Category: Hobart

Home Community & Lifestyle State Tasmania Hobart
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Wednesday March 26, 2025Wednesday March 26, 2025Adelaide, Affordable Housing, Affordable Housing, Brisbane, Darwin, Decline, Global, Growth, Hobart, Inflation, Infrastructure, Interest Rates, Land, Local, Melbourne, Perth, Planning, Property, Sustainability

Budget 2025: Cracking the Code for Property Pros – Rates, Lending & the Aussie Dream

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The 2025 Federal Budget presents both opportunities and challenges for Australian property professionals. Key initiatives include an expanded Help to Buy scheme, allocating $800 million to assist first-home buyers with smaller deposits and shared equity, potentially stimulating demand, especially at the lower end of the market. However, agents should anticipate greater competition for eligible properties and advise clients on the program's nuances and limited availability.

A $21 billion commitment to boosting housing supply via the Housing Australia Future Fund offers developers significant opportunities, particularly in affordable housing. Navigating funding access and addressing planning delays will be crucial. Property managers may also see gains.

The Budget introduces a temporary ban on foreign investors purchasing existing dwellings, aiming to ease market pressure. This may lead to a short-term demand dampening, especially in inner-city and luxury areas. Agents should prepare for this potential sales decline, while recognising opportunities for local buyers.

Treasurer Chalmers acknowledged slower projected economic growth, advising caution due to rising interest rates and inflation impacting affordability and investor confidence. Property professionals should analyse these measures, adapt strategies, and be prepared for a potentially subdued market, considering the economic headwinds.

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Tuesday March 25, 2025Tuesday March 25, 2025Adelaide, Closing, Global, Growth, Hobart, House, Interest Rates, Local, National, New South Wales, Property, Queensland, Residential, South, South Australia, Victoria, Western Australia

First-Home Buyers Face Tightening Market: Strategies for Success

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Australian property professionals should heed the latest PRD report, signaling a crucial period for first-home buyers. The report highlights a significant surge in buyer confidence following the RBA interest rate cut, increasing the time-to-buy index by 24.9% nationally. This indicates a favourable market window, but it's rapidly closing. While Victoria and South Australia saw the most pronounced improvement, all states experienced gains. However, first-home buyers face increased debt burdens (nationally up 5.4%) reflecting rising home prices, particularly in Queensland, Western Australia, and South Australia. Melbourne is identified as an attractive option, with a recovering median house price. The report warns of a potential 'frenzy' in the market, pushing prices higher as supply struggles to meet demand, especially for detached housing. NSW emerges as a relatively "friendlier" option for first-home buyers, offering recent gains in affordability. Prospective buyers must act swiftly to capitalize on current conditions before potential price increases.

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Monday March 24, 2025Monday March 24, 2025Adelaide, Analysis, Brisbane, Darwin, Forecasts, Growth, Hobart, Inflation, Infrastructure, Insurance, Interest Rates, Melbourne, National, Northern Territory, Perth, Property, Queensland, Regional, Residential, South, South Australia, State, Western Australia

Qld Deluge Threatens Property Market: Brace for Potential Flood Impact

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Inland Queensland property professionals should prepare for significant rainfall and potential flooding this week. Some areas may receive up to 400mm, approaching a year's worth of rain in just days. Major flood warnings are in place for the Bulloo River, with moderate and minor warnings across other river systems. This deluge contrasts sharply with extreme heatwave conditions in Western Australia, where temperatures are forecast to reach the high 40s. While the heavy rain is expected to clear by the weekend, the potential for property damage and disruption from flooding necessitates vigilance and proactive measures from those operating in affected regions. Keep up-to-date with the latest Bureau of Meteorology warnings.

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Saturday March 22, 2025Saturday March 22, 2025Affordable Housing, Affordable Housing, Analysis, Decline, Employment, Finding a Rental, Growth, Hobart, House, Infrastructure, Interest Rates, Local, Property, Residential, South

Hobart’s Rental Reality: Sub-$400 a Week a Distant Memory

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Hobart's rental market is tightening, making sub-$400/week rentals a rarity, according to a PropTrack report featured on realestate.com.au. This trend presents both challenges and opportunities for Australian property professionals. House rents are surging, with Battery Point experiencing a 12% annual increase to a median of $700/week and Clarendon Vale seeing significant quarterly growth. Unit rents show a mixed picture, with some suburbs declining, like North Hobart (down 15.5% annually to $493/week), while others remain expensive, like Rokeby ($550/week).

REA Group's economist Anne Flaherty attributes the rental increases to supply constraints and proximity to amenities like universities. Sarah Woolley from Raine & Horne Kingborough highlights rising costs of living and seasonal demand as contributing factors. Reports indicate that even six-figure earners are dedicating a significant portion of their income to rent, emphasising the need for affordable housing initiatives.

For developers, understanding these localised rental dynamics is crucial. The focus may need to shift towards higher-density, innovative housing solutions and exploring opportunities in more affordable outer suburbs. Furthermore, proficiency in navigating the evolving policy landscape and incentives related to affordable housing will be essential for contributing to viable solutions in Hobart's increasingly challenging rental market.

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Friday March 21, 2025Friday March 21, 2025Adelaide, Affordable Housing, Affordable Housing, Brisbane, Decline, Economic Factors, Growth, Hobart, House, Inflation, Local, Melbourne, Mortgages, Property, Regional, State

Shave Six Figures Off Mortgages: Pro Strategies for Savvy Property Pros

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Explore the expanded Help to Buy shared equity scheme and its impact on Australia's property market. Learn how increased income thresholds and property price caps create new opportunities for property professionals and homebuyers.

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Friday March 21, 2025Friday March 21, 2025Adelaide, Analysis, Economic Factors, Growth, Hobart, Infrastructure, National, South, South Australia, Student Accommodation

International Students: Not the Root Cause of Australia’s Rental Crisis?

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Australian property professionals should note a recent study challenging the common assumption that international students are the primary drivers of the rental crisis. Researchers from the University of South Australia, in a ground-breaking analysis, found no significant correlation between rising rental costs and international student numbers in most major Australian cities. Instead, the study emphasizes structural market issues—like insufficient supply—as the key culprit. Critics of the study might argue that while international students aren't the only factor contributing to rental issues, they are a contributing factor, especially as rising student visas lead to more demand without commensurate supply. The research, published in The International Journal of Higher Education Research, highlights the potentially damaging impact on the local market of policies restricting international students. This underscores the need for a nuanced understanding of the complex interplay of factors influencing Australia's rental market.

