The Gold Coastβs post-pandemic glamour run has hit the wall with house values tumbling nearly $52,000 from peak as soaring mortgage rates push buyers past their borrowing limits.
Cairns is defying property falls of up to $77,000 in the southeast, with prices jumping an inflation-beating 5.3 per cent in the past year despite everything the economy and rates have thrown at it.
Townsville has cemented its reputation as Queenslandβs most bulletproof property market, defying the national downturn to post fresh gains as the southeast nurses $77k losses.
Renters across 801 Queensland suburbs have been hit with rent hikes of up to $170 a week in a single quarter as the stateβs vacancy rate hits a critical 1.0 per cent.
Business & Economy
An ex banking boss pleading hardship to back out of a $7.5m deal after body corp rose by $171 a week, has been forced to buy the property with interest - after a boastful email sunk his defence.
Property & Real Estate
Nearly two thirds of home sellersΒ who went to auction in MelbourneΒ last week sold their properties despite new reserve price rules.
Property & Real Estate
In a softening property market, the stakes are high and Block contestants are being urged to consider their buyer pool.
Property & Real Estate
First-home buyers chased 169 Queensland markets beyond their reach. Now, as prices soften, fear and rate hikes are keeping them away.
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Property & Real Estate
New modelling has revealed Sydneyβs housing downturn could end next year and be followed by another surge in growth that will push prices to new highs in key western suburbs.
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