Tag: property insights

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Making sense of the real estate downturn

Making sense of the real estate downturn

Australia’s real estate market is undergoing a downturn, causing worry for property owners and investors.

Economic factors such as low interest rates, weakened economy, and tighter lending standards are affecting demand. Oversupply in certain areas, particularly in the apartment market, has led to decreased property prices. Moving from cities to regional areas has also impacted certain areas.

However, it’s important to note that the downturn is not affecting the entire country equally and some areas are still stable or growing. To make informed decisions about property ownership and investment, it’s crucial to understand the context of the market and not just focus on the downturn.

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Housing affordability: How other countries are tackling housing shortages

Housing affordability: How other countries are tackling housing shortages

REA Group and Proptrack economist Anne Flaherty explains how housing affordability and housing shortages has become an issue in recent years and what other countries, like New Zealand are doing to help, including lowering barriers for medium density development and build-to-rent developments to provide stability for renters.

0:37 What countries are struggling with housing affordability
1:48 Build-to-rent developments

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Is the great Australian dream of homeownership dead?

Is the great Australian dream of homeownership dead?

REA Group and Proptrack economist Anne Flaherty looks at falling rates of home ownership among Australians, rising house prices and the difficulties first home buyers have in saving a deposit.

0:25 Current state of housing affordability in Australia
1:26 Shifting home buyer perceptions

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Passive House: How this revolutionary modern development is changing the way we build

Passive House: How this revolutionary modern development is changing the way we build

Over the coming decades, Australia’s population is set to swell and by 2050, it’s likely to increase to somewhere between 34m- 41m people. By the same date, Australia has enshrined in law a commitment to achieve net zero carbon emissions.

Those millions of extra people are going to need somewhere to live — and millions of new homes are going to need to be constructed to house them. On the other hand, the country needs to find ways to dramatically reduce its carbon footprint and embrace a more sustainable way of living.

So, how are we going to get there? A innovative energy-efficient home design called the passive house is helping lead the way towards a lower carbon future.

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This jaw-dropping penthouse is sky high luxury living

This jaw-dropping penthouse is sky high luxury living

With priceless views stretching from the Botanic Gardens across to Port Phillip Bay and beyond, this glorious Melbourne penthouse offers sublime sky-high living.

Sitting atop the Prime Tower building, 6302/35 Queens Bridge Street in Southbank is the epitome of luxury – and of spacious living, at a very generous 530sqm.

Inspections are by appointment, with a price guide between $13 million to $14 million.

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Stamp duty reforms don’t go far enough to help homebuyers

Stamp duty reforms don't go far enough to help homebuyers

First homebuyers will be given the opportunity to choose between an upfront payment or a smaller annual property tax under reforms aimed at making home ownership more affordable in NSW.

The First Home Buyer Choice scheme is part of a multi-billion dollar housing package to be unveiled in the 2022-23 NSW Budget.

Under the new initiative, first homebuyers who opt into the property tax will pay an annual property tax of $400 plus 0.3 per cent of the land value of the property.

But while these reforms are a step in the right direction to bridge the affordability gap, they don’t go far enough as PropTrack economist Angus Moore explains.

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This luxury home is a Ferrari fan’s dream

This luxury home is a Ferrari fan's dream

An amazing mansion boasting a Ferrari-themed bar, vehicle turntable and custom-built prancing horse statue is set to drive up Keysborough’s record price by about $2m.

The spectacular double-storey house is being sold via expressions of interest with a $9.5m-$10m asking range.

Set on 2ha, the abode’s jaw-dropping drawcards include a pool, tennis court, putting green, half-basketball court, a kitchen mural showcasing the Las Vegas skyline and a home cinema featuring Dolby surround sound, tiered seating and a 3m-wide screen.

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