On 25 October 2023, the Queensland Government passed the Property Law Act 2023 – replacing the Property Law Act 1974. The Property Law Act 2023 will commence on 1 August 2025, following proclamation given by the Queensland Government on 20 September 2024. This new legislation introduces a raft of changes to property law, that willRead more

Corelogic releases their Regional Market Update report every quarter, providing important market insights on a range of regional centres across the country, including the Gold Coast. With the latest report released this month, what does it’s latest edition tell us about the Gold Coast property market?   Median Property Prices continue to grow   TheRead more

With pre-poll open and election day this Sunday, the parties have always promised a large array of housing policies. We thought we’d take the opportunity to break down what the main political parties are promising for housing. Australian Labor Party Provide $120 million from the National Productivity Fund to incentivise states to remove red tapeRead more

As house prices continue to increase, First Home Buyers may need assistance when looking at getting onto the property ladder and buying their first home. Let’s take a look at what is available for first home buyers on a Federal & State Level. First Home Owner Grant – Queensland The Queensland Government provides incentives forRead more

The Federal Government have been busy on housing policy, with Treasurer Jim Chalmers announcing two significant housing policies over the last two weeks, set to have impacts on both the ability to buy a home and housing supply. 2 Year Freeze on Foreign Buyers buying Existing Property The Federal Government will be banning foreign buyersRead more

Currently, if a property is being sold and the price is over $750,000, the seller is required, prior to settlement to obtain a clearance certificate from the ATO (Australian Taxation Office). The certificate confirms that either: The seller is not a foreign resident and therefore is not required to pay their capital gains tax atRead more

Corelogic releases it’s Regional Market Update every quarter, providing critical market information about regional markets, including the Gold Coast. The latest report provides some interesting insights about the Gold Coast market, let’s take a look at what it says: House prices are still increasing but at a slower rate The current median price for aRead more

Do you know what your property equity position is? Knowing what equity is accessible in property assets is key to retaining and scaling property portfolios.   The team at Inovayt highlight four essential reasons why:   Cash flow – Holding investment properties comes with many costs. Knowing how to combat these costs using equity isRead more

Earlier this week, the NSW parliament passed long awaited rental reforms which are expected to provide massive reform to the rental system in NSW. Most other states have already passed similar reforms. Here’s what the changes involve: Limits to when rents can be increased Under the reforms, Landlords & Property Managers will only be ableRead more

As of the 6th of June, the latest round of QLD rental reforms came into effect in what is expected to be the last set of reforms in a multiple-round reform of the rental system in Queensland. We’ve collated a summary of the changes below. Rent Bidding Rent bidding or accepting rent offers higher thanRead more

Corelogic releases the quarterly Regional Market Update once every quarter, providing critical insights on the Gold Coast & other regional markets. The latest market update, released last week, has provided some important insights on the state of the Gold Coast market. The Median sale price on the Gold Coast has tipped over $1,000,000 For theRead more

Tweed Heads is in line for modern makeovers like its Queensland neighbour with two projects pumping up the development pipeline past $1 billion. Elanor Investors Group has won concept approval for its $907-million plans to completely redevelop the Tweed Mall shopping centre, opened in 1982, and surrounding land. The 5ha masterplan approval means the mall could soonRead more

NSW Treasurer Daniel Mookhey handed down the 2024-2025 NSW budget yesterday, promising one of the largest housing spends in recent NSW history. Here’s a breakdown of what has been promised in the budget for housing in NSW: 8,400 New Social Homes & Repair of existing homes The budget invests $5.1 billion in 8,400 social homesRead more

Last night, Treasurer Jim Chalmers handed down the 2024-2025 Federal Budget. While there is a lot to dissect about the budget, it’s worth taking a look at what is being delivered for housing, so, we’ve put together this handy guide of housing measures in the budget:   A further $1 Billion for the states forRead more

Australia’s property market accelerated in February, with a strong month of new listings coming to market. Nationally, there were 16.6% more new listings year-on-year. Capital cities led the busier activity, recording a stronger-than-typical February for new listings, and the most new listings across the combined capitals for a February since 2012. The extra day inRead more

