The state government has unveiled plans to trial a shared-equity scheme for prospective home owners in the state, as it continues its rollout of housing initiatives tied to the latest state budget. Premier Dominic Perrottet said that 6,000 places would be available in the pilot project, to be conducted over the next two years, which […]
The latest Real Estate Market Facts report from the Real Estate Institute of Australia (REIA) has found that as house prices in the March quarter rose, national dwelling values declined. REIA president Hayden Groves said the report showed the continued growth of the Australian residential property market has culminated in the industry valued at $10.2 trillion. Mr Groves […]
Melbourne’s property values retreated in May, as the Victorian capital began to feel the sting of rising rates and the city’s market dynamics continually shifted towards softer conditions. Melbourne’s property market matched Sydney’s sombre mood at the end of autumn, as the two biggest capital cities recorded the biggest declines in property values among their peers in […]
Are you thinking of investing in real estate? Here are common mistakes every beginner investor should avoid Investing in real estate is one of the most popular ways to build wealth among Aussies. As a testament to this belief, the latest data from the Australian Taxation Office (ATO) revealed that there are more than 2 […]
Affordability has become a key issue in the Australian property market as housing and unit prices continue to record consistent growth. Both metropolitan Australia, particularly Sydney and Melbourne, and regional Australia have experienced considerable growth over the past two years, leaving many Australians searching for affordable alternatives. PRD’s chief economist Dr Diaswati Madiarsmo joined SPI editor Grace Ormsby on a recent episode […]