After a record year in 2021, Tasmania appears on track to exceed the total value of properties sold across the state yet again in 2022. According to the Real Estate Institute of Tasmania (REIT), even with the volume of sales falling in the first six months of this year compared to last, the continued growth […]
Inflation is one of the biggest buzzwords in today’s market, but what does it spell for investors? Here are three main ways rising inflation is dictating real estate trends, according to experts. Inflation is running hot throughout the economy, but its impact is more pronounced on the housing market, according to BuyersBuyers co-founders Doron Peleg […]
The bank’s chief economist has pitched its latest Reserve Bank prediction, predicting another half-percentage hike next month, followed immediately by a freeze. If the major bank’s prediction of a fourth consecutive lift over August to 1.85 per cent is correct, this will be the highest that the cash rate has reached in over six years. […]
Both auction activity and preliminary clearance rates dropped drastically nationwide last week, continuing a downward trend. Across the combined capitals 1,864 homes went under the hammer, down from 2,364 the week prior, preliminary data from CoreLogic showed. According to the Property Market Indicator report from CoreLogic, of the 1,453 results collected so far, just 55 per cent […]
A new research showed that property owners are unlocking the equity in their homes for a range of reasons but with the same end goal: financial security and certainty. According to the latest NAB Housing Market Insights Report, many home owners who have seen an increase in the value of their homes in recent years are […]
A record number of Australians spent $1 million or more to secure a home in the past year, according to new CoreLogic data. CoreLogic’s annual Million Dollar Markets report has revealed that just under a quarter (23.8 per cent) of the 596,733 home sales that took place over the year to March 2022, went for more than $1 million. The figure marks […]
We are halfway through 2022, and we’ve passed the shortest day of the year. This winter, as temperatures plummet, interest rates are rapidly increasing, and we can expect more increases before the end of the year. In the world of real estate, despite doom-and-gloom predictions from the pundits, we are still tracking for another solid year. […]
Sydney has outranked the likes of Monaco, Hong Kong and Geneva in a top 10 list of global cities that have recorded the strongest prime real estate rental price growth over a 12-month period, according to a new analysis. A report by Knight Frank revealed that the NSW capital’s trophy market clinched the fifth spot […]
Despite national property values easing in the last few months, a new report showed that the ability of Australians to afford a home loan is at its lowest level in more than a decade during the latest quarter. Bluestone Home Loans’ Home Loan Affordability Index – which evaluates the proportion of the average income required to […]
The latest Real Estate Market Facts report from the Real Estate Institute of Australia (REIA) has found that as house prices in the March quarter rose, national dwelling values declined. REIA president Hayden Groves said the report showed the continued growth of the Australian residential property market has culminated in the industry valued at $10.2 trillion. Mr Groves […]