NSW North Coast rent prices 'off the charts' as they surpass capital cities
3 years, 5 months ago

NSW North Coast rent prices 'off the charts' as they surpass capital cities

ABC  

Rental prices on the Far North Coast of New South Wales have climbed almost 20 per cent in the past 12 months, surpassing those in all of Australia's capital cities. Key points: Houses in the Richmond/Tweed now have a median rent of $699pw An advocacy group says it has "never seen it this bad" and is calling for government intervention An agent predicts another surge of rental demand because of the latest COVID-19 lockdowns Figures from CoreLogic's latest quarterly review show the median rent for houses in the Richmond/Tweed region is now $699 per week. Houses Median rent Sydney $646 Melbourne $482 Brisbane $505 Adelaide $448 Perth $479 Hobart $511 Darwin $618 Canberra $668 Richmond/Tweed $699 Source: CoreLogic Mr Davies said more people were being pushed into homelessness as rental vacancy rates in areas like Tweed Heads reached 0.1 per cent. In a region that has never seen a decline in rental rates and an "off the charts" 20 per cent increase in just 12 months, Mr Davies said government intervention in social and affordable housing was crucial. Richmond / Tweed Median rent Annual change Median purchase value Dwellings $620 19.9pc $775,971 Houses $699 19.6pc $847,055 Units $532 20.3pc $592,018 Source: CoreLogic Latest lockdown could see another surge Northern Rivers real estate agent Lois Buckett said she had never seen a rental market like it.

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History of this topic

Rental advertisement for Sydney unit above childcare taken down after concerns raised about tenant access
3 months ago

Rental advertisement for Sydney unit above childcare taken down after concerns raised about tenant access

ABC  

An ad for a three-bedroom unit a short drive from the iconic white sands of Bronte Beach has been pulled after it sparked outrage for its extensive list of conditions for prospective tenants. Labelled "unusual" by the NSW Tenants Union, other rules for the three-bedroom in Queens Park property include a ban on pets, smoking and tenants having guests during …

Australia's regional residents are being priced out of their homes
4 months, 3 weeks ago

Australia's regional residents are being priced out of their homes

ABC  

Phil Taylor was backpacking around the world when he stumbled across the coastal haven of Byron Bay. "You might have what could be considered a relatively affordable property market in an out-of-the-way regional location, and then that place becomes popular for one reason or another," he said. Research from the Regional Australia Institute has found the number of people moving …

Brisbane sheds its sleepy image with surging house values — now only second to Sydney
6 months, 2 weeks ago

Brisbane sheds its sleepy image with surging house values — now only second to Sydney

ABC  

So, you still think of Brisbane as the sprawling, steamy, sleepy backwater in Australia's deep north? There's such a shortage of houses and units that anyone with the means to buy – locals, along with the 116,260 new arrivals from overseas and interstate last year – is camping out in crappy rentals across the city, doom scrolling on real estate …

CoreLogic reports record-high rents across Australia's biggest regions as WA and Queensland tops list
6 months, 3 weeks ago

CoreLogic reports record-high rents across Australia's biggest regions as WA and Queensland tops list

ABC  

The promise of fleeing the high cost of living in Australia's capital cities and finding reprieve in the regions is fast evaporating, with rental prices in nearly every part of the country hitting record highs. Batemans Bay in New South Wales had the biggest increases over the past three months, with rents going up the equivalent of $32 a week, …

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat
7 months, 2 weeks ago

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat

ABC  

In short: Rents have reached a record high, with the median weekly rent in Australia now at $627. Perth Median rent $669 Year-on-year increase 13.6 per cent The rental market in Perth saw the highest annual rent increase of all capital cities in the last year, as well as the highest uplifting of rent values since the onset of the …

The Aussie city where it now costs more than $1,000 a week to rent a house
8 months, 1 week ago

The Aussie city where it now costs more than $1,000 a week to rent a house

Daily Mail  

A high-income professional earning $180,000 a year would now be in housing stress renting the typical house in Australia's most expensive capital city, new data shows. Sydney's median weekly rent surged by 10.2 per cent in the year to April to $1,053.56, new SQM Research data released on Tuesday revealed. Mount Colah, 38km north of Sydney, has a median weekly …

Meet the couple who've tried for six months to find somewhere to rent despite having good jobs - here are some tips to beat other prospective tenants
8 months, 1 week ago

Meet the couple who've tried for six months to find somewhere to rent despite having good jobs - here are some tips to beat other prospective tenants

Daily Mail  

A young couple with university degrees and steady jobs have revealed how they spent six months looking for somewhere to rent without success, in the latest snapshot of the rental crisis smashing Australia. Talitha Vermeulen, 25, and her 32-year-old boyfriend Trent Sacilotto have spent the past six months trying to find somewhere to rent in Sydney's Sutherland Shire. Talitha Vermeulen, …

