Amidst the uncertainty surrounding the full impact of rate hikes on the property market, an expert lays arguments as to why investors should hold an optimistic outlook for the future of real estate. Keith Ong, the co-founder and chief executive officer of RealVantage, said the movement by central banks globally — led by the US […]
Despite facing rising costs and significant building delays, one West Australian regional centre emerged as the top performer during the latest quarter. Real Estate Institute of Western Australia’s (REIWA) data showed Albany recorded a median house price growth of 2.6 per cent in the first three months of 2023, clinching the title as the state’s top-performing regional […]
Which markets are still reeling and which are rebounding from the downturn? Seven experts from Property Investment Professionals of Australia (PIPA) unpack what’s happening in each state or territory to glean what investors can expect in the coming months. The latest PIPA National Market Update highlighted here has been more buyers and investors participating in […]
Confidence is returning to the property sector, a new report showed, as savvy buyers and investors shed their cautious approach and return to the market. Since the start of 2023, there has been an observed increase in activity from educated buyers and investors who have come to the realisation that “waiting it out on the […]
The Reserve Bank of Australia (RBA) handed down its fourth cash rate decision for 2023 at its monthly board meeting on Tuesday, 2 May. One year on from its first cash rate increase of this current cycle, Australia’s central bank opted to raise the cash rate by 25 basis points to 3.85 per cent. There was […]
Nationwide home sales fell 7.2 per cent last month, according to new data from the Housing Industry Association (HIA), with cash rate increases as the primary driver. Despite a cash rate pause in April, the HIA’s New Home Sales report for March revealed the RBA’s 10 previous interest rate increases, including one a month earlier, have caused the downward […]
A new report has revealed the suburbs where property owners could potentially cash in on up to 300 per cent value increases — if they bought there in a decade ago. PropTrack’s latest report ranked Australian areas with the largest percentage increase in median house and unit prices in the 10-year period to March 2023, with […]
The NSW capital led the way nationally in terms of industrial rental growth, as low vacancy rates and supply issues supercharged rental prices in the city. New data from CBRE showed the average net face rents for super prime assets in Sydney increased by 7.5 per cent in the latest quarter, resulting in a 38.1 per cent […]
While Australia’s property markets have been labelled as the second riskiest in the world, an expert offers arguments as to why the country’s housing market conditions are not as grim as depicted. In its World Economic Outlook update for April, the global financial agency ranked the Land Down Under as the second-highest country for “housing market risk” […]
Home values in both metropolitan Melbourne and regional Victoria eased their declines during the first three months of the year, according to new data. The Real Estate Institute of Victoria (REIV) has revealed that during the March quarter, median house prices in the state capital reported a slight 1 per cent decrease to $955,500, while their […]