A major network has acknowledged that the latest rate decision from the RBA will have a knock-on effect on the traditional spring selling season. LJ Hooker Group believes that the latest interest rate rise is unlikely to bring a rush of listings in Sydney and Melbourne especially — and could even mean that fewer properties do hit […]
On a budget? Take a look around the country and find out what kinds of property can be purchased in the sub-$700,000 range — and where you’ll get the most bang for your buck. In its July monthly review, Herron Todd White has painted a picture of Australia’s diverse property landscape by highlighting what dwelling types can be […]
The property analysis outfit has reported that the current trend for Australian home values mirrors rates observed during the 2008 global financial crisis. According to the latest Corelogic Home Value Index (HVI) for July, there was a 1.3 per cent decline in Australian dwelling values nationwide. This was buoyed by value declines in Sydney (-2.2 […]
Australia’s property prices are set to decline by 15 per cent over the next 18 months, according to a new PropTrack analysis. The forecast comes from the PropTrack Property Market Outlook July 2022 report — a biannual analysis of the residential property market, which also comes with an outlook for the year ahead. According to Cameron […]
The trend of buying real estate sight unseen is here to stay, as a new report revealed that one in four buyers is looking beyond their state lines to purchase a property. Data from Little Hinges revealed that out of 3 million virtual inspections tallied over a six-month period, interstate inspections represent 27 per cent of […]
Move over, fear of missing out (FOMO); there’s a new acronym in town. The FOMO sentiment – which partly fueled the frenzied property price increases in the last two years – has been replaced by a far more measured approach to the market called fear of overpaying or FOOP, according to the principal of Michelle […]
When buying a property, people will usually check its price first. In real estate, we often talk about the market price of a house, which is the price at which it could be sold on the open market. However, the market price is different from the market value. The market price is determined by whatever […]
Despite a declining national property market, led by the activity of Sydney and Melbourne, there remain numerous regional markets where prices are on a slow uptick. Arjun Paliwal, founder and head of research at InvestorKit, has identified five regional Australian markets set to continue the COVID-pandemic boom and administer strong capital growth moving forward. “Many […]
Over 41 per cent of housing across the country lost value during the three months to June, according to new CoreLogic figures. According to this latest report, Australia’s property market downturn continued to pick up pace during the latest quarter, as more markets feel the sting of the consecutive rate hikes, rising inflation, and weaker […]
A new report showed that Australia’s property market downturn continued to pick up pace during the latest quarter, as more markets felt the sting of the consecutive rate hikes, rising inflation, and weaker consumer confidence. Out of 3,085 house and unit markets analysed across the country, CoreLogic reported that 41.9 per cent recorded a decline […]