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YJPA Property Advisory

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YJPA Property Advisory

YJPA is an unique property group fully integrated sales, development, property management and finance operating predominantly in Brisbane Queensland.

07/08/2023

The median rent for new tenancies in Brisbane has surged by over 17 per cent throughout this year, marking the most significant increase in a single financial year in the last ten years. According to data from the Residential Tenancies Authority, the median rent for new tenancies in the Brisbane City Council area rose from $460 per week in 2022 to $540 per week in 2023. Antonia Mercorella, the Chief Executive of the Real Estate Institute of Queensland, attributed these recent rent hikes to the persistently "historically low" vacancy rates for rental properties in Queensland.

Sources: ABC Brisbane

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04/08/2023

Brisbane experienced a modest increase of 0.1 per cent during the 2022-23 financial year. As of June 2023, the selling price for houses was at $760,000, and for units, it was $500,000. Comparing sales on a year-on-year basis, there was a decline of 5.8 per cent in monthly preliminary sales. New property listings decreased significantly by 23.2 per cent, and the total number of listings fell by 10 per cent. New listings were 6.7 per cent below the five-year average, while the total listings were a substantial 25.7 per cent below the five-year average. Despite the decline in listings, there was an increase of 20 per cent in the number of enquiries per listing in June. However, homes took three days longer to sell on average compared to the previous year, with an average of 18 days on the market in June 2023.

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29/07/2023

A 133-year-old home in Brisbane recently fetched an astonishing $2.53 million at auction.It's not only property buyers in Sydney willing to splurge on a house in need of significant renovation. The 'untouched' Brisbane house, originally constructed in 1890, has been acquired by new owners who have ambitious plans to restore it to its former glory.

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22/07/2023

The Bowen residence is a perfect blend of traditional Queenslander charm and modern sensibilities, tailored to suit the needs of a young family. At the heart of the house lies a striking oak-clad void, serving as a central gathering point that welcomes residents and guests alike with a sense of spaciousness. The interior exudes a tactile and warm ambiance, featuring carefully chosen colors, materials, and textures that harmonize with the overall architectural expression. A combination of exposed concrete, weathered timber, and granite tiling adds a sense of grounding, enhancing the connection between the house and the surrounding landscape. This integration with the outdoors is especially significant for the family, as they sought a seamless flow between indoor and outdoor spaces, allowing them to enjoy and oversee the inviting North-Eastern yard.

📸: Shaun Lockyer Architects

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21/07/2023

In June, the combined capital cities' dwelling market value increased by 1.2%, showing a slight slowdown compared to the 1.4% growth in May. The property values in the combined capitals are rising at a much faster rate than the combined regional market, where values only rose by 0.5% in June. Despite a recent rebound, home values remain 5.3% lower compared to the same time last year. Based on the current monthly growth rate, it is projected that the annual rate will stabilize by November 2023.
Nationally, home values experienced a significant increase of 2.8% in the June quarter, marking the highest quarterly growth since January 2022. However, on a monthly basis, the pace of growth eased slightly from 1.2% in May to 1.1% in June.

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14/07/2023

CoreLogic's report shows that in Brisbane, units have seen a modest 1.5% increase in median values over the past year, while housing values have experienced a notable decline of 9.9%. However, it is worth noting that since April 2023, house prices have been performing better than unit prices in the market.

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12/07/2023

Mairwar, a riverfront property named after the Brisbane River's name "Dungidau," meaning Platypus, offers a unique opportunity to create a family "compound" that caters to the needs of a large, sports-oriented family. The design of the house is carefully planned, with a focus on the central garden and tennis court, which are elevated above the surrounding road and park. This design not only protects the house from potential flooding but also provides privacy and a tranquil atmosphere. The mature landscaping adds to the beauty of the property, harmonizing the built structures with the natural environment.

📸: Shaun Lockyer Architects

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06/07/2023

Danny's House, located in New Farm, Brisbane, underwent a refurbishment that involved adding a contemporary concrete extension to the rear of the existing Queenslander-style house in 2020. The design of the house reflects a strong subtropical influence, featuring deep overhangs, protected edges, and green roof planes that soften the overall architectural expression. The house presents itself with two distinct personalities that correspond to the two street frontages, with timber elements at the front and concrete elements at the rear. The site of the house is situated on the traditional lands of the Turrbal and Jagera people, acknowledging the Indigenous connection to the land.

📸: Shaun Lockyer Architects
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04/07/2023

There is a massive mixed-use development valued at 1.2 billion dollars is set to transform Woolloongabba with the introduction of the Station Square project. Inspired by the upcoming Greater Brisbane 2032 Games, this project aims to celebrate Brisbane's unique heritage and position as a global city.
Station Square will comprise of four towers interconnected by a pedestrian link that spans Stanley Street, granting easy access to the Cross River Rail Woolloongabba underground station, with plans for a future Metro station. The development will encompass a range of components, including affordable housing, residential apartments, a luxurious five-star hotel boasting 320 rooms, an office building, and a ground-level retail complex.
While the development application is yet to be submitted, preliminary plans indicate that one of the towers could reach approximately 40 storeys, making it the tallest structure outside of Brisbane's CBD. This ambitious project showcases the potential growth and expansion of the area.

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26/06/2023

There are certain suburbs across Australia where Australians can still find homes at prices comparable to what they would have paid in 2013. This stability in median prices can be attributed to increased availability of accommodation in these areas over the past decade. Brisbane's property market has experienced substantial growth overall, while there are still a few suburbs where prices have not seen a significant increase.

📊Fortitude Valley, which is known for its vibrant nightlife and proximity to Brisbane's CBD, has actually witnessed a decline in median unit prices since 2013.

📸: Shaun Lockyer Architects

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25/06/2023

According to Domain, a data group specializing in real estate, the rebound in property prices is expected to continue throughout Australia and extend well into 2024. Despite the challenges posed by higher interest rates and reduced borrowing limits for certain buyers, the strong growth is anticipated to be driven by a growing population that outweighs these obstacles.

23/06/2023

While the real estate market has been robust, we have observed a gradual decline in auction clearance rates across major cities in the past two weeks.📉📉
Although clearance rates are still higher than average, both Sydney (74.5%) and Melbourne (72.9%) recorded their lowest preliminary auction success rates since April of this year.

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Address

2a/17 Peel Street, South Brisbane
Brisbane, QLD
4101

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

http://Www.yjproperty.com.au/

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