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000
8 months, 3 weeks ago

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000

Daily Mail  

House prices in Australia's capital cities have surged by up to 20 per cent in the past year as immigration hit an all-time high. In Perth, the median house price has surged by 20 per cent during the past year to $735,276 to still be Australia's most affordable mainland state capital city market, new CoreLogic data showed CoreLogic research director …

Price gap between houses and apartments widens to new record as land values surge in capital cities
10 months ago

Price gap between houses and apartments widens to new record as land values surge in capital cities

ABC  

In short: CoreLogic data shows the price gap between apartments and standalone houses has widened by 45 per cent since March 2020 and January 2024. "It's not like this is just Sydney or Melbourne pushing the numbers around, it's happening across every capital city to some extent," Mr Lawless said. Mr Lawless said the widening gap between house and unit …

Brisbane overtakes Melbourne as Australia's third most expensive city to buy property for the first time in 15 years
11 months, 1 week ago

Brisbane overtakes Melbourne as Australia's third most expensive city to buy property for the first time in 15 years

ABC  

Sydney, Canberra and Melbourne have long been touted as Australia's most expensive cities when it comes to property, but after three years of a COVID-19-bolstered boom, Brisbane has climbed the ranks. "About a third of that market is units, which weighs down the median, as opposed to Brisbane, where only about 25 per cent of housing stock is estimated to …

Depressing statistic that will have young Sydneysiders wanting to move to Melbourne
11 months, 2 weeks ago

Depressing statistic that will have young Sydneysiders wanting to move to Melbourne

Daily Mail  

Rents continued to grow in every capital city in the last months of 2023, but economists say there could be some relief on the horizon. The latest PropTrack Market Insight report found the median national rent has continued on its meteoric rise, increasing 1.8 per cent over the December quarter to $580 per week. This is an 11.5 per cent …

What the typical Aussie can really afford - and why you might have to move to buy that dream home
1 year ago

What the typical Aussie can really afford - and why you might have to move to buy that dream home

Daily Mail  

An Australian worker on a middle income can now only afford to buy an apartment in a big city unless they moved to a regional area. An Australian worker on a middle-income can now only afford to buy an apartment in a big city unless they moved to a regional area - but it can be cheaper than renting Perth …

Median rents for new tenancies in Brisbane jumps 17.4 per cent in 12 months
1 year, 4 months ago

Median rents for new tenancies in Brisbane jumps 17.4 per cent in 12 months

ABC  

The median rent in Brisbane for new tenancies has climbed more than 17 per cent in the past 12 months, making it the biggest jump in a single financial year in a decade. Key points: The median rent for new tenancies in the June quarter in Queensland reached $510 per week The weekly median rent in Brisbane for new tenancies …

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal
1 year, 7 months ago

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal

Daily Mail  

A worrying number of young Australians have given up on ever owning their home, a new survey has found. A Resolve Political Monitor poll published on Monday showed 54 per cent of respondents on middle incomes and 63 per cent in the low income bracket think they will never be able to afford their own home. Sydney's median house prices …

Dilapidated Sydney house in Greenacre offers free rent in exchange for full renovation
1 year, 8 months ago

Dilapidated Sydney house in Greenacre offers free rent in exchange for full renovation

ABC  

An uninhabitable Sydney home being offered rent free for a year has been criticised by the NSW premier but the agent listing the property says demand has been through the roof. Key points: The rental listing was taken down by the agent who said he was overwhelmed with demand The CEO of the Tenants Union says the agent could potentially …

Real estate: Where you can still buy a home in a big city near the BEACH for less than $200,000
2 years ago

Real estate: Where you can still buy a home in a big city near the BEACH for less than $200,000

Daily Mail  

Australians can still buy a home for $200,000 in a major capital city right near a beach if they opt for an apartment instead of a house. Orelia in Perth's outer south is the most affordable metropolitan suburb with a median unit price of just $183,522, and it's only one suburb from Kwinana Beach, near Rockingham. Australians can still buy …

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million
2 years ago

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million

Daily Mail  

Prices of properties near the beach and only an hour's drive from major city centres have fallen back below the $1million mark as new data shows their affordability will only continue to improve. Property prices near the beach only an hour's drive from a major city centre have fallen back below the $1million mark and are expected to become more …

The expensive suburbs where house prices are falling very sharply as interest rates rise
2 years, 3 months ago

The expensive suburbs where house prices are falling very sharply as interest rates rise

Daily Mail  

Wealthy suburbs near the beach and sea change areas are suffering the sharpest house price falls as interest rates keep surging. The far north coast of NSW is also going backwards with the median house price in the Richmond-Tweed area - covering Byron Bay and Ballina - plunging by 5.5 per cent last month to $963,737. The far north coast …

The major Australian city where you can still buy a home for under $250k
2 years, 4 months ago

