Dwelling values across regional Australia saw the fastest quarterly growth rate in almost two years, according to new research. CoreLogic’s Regional Market Update for May 2024 has revealed that dwelling values across regional Australia rose by 2.1 per cent over the three months to April, the strongest result since the three months to May 2022 […]
New data from the major bank has revealed almost half of new property investors in 2023 were Millennials. Data released by the Commonwealth Bank of Australia (CBA) has shown 46 per cent of the bank’s new property investors in the 2023 calendar year were made up of Millennials (born 1981–96). Gen X (born 1965–80) followed […]
Australians are feeling more confident about their home-buying plans but it’s a different story for first home buyers, according to new Westpac research. The latest Westpac Home Ownership Report has found that 44 per cent of Australians plan to buy a new home in the next five years, up 9 percentage points since July 2023. […]
New research reveals that after cooling their plans through 2023, Australians are once again laying the groundwork to buy. The latest Westpac Home Ownership Report found that 44 per cent of Australians plan to buy a new home in the next five years – increasing 9 per cent since July 2023. Increases were also recorded in investors, […]
Mortgage stress decreased for the second straight month in November 2023 despite the central bank raising rates by 25 basis points, according to new research. Data released by Roy Morgan has revealed that 1.49 million mortgage holders (29.9 per cent) were at risk of mortgage stress in the three months to November 2023. This period […]
A sharp upturn in new owner-occupier loan commitments contributed to overall housing lending growth in October, but refinancing cooled off from recent record highs, according to new figures. The latest Lending Indicators data released by the Australian Bureau of Statistics (ABS) has shown that the value of new owner-occupier loan commitments surged by 5.6 per […]
Affordability, rate cuts and densification are just some of the changes set to sweep Australia’s housing market in 2024, according to Domain. As 2023 comes to a close, agents and owners around the country are watching the property market like hawks. Will supply ease up? Will property prices go down? Will rental growth waver? According […]
House prices are predicted to fall in Sydney, Melbourne, Canberra, and Hobart as interest rate rises start to bite home owners and buyers, according to a new report. SQM Research has released its annual Christopher’s Housing Boom and Bust Report 2024, in which it has forecast that Sydney’s property prices could record a moderate fall […]
A recent report revealed that seven in 10 Aussies believe owning their own home is crucial to their overall happiness. Great Southern Bank commissioned a study on the relationship between living situations and happiness, and the results are in: owning your own home makes a substantial difference to emotional wellbeing. The research report found that […]
As housing unaffordability and cost of living continue to plague Australia’s major cities, it might be time to turn to the nation’s smaller housing markets. Property Investment Professionals of Australia (PIPA)’s October national market report revealed a downturn in investor activity nationwide. New loan commitments have dropped 27 per cent among investors, and sales are […]