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Friday March 21, 2025Friday March 21, 2025Commercial, Decline, Hobart, Local, Office, Planning, Property, Property Prices, Residential, Specialised, Tasmania

Tasmanian Antarctic Sector Boost: Greens’ Science Jobs Plan and Property Impacts

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Funding uncertainty threatens critical Antarctic research at the University of Tasmania, potentially impacting property professionals indirectly through loss of jobs and economic activity within the state. The Australian Centre for Excellence in Antarctic Science (ACEAS) faces imminent closure, risking dozens of jobs crucial to understanding climate change and its impact on Australia. The Greens have pledged $50 million over five years to reinstate ACEAS funding, highlighting the government's failure to provide long-term support despite the release of the Australian Antarctic Science Decadal Strategy. This funding gap jeopardizes Tasmania's standing as a global leader in Antarctic research and the effective utilization of the RSV Nuyina, Australia's state-of-the-art icebreaker. The Greens urge the government to address this funding shortfall in the upcoming budget, emphasizing the urgency of supporting vital climate science and its associated economic benefits for Tasmania.

South Hobart Tasmania
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Friday March 21, 2025Friday March 21, 2025Growth, Hobart, House, Infrastructure, Local, Property, South, Tasmania

Exploring South Hobart: A Hidden Gem of Culture, Nature, and Community Spirit

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Welcome to the Neighbourhood Nestled between the stunning foothills of kunanyi/Mount Wellington and the vibrant waters of the Derwent River, South Hobart in 2025 stands as a testament to Tasmania’s rich culture and the close-knit community spirit that feels almost palpable here. This charming suburb embodies a unique blend of heritage architecture, lush parks, and...

gratitude for your home
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Thursday March 20, 2025Thursday March 20, 2025Adelaide, Brisbane, Downsizing, Gold Coast, Growth, Hobart, House, Local, Maintenance, Melbourne, National, National Perspective, Perspective, Perth, Property

Finding Freedom: How Downsizing Transforms Australian Homes and Lives for Empty Nesters Embracing Gratitude for Your Home

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By: APN National Perspective This information is for general guidance only and not financial advice. The Journey to Freedom For many Australians, the home is more than just four walls. It’s a sacred space filled with memories, growth, and stories that shape a family. However, as life progresses and children leave the nest, the real...

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Thursday March 20, 2025Thursday March 20, 2025Adelaide, Analysis, Brisbane, Darwin, Employment, Global, Growth, Hobart, House, Investment Strategies, Local, Melbourne, National, Perth, Property, Property Prices, Regional

Aussie Property Prices: Sustained Growth Fuels Investment Strategies

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Aussie Property Prices: Sustained Growth Fuels Investment Strategies The Australian property market experienced a mixed December quarter in 2024, with some capital cities posting price growth while others saw declines. This dynamic performance highlights the complex interplay of factors influencing the national housing market. National Overview Nationally, house prices rose by 0.7% to a median...

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Wednesday March 19, 2025Wednesday March 19, 2025Adelaide, Analysis, Brisbane, Darwin, Decline, Hobart, Insight, Melbourne, National, Northern Territory, Perth, Property, Regional, Residential

Record Property Resale Profits, but Losses Loom Larger: Implications for Investors

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Australian home sellers saw record profitability in the December 2024 quarter, according to CoreLogic's Pain & Gain report. A median nominal gain of $306,000 was achieved, the highest since the data series began in the mid-90s. While 94.8% of resales resulted in a profit, a slight dip from the previous quarter, this reflects a modest -0.3% decline in national home values. Notably, units in Sydney and Melbourne experienced higher loss-making rates (10.1%), attributable to lingering supply issues from the prior off-the-plan apartment boom. Profitability is expected to recover in 2025, given the strong link to capital growth and anticipated easing interest rates. Australian property professionals should closely monitor these trends, especially concerning unit markets in key areas like Sydney and Melbourne, to adapt their strategies accordingly.

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Wednesday March 19, 2025Wednesday March 19, 2025Adelaide, Analysis, Brisbane, Decline, Hobart, House, Insight, Melbourne, National, Perspective, Property, Regional

Record Property Profits Fuel Australian Housing Market Surge

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Australian property owners are reaping record profits, with a median gain of $306,000 on resales, according to CoreLogic's latest Pain & Gain report. While 94.8% of sellers profited – the highest rate since the mid-1990s – this represents a slight dip from the previous quarter, attributed to recent interest rate hikes. Brisbane leads the capitals in profitable sales (99.1%), followed by Adelaide, Sydney, and Melbourne. However, units in inner Melbourne and Parramatta (Sydney) saw significant losses. Darwin and regional NT recorded the highest loss-making sales. For Australian property professionals, this data underscores market resilience despite fluctuating interest rates. While houses remain a strong investment, the unit market presents localized challenges. Expected easing of interest rates in 2025 suggests a likely rebound in profitability.

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Wednesday March 19, 2025Wednesday March 19, 2025Adelaide, Brisbane, Darwin, Growth, Hobart, Insight, Interest Rates, Melbourne, National, Northern Territory, Property, Regional

Aussie Property Resale Profits Hit Record Highs

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Aussie Property Resale Profits Hit Record Highs CoreLogic’s latest “Pain & Gain” report, analysing 95,300 property resales over the December 2024 quarter, reveals a significant increase in median nominal profit. The median profit reached $306,000, a record high since the series began in the mid-1990s. Record Profitability Amidst Mixed Market Conditions Despite a dip in...

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Wednesday March 19, 2025Wednesday March 19, 2025Darwin, Hobart, Interest Rates, Loans, Melbourne, Property, Property Prices

Rate Cuts Inject New Momentum into Aussie Property

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Australian property sellers enjoyed record profits in Q4 2024, with a median profit of $306,000. While 95% of sales generated a profit, the proportion of profitable sales dipped slightly. However, with the RBA lowering interest rates, a strong rebound in property prices and resale profits is anticipated in 2025. Australian property professionals should note that while overall profits are high, short-hold periods (under four years) frequently correlate with losses, particularly in Melbourne, Hobart, and Canberra. This suggests the importance of holding properties for longer periods to potentially achieve more substantial gains. Units, especially in inner-city Melbourne and Sydney, are experiencing higher loss-making sales than houses, highlighting the differing market dynamics across property types. Understanding these market trends is crucial for accurately assessing the potential profitability of resales and advising clients accordingly.

