The Housing Industry Association has released its latest sales report for the month ended in September. The monthly survey by the Housing Industry Association (HIA) — the HIA New Home Sales report — has found that new home sales have dropped by 15.7 per cent in the three months to September when compared to the previous quarter. […]
As the value of residential property in Australia has continued its fall, first home buyers’ purchases have increased, according to CoreLogic. Housing market data has confirmed the value of Australia’s 10.8 million residential real estate market was $9.6 trillion at the end of September, continuing its fall from August. Housing values continue fall As interest rates […]
Dr Woon-Weng Wong, a lecturer at RMIT University’s School of Property Construction and Project Management, said that mortgage holders and people looking to buy a home should keep in mind that an initial change in interest rates can take anywhere from six to 24 months to spread throughout the economy. He has highlighted that even […]
Bankwest’s latest Home Truths research has indicated that Generation Z buyers are set to grow in prominence, particularly in Western Australia. The research, based on a survey of 1,700 Australians, primarily focused in Western Australia, concluded that the saving and spending habits of Generation Z, or people aged 14 to 25 years old, have changed over the […]
The real estate coach and trainer has lent his thoughts on the current spring-time property market conditions. Speaking on a recent episode of Real Estate Exposed alongside Phil Tarrant, Tom Panos shared his insight into current market sentiment. Based on conversations he is having with local agents across Sydney and Melbourne, he revealed his own perception of the […]
Dwelling prices will fall eight per cent this year and be 15 per cent down peak-to-trough, according to the major bank.According to the Commonwealth Bank of Australia’s (CBA) State & Territory Quarterly Perspective, the housing market will continue to see house price declines over this year and next. CBA’s Dwelling Price Forecasts show that the major […]
The first month of spring saw the rate of reduction in national home prices ease, according to CoreLogic’s Home Value Index (HVI). In what is welcome news for home owners after the research body announced in August that prices plummeted at the quickest rate in four decades, September has seen prices fall, albeit at a decreased […]
It may be a case of “too little, too late” for property resellers looking to fetch top dollar from their sale as a new report pointed to the April quarter as the peak profit-making period. CoreLogic’s latest Pain & Gain Report revealed that the number of loss-making transactions are on the rise, indicating that sellers during the […]
While the era of strong price growth has ended for Australia as a whole, Brisbane and Adelaide have emerged as the last strongholds amid the market downturn sweeping across the country. Knight Frank’s Global House Price Index — which tracks the movement of average house prices across 56 countries globally — showed that Australia’s housing market saw […]
The NSW government unveiled the top 20 suburbs where aspiring home owners are buying in. In the year to 31 July 2022, the NSW government revealed that it has assisted first home buyers with more than half a billion in grants, duty exemptions and concessions. The top 20 suburbs to receive the benefits were Schofields, Liverpool, Wentworthville, North Kellyville, Box Hill, Parramatta, Austral, Mount […]