While the latest lending data revealed an uptick in activity within certain buyer groups, the country’s peak real estate body cautioned that uncertainty surrounding inflation and interest rates is casting a shadow over the outlook. Real Estate Institute of Australia (REIA) president Hayden Groves said the April lending data showed owner-occupiers are pulling back from […]
For Australian property investors, Toowoomba has grown into one of the most attractive markets to enter due to heavy infrastructure projects and strong recent capital gains, and suburbs such as Harristown are reaping the rewards. The Queensland suburb of Harristown, located on Toowoomba’s south-western fringe, was recently named in the highly coveted Smart Property Investment […]
As demand continues to skyrocket and supply steadily diminishes, one industry expert steps forward to unpack what the future holds for listing trends. Eliza Owen, CoreLogic’s head of research for Australia, forecasts the rising demand for houses will have a significant impact on the number of houses available for sale. “Demand for dwellings has seen […]
While the uncertainty stemming from rate hikes has sidelined aspiring home buyers and property investors, an expert provides insights into how the market will shape up once the dust settles in six months. In the ever-changing landscape of the property market, various acronyms have emerged to capture the sentiments of buyers. From FOMO (fear of […]
The value of new housing loan commitments grew for the first time in March 2023 since the beginning of 2022 while first home buyers also came back to market, new data revealed. The Australian Bureau of Statistics’ (ABS) Lending Indicators data for March 2023 revealed the overall value of new housing loan commitments rose by […]
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 […]
The value of Australia’s 10.9 million dwellings totalled $9.5 trillion in April, with values continuing to increase after months of consecutive falls. According to CoreLogic’s Housing Chart data for April 2023, national home values rose 1 per cent in the three months to April, marking the first quarterly lift in home values since May 2022. […]
National home prices rose once again in April, indicating that the price downturn could be drawing to a close. >CoreLogic’s Home Value Index (HVI) recorded an increase of 0.5 per cent in April, following a rise of 0.6 per cent in March after falling 9.1 per cent between May 2022 and February 2023. Home prices […]
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 […]
Over 46 per cent of NSW postcodes could spill into the “high mortgage risk” zone next month on the back of rising rates, while repayments for recent borrowers in the eastern states are forecast to spike by around 65 per cent, according to a new report. Digital settlement platform Property Exchange Australia (PEXA) has released […]