Realestate.com releases Apartment Hotspots List

Victoria has had the most searches for off the plan apartments nationally over the past three months, according to realestate.com.au’s New Apartment Hotspots list. . The following ten Australian suburbs have had the most views for off-the-plan apartments in the past three months: 1. Collingwood (VIC) 2. Hampton (VIC) 3. Lane Cove (NSW) 4. Mosman (NSW) 5. Melbourne CBD (VIC) 6. Brisbane City (QLD) 7. Rhodes (NSW) 8. Wollongong (NSW) 9. Carlton (VIC) 10. Richmond (VIC) Victoria has...
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Overseas Buyers Creating ‘Seismic Changes’

A Federal Government proposal to charge foreign buyers application fees each time they buy property in Australia is ‘tickling around the edges’ - and it won’t tackle the ‘seismic’ changes in Melbourne’s housing market. Mal James of James Buyer Advocates in Melbourne says 50 to 75 per cent of properties on the books of some real estate agents are now being sold to overseas buyers. He says the latest Government proposal won’t slow the influx of international buyers snapping up properties in Mel...
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Unit demand to remain strong with continuing under-supply forecasted

Australia’s chronic property shortage is set to be one of the key issues underlying the real estate market for years to come, and will drive up the demand for units, says the government’s housing supply advisory. According to the National Housing Supply Council’s recently released State of Supply Report 2011, Australia’s overall shortage of dwellings sits at 186,800 and is projected to hit 640,000 by 2030. In terms of sheer numbers, the largest housing shortfalls are in NSW and Queensland,...
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Western Sydney Property Prices to Outgrow the Nation

Western Sydney will prove to be one of the nation’s property investment hotspots next year, according to a recent report by SQM Research. The Western Sydney Regional Report, gives Sydney’s west a score of 4.25 stars out of five, and forecasts that the area will outperform most Australian regions next year. Western Sydney’s property prices are expected to grow by between 2.6% and 6.6% in 2012, says the report, thanks to various factors. These include: Significant regional development ov...
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Buying an Apartment: 5 Key Features to Look For

The timing has never been better to invest in property, with low interest rates and a depressed real estate market presenting a rash of opportunities for savvy buyers. And if you’re in the market to buy a unit, there are certain features you should look for to ensure that you stretch your dollar ever further, says Cate Dundon from www.buyersadvocate.com.au. To begin with, you need to do your research on your chosen areas using reputable data providers such as Residex or RP Data. “Targ...
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