Auction Clearance Rates – Week Ending 25th of July
Auction Clearance Rates – Week Ending 25th of July Auction clearance rates remain strong this week with many properties achieving very favourable results. There was a slight increase in clearance rates this week in Brisbane with a massive spike in realestate.com.au views since NSW and Victoria continue in lockdown. Understandably there were fewer homes taken […]
Weekly Market Update – Rental Market Update in the COVID Boom!
Rental Market Update in the COVID Boom! by Leigh Martinuzzi Rental vacancy rates across the nation haven’t looked this good for a long time. On the Sunshine Coast, the vacancy rates currently sit at 0.5% which is the lowest on record since 2005. Nationally the vacancy rates dopped a further 0.1% this month, down to […]
Auction Clearance Rates – Week Ending 17th of July
Auction Clearance Rates – Week Ending 17th of July Property prices continue to rise even though many of the capital cities continue business in lockdown. This week market prices continued to rise in our capital cities, up 0.3% in Melbourne and Sydney, which is slightly less than the previous week. In Brisbane the rise this […]
Weekly Market Wrap with Leigh Martinuzzi 15.07.2021
Weekly Market Wrap with Leigh Martinuzzi Lockdowns continue and we continue to see a significant lack of supply to keep up with buyer demand. Will we see prices rise a further 10% before the end of 2021? What is noticed is that even with lockdowns in Sydney prices are still on the rise and […]
Australia’s Building BOOM and Property Shortage Crisis
Australia’s Building BOOM and Property Shortage Crisis by Leigh Martinuzzi Last week I wrote about new building approvals with the thought that by the end of 2021 and into 2022, we may see an oversupply of properties. This was based on the fact that in Australia in April we saw an increase in new building […]
Auction Clearance Rates – Week Ending 11th of July
Auction Clearance Rates – Week Ending 11th of July Despite the lockdowns in Sydney this week clearance rates were only marginally down on last week’s number. Sydney reported that 22% of properties registered for auction were withdrawn while many sold prior to the auction. Despite all that buyer numbers are still very strong and […]
Weekly Real Estate Market Wrap with Leigh Martinuzzi
WOW!!! The 1st Half Year 2021 Property Market Results are in. Nationally for the first half of 2021 property prices have risen 13.5%. We are experiencing double-digit growth with many of the major banks predicting property price increases for 2021 at 16% or above. Combined capital cities reporting a 12.4% growth with regional areas […]
Auction Clearance Rates – Week Ending 4th of June.
Auction Clearance Rates Week Ending 4th of June. This week’s auction number reports across major capital cities were fewer than last with 1869 properties being taken to auction compared to last week’s tally of 2558 properties. Likely to do with recent lockdowns in Sydney and other areas. Canberra was the standout performer with clearance […]
Weekly Real Estate Market Update with Leigh Martinuzzi
Weekly Real Estate Market Update with Leigh Martinuzzi Regional Queensland Markets are seeing huge growth over the last 12 months with some areas reporting property price increases of over 40%. According to reports by realestate.com.au, Lake Macdonald has topped the charts recording an impressive increase in the median house price of 43.19% taking the […]
First Home Loan Deposit Scheme FHLDS Explained
First Home Loan Deposit Scheme FHLDS Explained The First Home Loan Deposit Scheme FHLDS is a government initiative helping first home buyers, both individuals and couples, enter the property market by allowing them to provide a minimal 5% deposit for the purchase price of the property. Effectively the lender’s mortgage insurance is covered by the […]