Want to know the latest news about Australia? We’ve got it covered.
We guarantee the most up-to-date new stories about property in Australia, including investing, buying, renting and mortgages. They’re written by local and international reporters exclusively for you.
Migrate to Melbourne has been the watchword among thousands of new arrivals as the city is now home to more than 4.5 million people. Population growth in Victoria is highest in Australia and in planning for the future the State Government is encouraging settlement in regional areas. Around six million people live in Victoria, an increase of 500,000 over the past five years. The population of Greater Melbourne increased to 4.53 million people, according to…
Migrate to Australia is a lifetime dream of many people, and so is buying and owning their own home. Realising a dream of owning a property in Australia has become harder with house prices Down Under rising almost 40% in the past ten years. But you do not have to be a millionaire to own a home in Australia. In the past 12 months 33.1 per cent of all houses and 40.6 per cent of…
Sydney property does not get much better than Blanchett’s luxury trophy home in the exclusive district of Hunters Hill. The historic residence, called Bulwarra, is a 3,642-square-metre estate at North Parade. Hollywood star Blanchett and husband Andrew Upton spent many months negotiating sale of their Sydney property to a Chinese millionaire buyer. Australian-born Cate thought she’d sold her home just three weeks after it went on the market. The buyer paid $19.8 million for the…
New South Wales property sales to first-time home owners increased by around 11 per cent over the past year New figures come from the number of first-time home buyers claiming government grants that aim to help people buy their first home. New South Wales offers two grant programs – the First Home Owner Grant scheme and the First Home – New Home scheme. “Last financial year the number of First Home Owner Grants increased by…
Move to Australia: The number of million-dollar suburbs across the country may have risen in the past year but housing in Perth is getting cheaper. In Western Australian capital of Perth housing affordability is improving with house prices falling by 1.4 per cent in the last three months. Perth’s average house price is now $522,500 while the average price for units is $406,000. The majority of sales in Perth’s first-time buyer market have been between…
Brisbane property market has seen a huge rise in construction of apartments in the city fuelled by population growth but mostly by investors seeking to meet growing demand from a fast expanding nation. Brisbane will be one of the first capital cities to re-align its property market in line with slowing growth and demand. Other capital cities in Australia will suffer an over-supply of properties for some years to come due to the thousands of…
Melbourne property has since risen in value to the point where this year another 36 suburbs have seen average house prices reach more than $1 million. There are now 102 suburbs across Melbourne where average house prices are $1 million or more. Strathmore, Heidelberg and Parkdale are among Melbourne’s latest Toorak is the only Victorian suburb among Australia’s top 25 most expensive with average house prices around $3,756,000. There were no Victorian suburbs with a…
Migrating to Australia: house and apartment rents are increasing by just +0.7 per cent across the country. It’s the lowest rate of rent inflation for 22 years. “Low interest rates, low consumer inflation and an over-supply of properties in capital cities are all helping to keep rental prices down”, says Darrell Todd, founder of thinkingaustralia. “Historically low mortgage rates are also adding to downward pressure on rents as the difference in cost between renting and…
Migrate to Australia for ‘green’ living is a rising watchword among environmentally-aware families seeking a better life Down Under. Melbourne is fast-becoming a magnet for sustainable living and the planned new suburb at Yarrabend is to offer ‘green’ living from the ground up. The new development will be holistically designed with green spaces, solar-powered homes and battery storage and even its own hi-tech concierge. Situated on the banks of the Yarra River the new suburb…
Perth property has seen average sale prices fall by around $20,000 over the past year The average cost of a home Perth is now $530,000 compared to $550,000 at the same time last year. “The fall in Perth property prices is welcome news for home-buyers”, says Darrell Todd founder of thinkingaustralia. “$20,000 is a lot of money, it means people could maybe buy a bigger home, or get to live in a more desirable area”….