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Tuesday March 18, 2025Tuesday March 18, 2025Adelaide, Analysis, Darwin, Gold Coast, Hobart, National, Property, Regional, Western Australia

Rent Surge Demands Record Wages: Impact on Aussie Property

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Rent Surge Demands Record Wages: Impact on Aussie Property New analysis highlights the escalating challenge of rental affordability across Australia, revealing that a significantly high income is now required to cover average rental costs. The report, compiled by Everybody’s Home, a housing affordability campaign group, paints a complicated picture of the nation’s rental market. Significant...

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Tuesday March 18, 2025Tuesday March 18, 2025Adelaide, Affordable Housing, Affordable Housing, Analysis, Brisbane, Central Coast, Darwin, Far North, Gold Coast, Hobart, Hunter, Investment Strategies, Melbourne, National, New South Wales, North Coast, Perth, Property, Property Management, Property Prices, Queensland, Regional, Social Housing, South, South Coast, South West, Sunshine Coast, Victoria, Western Australia

Rental Reality Bites: How Much Dough Aussies Need Now

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Rental Affordability Crisis Demands Industry Attention

A recent report reveals the escalating rental affordability crisis in Australia, indicating a single person now requires a $130,000 annual income to afford average rentals. The "Priced Out" report highlights that rental stress is impacting even middle-to-high income earners, extending beyond traditional low-income demographics. This is exacerbated by a national housing shortage, with some areas seeing extreme shortages.

The report identifies significant regional disparities – Northern WA (55%), Gold Coast (54%), and Sydney (48%) face the highest rental stress, measured as a percentage of income spent on rent.

Industry perspectives vary. Everybody's Home advocates for increased social housing investment and reform of investor tax incentives like negative gearing. Conversely, the REIA argues negative gearing is vital for rental supply. The Property Council of Australia highlights a significant shortfall in the National Housing Accord target, projecting a shortage of 462,000 homes by 2029, which could save renters $90/week if addressed.

For Australian property professionals, these trends demand attention. Real estate agents must manage expectations for both landlords and tenants. Property managers face challenges balancing landlord returns with tenant affordability. Developers should explore opportunities in affordable housing. Investors must carefully assess yields, vacancy rates, and potential policy changes. This underlines the need for a multi-faceted approach to ensure secure and affordable housing for all Australians.

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Tuesday March 18, 2025Tuesday March 18, 2025Affordable Housing, Affordable Housing, Brisbane, Central Coast, Darwin, Dispute Resolution, Far North, Gold Coast, Hobart, Hunter, Maintenance, Melbourne, National, New South Wales, North Coast, Perth, Property, Queensland, Regional, Residential, Social Housing, South, South Coast, South West, State, Sunshine Coast, Tenant Rights, Training, Victoria

Rent Crisis: Staggering Sum Now Needed for Average Aussie Lease

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Australia's Rent Crisis: Implications for Property Professionals

The "2025 Priced Out" report, analysed by the Australian Property Network (APN) Consumer Affairs Team, highlights the escalating rent crisis in Australia. Rental stress is no longer limited to low-income earners; even individuals earning $100,000 per year struggle to find affordable housing. This crisis necessitates a thorough understanding of tenant rights and responsibilities by property professionals.

State and territory legislation organises rent increases, bond management, repairs, and eviction procedures. Property professionals must prioritise ethical conduct, including transparent communication, fair rent setting, and prompt responses to maintenance requests. We must familiarise ourselves with all legislative requirements to avoid legal issues.

The report identifies a significant shortfall in meeting housing targets, exacerbating affordability. Advocacy groups are calling for increased social housing investment and reforms to investor tax benefits. The Property Council also emphasises boosting housing supply. It is crucial to recognise the impact of these financial pressures and to act with empathy. Ongoing vigilance and proactive measures are essential; the industry must realise its responsibility in contributing to a more equitable rental market. Regular training sessions are necessary to organise our team for updated regulations.

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Monday March 17, 2025Monday March 17, 2025Adelaide, Analysis, Brisbane, Darwin, Growth, Hobart, House, Investment Strategies, Melbourne, Perth, Property, Regional

Outdated Property Advice: Lessons for Today’s Market

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Outdated Property Advice: Lessons for Today’s Market A decade after former Treasurer Joe Hockey advised Australians to pursue “a good job that pays good money” to buy a house, new analysis from The Australia Institute highlights the limitations of this advice in the current Australian property market. Analysis of Saving Targets The Australia Institute’s Chief...

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Sunday March 16, 2025Sunday March 16, 2025Adelaide, Affordable Housing, Affordable Housing, Brisbane, Employment, Global, Growth, Hobart, Inflation, Infrastructure, Insurance, Interest Rates, Investment Strategies, Local, Melbourne, National, Perth, Property, Regional, Victoria, Western Australia

Affordable Housing Boost? New PBS Drugs & Scooting Crime Dampen Spirits

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The Australian property market presents a mixed picture, with rebounding auction activity juxtaposed against persistent affordability challenges and external economic uncertainties. CoreLogic data indicates increased auction volumes, but preliminary clearance rates are slightly down year-on-year, reflecting the impact of higher interest rates and cost-of-living pressures. Significant variations exist across capital cities, highlighting the need for localised market analysis. Agents should prioritize realistic pricing and ethical practices to manage vendor expectations. Investors must carefully assess local conditions, vacancy rates, and rental yields before making decisions.

A stable jobs market, defying RBA expectations, supports rental demand, but economic headwinds like potential US tariffs need monitoring. Real estate, like all sectors, is affected and so agents should advise their clients about these economic changes. Global events could impact the Australian dollar and interest rates, influencing borrowing costs. Some relief to household budgets may stem from expansion of the Pharmaceutical Benefits Scheme. The market demands vigilance regarding bushfire risks and property security, as seen in recent reports of burglaries.

For Australian property professionals, this means understanding local nuances, advising clients on realistic pricing in a complex economic environment, and carefully assessing risks and opportunities amidst ongoing affordability concerns.

