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What can you buy for around $750K go in regional and metro areas right now?
What can you buy for around $750K go in regional and metro areas right now?

7NEWS

time15-07-2025

  • Business
  • 7NEWS

What can you buy for around $750K go in regional and metro areas right now?

Australia's housing market continues to show signs of resilience, with fresh data highlighting how metro and regional areas are performing - and where buyers get more bang for their buck. Despite the pressures of cost of living and higher interest rates in past years, recent data from Cotality shows almost 45 per cent of suburbs nationwide are now sitting at record highs. The current climate: continued growth Across both metro and regional areas, Cotality's July Housing Chart Pack found 44.8 per cent of 3,722 suburbs analysed had reached a peak in value by the end of June, and this number is expected to climb beyond 50 per cent in the coming months as growth accelerates. Brisbane and regional Queensland are leading the way, with 78 and 77.7 per cent of suburbs respectively at a record high. The regions are also continuing to fare well, even if the gap is narrowing. The data showed that while the combined regions (1.6 per cent) are still outperforming the capitals (1.4 per cent) on a quarterly basis, the performance gap has narrowed, with the combined capitals recording stronger monthly gains through both May and June (0.6 per cent vs 0.5 per cent). Cotality economist Kaytlin Ezzy said that suburb-level data "shows how widespread this growth phase really is." "The fact that so many suburbs are either at or just shy of their peak shows not only the diverse recovery in markets like Sydney and Melbourne, but also the continued resilience of recent hotspots including Brisbane, Perth and Regional Australia." Some market divergence an opportunity The modelling also demonstrates that there is some divergence, so while most capitals and rest-of-state regions are celebrating new highs, recovery in others have been more sluggish. "Across Melbourne, only 12.9 per cent of suburbs saw record highs in June. In Canberra, only eight markets were at peak, while just one suburb (Brighton) recorded new highs in Hobart," Ms Ezzy said. "Despite home values trending higher through most of 2025, values across these broader regions remain -3.9 per cent, -5.3 per cent and -10.2 per cent below their respective 2022 peaks. This provides an opportunity for hopeful buyers. Rate hold impact yet to unfold Of course, the July rate hold will also influence market sentiment. Economist and property market analyst Cameron Kusher noted that the RBA "surprised pretty much everyone by not changing the cash rate from 3.85 per cent." "It is highly likely more relief will be coming soon... [however] expectations of the number of cuts has now reduced. Interest rate relief appears to be coming, but it is coming later and there will seemingly be less relief," he said. "Given this, it will be interesting to monitor how this impacts on housing market sentiment over the coming weeks." What $750,000 will buy you: regional vs metro Affordability, location, and supply remain the biggest factors for buyers navigating Australia's two-speed housing recovery. We take a look at what you can get with a budget of $750,000 across regional vs metro areas in the current real estate climate. Spoiler: it's still remarkably better bang for buck in regional areas. The Hunter, NSW This three-bed home on over 610 square metres in family-friendly Medowie is asking $729,000 to $749,000. It's 30 minutes' drive to both Newcastle and Nelson Bay, and only 10 minutes to the airport. Bang on budget at $749,000 this "character-filled cutie" in Newcastle's North Lambton has three bedrooms and two bathrooms. This three-bed weatherboard house in Cessnock has been beautifully updated while still retaining its charm. There's also a pool out back. It's on the market for $690,000 to $720,000. Illawarra, NSW This fully detached two-bed townhouse with renovated bathroom and parking in Shellharbour's Flinders neighbourhood is seeking $699,000 to $729,000. This two-bed townhome with two secure parking spaces is nestled peacefully at the back of this small complex. It's guiding $640,000 and is in a prime location with good rental yield. Ballarat, VIC Modern comfort meets classic charm in the heart of Ballarat with this three-bed, two-bath house. The updated beauty features a state-of-the-art hydronic heating system and a split system for year-round climate control, and parking for three cars. The guide is $690,000 to $730,000. After an airbnb investment? This colourful designer two-bed- two-bath home is equipped with snazzy features like floor-to-ceiling east and north facing double glazed windows and heated concrete floors. It's seeking $649,000 to $669,000. This contemporary four-bed, two-bath home is in one of Wendouree's most sought-after streets. The pitched roofline floods the space with natural light, and there's a gourmet kitchen. It's asking $685,000 to $745,000. Orange, NSW In the heart of fashionable East orange, this beautifully presented three-bedroom double brick duplex has 1920s heritage charm alongside modern comforts. Interestingly, the neighborhood duplex at 147 Edward Street is also for sale, and both have been leased as successful AirBnBs for many years. Buy one or buy both, and rent one out but keep the other as your Orange base. Launceston, TAS This versatile 1900s character home on a corner block in sought-after South Launceston has commercial potential. The listing covers two dwellings, with a self-contained cottage connected by an atrium, which could be dual tenancy or your own business, cafe, or consulting rooms. They're asking for offers over $695,000. Melbourne, VIC This beautifully presented two-bedroom, two-bathroom, garage townhouse in Thornbury offers the perfect blend of modern comfort and lifestyle convenience, not far from the vibrant cafe and shopping precincts of High Street. It's for sale with a guide of $680,000 to $740,000. Want to be near the action? This two-bedroom, twin-level townhouse is in the heart of St Kilda and is seeking $650,000 to $690,000. Sydney, NSW There are currently no standalone houses for sale in Sydney under $750,000. Townhomes are also a stretch, but if you're happy to be in Greater Sydney you can still find one here or there. One example is this two-bed, one-bath townhome in Rouse Hill, walking distance to the new Tallawong metro station and for sale for $680,000 to $700,000. If you want to be super close to the city, you're limited to one-bed flats. This apartment in North Sydney sits tucked away on a pedestrian-only lane between transport options and leafy streets with cafes. It's guiding $695,000. Brisbane, Qld Brisbane's property market has exploded. In fact, Cotality data released Monday found house values have surged 76 per cent since 2020. It's now the second-most expensive city to buy property after Sydney. This two-bed, two-bath parking apartment in the vibrant West End is asking for offers over $720,000.

