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Brisbane Rental Market Keeps Investors Optimistic

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Brisbane Rental Market Keeps Investors Optimistic
The Brisbane residential market is showing some signs of recovery, as vacancy rates continue to fall across the Queensland capital. 

The number of vacant properties in Brisbane dropped below 10,000 to 9774 — to 3 per cent from 3.2 per cent in March, according to SQM Research data.

The national vacancy rate was unchanged at 2.1 per cent.

Asking rents for units in the Queensland capital also picked up in April, marking a slight 0.4 per cent increase to $367.80 despite asking rents for houses falling over the month to $446.40 (-0.3 per cent).

The slight fall in rental vacancies comes as demand for prestige property in Brisbane led to a 3.6 per cent price growth over the past year.

Melbourne saw a fall in its vacancy rate to 1.3 per cent in April representing 7,317 vacancies, down from 1.4 per cent.

Sydney’s rate was steady at 2.3 per cent representing 15,809, but up from 1.7 per cent a year earlier, while Canberra rose to 474 vacancies from 392 last month.

Adelaide dropped from 1.4 per cent vacancy to just 1.3 per cent, leaving 2,427 vacancies in April while Hobart’s vacancy rate inched higher to 0.7 per cent representing 219 vacancies from March’s 191.

“While vacancies remain tight, this is the sixth straight month of vacancy increases, signaling that the worse now could be over for Hobart tenants,” SQM Research managing director Louis Christopher said.

“We are finally seeing some rent relief in Hobart where asking house rents fell by 2.8 per cent over the month to 12 May, with a slight uptick in the vacancy rate there.

“In Sydney too, we are seeing some relief in rental costs […] but high rents remain a constraint for many renters, with unit asking rents still rising in most capital cities, apart from Darwin and Perth,” Christopher said.

Capital city asking rents for houses rose fell over the month to 12 May 2018 by 1.6 per cent to $554 a week, while unit asking rents rose 0.5 per cent to $445 a week.

The asking rent for a three-bedroom house in Sydney remained the highest in the nation at $726 a week while for units it stands at $525. Canberra follows at $619 a week for houses and $442 for units.

In Melbourne, asking rents for houses were down over the month by 0.7 per cent to $534 while unit asking rents rose by 0.7 per cent to $410.

Source: theurbandeveloper.com

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Market Place

Brisbane’s real estate is leading the nation

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Brisbane's real estate is leading the nation

According to CoreLogic property analysts, Brisbane is leading mainland Australia in all four property performance indicators for the first time in more than a decade. But what does the record increase in home values mean if you’re looking to buy or sell the place you call home? Kieran Clair is the Director of Bricks and Mortar Media, and a regular guest on ABC Radio Brisbane on a Saturday morning. He is chatting with Loretta Ryan.

Source: www.abc.net.au

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Buying a blank canvas for your dream home: 5 big land blocks for under $540k

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Buying a blank canvas for your dream home: 5 big land blocks for under $540k
It’s becoming harder to find big blocks of land in Brisbane’s suburbs. Photo: iStock
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Buyer interest in next-gen suburb

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Buyer interest in next-gen suburb

Each double-storey home features a mix of three-bedroom and three-bedroom-plus-study designs, complete with multi-purpose room, two bathrooms, guest powder room and generous-sized living areas.

EVERTON Hills is earmarked as a ‘next-generation’ suburb, according to developer Sunland Group.
Sunland Group managing director Sahba Abedian said local government designated Everton Hills as a next generation suburb due to its proximity to existing and future retail centres, employment, and community facilities.

Buyer interest in next-gen suburb
The kitchens will feature reconstituted stone benchtops, high-gloss cabinetry, and quality appliances, and flow seamlessly to the indoor living areas

“The arrival of Park Lane later this year, as well as the planned redevelopment of the Woolworths site in Everton Park and North-West Private Hospital, are delivering considerable amenity to The Hills District,” Mr Abedian said.

“Everton Hills also adjoins the 630ha Bunyaville State Forest, renowned for its expansive nature trails and recreation spaces.

“Grovely Train Station is an easy four-minute drive away, with direct services to the Brisbane CBD.”

Located at the centre of this wave of new infrastructure is Sunland Group’s The Hills Residences, which had already seen 50 per cent of residences sold since its April launch.

Mr Abedian said the early sales success of The Hills Residences demonstrated the inherent value of sophisticated architectural design and established amenity.

Buyer interest in next-gen suburb
Bathrooms will feature large porcelain tiles, custom-made vanities, reconstituted stone benchtops, and premium fittings.

“These homes represent the latest evolution of Sunland’s award-winning designs, featuring striking framed facades and expansive landscaping,” he said.

“Each double-storey home features a mix of three-bedroom and three-bedroom-plus-study designs, complete with multi-purpose room, two bathrooms, guest powder room and generous living areas.

“A selection of homes enjoy aspects overlooking the central park and the adjoining nature reserve.”

Mr Abedian said the kitchens would feature reconstituted stone benchtops, high-gloss cabinetry, and quality appliances, and flow seamlessly to the indoor living areas.

While bathrooms would feature large porcelain tiles, custom-made vanities, reconstituted stone benchtops, and premium fittings.

Buyer interest in next-gen suburb
The early sales success of The Hills Residences demonstrated the inherent value of sophisticated architectural design and established amenity.

“One-third of The Hills Residences is dedicated to open space, with a large central park and 3,500sq m of preserved bushland located a short stroll from every home,” he said.

“Early construction works have commenced on site, with the display home on track to be delivered in early 2019.”

Buyer interest in next-gen suburb
One-third of The Hills Residences is dedicated to open space, with a large central park and 3,500sq m of preserved bushland located a short stroll from every home.

Source: www.news-mail.com.au

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