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Sunday March 16, 2025Sunday March 16, 2025Adelaide, Affordable Housing, Affordable Housing, Brisbane, Commercial, Employment, Global, Growth, Hobart, Insurance, Interest Rates, Maintenance, Melbourne, National, Perth, Property, Regional, State, Tasmania

Affordable Housing Boost: New Scheme Aims to Tackle Aussie Rental Crisis

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The Australian property market shows resilience amidst global economic uncertainties, with strong auction activity and a robust jobs market. Auction volumes increased significantly compared to the previous week, with preliminary national clearance rates averaging 69.1%. Sydney (71.4%) and Melbourne (70.3%) led with strong clearance rates, while Brisbane (59%) and Canberra (57.4%) indicated more balanced markets. For property professionals, this highlights the need for localized data analysis to tailor advice. A resilient jobs market, with a projected 4.1% unemployment rate, supports consumer confidence and housing demand. However, potential tariff impacts and RBA rate decisions introduce uncertainty. Real estate agents should prepare clients for possible interest rate changes and communicate effectively to maintain market confidence. Furthermore, increasing extreme weather events like bushfires and heatwaves underscore the growing relevance of climate change resilience. Developers should consider fire-resistant building materials, and agents should educate buyers on risks and benefits related to properties in danger zones. Property managers also have a role to play in promoting energy conscious practices.

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Friday March 14, 2025Friday March 14, 2025Adelaide, Affordable Housing, Affordable Housing, Brisbane, Growth, Hobart, Infrastructure, Melbourne, National, New South Wales, Office, Perth, Property, Queensland, Regional, Rural, South, Sustainability

Oz Property Post-COVID: The Great Reshuffle Revealed

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The Great Reshuffle: Post-COVID Property Market Shifts Impact Australian Pros

A new CoreLogic report reveals dramatic shifts in the Australian property market since March 2020. National home values have surged by 38.4%, outpacing wage growth and exacerbating affordability challenges.

Regional markets have significantly outperformed capital cities (56.3% vs 33.6% growth), driven by remote work trends and affordability. Queensland and NSW lifestyle regions initially led the charge, with rural Queensland/coastal WA now experiencing strong growth. Perth, Adelaide, and Brisbane led capital city performance, while Melbourne lagged due to extended lockdowns and higher property taxes. Perth saw the largest overall dollar increase. Brisbane has now climbed to second most expensive capital, surpassing Melbourne and ACT.

The rental market has also boomed, with national rents up 37.6% – a stark contrast to pre-pandemic figures. Regional rents continue to outpace capital cities and Perth recorded the largest rental increase. Hobart and the ACT were the only regions that recorded declining rents compared to the previous five-year period.

For Australian property professionals: Agents need to understand evolving buyer demographics in regional areas. Investors should assess the long-term growth prospects in diverse regions. Property managers face the challenge of balancing rising rents/tenant retention amid calls for increased Commonwealth Rent Assistance. These shifts present challenges and opportunities for those working in a rapidly evolving market.

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Friday March 14, 2025Friday March 14, 2025Adelaide, Brisbane, Darwin, Due Diligence, Government Policies, Growth, Hobart, House, Infrastructure, Melbourne, Perth, Property, Property Management, Property Prices, Regional, South, Sustainability

Booming Bargains: Affordable Suburbs Bucking the Trend and What It Means for Aussie Buyers.

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Australian homebuyers are increasingly turning to affordable suburbs where property prices are defying overall trends and experiencing significant growth, driven by affordability pressures and rising living costs. According to the PropTrack Home Price Index, while the national median home price rose, certain budget-friendly areas offer opportunities. This presents a mixed bag for the industry.

Sydney's Fairfield saw house price growth of nearly 23%, while West Footscray in Melbourne led unit growth with over 24%. Brisbane's Tivoli surged 36.6% in house prices and Adelaide's Salisbury East saw unit growth of 55%. Perth demonstrated the strongest overall growth, with Medina house prices increasing by over 47%. Hobart's market was more subdued, while Canberra showed strong unit growth in Reid. Darwin's Moulden led house price increases.

For Australian property professionals, this highlights key themes: affordability driving demand to outer suburbs and units, significant regional variations in market performance, and the strength of the unit market in many cities. Real estate agents should focus on highlighting the value proposition of these growth areas to clients. Property managers need to adjust rental strategies to capitalize on increased demand and potential yield improvements in high-growth unit areas. Developers should consider opportunities for new unit projects in areas experiencing rapid price appreciation, particularly targeting first-time buyers and investors. Further inquiry is needed to assess the sustainability of this growth, the impact of infrastructure development, demographic shifts, and future interest rate decisions.

West Hobart Tasmania
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Friday March 14, 2025Friday March 14, 2025Growth, Hobart, House, Infrastructure, Local, Property, Residential, Sustainability

Exploring West Hobart: A Hidden Gem of Culture, Cuisine, and Community

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Welcome to the Neighbourhood Nestled beneath the towering Mount Wellington, West Hobart is a charming enclave that combines stunning natural beauty with a vibrant community spirit. Known for its leafy streets, eclectic architecture, and warm, welcoming locals, this suburb is more than just a place to live—it’s a lifestyle choice. Whether you’re drawn in by...

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Thursday March 13, 2025Thursday March 13, 2025Adelaide, Affordable Housing, Affordable Housing, Brisbane, Commercial, Decline, Due Diligence, Government Policies, Growth, Hobart, Interest Rates, Investment Strategies, Local, Melbourne, Perth, Property, Property Prices, Regional, Residential, Retail, Sustainability

Aussie Wealth Check: Where Does Your Home Stack Up, and What Does It Mean for Affordable Housing?

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Australia's household wealth has surged to $17.2 trillion, translating to $623,000 per person, according to recent data. However, this impressive figure masks concerning trends relevant to Australian property professionals. Growth is slowing, influenced by stagnating property prices and volatile share markets, highlighting the interconnectedness of the economy. Residential property, valued at $11.1 trillion, remains the cornerstone of wealth, but affordability is a growing challenge, particularly in previously booming cities like Brisbane and Adelaide.

Superannuation assets are booming, nearing $4.2 trillion, while SMSFs, though growing in number, are underperforming due to a heavy reliance on domestic assets and limited international diversification. Residential property makes the majority of SMSF holdings, meaning fund investors need to diversify accordingly. A high household debt-to-income ratio of 198% poses a further risk, suggesting a reliance on asset price appreciation.

For property professionals, this means advising realistic price expectations, managing rental affordability, and considering slower price growth in new developments. Real estate agents can target SMSF investors seeking commercial properties, and financial advisors must emphasize portfolio diversification. Success hinges on monitoring interest rate fluctuations, government policies, and understanding the interplay between property, superannuation, and the broader economy to navigate potential headwinds.