House values break ceiling in almost half of suburbs
House values break ceiling in almost half of suburbs

Perth Now

time10-07-2025

  • Business
  • Perth Now

House values break ceiling in almost half of suburbs

Housing market values in almost half of all Australian suburbs are at all-time highs - and plenty more are expected to join them. In a sure sign the housing market has recovered, property platform Cotality, formerly known as CoreLogic, released data on Friday showing record values in almost 45 per cent of suburbs. Queensland's market is booming with almost four-in-five (78 per cent) suburbs in Brisbane at peak dwelling values and regional markets in the state about the same mark. Three-quarters of Perth's suburbs have hit record values, as have 61 per cent of Adelaide's. "While national indices provide a macro view, suburb-level data shows how widespread this growth phase really is," Cotality economist Kaytlin Ezzy said. "The fact that so many suburbs are either at or just shy of their peak shows not only the diverse recovery in markets like Sydney and Melbourne, but also the continued resilience of recent hotspots including Brisbane, Perth and regional Australia." The property data firm has predicted the proportion of suburbs at peak value will rise to 50 per cent in the coming months on the back of national dwelling value growth in June. In Australia's most expensive housing market, 37 per cent of Sydney suburbs were at record highs, while just 13 per cent of Melbourne's reached new highs. At the other end of the spectrum, only one suburb in Hobart and eight per cent of suburbs in Canberra reached peak prices. Almost six in 10 regional South Australian suburbs and 54 per cent of regional Western Australian suburbs climbed to all-time dwelling value marks. Referencing the recent upward trend in Melbourne, Hobart and Canberra, Ms Ezzy noted they were each well below 2022 peaks. "While this might be received as bad news for homeowners, prospective buyers in these markets are in the position to access housing at prices lower than they were three years ago," she said. National housing values jumped 1.4 per cent in the second quarter of 2025 - which featured long-awaited interest rate cuts - compared with 0.9 per cent growth in the first quarter. Darwin had the largest quarterly growth at 4.9 per cent, followed by Perth at 2.1 per cent. "Market dynamics across Darwin's housing market have undergone a remarkable transformation," Ms Ezzy said "After years of subdued conditions following the end of the mining infrastructure boom, we're now seeing demand and supply rebalancing in a way that supports further value growth." Cotality estimated there were about 531,000 dwelling sales in the 2024/25 financial year, up 2.7 per cent from the previous term.

