The slowdown in the residential market is leading to a pile-up in the number of unsold homes, with properties on sale for over 180 days recording the biggest annual increase in over a decade. Data from SQM Research showed the number of old listings on the market jumped 14.3 per cent in the 12-month period […]
The Real Estate Institute of Australia (REIA) identified the 10 key commercial real estate opportunities in 2023, with regional commercial properties named as the top pick for the sector’s practitioners, investors, and occupiers. In its inaugural State of the Industry report, the national real estate body predicted that increased numbers of people moving to regional Australia will […]
The total value of Australia’s residential dwelling has continued to fall from its $10 trillion peak, down to $9.6 trillion in the September quarter, the latest data has revealed. The latest data from the Australian Bureau of Statistics (ABS) showed the preliminary estimate of the total value of residential dwellings fell $358.9 billion to $9,674.4 […]
The Gold Coast continued to be the crowd favourite among interstate buyers, according to a new report, with southerners being the sought-after location’s top fans. Data from virtual tours platform Little Hinges showed that the Gold Coast saw 44 per cent of the more than 300,000 virtual inspections conducted by interstate buyers in October. The […]
New mortgage volumes have fallen as NSW’s market downturn continues to tighten its grip on the state, according to new research. Data from the NSW Land Registry Services revealed that new mortgage volumes in the year to September 2022 decreased by 15,944 (8.7 per cent) when compared to the year preceding September 2021. The research […]
There’s no end in sight for super-low national vacancy rates, which slipped to 1 per cent in October, according to SQM Research. Having spent September resting at 1.1 per cent, vacancy rates fell to extreme lows across the last month, ensuring tenants’ difficulty in securing a property remains. In total, there are 30,929 residential vacancies […]
Rising business prospects and job opportunities in regional areas are giving more Aussies a bigger cause to pack up and move, according to a new report. The latest quarterly Regional Movers Index showed that quarterly migration flows to regional areas have averaged around 15 per cent higher in the 12-month period to September 2022 compared […]
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 […]
The government’s HomeBuilder grants, handed out during the pandemic, “overheated” the residential construction industry, a review has found. The KPMG review of the HomeBuilder program done on behalf of the Treasury found the up to $25,000 grants for home builders and renovators stimulated the sector as it was intended to do, however, arguably too much. The […]
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 […]