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Wednesday March 12, 2025Wednesday March 12, 2025Decline, Growth, Hobart, House, Melbourne, National, Negotiation, North East, Property, Regional, State

Bellwether Markets Signal House Price Recovery Across Australia

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Australian property prices are showing signs of a potential turnaround, particularly in high-end segments. CoreLogic data reveals a slight national dip (-0.1%) in the March 2025 quarter, with capital city markets declining (-0.4%) but regional areas seeing growth (1.0%). However, high-end properties are experiencing a recovery, with February's upper quartile prices rising (0.2%), reversing January's decline. This suggests potential momentum for the overall market. Factors like lowered mortgage rates and improved buyer sentiment are driving this turnaround, particularly affecting high-end markets where finance availability is key. Sydney's high-end eastern suburbs and Melbourne's Stonnington East region are showing the most pronounced recovery. While some caution is warranted, given a slight dip in auction clearance rates and longer listing times, the current data points towards a potential stabilisation, presenting both buyer and seller opportunities. Australian property professionals should monitor the specific regional and price segment trends to adapt strategies.

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Wednesday March 12, 2025Wednesday March 12, 2025Analysis, Building Codes, Energy Efficiency, Energy Efficiency, Green Building, Growth, Hobart, Local, Planning, Planning Regulations, Property, Sustainability, Tasmania, Zoning

AMG GT 63’s Luxury Appeal: What it Means for High-End Property

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The 2025 Mercedes-AMG GT 63 4Matic+ offers Australian property professionals a potent blend of performance and luxury. Its 430kW twin-turbo V8 delivers exhilarating acceleration and a captivating soundtrack, complemented by all-wheel drive and drift mode. A luxurious interior boasts AMG’s Hyper Analogue cockpit and surprisingly generous cargo space. However, starting at $370,400 (plus on-roads, easily exceeding $400,000 with options), it competes with rivals like the Porsche 911 GTS. While the GT 63 impresses with its innovative hydraulic suspension and active rear-wheel steering, its weight (over 1900kg) and hefty running costs are notable considerations. Ultimately, the GT 63 is a statement of combustion-powered opulence, best suited for those prioritizing thrilling performance and luxury amenities over outright driving dynamics and cost-efficiency.

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Tuesday March 11, 2025Tuesday March 11, 2025Adelaide, Agricultural, Analysis, Bendigo, Commercial, Decline, Gold Coast, Hobart, Industrial, Infrastructure, Land, Local, Maintenance, Melbourne, National, North West, Perth, Property, Regional, Residential, Retail, South, Specialised, State, Victoria

Gone Skateboarding: Aussie Ice Rinks Melt Away, Leaving Property Opportunities?

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Gone Skateboarding: Aussie Ice Rinks Melt Away, Leaving Property Opportunities? Australia, once home to more than 40 ice-skating rinks, has seen the number dwindle to approximately 20. This decline presents both challenges and opportunities for property professionals. What factors have contributed to this chilling trend, and what becomes of the significant real estate these rinks...

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Monday March 10, 2025Monday March 10, 2025Commercial, Economic Factors, Global, Hobart, Industrial, Interest Rates, Investment Strategies, Leasing, Office, Perspective, Property, Residential, Retail

Chinese Naval Activity: Implications for Aussie Property

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Chinese naval vessels, including the frigate Hengyang, cruiser Zunyi, and replenishment ship Weishanhu, are currently operating within Australia's Exclusive Economic Zone (EEZ), approximately 300km east of Hobart. This presence, while within international legal boundaries for freedom of navigation, warrants attention from Australian property professionals. Increased geopolitical activity in the region could influence market sentiment and potentially impact investment, particularly in sensitive sectors like infrastructure and coastal properties. While Defence monitors the situation and encourages open communication, professionals should remain aware of these developments and their potential flow-on effects to the Australian property market.

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Monday March 10, 2025Monday March 10, 2025Affordable Housing, Affordable Housing, Analysis, Government Policies, Growth, Hobart, House, Infrastructure, Local, Murray, National, Northern Territory, Perspective, Perth, Planning, Planning Regulations, Property, Regional, State, Tasmania, Western Australia

Rent Pain: Battleground Seats Hit Hardest Since Last Election

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Rental Crisis Deepens: Impact on Key Australian Electorates and Property Professionals

A recent analysis from PropTrack reveals escalating rents in key Australian electorates, potentially influencing voter sentiment in the upcoming federal election. Rents have surged by over 50% since 2022 in several Perth and Sydney electorates, disproportionately impacting renters and making housing affordability a central issue. Perth suburbs like Burt & Swan have seen the greatest increases.

For property professionals, this translates to:

  • Real estate agents: Increased pressure from tenants struggling to afford rent, necessitating advising landlords on achieving returns while managing potential vacancy.
  • Property managers: Rising tenant turnover & the challenge of balancing landlord expectations with tenant affordability. Staying updated of changing policy and regulations.
  • Developers: Opportunity for new, diverse housing projects, including affordable housing options, but considerations of oversupply and infrastructure limitations are vital.
  • Investors: Careful analysis of yields, vacancy rates, and growth potential across regions is crucial for informed decision-making, with diversification becoming more critical.

Drivers of this growth include tight availability, strong population increase (particularly in WA), and the ongoing cost of living pressures pushing renters to seek more affordable locations. Alternative viewpoints also point to government policies like negative gearing impacting rental supply. The report highlights the need for tailored strategies, acknowledging regional differences like WA's strong population growth and Sydney's status as the least affordable rental market. This situation presents both challenges and opportunities, underscoring the need for informed decision-making and proactive client advisory services.

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Sunday March 9, 2025Sunday March 9, 2025Analysis, Commercial, Hobart, Industrial, Inflation, Infrastructure, Interest Rates, Market Reports, Planning, Property, Regional, Residential

Chinese Naval Activity: Implications for Aussie Property Markets

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Chinese naval vessels, including the frigate Hengyang, cruiser Zunyi, and replenishment vessel Weishanhu, are currently operating within Australia's Exclusive Economic Zone (EEZ), approximately 296km east of Hobart. This marks their re-entry into the EEZ following earlier operations. While the presence of these vessels might not directly impact property markets, Australian professionals, particularly those involved in coastal or strategically significant developments, should be aware of this activity. Defence is actively monitoring the situation and coordinating with New Zealand counterparts. While Australia respects freedom of navigation within international waters, the PLA-N's presence underscores the evolving geopolitical landscape in the region, a factor that could indirectly influence future investment and development decisions.