'I thought my cold symptoms were just freshers' flu but it was actually cancer'
'I thought my cold symptoms were just freshers' flu but it was actually cancer'

Wales Online

time21-06-2025

  • Health
  • Wales Online

'I thought my cold symptoms were just freshers' flu but it was actually cancer'

'I thought my cold symptoms were just freshers' flu but it was actually cancer' Ezzy Pearson, 37, was beginning her first year at university when she developed what she assumed was a cold - it was much more serious Ezzy Pearson believed her cancer symptoms were all due to Fresher's flu (Image: Cancer Research UK/ SWNS ) When Ezzy Pearson started university, she put her cold symptoms down to "Freshers' flu", a common illness that many new students experience. However, what began as a runny nose, exhaustion and a persistent cough turned out to be a type of cancer called Hodgkin's lymphoma. Ezzy was 18 at the time of her diagnosis and determined not to let it get in the way of her studies. She sat all of her first-year university exams despite undergoing six months of chemotherapy, including one exam just hours after a treatment session. ‌ Nearly 20 years on and now cancer-free, Ezzy, 37, is taking part in the Race for Life in memory of her mum, Jo, who died from lung cancer at 64. She wants to help fund the research that gave her a future. ‌ She said: "On the Wednesday of Freshers' Week, I noticed a lump on the side of my neck and just felt really rubbish. I was constantly carrying around a box of tissues and assumed it was just Freshers' Flu. But when it hadn't cleared up after a month, I went to the GP." After several blood tests, she was referred to an Ear, Nose and Throat (ENT) specialist. Following a biopsy on her neck lump, she was diagnosed with Hodgkin's lymphoma, a cancer emanating from the lymphatic system, an area critical for immune defence. Despite enduring six months of chemotherapy, Ezzy - now Commissions Editor at BBC Science Focus magazine - managed to complete all her first-year university exams, one just hours post-chemotherapy. Ezzy said: "If I'd been born 30 years earlier, that diagnosis could have been a death sentence. But thanks to advances in research - much of it funded by organisations like Cancer Research UK - I had access to treatment that saved my life." Article continues below Ezzy is now going to take part in Race for Life. Ezzy said: "I was devastated when my mum died. She was a smoker, and I know there's a lot of stigma around lung cancer because of that - but it's more complex than people realise. Everyone deserves compassion and support, no matter how their illness came about. "My mum was a Scout leader and incredibly creative - I definitely take after her in my writing and creative work." Ezzy lives with her partner, Sam. They became an item soon after her mother passed away. Race for Life event in Bristol Even though Jo and Sam never met, Ezzy has found a heartfelt way to bridge the gap between them. Wearing her late mother's engagement ring as a poignant reminder, Ezzy will officially start this year's Cancer Research UK Race for Life in Bristol. ‌ Ezzy said: "After my mum passed, I started wearing her engagement ring on my right hand. When Sam and I signed our mortgage together, I moved it to my left. "It was my way of letting her know I planned on keeping him, even if I couldn't tell her in person." On Sunday, June 22, Ezzy will sound the starting horn for nearly 2,000 participants who will take on the 5k and 10k routes at The Downs, Stoke Road, in Cancer Research UK's flagship fundraiser in Bristol. Ezzy added: "I'm so excited and honoured to be starting Race for Life Bristol. It's a powerful reminder of how far we've come in cancer research - and how much more we can achieve together." She encouraged others to participate, noting, "Race for Life is just a great experience. It's not about being the fastest or the best. It doesn't matter if you run, walk or hop like a bunny - it's about coming together and doing something fantastic for a great cause." ‌ The event is part of a weekend of fundraising efforts, including the Pretty Muddy and Pretty Muddy Kids obstacle courses on Saturday, June 21. Annually, approximately 37,300 people are diagnosed with cancer in the south west. Race for Life, partnered with Standard Life (part of Phoenix Group) as headline sponsor, is a nationwide series of 3k, 5k, 10k, Pretty Muddy, and Pretty Muddy Kids events. This series raises millions each year to support life-saving cancer research efforts. Ruth Amies, Cancer Research UK's spokesperson for the south west, expressed her gratitude: "We're incredibly grateful to Ezzy for being our VIP starter at Race for Life Bristol." She highlighted the vital cause, saying, "No matter how cancer affects us, life is worth racing for. Sadly nearly 1 in 2 of us will get cancer in our lifetime but all of us can support the research that will beat it." Article continues below Stressing the event's success and significance, she said: "We're proud that Race for Life has had such a positive impact. Every pound raised supports our life-saving work, which has helped double cancer survival in the UK over the last 50 years." She added: "Our events are strictly non-competitive which means everyone can have a go- and love every minute. There's no pressure to finish in a certain time, just give it what you can. Lace up and join in. "Whether people are living with cancer, taking part in honour of or in memory of a loved one with cancer, in it for the medals or just for the fun of fundraising, there is a place for everyone." Since its founding in 1994, Race for Life has seen more than 10 million participants, raising millions of pounds for critical research.

