REAL ESTATE – QUEENSLAND – RESIDENTIAL

Brisbane on track to be second-most expensive city

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Original article by Mackenzie Scott
The Australian – Page: 3 : 1-May-24

Data from PropTrack shows that the median house price in Brisbane rose by nearly three per cent to $818,000 in the first four months of 2024. Brisbane now boasts Australia’s third-highest median house price, and Eleanor Creagh from PropTrack says the Queensland capital is likely to surpass Canberra if the current momentum in house price growth is sustained. Creagh notes that Brisbane has been one of the strongest housing markets since the onset of the COVID-19 pandemic. She says factors such as interstate migration and a limited supply of homes on the market have contributed to the price growth.

CORPORATES
PROPTRACK PTY LTD

Gold Coast property ‘the pick’ for 2016

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Original article by Matthew Cranston
The Australian Financial Review – Page: 2 : 25-Jan-16

Ray White Group’s joint chairman Brian White is upbeat about the outlook for the Gold Coast’s residential property market in 2016. He notes that the region is attracting growing interest from interstate buyers. Ray White sold more than $A27m worth of Gold Coast properties on 23 January, at the annual auction known as "The Event". The clearance rate was 53 per cent.

CORPORATES
RAY WHITE GROUP, SQM RESEARCH PTY LTD

Mining towns send investors broke

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Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 18-Aug-15

The mining towns of Moranbah and Dysart in Queensland’s Bowen Basin have experienced sharp falls in property prices. Figures from CoreLogic RP Data show that the median value of a home in Morbanah has declined 66 per cent in the past three years, from $A404,006 to $A251,933. During the mining boom, investors pushed prices to ridiculous levels but now demand is almost non-existent.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, BHP BILLITON LIMITED – ASX BHP, MORANBAH REAL ESTATE PTY LTD, ADANI ENTERPRISES LIMITED

Coal royalties plunge $3b in Queensland

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Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 25-Jun-15

Queensland Treasurer Curtis Pitt says the State Government will achieve an operating surplus in the next four years. However, the July 2015 Budget will include a $A2.988bn write-down of mining royalties over four years, due primarily to the slump in global coal prices. Pitt notes that state revenue will be bolstered by Queensland’s booming residential property market, and says the first-home owners grant will be retained in 2015-16.

CORPORATES
QUEENSLAND. TREASURY, AUSTRALIAN LABOR PARTY, STOCKLAND – ASX SGP, PROPERTY COUNCIL OF AUSTRALIA LIMITED

Lower $A draws local investors back to Hamilton Island

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Original article by Luke Malpass
The Australian Financial Review – Page: 3 : 17-Dec-14

New figures show that some $A54m worth of residential property has been sold on Hamilton Island in the last year, with turnover of properties reaching its highest level since 2007. Wayne Singleton of Hamilton Island Real Estate attributes the renewed interest to factors such as the falling value of the Australian dollar, low interest rates, the introduction of direct flights and improved infrastructure on the island

CORPORATES
HAMILTON ISLAND REAL ESTATE, AIRLIE BEACH AND WHITSUNDAY REAL ESTATE, RESERVE BANK OF AUSTRALIA