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Saturday March 8, 2025Saturday March 8, 2025Analysis, Brisbane, Hobart, Insurance, Local, Property, Property Prices, South

Pacific Encounter Cancellation Impacts Coastal Property Market

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Ex-Tropical Cyclone Alfred's impact on Queensland has forced the closure of the Port of Brisbane, causing significant disruptions. P&O Cruises Australia cancelled Pacific Encounter's final voyage, scheduled to depart Brisbane on March 8th. This closure impacts the broader logistics chain, relevant to Australian property professionals reliant on port operations. The port is expected to undergo assessment on March 9th, with cruise ships permitted to return afterward. The cancellation of the cruise highlights the vulnerability of coastal operations to extreme weather events, a factor for property professionals to consider in risk assessments and development planning in coastal regions. P&O Cruises confirmed full refunds for affected passengers. This incident underscores the importance of business continuity planning for those operating within or connected to port infrastructure.

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Saturday March 8, 2025Saturday March 8, 2025Employment, Hobart, National, New South Wales, Property, South, South Australia, Tasmania, Victoria, Western Australia

Dodgy Tats and Property: Removing the Stigma

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Visible tattoos can create barriers to employment and social inclusion. This is relevant for Australian property professionals who interact with diverse clientele. A Hobart case study highlights how tattoo removal can positively impact an individual's job prospects and confidence. Hobart City Mission, through a holistic support approach, funded tattoo removal for a client named Adam, significantly improving his self-esteem and future employment opportunities. This case demonstrates the broader social impact initiatives can have, and professionals in the property sector should be aware of such programs like the Fresh Start Program, which offers discounted or free tattoo removal services nationally to those facing barriers to employment, housing, and social integration. This understanding can foster more inclusive practices within the industry.

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Saturday March 8, 2025Saturday March 8, 2025Analysis, Brisbane, Commercial, Decline, Employment, Growth, Hobart, Melbourne, National, Office, Perth, Property, Property Prices, Specialised

CBA Tech Job Cuts Amid Record Profit: Property Sector Implications

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Commonwealth Bank's AU$5.13 billion half-year profit announcement has been overshadowed by the controversial axing of 164 technology jobs, impacting roles across Australia, including Sydney, Melbourne, Brisbane, and Perth. For Australian property professionals, this news highlights the ongoing digital transformation within the finance sector and its potential employment ramifications. While CBA cites the need for advanced digital skills and improved customer service, the Finance Sector Union argues the cuts contradict the bank's stated skills shortage and commitment to digital talent. This disconnect between rhetoric and reality warrants attention, particularly as property professionals increasingly rely on digital platforms and fintech solutions. CBA's substantial investment in technology alongside job cuts underscores the changing skills landscape, emphasizing the need for continuous professional development within the property sector.

vipp brings danish design to tasmania with brutalist guesthouse
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Friday March 7, 2025Friday March 7, 2025Building Codes, Hobart, Interior Design, Local, Maintenance, Prefabrication, Prefabrication, Property, Quality Control, Sustainability, Tasmania

Danish Prefab Makes Brutalist Statement in Tassie Guesthouse

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Hobart-based Room11 Architects have designed a striking off-grid guesthouse for Danish brand Vipp on Tasmania's Bruny Island. The "Vipp Tunnel," a 30-meter concrete structure cantilevered over the landscape, showcases innovative sustainable design. Its western facade, entirely composed of solar panels, powers the building, potentially a first in this application. The minimalist interior features Vipp's signature aluminum kitchen and furnishings, complemented by Australian sheepskin upholstery. This project highlights the potential for blending brutalist design with environmentally conscious construction and luxury finishes, offering inspiration for Australian property professionals seeking cutting-edge, sustainable building solutions. The integration of art, through Lin Utzon's sculptures, further elevates the project, demonstrating the power of combining design disciplines.

rural tourism
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Friday March 7, 2025Friday March 7, 2025Agricultural, Global, Hobart, Insight, Land, Local, National, National Perspective, Pastoral, Perspective, Property, Queensland, Rural, South, State, Sustainability, Tasmania

Exploring Australia’s Pastoral Heartlands: The Thriving Rural Tourism Scene and the Rewards of Working the Land in Iconic Regions Like Queensland’s Outback and Tasmania’s Rolling Hills

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Exploring Australia’s Pastoral Heartlands: The Thriving Rural Tourism Scene and the Rewards of Working the Land in Iconic Regions Like Queensland’s Outback and Tasmania’s Rolling Hills By APN National Perspective This information is for general guidance only and not financial advice. Introduction As the sun rises over the iconic red dust of Queensland’s Outback or...

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Friday March 7, 2025Friday March 7, 2025Brisbane, Employment, Hobart, Interest Rates, Melbourne, National, Perth, Property

CBA Job Cuts Signal Shift in Property Lending Landscape?

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Commonwealth Bank (CBA) is reducing its technology workforce by over 100 roles, primarily in Sydney, but also impacting Melbourne, Brisbane, Perth, Hobart, and Tweed Heads. This move comes despite CBA reporting a 6% profit increase to $45.1 billion for the latter half of 2024 and a $1.1 billion investment in technology this year. While emphasizing a commitment to "upskilling" and redeployment, the cuts have drawn criticism from the Finance Sector Union, questioning the bank’s strategy given its stated need for digital talent. For Australian property professionals, this highlights the ongoing digital transformation within the finance sector and the potential impact on related industries. CBA's focus on delivering faster digital customer experiences suggests a continued shift towards online services and a need for property professionals to adapt to digitally-driven client interactions.

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Friday March 7, 2025Friday March 7, 2025Agricultural, Decline, Hobart, Infrastructure, Perspective, Property, Regional, Rural

Chinese Naval Activity: Implications for Aussie Property

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Chinese PLA-N warships are currently operating within Australia's Exclusive Economic Zone (EEZ), approximately 300km east of Hobart. This naval task group, consisting of a frigate, cruiser, and replenishment vessel, re-entered the EEZ early on February 25th, 2025. While their presence is within international legal boundaries for freedom of navigation, Australian Defence is actively monitoring the situation and coordinating with New Zealand counterparts. This activity underscores the geopolitical dynamics impacting the region and reinforces the importance of maritime security awareness for Australian property professionals, particularly those involved in coastal or port-related developments.

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Friday March 7, 2025Friday March 7, 2025Brisbane, Government Policies, Growth, Hobart, Investment Strategies, Property

Tomljanovic Retirement Impacts Aussie Property Sentiment

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Disappointing news from Indian Wells for Australian tennis fans, and a potential point of discussion for property professionals observing athlete career trajectory and resilience. Ajla Tomljanovic, recently back in the top 100 after a strong showing in Austin, retired mid-match against Catherine McNally due to an unspecified injury. This setback follows a knee problem late last year which disrupted her Australian Open preparation. The 31-year-old's ongoing injury struggles highlight the unpredictable nature of a professional athlete's career, mirroring the fluctuating market conditions property professionals navigate. Fellow Aussie Maya Joint also exited the tournament, losing in straight sets.

