydney and Melbourne shouldn’t be afraid of investing interstate.

“There’s been speculation and debate about peaks and bubbles but it’s generally accepted that the boom in Sydney and Melbourne is over,” he told Your Property Investment Magazine.

“Look seriously at investing in other locations – it’s really a case of diversify or die wondering.”

With property prices in Sydney and Melbourne widely regarded as expensive, Mr. Pressley stressed that wasn’t the case nationwide.

Recent statistics showed that property in cities such as Brisbane and Hobart, where prices are more affordable, are continuing to experience solid growth.

“The greatest danger in the cooling of Sydney and Melbourne markets is that investors assume that our whole nation is off the boil,” he said.

“Outside of Sydney and Melbourne, growth cycles lie ahead. You can buy investment property with better growth potential and higher rental yields.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday February 20th2018 at WeWork Pyrmont in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.

Investment

Sydneysiders Eye Brisbane For Property Investment

by newsteadrealty

A renowned Australian property expert has predicted that Brisbane will soon emerge as the best performing capital city for housing in the country.

CoreLogic’s Tim Lawless said that a key factor behind his property forecast was the fact that people are migrating to Brisbane more than anywhere else Down Under.

“Higher migration rates implies more demand for housing, which should help to support an improvement in capital gains,” he told The Courier-Mail.

Mr. Lawless said the timeframe in which Brisbane would become the nation’s leading property market was within the next five years.

He also stated that factors such as enhanced affordability and increasing job prospects in the Sunshine State would help to propel Brisbane’s property market.

“Jobs are an essential component of a healthy housing market and a strong labour force has been a key missing ingredient from the Brisbane housing market up until recently,” he said.

“The improved jobs sector, together with high rates of migration and an affordable mix of housing is a solid recipe for stronger housing market conditions.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday March 20th 2018 at the Queens Arms Hotel in Brisbane, Queensland. Visit www.growevents.com.au to secure your seat at the FREE event.