'I found a lump on my neck I thought was flu but it was cancer'
'I found a lump on my neck I thought was flu but it was cancer'

Daily Mirror

time21-06-2025

  • Health
  • Daily Mirror

'I found a lump on my neck I thought was flu but it was cancer'

Ezzy Pearson's cold symptoms of a runny nose, exhaustion and a persistent cough turned out to be a type of cancer When Ezzy Pearson felt a lump on the side of her neck, she was not immediately worried. She has just started at university and put it down to "freshers' flu", a common sickness many new university students contract after meeting lots of new people. However, what started as a runny nose, fatigue and a persistent cough turned out to be a form of cancer known as Hodgkin lymphoma. Ezzy, from Bristol, was just 18 when she received her diagnosis. ‌ She said: "On the Wednesday of Freshers' Week, I noticed a lump on the side of my neck and just felt really rubbish. I was constantly carrying around a box of tissues and assumed it was just Freshers' Flu. But when it hadn't cleared up after a month, I went to the GP." ‌ Following several blood tests, she was referred to an Ear, Nose and Throat (ENT) specialist. Following a biopsy on the unusual lump in her neck, she was given the diagnosis of Hodgkin lymphoma, a type of cancer originating from the body's lymphatic system, a crucial part of our immune defence. Despite undergoing six months of chemotherapy, she sat all her first-year university exams, including one just hours after a treatment session. Fast forward nearly two decades, Ezzy, 37, is now cancer-free and participating in the Race for Life in honour of her mum, Jo, who tragically lost her battle with lung cancer at 64. Ezzy - now holding the role of Commissions Editor at BBC Science Focus magazine - is vowing to support the research that gave her a second chance at life. Ezzy said: "If I'd been born 30 years earlier, that diagnosis could have been a death sentence. But thanks to advances in research - much of it funded by organisations like Cancer Research UK - I had access to treatment that saved my life." READ MORE: Simple food change 'lowers blood pressure' in 2 hours - and it's not cutting salt READ MORE: High blood sugar and pressure can be lowered by eating these carbohydrate - filled foods She was heartbroken when she lost her mum, saying: "I was devastated when my mum died. She was a smoker, and I know there's a lot of stigma around lung cancer because of that - but it's more complex than people realise. Everyone deserves compassion and support, no matter how their illness came about." She remembers her mother as an inventive Scout leader, and feels her own creativity and writing talents are inherited from her. Now settled with her partner Sam, whom she met shortly after losing her mother, Ezzy continues looking forward. ‌ Although Jo and Sam never got the chance to meet, Ezzy has discovered touching ways to bridge the gap. Ezzy will have the honour of setting off the start of this year's Bristol Cancer Research UK Race for Life wearing her late mother's engagement ring. Ezzy said: "After my mum passed, I started wearing her engagement ring on my right hand. When Sam and I signed our mortgage together, I moved it to my left. It was my way of letting her know I planned on keeping him, even if I couldn't tell her in person." The event will take place on Sunday, June 22, where Ezzy will trigger the starting horn for almost 2,000 runners bracing themselves for either the 5k or the 10k at The Downs in Stoke Road. They will all be rallying for Cancer Research UK's leading fundraising event in Bristol. ‌ Ezzy continued: "I'm so excited and honoured to be starting Race for Life Bristol. It's a powerful reminder of how far we've come in cancer research - and how much more we can achieve together." She urged others to join in, saying: "Race for Life is just a great experience. It's not about being the fastest or the best. It doesn't matter if you run, walk or hop like a bunny - it's about coming together and doing something fantastic for a great cause." The upcoming weekend is full of fundraising activities, kicking off with Pretty Muddy and Pretty Muddy Kids obstacle races on Saturday, June 21. In the south west alone, around 37,300 individuals receive a cancer diagnosis each year. ‌ The Race for Life, sponsored by Standard Life (a part of Phoenix Group), brings communities together through a variety of events such as 3k, 5k, 10k, Pretty Muddy, and Pretty Muddy Kids runs across the nation. The series gathers millions each year to raise crucial funds for cancer research. Cancer Research UK's spokesperson for the South West, Ruth Amies, said: "We're incredibly grateful to Ezzy for being our VIP starter at Race for Life Bristol." She added: "No matter how cancer affects us, life is worth racing for. Sadly nearly 1 in 2 of us will get cancer in our lifetime but all of us can support the research that will beat it." Talking about the event's success and its significant role, she said: "We're proud that Race for Life has had such a positive impact. Every pound raised supports our life-saving work, which has helped double cancer survival in the UK over the last 50 years." Ruth added: "Our events are strictly non-competitive which means everyone can have a go- and love every minute. There's no pressure to finish in a certain time, just give it what you can. Lace up and join in. "Whether people are living with cancer, taking part in honour of or in memory of a loved one with cancer, in it for the medals or just for the fun of fundraising, there is a place for everyone." Since launching in 1994, Race for Life has welcomed more than 10 million participants who've raised copious amounts vital for research efforts.

