The number of capital city homes advertised for rent reached a decade low through November while regional rental ads reached the lowest level since 2009, new research showed. CoreLogic’s latest Hedonic Home Value Index has revealed “extremely tight” rental markets around Australia, with vacancy rates holding around 1.00 per cent or lower in most regions. […]
Spring has turned to summer, bringing with it a boost to the nation’s auction activity. Across the country, a 3.8 per cent activity increase resulted in 2,506 homes going under the hammer for the week ending 4 December 2022, marking the busiest week since June, when 2,528 auctions were held in a seven-day period. So […]
The world bank has warned the Reserve Bank of Australia must continue to “raise interest rates” to rebalance domestic demand and keep inflation anchored. Following the IMF’s visit to Australia, as part of its regular members’ economic and financial policies monitoring agreement, the world bank said although Australia was likely to avoid recession, it reported […]
Just three of Australia’s 25 largest non-capital city regions saw house prices rise or hold firm in the three months to October, according to CoreLogic. Previously resistant to the downswing gripping capital cities, Australia’s regional markets have now entered rapid declining cycles, led by six regions where prices fell by more than 6 per cent. […]
While the latest market downturn has given Aussies hope that getting into the property market ladder would be an easier endeavour, a new report revealed that the recent rate hikes have soured this prospect for aspiring homebuyers. New research from Domain has revealed that it is now more cost efficient to pay a mortgage on […]
With property purchasers now taking the driver’s seat during real estate transactions, an expert provides strategies on how to bag the best deal in a buyer’s market. According to Lloyd Edge, the founder and managing director of Aus Property Professionals buyer’s agency, the housing market’s shift into a buyer’s market comes following years of operating […]
Six months after initially being proposed, New South Wales’ stamp duty reforms have passed the state parliament. The law, which affords first home buyers the option between paying a smaller annual property fee or a large upfront stamp duty on their first property, was ratified on Thursday 10 November. Premier Dominic Perrottet believes the changes will […]
There are a number of areas around the country where the cooling market is about to heat up, according to new research. Well Money’s most recent Green Shoots report has outlined the locations across Australia with the strongest combination of inventory levels and days on market decreasing over the past three months. They’ve further scrutinised these suburbs […]
Perth remains a pocket-friendly destination for first home buyers, as new data reveals the top 10 suburbs in the city that won’t break the bank for aspiring home owners. Data from the Real Estate Institute for Western Australia (REIWA) showed there are 512 houses available throughout the metropolitan area for $400,000 or less at the […]
The weather may be heating up due to the spring season, but recent data showed several markets are getting chills from the recent housing downturn — making it harder for sellers to close a sale. A new report from property transaction platform Openn revealed the top 20 suburbs that are most impacted by the slowing […]