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Friday March 7, 2025Friday March 7, 2025Commercial, Global, Growth, Hobart, Industrial, Interest Rates, Property, Regional, Residential

Chinese Naval Presence: Implications for Aussie Property Markets

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Chinese naval vessels, including a frigate, cruiser, and replenishment ship, are currently operating within Australia's Exclusive Economic Zone (EEZ), approximately 300km east of Hobart. This activity, while within international law regarding freedom of navigation, is being closely monitored by Australian Defence in coordination with New Zealand. For Australian property professionals, this highlights the geopolitical complexities impacting the region and underscores the importance of staying informed about potential influences on market stability and investment decisions. Although there is currently no direct threat, the presence serves as a reminder of the dynamic security environment and its potential to indirectly affect economic conditions.

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Thursday March 6, 2025Thursday March 6, 2025Analysis, Brisbane, Employment, Growth, Hobart, Melbourne, National, Perth, Planning, Property, Specialised

CBA Tech Job Cuts: Potential Impact on Property Market

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Commonwealth Bank, Australia's largest company, is set to cut over 100 tech jobs, primarily in Sydney, but affecting other major cities as well. While the bank cites the need for "enhanced skill-sets" for faster digital delivery, the Finance Sector Union questions the move given CBA's recent pronouncements on skills shortages and investment in tech talent. For Australian property professionals, this highlights the ongoing shift in the finance sector, with a focus on digital transformation and potential impacts on related industries. Despite reporting strong profits and significant technology investments, even major institutions are restructuring their workforces, emphasizing the need for adaptability and upskilling within the property sector as it interacts with evolving financial services.

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Wednesday March 5, 2025Wednesday March 5, 2025Adelaide, Brisbane, Government Policies, Growth, Hobart, House, Interest Rates, Melbourne, National, Property, Regional, South, South Australia

Home Values Surge $84k: Insights for Australian Investors

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PropTrack's latest Home Price Index reveals mixed news for Australian property professionals. While homeowners in all capital cities except Hobart saw price increases last month, particularly in Sydney (0.5% rise) and Melbourne (0.68% rise), these gains are a significant blow to those attempting to enter the market, given continued affordability challenges. Sydney's price rebound, following a period of decline, is attributed to recent interest rate cuts. Brisbane's median house value is rapidly approaching $1 million, showcasing strong growth despite already exceeding this mark on the Gold and Sunshine Coasts. Adelaide also experienced price increases, but the overall trend highlights the widening gap in affordability across the country, creating a challenging environment for first-home buyers and investors alike.

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Wednesday March 5, 2025Wednesday March 5, 2025Adelaide, Analysis, Brisbane, Forecasts, Global, Gold Coast, Growth, Hobart, House, Inflation, Interest Rates, Melbourne, National, Perspective, Perth, Property, Property Prices, Regional, South, Tasmania

Aussie Homeowners Face Property Market Reality Check

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Australian property professionals should take note of the positive signs emerging this Autumn selling season. Auction clearance rates are hovering around a healthy mid-65%, comparable to Spring 2022, and while higher March volumes may test this strength, the recent RBA rate cut is expected to boost buyer confidence. While the 0.25% cut itself won't drastically impact borrowing power, it signals a potential downward trend in rates, prompting a likely spike in buyer activity. However, the RBA has cautioned against expecting rapid further cuts, urging buyers to budget cautiously. This market presents an opportunity: price weaknesses observed since November in Sydney, Melbourne, Hobart, and Canberra, alongside slowed growth in Perth, Brisbane, and Adelaide, offer buyers a window. CoreLogic research demonstrates a strong correlation between rate cuts and rising house values, particularly in popular family suburbs, making this Autumn a potentially opportune time for buyers to secure a property before anticipated price increases.

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Wednesday March 5, 2025Wednesday March 5, 2025Hobart, Market Reports, Property, Regional

Chinese Naval Activity: Potential Implications for Aussie Property Markets

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Chinese naval vessels, including the frigate Hengyang, cruiser Zunyi, and replenishment ship Weishanhu, are currently operating within Australia's Exclusive Economic Zone (EEZ), approximately 300km east of Hobart. This follows a previous entry and exit from the EEZ. While the presence of PLA-N Task Group 107 is being monitored by Australian Defence in coordination with New Zealand, it underscores the geopolitical dynamics impacting the region. Australian property professionals should be aware of such activities as they can influence market sentiment and potentially impact investment decisions, particularly in strategically sensitive areas. Though operating within international law, this activity highlights the importance of understanding broader regional security contexts for informed market analysis.

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Tuesday March 4, 2025Tuesday March 4, 2025Adelaide, Analysis, Brisbane, Decline, Economic Factors, Global, Growth, Hobart, Interest Rates, Local, Melbourne, Planning, Property

Rate Cut Fuels Aussie Housing Market: New Strategies for Investors

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Australia's housing market is experiencing a resurgence, driven by the RBA's recent interest rate cut and anticipated further reductions. CoreLogic data shows a strong rebound in dwelling values, with Sydney and Melbourne leading the increase. Nationally, values rose 0.3% in the past 28 days, a marked shift from the 0.5% decline late last year. This is boosting auction clearance rates, and vendors are taking advantage, with property listings increasing significantly (2.3% in February). Sydney and Melbourne saw the most substantial monthly increases in listings, while other capital cities also experienced growth. This rise in supply, coupled with pent-up demand and reduced borrowing costs, suggests another housing market upswing. Australian property professionals should monitor these trends closely, recognizing the potential for rising values and increased buyer activity.

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Tuesday March 4, 2025Tuesday March 4, 2025Affordable Housing, Affordable Housing, Analysis, Decline, Due Diligence, Government Policies, Growth, Hobart, House, Inflation, Interest Rates, Local, Melbourne, National, New South Wales, Perspective, Planning, Property, Property Prices, Queensland, Regional, South, South Australia, State, Sustainability, Tasmania

Housing Costs Split Aussie Families: The Affordability Squeeze

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Excerpt:

A recent ABC News article highlights a growing trend impacting the Australian property market: affordability-driven interstate migration. The story of a family relocating from unaffordable NSW to Tasmania to achieve homeownership exemplifies a wider shift. Soaring property prices in capital cities like Sydney and Melbourne, contrasted with more affordable markets like Hobart, are pushing Australians to consider interstate moves. This trend, exacerbated by rising interest rates, presents both challenges and opportunities for property professionals.

