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Trust print to research your home

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Data is one thing that is oozing out of every corner of our modern lives. You can go to seminars, attend conferences, download reports, you can even point your smartphone at a property to find out its value, when it last sold, how much for and how frequently the owners eat take away. (okay, I made that last bit up).Moreton Investor, Property Management, Real estate Moreton, Mortgage Broker Moreton, Moreton property market,Moreton property prices

But how reliable and trustworthy is this information?

As a local newspaper lover, I was interested to read research, undertaken by News Ltd that asked the question: What is your most trusted source of information about real estate?

It revealed ‘family and friends’ is the most trusted source by 48 per cent of the respondents. But second and third came print media – well ahead of the remaining seven sources. Local papers were most trusted by 33 per cent of respondents, and metro newspapers most trusted by 27 per cent. Online classified sites were trusted by just 16 per cent as opposed to agents’ sites which were 14 per cent and agents scored nine per cent.

Now yes, it’s true, you’re probably reading this column in a newspaper or a newspaper website. But that actually just goes to prove my point. The world of journalism has been through some rocky times – but the one thing that has not changed is that newspapers are quite particular about labelling what is fact and what is opinion. And it is this clarity about how they handle information that makes them trustworthy.

But why is any of this important?

Well, the next time you are buying, or selling, and you think newspaper advertising for your property is unnecessary, consider what you could be missing out on – a core of potential buyers and sellers.

The research shows that the more serious property buyers become, the more media they consume, not less. To snare a buyer, you need them to bump into you unexpectedly as well as search you out intentionally.

The advantage of print is that a potential buyer could see your home even when they did not list your suburb on their internet search, or had filtered for three bedrooms plus, but then see your delightful two bedrooms plus study, fall in love and buy it. It really does happen.

The property world is littered with examples of vendors with a wish list for a perfect home who then chose something completely different.

 

 

Original Article published in www.news.com.au   by Andrew Winter  News.com.au  13/6/2013

Market Place

Where it’s cheaper to buy than rent in Queensland

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Where it’s cheaper to buy than rent in Queensland

HOUSING in Queensland is more affordable than it was a decade ago, with many areas now cheaper to buy a property in than to rent one.

A new report by ANZ and CoreLogic reveals household incomes have risen at a faster rate than home values in the Queensland capital – particularly in the last quarter of 2018.

It means the housing market is more affordable for those buying or saving for a deposit.

Greater Brisbane suburbs like Beenleigh, Caboolture, Springwood and Ipswich are now more expensive to rent in than to pay off a mortgage.

Where it’s cheaper to buy than rent in Queensland 1

In regional Queensland, housing affordability is even greater, with most areas from the Darling Downs to Cairns much cheaper to buy in than rent.

Over the past decade, median dwelling values across the state’s regions have lifted by just 4.4 per cent, while household incomes have increased by a much greater 28.9 per cent.

It is now significantly cheaper to buy a home than rent one in Biloela, with the report estimating it would take only 2.5 years to save a 20 per cent deposit.

“Anywhere around the mining areas have seen steep value declines and that has impacted affordability,” ANZ managing director of consumer banking Kate Gibson said.

“It doesn’t mean it’s a great idea to go rushing in, but we’re starting to see locals who had been priced out (of the market) now in a position to get back in.”

Where it’s cheaper to buy than rent in Queensland 2

The average household income in Brisbane has jumped more than 31 per cent in the past 10 years, while median home values have increased by 25.8 per cent.

It takes eight years for an average household to save a 20 per cent home deposit, based on a median home value of $493,568 and saving 15 per cent of their income.

But it can take significantly less, or more time, depending on which suburb you are looking to buy a property in.

In Ipswich and Jimboomba, it takes about six years to save for a deposit, while in Bribie Island and Sunnybank, it is likely to take more than a decade to come up with enough money to buy a home.

Where it’s cheaper to buy than rent in Queensland 3

Ms Gibson said the older, more established suburbs were usually the hardest to buy into in most capital cities, but the report showed areas by the water were the most sought-after.

“If it’s a nice area to retire to or a nice place to have a beach house, we’ve found housing values have been driven more by people buying from outside the area than local residents,” she said.

