REIQ asks Queensland Government and opposition to stop soaring insurance premiums in the Sunshine State as election looms
REIQ CEO Antonia Mercorella said Brisbane insurance premiums rose by 18.5 per cent for the year to December 2023, compared to rises of 13 per cent in Sydney and 15 per cent in Melbourne.
Following calls from the REIQ for the first home buyer stamp duty concession threshold to be lifted to reflect current day prices, the peak body is commending today’s commitment from the State Opposition to do just that. REIQ CEO Antonia Mercorella said the election commitment was a spark of...
John McGrath – Where did prices rise the most in 2023?
Affordable suburbs with median house prices below $500,000 dominated the best areas for price growth across Australia last year says, John McGrath, Chief Executive Officer of McGrath Estate Agents.
I’d like to wish everyone a happy new year and offer some insights as to what may happen in the property market in 2024, John McGrath, Chief Executive Officer of McGrath Estate Agents.
Queensland vacancy rates barely budge over 2023 - REIQ
The REIQ’s latest Residential Vacancy Rate Report released today shows incredibly tight conditions continued in Queensland over the December 2023 quarter. Queensland’s statewide vacancy rate dipped slightly over the quarter to 0.9 per cent, reflecting a fairly consistent state of affairs over...
Slaying of the inflation dragon as CPI index trends down to 4.3% - REIA
Real Estate Institute of Australia (REIA) President, Leanne Pilkington said the November figure continues the downward trend in inflation - 5.4% in the September quarter, 6% in June quarter and well down on peak of 8.4% in December 2022. “The thirteen rate hikes by the RBA since May 2022 are...
REIWA welcomes new fund to boost housing completions
REIWA CEO Cath Hart welcomed the Cook Government’s announcement of an interest-free loan facility to help home builders complete unfinished properties.
CoreLogic’s national Home Value Index (HVI) rose 8.1% in 2023, a significant turnaround from the -4.9% drop seen in 2022, but well below the 24.5% surge recorded in 2021.
John McGrath – A market wrap & what’s in store for FY24
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, Australian home values are returning to growth much earlier than expected despite continually increasing interest rates.