These days, achieving the great Australian dream requires a great deal of stretching and penny pinching, but new analysis indicates it could soon be largely out of reach for the average Aussie making their way onto the property ladder. According to financial comparison site Canstar, Australian home ownership could become largely unachievable should property prices […]
With home prices reaching record highs in September, PropTrack has revealed the regions that have seen the largest amount of growth. PropTrack’s latest Home Price Index for September 2023 has revealed the top regions in Australia that are leading in price growth, with Sydney dominating the top five regions of that list. The Index found […]
A property researcher has predicted an increase in investor and first-time home buyer purchases early next year, highlighting an opportunity for brokers. According to the latest research by InvestorKit, while investor activity has experienced a slowdown, 2024 is expected to usher in renewed demand as interest rates gradually ease. The report highlighted rental growth is projected […]
Overseas buyers and renters are staking a claim on the Australian property market, with nearly one in 10 aspiring renters Zooming in from abroad. Analysis conducted by the virtual tours platform Little Hinges has found that a staggering 9.3 per cent of rental inspections in August came from outside Australia. International buyers were similarly keen, […]
The state beat the Northern Territory and the ACT to the gong even if the portion of income required to meet loan repayments rose slightly in the June quarter, the state’s peak real estate body confirmed. According to data from the Real Estate Institute of Australia (REIA), the portion of family income needed to meet […]
The latest iteration of the UBS Global Real Estate Bubble Index has noted a sharp decline in housing market imbalances the world over. Analysis of the residential property prices in 25 major cities across the world saw real house prices across these cities fall by 5 per cent between mid-2022 and mid-2023. While house prices […]
Australia’s momentous start to the 2023 spring selling season has seen listings increase as if we’re beginning to see the shoots of a balanced property market sprouting. “With this spring shaping up to be busier than last, supply and demand dynamics are likely to continue rebalancing in the coming months,” explained Eleanor Creagh, PropTrack senior […]
Ahead of the Labor government’s state budget today (19 September), the NSW government has announced a new program targeting social and affordable housing. The NSW government’s $224 million Essential Housing Package has been labelled as the first step of the lengthy project to rebuild the state’s social and affordable housing system, with this initial investment […]
With Australian property values rising once more, one buyer’s agency has done the hard yards and located five areas that scream affordability. National buyer’s agency, Adviseable, identified a handful of Australian suburbs where house prices are below $550,000 primed for investors to enter. Kate Hill, Adviseable property buyer, said recently rising home values made it […]
Both housing and rental affordability continued to worsen across Australia throughout the June quarter, according to new data from the Real Estate Institute of Australia (REIA). According to the REIA’s Housing Affordability Report (HAR), it costs the average Australian making the median income almost half (46.9 per cent) of their earnings to maintain average loan repayments. The […]