Extra 24,000 properties subject to Queensland land tax amid climbing land values
Queensland land tax net grew by 14% to 194,579 properties, and 30% more individuals due to rising land values. The $600k threshold remains unchanged.
Queensland land tax net grew by 14% to 194,579 properties, and 30% more individuals due to rising land values. The $600k threshold remains unchanged.
Sydney and Melbourne lead housing price corrections, with other regions showing little change. CoreLogic's Owen notes a market adjustment to realistic levels.
Gold Coast house prices surged 80.7% in 5 years, outpacing other capitals. Luxury properties, cash buyers, population growth fuel rise. Crash risk exists, but less severe.
Sydney family moved to Bendigo, buying a home outright with Sydney profits. Regional Victorian prices are down, favoring first-home buyers.
Victoria rental listings are rapidly declining (-3.6% yr) as investors sell. Melbourne rents are falling despite decreased supply due to low demand.
2024 saw economic divergence based on housing. 2025 may see slow improvement with rate cuts expected, but varied forecasts exist on timing and impact. Unemployment could rise.
