House prices could rise by up to 6 per cent in 2023 while the share of income going to mortgage repayments could reach a record high of around 10 per cent, the major bank has predicted. In its August 2023 Australian housing update, ANZ’s senior economist Adelaide Timbrell said house prices will rise by 5 […]
The dream of owning your own home has been integral to the Australian way of life for decades. But over those decades, has achieving the goal grown harder? A new report from the Australian Housing and Urban Research Institute (AHURI) unequivocally says yes: Australians need a higher percentage of their income to buy a first […]
Perth achieved a remarkable feat in June, setting a new record for the lowest median days on market. However, new data showed that throughout the financial year 2022-23, some suburbs saw selling times of less than a week. Real Estate Institute of Western Australia (REIWA) chief executive Cath Hart said the 2022-23 financial year was […]
Investment properties have been the nation’s popular choice for building wealth, but an expert advised prospective buyers to carefully consider these five factors before venturing into the real estate market. Andrew Zbik, senior financial adviser for the financial advisory firm CreationWealth, highlighted the popularity of investment properties among Australians. He cited data from the Australian […]
Almost a third fewer first home buyers are achieving home ownership than in previous decades, with researchers warning that it could lead to increased poverty if this persists, according to new research. A report by the Australian Housing and Urban Research Institute (AHURI) revealed that the home ownership rate of FHBs born in the late […]
Do the prices being achieved in the current market support the theory that Australia’s house prices double in value every 10 years? According to Cameron Kusher, PropTrack’s director of economic research, the answer is somewhat complicated. But ultimately, while some markets have hit that market over the past 10 years, many others have not, so […]
In the sea of gold that is Smart Property Investment’s FAST 50 report, these five suburbs stick out as the most enticing for investors on a tight budget. The report, which launched in May, merged the insights of a 14-strong investment expert panel and recent housing performance drawn from open source data to form a report and ranking […]
For the second month running, the number of new homes successfully exiting the market has risen, according to new data from the Housing Industry Association (HIA). HIA’s most recent New Home Sales report, a monthly survey of the largest volume home builders in Australia’s five largest states, revealed new home sales rose 9.4 per cent during May. […]
Long a quiet performer, buyers are now becoming aware of the big gains to be made in Collingwood Park. Developed in the 1980s, the suburb located 11 kilometres west of central Ipswich has flown under the radar in decades past, but it is now getting the recognition it deserves as a family-friendly locale with infrastructure […]
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 […]