The harbourside city has outranked the likes of New York, Toronto and Monaco in a global list measuring luxury residential rental growth. Sydney’s trophy market ranks third among the top 10 global cities with the strongest growth in prime real estate rental prices, with a significant 6.7 per cent increase over the past 12 months […]
Federal Housing Minister Julie Collins has insisted rent caps are ineffective for solving the nation’s rental crisis. Speaking on ABC News Breakfast on Tuesday morning (13 June), she espoused: “Everyone knows the Commonwealth doesn’t have the power to cap rents.” Even if the government did have the capacity, she stated, “we have data and evidence, it [rent […]
The Reserve Bank of Australia (RBA) has handed down another divisive cash rate call at its monthly board meeting on Tuesday, 6 June. With economic conditions heading into the decision leading many experts to believe the RBA’s decision was a line ball call, Australia’s central bank opted to lift the cash rate by 25 basis […]
While the latest lending data revealed an uptick in activity within certain buyer groups, the country’s peak real estate body cautioned that uncertainty surrounding inflation and interest rates is casting a shadow over the outlook. Real Estate Institute of Australia (REIA) president Hayden Groves said the April lending data showed owner-occupiers are pulling back from […]
Owning a home has been the long-standing Great Australian Dream, but a new report reveals a shift in priorities among Aussies. Financial independence is now the nation’s most common aspiration, according to Insignia Financial’s inaugural Financial Freedom Report. Among the 2,000 Australians surveyed, the top three most common aspirations were achieving financial independence (55 per cent), […]
For Australian property investors, Toowoomba has grown into one of the most attractive markets to enter due to heavy infrastructure projects and strong recent capital gains, and suburbs such as Harristown are reaping the rewards. The Queensland suburb of Harristown, located on Toowoomba’s south-western fringe, was recently named in the highly coveted Smart Property Investment […]
As demand continues to skyrocket and supply steadily diminishes, one industry expert steps forward to unpack what the future holds for listing trends. Eliza Owen, CoreLogic’s head of research for Australia, forecasts the rising demand for houses will have a significant impact on the number of houses available for sale. “Demand for dwellings has seen […]
A new report revealed the ongoing paradigm shift for the once-thriving high-end regional property markets, which are now experiencing declining property values, extended days on the market, and significant vendor discounts. Only seven of the 25 largest non-capital city regions reported an annual increase in house values in April, according to CoreLogic’s latest Regional Market […]
Australia’s island state’s opening quarter of the year has been defined by an alarming decrease in several key property metrics, according to the Real Estate Institute of Tasmania (REIT). The REIT’s March 2023 Quarterly Report provided confirmation the state’s real estate market has slowed under the weight of increasing interest rates. According to the report, the number […]
While the uncertainty stemming from rate hikes has sidelined aspiring home buyers and property investors, an expert provides insights into how the market will shape up once the dust settles in six months. In the ever-changing landscape of the property market, various acronyms have emerged to capture the sentiments of buyers. From FOMO (fear of […]