The Christmas period is a time to relax, de-stress, spend time with the family and plan for the new year. One of those considerations may be about potentially selling your home. If you are considering selling, here are some tips to help you prepare: Carry out important renovations/repairs If there have been important repairs orRead more

A Sydney real estate funds manager has filed concept plans for a giant $900-million redevelopment of the 5ha Tweed Mall Site. Elanor Investors Group is seeking a staged redevelopment of the Tweed Shopping Mall, which comprises 13 new buildings of up to 15 storeys on the corner of Wharf and Bay streets, just a coupleRead more

CoreLogic’s national Home Value Index (HVI) marked a sixth consecutive monthly rise, up 0.8% in August. The monthly gain was a slight acceleration from the 0.7% increase in July, interrupting a two-month trend of slowing capital gains. Since bottoming out in February, the national HVI is up 4.9%, adding approximately $34,301 to the median dwellingRead more

Recently, the Reserve Bank of Australia (RBA) chose to hold the cash rate at 4.1%. This is the second month in a row the Bank chose to hold the cash rate following positive signs in inflationary data. With the uncertainty around the future of interest rates – whether they will keep increasing or have reachedRead more

It was just a little over a year ago that interest rates rose for the first time in over a decade, spelling an end to a boom that had seen property prices grow at close to the fastest rate in history. Higher rates, amid rapid growth in the cost of living, triggered a collapse inRead more

Over the first five months of 2023, national property prices increased by 1.5%. Aside from Darwin, all capital cities saw prices rise in May, with Adelaide and Perth sitting at peaks. By comparison, national home prices were 2.4% lower over the 2022 calendar year. Brisbane, Adelaide, Perth and Darwin recorded growth but falls occurred in allRead more

Boutique Southern Gold Coast & Northern Rivers Real Estate Agency Schmith Estate Agents has launched a brand new independent holiday management firm to service the Holiday Market, Sea Escapes Holiday Collective. Schmith Estate Agents & Sea Escapes Principal Justin Schmith noticed a gap in the Holiday Management space for a High Service & High QualityRead more

The decision from the RBA to hold the cash rate at 3.6% sends a clear message they are ready to take stock, assessing the economic impact of the rapid rate hiking cycle to date. Considering monetary policy acts with a lag, it’s important to understand how trends in consumer prices, consumption, labour markets and sentimentRead more

House values have fallen rapidly in popular sea and tree change destinations, dropping by six-figure sums in parts of regional NSW and Queensland. Markets that soared during the property boom have recorded steep price falls amid the downturn, and flood-affected regions have borne the brunt of declines. Mullumbimby and Byron Bay had the largest fallsRead more

As part of our continued expansion across the Gold Coast & Northern Rivers regions, we welcome two high profile hires into the sales & project marketing teams.  In a strong addition to the sales team, Ben Tribolet & his team join the SCHMITH estate agents team.   With extensive experience in residential property transactions, withRead more

Australians actively looking to buy a home at the moment are enjoying a big advantage in almost all parts of the country, new data shows. The latest PropTrack Listings Report for November shows the total number of properties listed for sale across the country has risen by 3.8% month-on-month. And compared to this time last year, totalRead more

New rental tenancy laws for Queensland come into effect this month – find out how it affects you and your investment property. There is a raft of new changes coming into effect from 1 October 2022, which generally provide more safeguards for tenants. However, Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella (pictured) saysRead more

Home buyers have a stronger chance of getting into the property market this spring than during the pandemic-era boom, but experts are mixed about whether even better buying opportunities lie ahead. While some economists say the benefit of property price falls has been largely cancelled out by the rising cost of home loans and itRead more

Buyers are enjoying more choice during a busier-than-usual winter, after the strongest annual increase in the total number of homes for sale in more than a decade. PropTrack economist Angus Moore said the increased choice sets up buyers to get a head start on the spring selling season, traditionally the seasonal peak period for housingRead more

A slowdown in property markets in large parts of the country has been driven by rising inflation, sparking cost of living pressures and rapid hikes in interest, which has seen homebuyer activity fall. But prominent buyer’s agent Pete Wargent, co-founder of BuyersBuyers, said inflationary pressures appeared to be easing across many parts of the globalRead more

