Browsing: suburbs

Desperate buyers are swarming Queensland’s last 180 sub-$500k strongholds – as an expert warns the cheap property clock is officially ticking

The gap is widening between the number of people who want homes and the pipeline of properties to house them, with new data revealing a shortage of 88,809 approvals over the next three years.

Caterer Simmone Logue and property industry veteran Ray Sproats have put their Del Rio, Elizabeth Bay apartment to onsite weekend auction. It passed in on a $9.5m vendor bid, with Sam Green among the buyers’ agents not bidding.

Adelaide has five suburbs with median weekly advertised rents above $1000, REA Group data shows.

Apartments are delivering stronger yields in five times as many suburbs as houses around the country’s capital city markets.