Australia's median home value has increased by about $230,000 in past five years, data shows
Australia's median home value has increased by about $230,000 in past five years, data shows

The Guardian

time08-04-2025

  • Business
  • The Guardian

Australia's median home value has increased by about $230,000 in past five years, data shows

Australia's national home values have surged 39.1% over the past five years, meaning the median dwelling value has increased by about $230,000, according to new CoreLogic data. House prices jumped 39.1% in the five years to March 2025, according to CoreLogic's April Housing Chart Pack. Meanwhile, the price of an average home has grown from 4.6 times the median income in 2001, to 6.5 in 2020, before hitting a record high of 8.0 at the end of last year. Although the increase seen over the past five years is relatively mild in percentage terms compared to the historic peaks recorded in the early 2000s and late 1980s, the recent rise is far higher in dollar terms, according to Kaytlin Ezzy, a CoreLogic economist. 'While around half the increases seen during the previous peaks, when adjusted to the current median value, the rise seen over the past five years is equivalent to a roughly $230,000 increase,' she said. 'By comparison, the dollar rise seen over the five years to December 2003 was roughly $90,000 less, at $140,000, while the March 1989 increase was equivalent to around a $60,000 increase in the median.' Sign up for the Afternoon Update: Election 2025 email newsletter CoreLogic's research director, Tim Lawless, said housing affordability had continued to hit new peaks. 'Other measures of housing affordability are also at a record high, including serviceability metrics, the number of years it takes to save a 20% deposit, and how much income is required to pay rent,' he said. 'In simple terms, housing values have risen a lot faster than incomes. 'The factors behind the rapid growth in values come back to underlying demand/supply imbalances as well as a long-term trend towards lower interest rates and household debt accrual.' Sydney is the most unaffordable capital city housing market, with a ratio of housing values to incomes hitting 9.8, followed by Adelaide, with a ratio of 9. Sign up to Afternoon Update: Election 2025 Our Australian afternoon update breaks down the key election campaign stories of the day, telling you what's happening and why it matters after newsletter promotion Regional New South Wales is the third most unaffordable market with a ratio of 8.9, followed by Brisbane at 8.2. At the other end of the scale is Darwin, with a dwelling value to income ratio of just 3.9 – a reflection of relatively low values and high incomes. Ezzy said the 39.1% growth in values seen over the past five years reflected strong underlying housing demand, tight supply and a relatively resilient economy. 'Outside of a few short months of declines, values have seen strong upward pressure over the past five years, driven by low stock levels and increased demand,' Ezzy said. 'But this growth cycle remains moderate compared to earlier periods, when financial deregulation, strong economic growth and favourable demographic shifts helped fuel remarkable value growth.'

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