Despite fluctuating prices over the past 12 months, eight suburbs in the Western Australian capital have seen average sale prices pass the million-dollar mark. Winthrop, Highgate, Leederville, Burns Beach, Fremantle, Carine, Hillarys and Burswood saw their median house price break the seven-figure barrier, joining perennial premium markets like Dalkeith, Peppermint Grove and Cottesloe. Winthrop saw the greatest leap in median home value, with 28.6 per cent growth over […]
Newly elected Premier Chris Minns’ pledge to address NSW’s critical housing supply problems has been commended by the state’s peak real estate body as a step in the right direction. Tim McKibbin, chief executive officer at the Real Estate of NSW (REINSW), believes the strategy will provide consumers with hope of controlling the housing crisis […]
For years, the biggest capital cities have been dominating headlines with their skyrocketing housing values. But a recent study revealed the city with the biggest 20-year median house price growth isn’t one of the usual suspects. Peter Koulizos, a property academic at the University of Adelaide and a current member of the board of Property Investment Professionals […]
Could refinancing prove valuable for home owners and investors looking to unlock extra capital this year? According to one financial expert, yes. As some 800,000 Australians prepare to exit their fixed rate mortgage over the course of 2023, Paul Glossop, chief executive officer at Finni Mortgages, recently revealed how the strategy could be harnessed by borrowers […]
There is a lot to get excited about for Brisbane’s future! Our city is already gearing up with huge infrastructure advancements in the lead up to the 2032 Olympic and Paralympic Games. This will benefit visitors to the city, but more importantly, it will have a huge and lasting impact on the local economy. Brisbane […]
A new report showed property listings in all cities experienced an increase in March, with vendors in one capital city showing greater confidence by increasing their asking prices. Data from SQM Listings showed total residential listings stood at 249,404 homes last month, up by 7.9 per cent from 231,039 in February. Sydney was the top-performing city in […]
Following a slowdown at the end of 2022, new data from CoreLogic and PropTrack indicates a reacceleration of rental growth occurred during the first three months of the new year. According to CoreLogic’s Quarterly Rental Review for Q1 2022, national rents jumped 2.5 per cent in the three months preceding March. Similarly, PropTrack’s latest Market […]
The Reserve Bank (RBA) governor has turned attention to the financial precarity of tenants, noting that rents are expected to continue rising across the nation. On the heels of the RBA’s decision to hold the cash rate at 3.6 per cent in April, Philip Lowe has addressed the Australian media in a bid to explain the board of directors’ […]
The Reserve Bank of Australia (RBA) has revealed its highly anticipated third cash rate decision of the new year. Australia’s central bank has opted to hold the cash rate at 3.60 per cent during its monthly board meeting on Tuesday April 4. It follows the release of last month’s Consumer Price Index (CPI) by the Australian Bureau of Statistics […]
Following an easing of the downturn at the beginning of the new year, Australia’s home values rose 0.6 per cent in March, according to CoreLogic. The research firm’s latest Home Value Index (HVI) covering March revealed Australian home values posted their first month-on-month rise (0.6 per cent) since April 2022, due to increases across the […]