Distressed Property Searches Skyrocket on realestate.com.au

Real estate searches on realestate.com.au suggest an increasing trend among buyers who are actively seeking distressed sales in the hopes of securing a bargain. However, their chances may be limited. Data from property searches indicates a growing opportunistic mindset among buyers, as they explore distressed listings that sellers want to offload quickly, ideally at a …

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Rental Crisis Deepens: Only 11% of Listings Affordable Nationwide

Securing an affordable rental in Australia has become an increasingly challenging feat, with a nearly 50% decrease in the number of properties listed for $400 or less per week compared to the previous year. This scarcity is exacerbated by a 15% rise in the national median weekly rent, climbing from $480 to $550, leading to …

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Record-Low Vacancy Rates Drive Surge in Investor Loans

Investors are gradually reentering the property market to take advantage of historically low vacancy rates nationwide, undeterred by the looming possibility of increased interest rates. According to the Australian Bureau of Statistics, new investor loans experienced a 2% uptick in September, marking a 2.6% year-on-year increase. The surge in investor lending is attributed to the …

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How the ‘Mortgage Cliff’ Could Cost Australians Thousands

As the year comes to a close, households across Australia are eagerly anticipating some relief from the relentless increase in costs. Unfortunately, the latest data from the Australian Bureau of Statistics suggests that this hope may be dashed, with annual inflation surging above 5% once again. The rising costs of rent, fuel, food, and services …

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Gold Coast’s Alston Mansion Shatters Records with $24.8 Million Auction Win

OE of the Gold Coast’s finest trophy residences has been sold at auction for a staggering $24.8 million, shattering the previous Queensland auction record. The property known as Alston, situated at 5 McMillan Court in Southport, now holds the title of the highest residential property sale in Queensland for this year and has established a …

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Rental Appraisals

A rental appraisal, also known as a rent appraisal or rental valuation, is an assessment of a property’s rental value in the current market. This process helps property owners, landlords, and property managers determine the appropriate rent to charge for their properties. How is a rental appraisal calculated? Calculating a rental appraisal involves several steps …

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Property Appraisals: A Comprehensive Guide

Property appraisals play a crucial role in the world of real estate, serving as a foundation for numerous transactions and decisions. Whether you’re buying, selling, refinancing, or just curious about your property’s worth, understanding property appraisals is essential. we will delve into the intricacies of property appraisals, exploring their purpose, differences from property valuations, accuracy, …

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