For real estate agents, it means navigating client interest in interstate markets and advising on affordability-driven relocations. Property managers face evolving rental market dynamics in both departing capital cities and growing regional centres. Developers should consider opportunities in affordable regions catering to migrating populations, while investors need to reassess portfolios, exploring potential in regional growth areas, but with careful due diligence.

This migration trend underscores a fundamental shift in the Australian property landscape, demanding that professionals adapt to the changing needs and priorities of buyers, renters, developers, and investors in an era defined by the affordability crisis and its geographic consequences. Understanding these dynamics is crucial for navigating the evolving market and serving clients effectively across the nation.

Source: abc.net.au

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Tuesday March 4, 2025Tuesday March 4, 2025Adelaide, Analysis, Brisbane, Central Queensland, Due Diligence, First Home Buyers, Gold Coast, Growth, Hobart, House, Infrastructure, Interest Rates, Local, Mackay-Isaac-Whitsunday, Melbourne, Property, Queensland, South, State, Sunshine Coast, Sustainability

Aussie Home Values Jump $84k: Boom or Blip for Property Pros?

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The latest PropTrack Home Price Index reveals rising property values across most Australian capital cities, impacting property professionals in diverse ways. Sydney saw a resurgence driven by anticipation of interest rate cuts, highlighting the market’s sensitivity. Brisbane's median house value is nearing $1 million, fueled by interstate migration and Olympics-related investment, though sustainability is a concern. Melbourne led national growth in February, but remains below prior-year values, indicating an early-stage recovery. Adelaide’s strong growth continues, exacerbating affordability issues.

For Australian property professionals, this data underscores the need for localised market knowledge. Agents must provide data-driven advice, while property managers need to optimise rental returns. Developers require careful feasibility assessments, considering construction costs and interest rate impacts. Investors should diversify portfolios and conduct thorough due diligence. Staying informed and adapting to these dynamic trends is crucial for navigating the complex Australian property landscape, offering both challenges and opportunities for industry success.

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Tuesday March 4, 2025Tuesday March 4, 2025Adelaide, Affordable Housing, Affordable Housing, Brisbane, Building Trends, Central Queensland, Gold Coast, Growth, Hobart, House, Land, Mackay-Isaac-Whitsunday, Melbourne, Perspective, Planning, Property, Property Prices, Queensland, Residential, Sunshine Coast

Annual Home Value Surge: Digging Deeper Than the $84k Headline

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PropTrack's latest Home Price Index reveals a mixed Australian property market, presenting both opportunities and challenges for property professionals. While most capital cities, excluding Hobart, saw rising values, spurred by factors like potential interest rate cuts (especially in resurgent Sydney), affordability remains a concern.

Brisbane is nearing a $1 million median house price, with Gold and Sunshine Coasts already exceeding it, signaling strong demand growth in lifestyle locations boosting construction. Melbourne leads the nation in house price growth recovery, offering prospects for renovation and unit developers, but necessitating careful cost management.

Adelaide continues its upward trajectory, pushing entry-level house prices towards $850,000 and creating a need for efficient construction and affordable housing solutions. These conditions, coupled with materials costs and supply challenges, indicate a critical period where innovative building and council logistic practices will be crucial. The report underscores the evolving dynamics of each state's market and the need for localised strategies.

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Tuesday March 4, 2025Tuesday March 4, 2025Analysis, Decline, Growth, Hobart, House, Investment Strategies, Melbourne, National, Property, Residential

Rate Cut Fuels Housing Market Recovery: Insights for Australian Professionals

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Australia's property market saw a modest recovery in February, with prices rising 0.3% nationally. While the first rate cut in four years boosted buyer sentiment, CoreLogic's Tim Lawless warns that the impact is primarily psychological, not indicative of substantial improvement in borrowing capacity. Elevated interest rates and prices still cast a shadow on the outlook. Melbourne and Hobart, which experienced significant price declines in the past year, saw the strongest rebound, highlighting potential for stronger future growth in previously weakened areas. Despite the uptick, the Reserve Bank of Australia anticipates a gradual easing of interest rates, with only a few more cuts expected this year. Australian property professionals should monitor the gradual recovery, acknowledging the persistent affordability pressures and restrained growth trajectory. Improved home loan serviceability is crucial for a sustained upswing in the market.

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Tuesday March 4, 2025Tuesday March 4, 2025Decline, Growth, Hobart, Infrastructure, Interest Rates, Investment Strategies, Melbourne, National, Property, Regional

Aussie Housing Market Rebounds: Key Takeaways for Investors

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Australian property values rebounded slightly in February, rising 0.3%, reversing a three-month decline. While this marks a return to near-record highs, affordability remains a significant concern. Interest rates, currently at 4.1%, are significantly above historical averages (3.87% 1990-2025), and price-to-income ratios are near record lows. Despite the recent uptick, CoreLogic predicts sustained high rates and limited growth, unlike the rapid increases of previous years. The rebound was driven by markets like Melbourne and Hobart, showing a turnaround from recent declines. However, the lower end of the market saw minimal improvement in affordability, and limited new listings (down 4.7% YoY) are inhibiting supply growth. This shortage of supply, combined with ongoing high interest rates, creates persistent affordability challenges for Australian homeowners. Property professionals should anticipate a slow, consistent recovery, tempered by enduring affordability pressures and constrained market supply.

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Tuesday March 4, 2025Tuesday March 4, 2025Adelaide, Analysis, Brisbane, Gold Coast, Growth, Hobart, House, Inflation, Interest Rates, Melbourne, National, Perth, Property, Regional, South, Tasmania

Aussie Homeowner Outlook: Market Realities Bite

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Australian property professionals should take note: the Autumn selling season is showing positive early signs, with a national clearance rate around 65%. While the recent RBA rate cut may not drastically alter borrowing power, it signals a potential downward trend, boosting buyer confidence. This could translate to increased activity, particularly after several more cuts. However, the RBA Governor has cautioned against overly optimistic rate cut predictions. Property prices in many areas remain below peak levels, creating opportunities for buyers, especially in family-friendly suburbs historically sensitive to rate fluctuations. CoreLogic research reveals a strong correlation between rate cuts and price increases, with some suburbs experiencing substantial uplifts. Savvy professionals should advise clients to carefully assess budgets and consider capitalising on current market conditions before anticipated price rises.

Australian Property Network™