Stamp duty needn’t be a hurdle for first-home buyers in NSW after an option to pay an annual property tax was rubber stamped by the NSW government on Tuesday. In what is considered one of the biggest housing reforms of recent times, the state government has released a $2.8 billion housing package as part ofRead more

Under NSW proposal, buyers will reportedly be able to choose to pay an annual land tax instead of a lump sum on purchase. The New South Wales premier, Dominic Perrottet, will seek federal government help to scrap stamp duty during a meeting with prime minister, Anthony Albanese, on Friday, insisting no change can be made to theRead more

Two new reports have highlighted the impact of rising interest rates on property markets, with clear signs of dipping buyer sentiment and growing eagerness to list among vendors. PropTrack has released its monthly Housing Market Indicators report and Listings report today, looking at movements in May, showing a two-speed real estate sector emerging. “Housing market activity in 2022 hasRead more

Australia has voted. Looking forward, here are the policies the real estate industry can expect from the next government.  The results of the 2022 federal election are in, with Scott Morrison conceding the vote on Saturday night (21 May) and the Anthony Albanese-led Labor Party declaring victory shortly after. Mr Albanese will be Australia’s nextRead more

On Tuesday the Reserve Bank increased interest rates for the first time in 11 years and rates are expected to increase sharply over the rest of 2022. We have already seen a slowdown in home price growth sparked by buyer expectations of rate rises. But what will higher rates mean for the housing market?   Pricing inRead more

TAKEAWAYS FROM WESTPAC’S BUDGET WRAP For those that have recently been living under a rock, last Tuesday Night was budget night. Between the rising cost of living, record government debt on the back of COVID-19, natural disasters, international conflicts, worries of rising inflation coupled with a federal election expected within weeks, this was certainly noRead more

Can you believe we're only a month out from Christmas? Seems like only yesterday we were counting down to NYE2020, thinking the worst of the pandemic was behind us. Despite the property forecasters predicting the pandemic the downward spiral, house and apartment prices continues to rise across the southern Gold Coast and Tweed. Surfing legend,Read more

Ten Gold Coast suburbs have cracked the million dollar club for the first time in the last 12 months amid soaring property values and a slew of jaw-dropping house sales. Palm Beach was the front runner among the newly minted suburbs with median prices of more than $1 million, with the southern hotspot rising toRead more

The Gold Coast has been named among the nation’s top ten growth areas and a standout performer in regional QLD. Double-digit house price growth was clocked in several suburbs, lead by Biggera Waters, up 22 per cent to a median house price of $825,000, next Currumbin, which jumped 16 per cent to $1.05m, and thenRead more

It’s without a doubt the property market within the South East Queensland and Northern NSW regions has far excelled initial market forecasts. Despite the global uncertainty at hand, both buyer and seller confidence has propelled the market upwards, as unprecedented demand to secure a property within the South East corner continues to soar. With manyRead more

Spring has sprung, and similarly, so has the property market. Our team has seen an influx of buyer enquiry on both listed and off-market properties. Many homes are now being snapped up in less than a week! With winter behind us and summer in our sights, people are searching for new property to live inRead more

Spring, 2020. We’ve made it. The onset of the Spring Selling Season has officially arrived and this year is predicted to be no different. The beginning of Spring traditionally sees a significant spike in listings and increased activity for both buyers and sellers alike. Combine this activity with record low interest-rates and an onslaught ofRead more

Client Name: Kelly Property:  67 Ducat Street, Tweed Heads THE PROPERTY The 3-bed, 3-bath, 3-car home was a beach style shack on 784m2 with excellent potential to capitalise on in Tweed Heads. A short walk to Tweed River, Kirra Beach, cafes and restaurants, the Mill House had boundless options with plenty of area to store cars,Read more

A recent Q&A Justin was asked about from Aleisha Dawson, Real Estate Editor with Gold Coast Bulletin. Justin was called upon due to his extensive knowledge of the Southern Gold Coast and experience of selling in the area. Kirra is a popular suburb. Will it stay this way? Kirra is somewhat slowly becoming affluent, aRead more

