Has the housing market already passed its “peak fear” phase? According to these experts, there are signs that the worst has come and gone. BuyersBuyers co-founder Pete Wargent acknowledged that the Reserve Bank of Australia’s (RBA) series of rate hikes had “knocked the stuffing out” of the market and predicted that the central bank’s continued […]
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 […]
Perth’s dwelling prices fell in August, as the West Australian capital finally joined the other capital city markets around the country with softening prices. But data showed that there are Perth suburbs defying the downturn. Perth bid goodbye not just to winter at the end of August, but to property price gains as well — as […]
Sydney still holds the title of most expensive capital city, with prices nearly doubling those of Melbourne, which is the second most expensive city in Australia. A new PropTrack report says that on the other end of the spectrum, units in Perth are now the cheapest in the capital cities. The median unit sale price in 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 popular tourist destination located on NSW’s north coast has long been one of the country’s favourite holiday havens. It possesses a plethora of tourist offerings that exceed just the pristine beaches and coves littered in and around the bustling coastal town, with Byron Bay’s infamous lighthouse offering spectacular panoramic views of the ocean as well […]
New research has identified 10 affordable and desirable Australian housing markets that offer a great opportunity for home owners. Well Money’s latest report has revealed the best suburbs within commuting distance of a major capital city’s central business district that are affordable to buyers on modest incomes. In order to come to its conclusions, the […]
The latest data from the Real Estate Institute of Queensland (REIQ) has highlighted how the Sunshine State’s property market’s growth has begun to slow. The June 2022 quarter saw Queensland’s median house prices by 3.61 per cent, while unit values climbed 1.59 per cent, with REIQ chief executive officer Antonia Mercorella indicating that these figures […]
Rising rates are causing an increasing number of Aussies to feel anxious about their mortgages, a new report has revealed, with almost 30 per cent of property owners now dreading the possibility of defaulting on their home loans. New research from home loan broker Aussie Home Loans revealed that around 75 per cent of surveyed […]
While housing values in Sydney and Melbourne are declining, an expert has highlighted that there are markets across the country where growth still has legs. InvestorKit’s founder and head of research Arjun Paliwal said the housing boom is not completely over despite the two biggest cities becoming “falling markets”. While Mr Paliwal acknowledged that the […]