Timothy Hibbert, head of building and property forecasting at BIS Oxford Economics (BOE), believes the latest property tax reforms from the state “represent stimulus more than reform”. After passing through State Parliament last week, Thursday, 10 November, the “historic” tax heralded for its capacity to assist 80 per cent of home buyers in NSW has been labelled […]
Just one Aussie region maintained its market resilience over the last month. Regional South Australia remained the only area across the country to remain resilient to value declines, according to CoreLogic’s latest Home Value Index (HVI), as values in the region rose 0.1 per cent. October marked the sixth consecutive month where the research body’s […]
With the second government of the year comes the second federal budget for 2022; here is how the first budget of the Albanese government impacts the property sector. In what he described as a “solid and sensible” budget that aims to provide relief from cost-of-living pressure, Federal Treasurer Jim Chalmers announced additional commitments to the […]
A stabilisation in cash rate changes by early 2023 will likely see the market normalise, a new market report for brokers from NAB has suggested. A new report released by National Australia Bank (NAB), Market megatrends 2022: Uncovering the opportunities for brokers, has suggested that while market conditions are changing and the global economy is experiencing […]
As the value of residential property in Australia has continued its fall, first home buyers’ purchases have increased, according to CoreLogic. Housing market data has confirmed the value of Australia’s 10.8 million residential real estate market was $9.6 trillion at the end of September, continuing its fall from August. Housing values continue fall As interest rates […]
A small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, the RBA has flagged. The Reserve Bank of Australia’s (RBA) latest Financial Stability Review has provided a somewhat bleak assessment of the financial system’s current condition and potential risks to financial stability. In essence, it […]
The real estate coach and trainer has lent his thoughts on the current spring-time property market conditions. Speaking on a recent episode of Real Estate Exposed alongside Phil Tarrant, Tom Panos shared his insight into current market sentiment. Based on conversations he is having with local agents across Sydney and Melbourne, he revealed his own perception of the […]
The first month of spring saw the rate of reduction in national home prices ease, according to CoreLogic’s Home Value Index (HVI). In what is welcome news for home owners after the research body announced in August that prices plummeted at the quickest rate in four decades, September has seen prices fall, albeit at a decreased […]
According to CoreLogic’s latest Property Market Indicator Summary, there were 1,613 homes taken to auction across the combined capital cities during the week ended 2 October. That’s up 22.6 per cent from 1,316 over the previous week and 1,986 this time last year. This week’s preliminary clearance rate of 62.3 per cent is an improvement […]
A new report revealed that while national dwelling prices fell over the latest quarter, house prices in some regions and cities are digging in their heels against the double whammy of rising interest rates and inflation. The latest Real Estate Market Facts report from the Real Estate Institute of Australia (REIA) showed that the weighted average capital city […]