The major Australian city where you can still buy a home for under $250k

Daily Mail  

Home buyers on a budget can still snap up a property for under $250,000 in suburbs only a half-hour drive from Brisbane's city centre. At Woodridge, 23km south-west of central Brisbane, the middle price for an apartment is just $229,170, CoreLogic data showed Real estate agent Selene Bruynzeels there was an increase in interest from first-time buyers and investors in …

The reason why rents are soaring in Australia with double-digit increases for houses
2 years, 11 months ago

The reason why rents are soaring in Australia with double-digit increases for houses

Daily Mail  

Rents are soaring across Australia with house or unit leasing costs surging by double-digits in every major city except Melbourne during the past year, new data shows. Rents are soaring across Australia with house or unit rents surging by double-digits during the past year in every major city except Melbourne, new data shows Double-digit rent increases in a year BRISBANE …

Canberra is Australia's most expensive for house, apartment renters, SQM Research data October 2021
3 years, 1 month ago

Canberra is Australia's most expensive for house, apartment renters, SQM Research data October 2021

Daily Mail  

Canberra has cemented itself as Australia's most expensive city for both house and apartment renters during the pandemic. Tenants leasing a house in Canberra were paying a median rent of $716 a week in early November, following a 13.9 per cent rise during the past year, new SQM Research data has revealed. The national capital's vacancy rate of 0.8 per …

Unit prices fall in many city suburbs amid house-led real estate boom
3 years, 8 months ago

Unit prices fall in many city suburbs amid house-led real estate boom

ABC  

Despite house prices rising at their fastest pace in 32 years, apartments in Australia's most oversupplied cities aren't getting as much love from buyers. Key points: Some parts of Sydney and Melbourne have seen a big drop in unit prices An oversupply of apartments, closed international borders and lower rents are behind the price falls House prices have risen 7.4pc …

Domain reveals the cities where rent has surged 15% in just one year and where rents fell
3 years, 8 months ago

Domain reveals the cities where rent has surged 15% in just one year and where rents fell

Daily Mail  

House rents in some parts of Australia have surged by 15 per cent in just one year but in one big city living costs fell. Since the first Covid lockdowns in March last year, Darwin rents have soared by 14.6 per cent, putting its weekly median rent of $550 on equal footing with Sydney. Pictured is a house in Ludmilla …

Melbourne could soon become the cheapest city for renters, while Canberra remains the most expensive
3 years, 8 months ago

Melbourne could soon become the cheapest city for renters, while Canberra remains the most expensive

ABC  

House rents have hit record highs in every capital city in Australia except Melbourne, Perth and Darwin. Key points: Canberra remains the country's most expensive capital city for renters Melbourne is now one of the cheapest cities in Australia to rent a house or unit Perth and Darwin have experienced the largest increases in rental prices of any other capital …

Why it's better to rent in Sydney or Melbourne and buy in another capital city, regional area
3 years, 8 months ago

Why it's better to rent in Sydney or Melbourne and buy in another capital city, regional area

Daily Mail  

Australians who can't afford a house in Sydney or Melbourne are being urged to buy a home with a backyard in another city and rent where they want to live. During the past five years, more affordable major regional centres have experienced 40 per cent house price growth - vastly outpacing increases in Sydney, Melbourne and Canberra. Pictured is Sydney's …

The 54 Sydney, Melbourne and Brisbane suburbs breaking the $1 million barrier in February 2021
3 years, 8 months ago

The 54 Sydney, Melbourne and Brisbane suburbs breaking the $1 million barrier in February 2021

Daily Mail  

Australia's property price boom shows little sign of ending with 54 suburbs in Sydney, Melbourne and Brisbane surpassing the $1million barrier during the past year. Copacabana on the central coast north of Sydney saw its median house price surge by 68 per cent from $850,000 to $1.425million Copacabana on the Central Coast, north of Sydney, saw its median house price …

Australian house prices hit RECORD highs - except in two major cities
3 years, 10 months ago

Australian house prices hit RECORD highs - except in two major cities

Daily Mail  

Capital city house prices have hit record highs despite the Covid recession and an exodus of professionals to more affordable regional areas by the beach. Sydney continued to have Australia's most expensive median house price of $1.2million based on Domain sales at the end of last year, with prices climbing 6.7 per cent. The story was very different on Sydney's …

Real estate agents in 'uncharted territory' as demand soars for regional rental properties
4 years, 2 months ago

Real estate agents in 'uncharted territory' as demand soars for regional rental properties

ABC  

The availability of rental properties across regional New South Wales has dropped to new lows, as city dwellers realise the benefits of working remotely. Key points: Rental vacancies have fallen below 1 per cent in all but three regional areas The regional rental squeeze comes as Sydney recorded a vacancy rate of 4.1 per cent in September Real estate agents …

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