December 2007
3 posts
Gatton subdivision to double size of the town
The announcement of a major subdivision outside the Queensland town of Gatton achieves in one project what hotspotting.com.au recently predicted was likely to happen - a doubling in the size of the town. Gatton, a town of 9,000 residents west of Ipswich on the road to Toowoomba, is to be the site for a multi-stage $500 million development of a new prisons complex. The Queensland Hotspots report...
Big rent rises in most cities - but growth may be...
Melbourne, Adelaide, Canberra and Perth have all had exceptional rises in residential rents in 2007, according to the Quarterly Domain-APM Rental Series report. The four cities recorded rises of 17% or more in the median weekly asking rent for houses in the year to December. There were similar rises in rents for apartments in those cities, with Perth topping the list with a 25% increase in...
Vacancies below 2% nationally
Rents continue to rise Australia-wide, pressured by rising house prices, a lack of new home construction and cautious investors, according to the latest report from Mortgage Choice and the Real Estate Institute of Australia. The report finds that vacancy rates across the nation are at historic lows, averaging 1.9% in the September quarter. REIA president Noel Dyett says a vacancy rate below 3% is...