In Noosa, the report estimates it could take 13 years to save for a 20 per cent deposit for a home, while in Burleigh Heads and Southport, would-be buyers are looking at needing to save for at least 10 years.

Ms Gibson said the report was designed to help potential buyers find opportunities to get into the market at a price point they could afford.

Where it’s cheaper to buy than rent in Queensland 4

Homeowner and mother-of-two Rachael Tickner said she and her husband, Brent, had considered upgrading to another home, but would need to save for a few more years to get into the suburb they would like to live in.

They currently own a four-bedroom house in Nudgee.

“In my heart I definitely want to live somewhere else … it would be lovely to be more inner city,” Mrs Tickner said.

“I’d love to live in Ascot, but we’re looking at a good 10 years of saving and going without before we can afford that!”

But she said they would be more open to buying an investment property in a less desirable suburb.

“We’d be open to researching the areas that do have a lot of growth and good return and wouldn’t rule out any suburbs,” she said.

It comes in the wake of the first cut to interest rates in almost three years, with the Reserve Bank of Australia slashing the official cash rate to 1.25 per cent this week.

WHERE IT’S CHEAPER TO BUY THAN RENT

Suburb % of income needed to service mortgage % of income needed to rent

Beenleigh 29.9% 31%

Biloela 10.3% 19.1%

Bowen Basin – North 11.2% 19.4%

Browns Plains 26.3% 26.3%

Bundaberg 27.6% 30.8%

Burnett 21.2% 28.8%

Caboolture Hinterland 31.4% 31.5%

Cairns – North 27.4% 28.5%

Cairns – South 26% 30.2%

Central Highlands 12.9% 18.9%

Charters Towers 17.2% 23.6%

Darling Downs – East 18.5% 22.5%

Darling Downs – West 13.6% 20%

Far North 25.2% 29.7%

Gladstone 17.9% 18%

Granite Belt 24.5% 26.8%

Innisfail 19.8% 27.7%

Ipswich Hinterland 26.5% 27.8%

Mackay 23.9% 28.5%

Maryborough 28.1% 33.2%

Outback – North 11.6% 19.7%

Outback – South 8.2% 18.6%

Port Douglas 25% 27.6%

Rockhampton 21.8% 25.4%

Surfers Paradise 34.1% 40%

Springwood-Kingston 25% 28.1%

Tablelands (East) 28.9% 32.6%

Townsville 21% 24%

Whitsunday 29.6% 31.2%

YEARS NEEDED TO SAVE A DEPOSIT

Suburb Years to save a 20% deposit

Noosa 13.1

Bribie Island 10.8

Sunnybank 10.7

Cleveland-Stradbroke 9.1

Brisbane inner 7.3

Browns Plains 6.5

Ipswich inner 6.1

Springfield-Redbank 5.8

Townsville 5.2

Biloela 2.5

Source: brisbaneinvestor.com.au

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Revealed: These are the hottest suburbs in Brisbane for 2019

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Revealed These are the hottest suburbs in Brisbane for 2019
Revealed These are the hottest suburbs in Brisbane for 2019

THE hottest suburbs in Brisbane have been revealed amid signs of “uplift” for the city’s housing market, according to a leading national property analyst.

THE hottest suburbs in Brisbane have been revealed amid signs of “uplift” for the city’s housing market, according to a leading national property analyst.

THE hottest growth suburbs in Brisbane have been revealed amid signs of “uplift” for the city’s housing market, according to a leading national property analyst.

Terry Ryder of Hotspotting has released his latest Price Predictor Index, which tracks rising sales in suburbs across the country and identifies the places likely to deliver strong price growth in the near future.

The index found 33 suburbs in Brisbane were “rising steadily”, with the strongest market being the affordable Moreton Bay region.

Revealed These are the hottest suburbs in Brisbane

“The Brisbane market is showing signs of uplift, with more growth suburbs emerging in the latest survey,” Mr Ryder said.

In fact, Moreton Bay is the second strongest growth market in the country — eclipsed only by Port Adelaide — with 10 suburbs classified as “rising steadily”.

These include Clontarf and Woody Point, which have seen increases in sales activity.

