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.
Having natural light indoors not only saves on electricity bills but also helps to create a more warm and inviting home. Natural lighting allows spaces to be brighter, providing much-needed illumination and warmth all the while promoting better health for you and your family and the potential of increasing your home value. Find out more about the benefits of natural lighting and how to improve natural lighting in a room, below.
One of the most obvious benefits of natural lighting is that it can reduce energy consumption and the costs associated. Having a space that is well-lit with natural light means that your house retains more heat and brightens a room without the need for electricity, saving you precious dollars on bills come times like winter!
Being exposed to natural light in the morning and late afternoon has been shown to increase concentration and focus. A naturally lit space will help you to be more productive (great for those working from home) and gives you more energy to perform daily tasks.
The natural lighting provides numerous health benefits. Research has shown that exposure to natural daylight can reduce blood pressure, boost the immune system, reduce eye strain and vision problems brought on by artificial light sources, and increase vitamin d levels for healthy bones and muscles.
If you have a smaller home/apartment or living area, encouraging more natural light inside can give off the illusion of more space. This effect is amplified by the presence of light-coloured furnishings and decor along with reflective surfaces such as mirrors and polished benchtops.
Ample windows and natural sunlight can increase the value of your home. Increased natural light makes a home, apartment or rental space appear bigger and more open. When buyers come to view your home, a bright and inviting space is more likely to catch their eye than a cold, dimly lit space. If you have beautiful natural views, windows and natural lighting can be the biggest selling point of all.
Exposure to natural sunlight helps regulate the hormones responsible for our circadian rhythm. Studies have shown that getting more sunlight during the day helps to improve sleep and sleep quality of a night. So not only is your home benefitting from a visual perspective, but you can actually feel the benefits of maximising the natural light within your space.
If you are planning on building or renovating a home you should consider ways to maximise the natural light in each space. Not only will you reap all of the benefits outlined above, but it can increase the likelihood of selling your home if you are styling your property to sell. Many homes were not built with natural light in mind. So if that is the case for your home and you are wondering how to bring light into a house, then follow these easy steps to creating natural lighting indoors:
- Get rid of anything obstructing windows (outdoor shade blinds, furniture, heavy draperies)
- Paint interior window frames and eaves white to help increase sunlight reflection
- Paint interior walls and ceilings white to further reflect natural light back into your room
- If you are wondering how to style your living room to attract more light, get rid of the heavy draperies. Choose blinds that let in more sunlight (such as Venetian blinds, plantation shutters, and sheer roller blinds)
- Strategically place mirrors or reflective furnishings to boost internal reflection
- Clean windows to allow in as much light as possible
- Install ceiling skylights to bring in more consistent light in dark rooms
- Consider glass blocks or mirrored splashbacks in bathrooms and kitchens
- Add an indoor/outdoor living space for a year-round light-filled space to entertain family and guests in
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Natural lighting indoors has the potential to increase the resale value of a house if you are planning on selling or renovating, therefore making it a key consideration when both assessing a home’s worth and attracting a bigger pool of buyers
The team at LJ Hooker are here to assist you. Whether it is styling your home to maximise natural light or preparing your home for sale. We offer you experience alongside excellent market knowledge that helps make the property process as smooth and as successful as possible.
Book a free property appraisal for advice on how to style your home to sell making the most of natural light.
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If you are ready to rent, you are likely to be super excited about moving into your own space but also a bit wary as to what to expect. Renting can be hard if you are not aware of all the different steps involved. With the current rental market, it is easy to go into panic mode and sign a contract out of fear of losing out on a property. However, it is important to take a pause and figure out exactly what you want by asking yourself some of the following questions.
This article will give you some great tips and pointers on how to navigate entering into a lease so that you can embark on your renting journey with confidence.
1.Figureoutwhereyouwanttolive
When choosing a property to rent, location is really important. You may be swayed by the modern features of a property, but neglect to consider that moving in will mean an extra-long commute time to work. It may also be the most beautiful apartment on the street but located in an unsafe area. Prior to signing any contract, do some thorough research on the area so that you will not end up regretting your choice.
