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Monday, May 20, 2024

Property News

Canberra’s first Build-to-Rent site in Turner hits the market

Canberra's first Build-to-Rent (BTR) site in Turner was released onto the market for sale today, which the ACT Government says will deliver more rental properties and housing options for Canberrans.

Geoscience Australia HQ sold in ACT’s largest commercial property sale

Canberra has had its biggest commercial property sale in history with Charter Hall acquiring Geoscience Australia HQ for $363.5 million.

Tuggeranong Homeworld sells for $46 million, almost 50% price growth

Tuggeranong Homeworld at Greenway has been sold for $46 million, an almost 50 per cent increase on its purchase price eight years ago.

Canberra’s rental market will ‘get worse before it gets better’

Renting in Canberra remains a daunting and difficult endeavour, with rents for both houses and units rising to new highs last quarter and remaining the most expensive in the country.

Developers face $81,000 fines in move to protect ACT waterways

Strengthened environment protection guidelines for ACT construction and land development will now see a risk-based framework for erosion and sediment control – and a hefty fine for non-compliance.

Canberra sustainable home: Blackburn House

An architecturally designed, energy-efficient, and stylish home owned by Richard and Lucy Ings, Blackburn House exudes its own personality – from the thriving lemon tree, to the modern yet unique interiors, and radiating warmth from the streaming sunlight.

$60M expansion, 19 new retailers for Marketplace Gungahlin

Marketplace Gungahlin is about to 'level up' with a $60 million expansion, including an overhead bridge and new level built above Kmart and Woolworths.

Canberrans spark the charge for energy efficient housing

Turns out, Canberrans might be ‘greenies’ after all. The ACT has scored the top spot in almost every category in the latest PropTrack Energy Efficient Housing Report exploring energy efficient homes across Australia.

Canberra house prices continue to fall, interest rates still rising

Canberra’s house prices have fallen across the 2022 June quarter, but rising interest rates and inflation continue to impact affordability, according to the latest REIA Real Estate Market Facts.

REIA: Housing, rental affordability continue to worsen

Homeownership and tenancies across Australia continue to face a lack of supply and rising interest rates, causing housing affordability to worsen in the 2022 June quarter, shows the latest REIA Housing Affordability Report.

ACT real estate industry celebrates excellence

This year's REIACT Awards attracted record submissions as 440 professionals from the local real estate sector came together on Friday night.

Canberra’s office occupancy rates show ‘resilience’

According to a recent Property Council of Australia survey, Canberra’s office occupancy rates have increased for the third month in a row during this “difficult period”.

Masters, Brown represent ACT at auctioneering titles

Sandra Masters from LJ Hooker Kippax and Alec Brown of Ray White Canberra will represent the ACT in the Australasian Auctioneering Championship (AUSTROS) next month.

ACT Constitution Place awarded Australia’s best mixed-use development

ACT’s Constitution Place has been nationally recognised at Australia’s leading property awards as the nation’s best mixed-use development and best workplace project.

Prominent property expert launches Raine & Horne Commercial in Canberra

“We love to see Canberra grow and prosper, and we are excited to be a part of its growth,” says Mark Nicholls, half of the brand-new Canberra branch to world class real estate group, Raine & Horne.

Should new homes require a 7-star energy rating? The ACT says yes

The ACT is leading the charge for national energy efficiency standards and Rebecca Vassarotti will be encouraging new homes built across Australia to increase to a seven-star energy rating, but the MBA say they need a "transitional period".

Canberra sustainable home: The Banksia

Paul Nagle, from Commonsense Sustainability Solutions, and Jodie Pipkorn, from SEE Change Canberra, reside in The Banksia – an energy efficient demonstration home built by Paul in Strathnairn, Ginninderry.

Which ACT suburb has a median property profit of $879,500?

Canberra property sellers saw hefty profits between March and July 2022 while ACT prices began to inch downwards and interest rates spiked upwards for the first time in more than a decade.

ACT renters living in coldest homes in Australia

Eight ACT renters tracked and recorded the temperature and humidity of their homes over winter, and the data paints a frosty picture of renting in Canberra during the coldest months.

Mick Gentleman quashes McKellar residential development

ACT Minister for Planning and Land Management Mick Gentleman has today used his call-in powers to refuse a proposed residential development at the McKellar shops.

ACT Ministers open energy efficient home in Ginninderry

Filled with streaming sunlight, warmth, and ACT Government Ministers, Ginninderry’s brand-new energy efficient demonstration home was officially opened today.

Elizabeth Lee to lead Canberra Liberals shadow housing ministry

In response to the ACT Government’s Budget housing package, Canberra Liberals leader Elizabeth Lee has today announced she will be fronting a shadow ministry of housing, targeting affordability and choice.

ACT combustible cladding scheme announced, property bodies concerned

Local home and apartment building owners have finally learned the details of the ACT Government’s Private Buildings Cladding Scheme this week.

Canberra’s unit prices rise 4.4% to hit new record

Canberra’s housing market was a mix of changing trends this quarter, according to Domain’s latest Quarterly House Price Report for June.

Draft ACT rental laws: REIACT ‘concerned’, lobbies say ‘good step’

The community consultation period has begun on a draft bill to end no-cause evictions in the ACT, and tenancy lobbies say it’s a “good step” but the REIACT say tenants will be the "biggest losers".

Slight easing in ACT rental market

Canberra renters could experience a slight reprieve from the scorching hot rental market with almost a 30 per cent increase in supply recorded in the latest PropTrack Rental Report for June 2022.

ACT Land and Property Report: 19,871 applications for 152 land blocks

The ACT Land and Property Report has been published today reporting a snapshot of Canberra's land and property market activity, and Canberra Liberals says Canberrans are being "deprived" while Minister Berry says the government must remain "sensible".

Which Canberra suburb’s median house value soared past $2m?

House and unit values in Canberra have been rising from new record to new record, and one Canberra suburb's median house value has soared past $2 million in the June Quarter.

Rising construction costs hurting home builders

National residential construction costs have skyrocketed by 10 per cent over the past 12 months, according to CoreLogic’s latest Cordell Construction Cost Index.

Over 1 in 5 Australian home sales in past year reach $1m or more

More than one in five homes sold across Australia in the past year attained a sale price of $1 million or more, CoreLogic’s annual Million Dollar Markets report reveals.