Welcomehome.Welcomehome.
Happy new year! We hope that you were able to enjoy the holiday season with family and friends.
As we look forward to what is going to happen in 2023, we are expecting price growth to stabalise and return to a more balanced market.
The PropTrack Regional Australia 2022 Report, in late December, found Queensland – both metro and regional – remained the most popular destination for internal migrants, with more people moving to the state than anywhere else in the country.
PropTrack senior economist and report author, Eleanor Creagh, said the pandemic, multiple lockdowns and more time spent at home led many to reassess their housing wants and needs.
“Housing markets in regional Australia thrived as people sought more space and more affordable homes,” she said.
“Remote working opportunities and preference shifts drove strong population growth in regional areas at the expense of the capitals, predominantly Sydney and Melbourne.”
In regional Queensland, the biggest declines from the peak have been in some of the most inflated markets, but demand for more affordable regions was holding up.
“They remain buoyed by shifting lifestyle priorities, migration trends and affordability advantages that are still in play,” Ms Creagh said.
The report found that Gold Coast and Sunshine Coast suburbs made up eight of the top 10 most in demand regional suburbs and only two suburbs outside of Queensland made the top 10 list.
“Despite population flows slowing, almost half (42%) of interstate searches are into regional Queensland,” the report said.
Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella said Qld’s market performance post-Covid had been, “nothing short of extraordinary”.
“However, consecutive interest rate rises and inflation are starting to dampen this heightened buyer activity and see households tighten their belts.”
Homes were taking longer to sell as buyers traded frenzied activity for a more considered approach, she said.
“We’re no longer seeing the bullish behaviour and aggressive unconditional offers that emerged over the past two years,” Ms Mercorella said.
“The rise of risky behaviours such as buying sight unseen, impossibly short settlement periods, and waiving coolingoff periods are hopefully behind us now.”
If you have any questions, our teams are available any time to talk about the property market, and hep you on your real estate journey.
HowtoCreateaFeatureWallwith ShannonVos
A feature wall is a great addition to an interior, but choosing a colour or design can sometimes be hit-and-miss. I’m going to show you how to create one that brings plenty of character to your space and has an architectural element. You are going to love this one...
Whatyouneed
To make a feature wall, you will need:
- A ready-made wall lining panel made from MDF panels
- Small drill
- Spacer
- Glue
- Spirit Level
- Nails
- Nail punch
Approximate time: 3 hours (excluding drying time)
Theprojectstepbystep
Step#1- First establish where you want to create a feature wall. If you are making a bedhead you could probably go from wall to wall. I want to create a cosy corner for my project, so will be zoning an area for our feature wall.
Step#2- Next step is to clear the space – which in this instance, means removing the combustion fireplace temporarily.
Step#3- MDF panels are super DIY friendly! Before we secure our panels to the wall, we need to find where the timber studs are located. You can do this by knocking on the wall and using a small drill to check if you hit any timber. Don’t worry about any holes as we will be covering these up. Put a marker on the floor or skirting boards so we can find the timber studs later.
Step#4- Measure and cut your first piece of MDF.
Step#5- It is a good idea to pre-paint the top edge as this means you don’t have to do it later when it is on the wall.
Step#6- Simply glue the back of the first panel and sit that in place. I am using spacers to keep the panels slightly away from the skirting boards.
Step#7- Once the panel is where we want it to be, we can nail it in place using the stud markings on the floor. I’m nailing these in the grooves that line up with the markers. I’m not going all the way in because I need a little bit of play to fit the next one.
Step#8- Grab the next panel, glue and install using the spacers at the bottom to keep it level. Use a joining strip to connect to the other panel and push it in tightly. Check it is level on the top and nail it off. You can repeat this process for as long as you want to go.
Step#9- I’m slipping a small 8mm tile angle that hides the exposed groove edge and will keep things neat.
Step#10- Then we are going to drive the nails in with a nail punch to seal the deal. Fill the nail holes with some putty or filler and give it a few coats of paint.
A splash of colour really lifts this zone and these panels look great in this space and in any other room. I’ve added value, character and interest to my home. Give it a go yourself.
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