Mr Ryder said the suburbs’ drawcards included affordable prices, new rail links, a soon to completed new university campus and a bayside lifestyle.

Revealed These are the hottest suburbs in Brisbane 2019

The second highest ranked market after Moreton Bay is Brisbane south, which has eight rising markets — many surprise contenders as they have beaten bluechips to take out the top spots where prices are expected to outperform.

Those suburbs are Mt Gravatt East, Corinda, Forest Lake, Mansfield, Oxley, Parkinson and Sunnybank Hills.

Most of these fit into Brisbane’s “middle market”, with median house prices in the range from $650,000 to $800,000.

Revealed These are the hottest suburbs

The number of growth suburbs in Brisbane’s north have risen from four to seven in the latest survey, with rising demand occurring in Alderley, Bald Hills, Brighton, Geebung, Gordon Park, Newmarket and Stafford Heights.

Across the state, Clinton in the Gladstone region is the top growth suburb in Queensland, while Emerald in central Queensland, Kearneys Spring in Toowoomba, Little Mountain on the Sunshine Coast and Torquay in Hervey Bay also make the list.

Brisbane’s south, Mackay and Moreton Bay are among the national top 10 regions with the highest number of growth suburbs.

Revealed These are the hottest suburbs in Brisbane for the year 2019

But when it comes to consistent sales growth, one Queensland suburb has taken out the top spot in the country — Mountain Creek on the Sunshine Coast.

The suburb, with a median home price of $635,000, has sold between 90 and 110 homes in each quarter over the past four years.

Its median house price has increased 10.5 per cent in just the past 12 months.

“Most property buyers are seeking growth and in the search for rising prices there’s a tendency to undervalue the consistent markets,” Mr Ryder said.

“These places represent safety for buyers because markets like this are likely to maintain

steady price levels — but these markets also deliver good growth.”

Revealed These are the hottest suburbs in Brisbane in the year 2019

BRISBANE’S HOTTEST GROWTH SUBURBS FOR 2019:

Alderley

Alexandra Hills

Bald Hills

Banksia Beach

Beachmere

Bray Park

Brighton

Burpengary

Carina

Clontarf

Corinda

Eagleby

Forest Lake

Geebung

Gordon Park

Heritage Park

Joyner

Kenmore

Loganholme

Mansfield

Mt Gravatt East

Newmarket

Oxley

Parkinson

Redcliffe

Rothwell

Salisbury

Stafford Heights

Strathpine

Sunnybank Hills

Woody Point

Wynnum West

(Source: The Price Predictor Index)

Originally published as Brisbane’s hottest suburbs revealed

Source: brisbaneinvestor.com.au

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Market Place

Queensland Attracts UK Property Seekers

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Queensland Attracts UK Property Seekers

Research by realestate.com.au showed that searches for property in Queensland climbed by nearly a third in December compared to the same period in the previous year. This was driven largely by British people who are flocking to one of the most populous states in the country, according to a report by news.com.au.

The study found that property searches originating from the UK increased 31%, with the Sunshine Coast suburbs of Noosa Heads, Buderim and Mooloolaba as popular picks among potential buyers.

New Farm, Redcliffe and North Lakes, meanwhile, topped the list of the most in-demand suburbs in Brisbane.

Nerida Conisbee, Realestate.com.au chief economist, said Queensland, specifically its beachside properties, held the top spot in terms of total search activity among UK property seekers.

“The Hemsworth impact seems to be impacting the view of Byron Bay with this the most searched by UK property seekers in December 2018 — the number tripling from December 2017,” she said.

Universal Buyers Agents Director Darren Piper said that the chaos surrounding Brexit in Britain was enticing overseas buyers to explore the Australian property market.

“House prices in London have fallen for the fifth quarter in a row. It’s natural for investors to look for safe havens in times of uncertainty,” he said.

Australia’s property market has consistently grown over the past decade, with homes in Sydney, Brisbane and Melbourne reaching record prices.

“It’s the perfect time for people to get their foot in the door and it’s a great time as a homeowner to explore your options, maybe make a move or stay the course,” said Piper.

 

Source: brisbaneinvestor.com.au

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