House and Land Get in quick! Footings have been laid and this home is NOW under construction. Great opportunity to secure now for personal customisation touches. Once constructed and buyer can physically touch and admire the quality build this home will sell quickly so get in now while you can. Otherwise blank canvas Lot 114Read more

NEW data shows over 14,000 homes across Brisbane and the Gold Coast were put up for short-term rental during the Commonwealth Games, generating millions across the suburbs — but that’s now a double-edged sword. NEW data shows over 14,000 homes across Brisbane and the Gold Coast were put up for short-term rental during the CommonwealthRead more

The southern end of the Gold Coast is BOOMING thanks to back to back major events, expanding nightlife and new developments in the areas. The Quiksilver Pro at Snapper Rocks injects several million dollars into the economy, Tourism and Events Queensland. On top of this boost, more surf fans than ever in 200 countries and territoriesRead more

Christmas and New Years is a wonderful time of the year. Tis the season for a much needed break, catching up with family and friends, while reflecting on the year that was and the year that will be. Tis also the season that blows out your finances with multiple Christmas parties, lots of Christmas presents,Read more

Yes. That's right. VB Ice Cream is now a thing. With Tim Tams, Lamingtons, Meat Pies, ANZAC Biscuits, Smashed Avo, Vegemite, Golden Gaytimes and the Pavlova (though in hot contention against the NZ) forming the list of iconic Australian dishes, Victoria Bitter can also be inducted into this unique hall of flavours - in anRead more

Selling property is stressful and complicated. All the steps from making the decision to sell to attaching that SOLD sticker across your signboard are not a cakewalk in the park. Since we’re in the business of real estate, we've put together this Checklist To Selling Your Property. Strap yourself in: we’ve got this! MAKE THE DECISIONRead more

With recent Federal Budget changes to the real estate market and property industry, investors need to be sure they don’t miss out on making the most of their claims. As we reach the Oct 31 Tax Deadline, property investors need to maximise their assets - and make sure they're doing it correctly. Because. Tax. And.Read more

Built for pleasure with a lifestyle dedicated to sun, surf and the body beautiful, the Gold Coast is Australia’s most iconic holiday destination. It’s the best of both worlds: all the urban pace of high-rises with a glittering nightlife, balanced by pristine beaches, surf breaks, epic sunsets, natural hinterlands, perfect temps and more than 300Read more

Six performances of opera AIDA lands on Coolangatta beach from September 21 – 30 with what has to be the Gold Coast’s most ambitious outdoor production. Opera Australia’s Griffith Opera on the Beach is presenting the ultimate musical experience – certainly unlike anything available at La Scala, The Bolshoi or even Paris Opéra; grand as they are beingRead more

As the strong impulse to wander or travel and explore the world, proposed development ‘Wanderlust’ brings golden twin-tower high-rises and an entertainment district to 24 - 26 Orchid Avenue, Surfers Paradise. Intending to capture the spirit of roving and traveling, the build of the large mixed-use development with twin hotel and residential towers from theRead more

The Star Entertainment Group, Save Our Spit Alliance and Clubs Queensland are undoubtedly popping the champagne corks. And surely that’s something we never thought we’d see: an environmentally research-based community group, the peak industry body for registered and licensed community clubs in Queensland and the Gold Coast’s glittering gambling den sharing a common vision of harmony. The victory follows newsRead more

Moving is on the list of life's top ten most stressful events. Of course, there are re-locationist angels who can take care of everything for you - like us. But moving can be simple when planned well in advance - even if you're handling the move yourself. It’s all about careful coordination, planning and organisation.Read more

Vending machines are awesome. They’re convenient. They’re easy. Basically, they’re food, drink and unnecessary necessity ATMs. You put the monies in. You get the water/ coke zero/ bounty bar/ doritos/ Havianas/ lip gloss/ DVDs/ Apple accessories/ All Real Food Salads out. We recognise the hand-out appliance as being rather utilitarian despite dispensing skittles and rockstars alike, but in 2017Read more

New ATO legislation for all property sales over $750K officially rolls out from July 1, 2017. The government is targeting foreign investors in real estate said to be avoiding capital gains tax and will allow "the ATO to capture more property transactions". It is clear properties in high-density areas and particularly located along the EastRead more