Inspecting the potential rental property is a must. While it may be tempting to sign away as soon as the landlord says yes, it is important to know if what you are moving into is an accurate reflection of what is being presented. There could be issues that are not visible on an online listing, or, there may be noisy neighbours in the street during the day. It is recommended that you visit the property for a mid-week viewing as well as on a weekend.
It is good practice to not only ask the landlord or real estate agent why the property is up for rent but to also ask about the current tenants. Getting some background on the tenants may give you some helpful insight into whether or not the property is worth moving into. For example, if the tenants lived in the property for a long time then it may suggest it is a good and affordable place to live. On the other hand, a long list of short-term renters may suggest an unpleasant property, difficult landlord, or disruptive neighbours.
It is important to understand who you are going to be living with if you have decided to rent a property with roommates. Let’s face it, you do not want to end up getting stuck in a lease with someone who never cleans the dishes!
Prior to moving in with someone, it is a good idea to ask them the following questions:
“Why did you leave your last home?”
“What time do you get up? What is your work schedule like?”
“How do you spend your weekends?”
“Do you have a partner/significant other?”
“What are your expectations as a roommate?”
This will hopefully gain more insight into your roommate and uncover whether they are a good fit for you. If you are somewhat of a homebody, you do not really want a roommate who is a 24/7 party-goer. Similarly, if they are in a relationship, will you be okay with the possibility of their partner occasionally staying over?
If you are moving in with a friend, be sure that the two of you lay out some boundaries/expectations as to what will and will not be tolerated when sharing a home, as it will save a lot of stress later on.
5.Thereisimportantpaperworktohaveready
The first couple of weeks of moving into a new place is the most crucial period for a tenancy. If you are a first-time renter, you may feel overwhelmed with the paperwork you are required to prepare. However, making sure you have read through these documents and signed them will ensure nothing will go wrong.
6.Snapsomephotosbeforeyoumovein
You may have already snapped up the property, but there is more ‘snapping’ left to do! Along with your filled-in copy of the condition report, it is a good idea to take high-quality photos of the house or apartment - particularly the fittings and fixtures noted in the property condition report. This way, you have some hard evidence of the condition of the property when you moved in which will eliminate the possibility of any future disputes.
Knowing how to prepare for renting an apartment or house will make the entire lease process far easier. Renting a property is an exciting milestone, paving the way for greater independence and a space to call your own. By taking some time to consider the type of rental property you want, you will save yourself a lot of time, money, and frustration.
For hopeful tenants, the team at LJ Hooker is here to assist you. We can offer advice and guidance for renting a house so that you can find and move into your dream property with ease.
What: A unique and exciting shopping experience on Tamborine Mountain. The Tamborine Mountain Country Markets are a feast of craft and food, fresh produce and artisan goods.. The Markets are a great day out, and a fantastic place to shop for that special occasion. With great food outlets, and packed with things to see and do, the Tamborine Mountain Country Markets are a value packed day for the whole family.
Where:Tamborine Mountain Show Grounds - 386-398 Main Western Road, Tamborine Mountain
When: Held on the second Sunday of the month
What:Local growers gather in The Green Shed to deliver their homegrown produce. The market is run by the Tamborine Mountain Local Producers Association, a not-forprofit group of mostly mountain-dwelling retirees with one thing in common — a passion for growing organic vegies.
Where: Tamborine Mountain Show Grounds - 386-398 Main Western Road, Tamborine Mountain
When:Every Sunday morning from 7:00am - 12:00pm
and while
What: Situated on the picturesque Tamborine Mountain, we are a wonderfully diverse, character-filled market overflowing with things to adore. At our Markets you will find up to 125 stalls from local artists, crafts people, fresh produce, plants, books, clothing, vintage items, collectibles, jewellery, bric a brac, candles, crystals…. the list is endless and always changing. Whether you are browsing or buying, come along and treat yourself to some of our deliciously tasty food while enjoying the live music and friendly mountain atmosphere.
Where: Tamborine Mountain Show Grounds - 386-398 Main Western Road, Tamborine Mountain
When:Last Sunday of the month from 7:00am - 1:00pm
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Findoutwhatyourpropertyisworthwithadigital propertyreportfromCoreLogic,Australia’sleading propertydataprovider.Yourreportwillincludean estimatedvaluationofwhatyourpropertyisworth, you’llalsoseesuburbandmarkettrends,recent performanceinyourareaandmore.
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