All Around Realty Monthly News Round-up

October was a busy month in Real Estate! Keep reading below to get a quick Real Estate News round-up.

RBA Rates Decision

November’s rates decision has been decided today.

Economists widely predicted the cash rate would remain on hold in Tuesday’s decision, given underlying inflation remained outside the RBA’s target zone.

Read the full article here.

Rental Vacancy Rates Continue to Drop Across Australia

Vacancy rates have further deteriorated across much of Australia, with just three cities recording a slight uptick in listings.

The latest PropTrack Market Insight Report has revealed that the national vacancy rate fell for the third consecutive month in September, dropping 0.06 percentage points to just 1.34 per cent.

Read the full article here.

Revealed: Chances of interest cut before Xmas

Aussies hoping for interest rate relief before Christmas may have to wait a lot longer after a new record slashed the chance of a cut by the Reserve Bank.

Find out more here.

Prices in Queensland: City vs Regional

Greater Brisbane suburbs have led home price growth since last year, outpacing the steep rises seen in the state’s regions as families left the cities during the pandemic.

PropTrack’s quarterly home price report shows that outer metro regions, including Logan—Beaudesert, Moreton Bay, and Ipswich—have recorded price increases of more than 40 percent since last year.

Read the full article here.

This Property Has Been on the Market for 10 years!

One Queensland homeowner has been trying to sell their property for more than a decade, earning it the unenviable title as Australia’s longest running listing.

Located at 4432 Beaudesert-Nerang Rd, Beaudesert, the 43.12ha rural property is listed for $10 million and includes a four bedroom house, veranda, pool, established gardens, divided paddocks and plenty of space for horses or cattle.

Find out more here!

Queensland Coastal Towns Where Property Prices are Booming

Queensland’s coastal underdogs are emerging as unexpected property market winners, with some towns seeing home prices surge almost 40 per cent in the past year.

Offering unspoiled beaches sans stingers, chic cafes free of crowds and homes by the beach without the multimillion-dollar price, these coastal towns are being compared to Byron Bay as it was a decade ago.

Find out here.

Albo’s Property Controversy: How Many Properties do Politicians own?

The revelation that Anthony Albanese had purchased a $4.3 million slice of “clifftop perfection” on the NSW Central Coast set tongues wagging.

Not only because the listing made it sound like something out of Grand Designs, replete with “mesmerising ocean views” and “timber-lined cathedral ceilings” — perfect fodder for the national pastime of property stickybeaking.

But also because he is the prime minister and will soon face voters in an election in which housing affordability woes are sure to feature.

But how do other Politicians stack up?

Find out here!