Blog

Measure your Mortgage Stress

Mortgage stress is the point where a borrower breaches his or her level of home loan affordability. Personal circumstances significantly affect what is and isn’t affordable, so the one size fits all approach simply doesn’t work when measuring mortgage stress. Peter Boehm – Consulting Finance Editor with onthehouse.com.au, provides tips on how to measure your own...

Identify Investment Hot-spots Before a Suburb Gets Hot

The best time to buy into a suburb is before it becomes popular and prices start to take-off. But how do you find a hidden gem?To help you find the best location for your next property investment, Peter Boehm – Consulting Finance Editor with onthehouse.com.au, provides his top tips on identifying the signs that indicate a...

Mermaid Waters – Suburb Statistics Report

The size of Mermaid Waters is approximately 6 square kilometres. It has 7 parks covering nearly 10% of total area. The population of Mermaid Waters in 2006 was 11,647 people. By 2011 the population was 11,796 showing a population growth of 1% in the area during that time. The predominant age group in Mermaid Waters is 0-14 years.

Households in Mermaid Waters are primarily couples with children and are likely to be repaying between $1800 – $2400 per month on mortgage repayments.

In general, people in Mermaid Waters work in a non-specific occupation. In 2006, 66.8% of the homes in Mermaid Waters were owner-occupied compared with 64.9% in 2011.
Currently the median sales price of houses in the area is 630,000.

LEGAL REFORMS HERALD NEW ERA FOR QUEENSLAND REAL ESTATE

The Real Estate Institute of Queensland (REIQ) has welcomed landmark property and real estate reforms passed by the Queensland Parliament.

The long awaited split of the Property Agents and Motor Dealers Act has resulted in the creation of industry specific legislation, including the Property Occupations Act.

REIQ chairman Rob Honeycombe said the simplified laws would deliver important benefits for both real estate professionals and consumers.

TIGHT CONDITIONS RETURN TO QUEENSLAND RENTAL MARKETS

The majority of Queensland’s rental markets have returned to tighter conditions, according to the REIQ’s latest Residential Rental Survey.

REIQ CEO Anton Kardash said the survey, carried out in March across all REIQ accredited agencies, found that the majority of the state recorded lower vacancy rates compared to three months ago.

“Queensland is seeing a return to a tighter rental market,” he said. “Stronger tenant demand and a decrease in the availability of stock are the common themes across the State.”