While almost three-quarters of Australians owned a home outright or with a mortgage in 1966, this has now plunged to only 63 per cent, according to AMP. In his latest insights, AMP Investments chief economist Shane Oliver referred to a joint report by AMP and demographer Bernard Salt titled What wealthy means to Australians in […]
As demand continues to skyrocket and supply steadily diminishes, one industry expert steps forward to unpack what the future holds for listing trends. Eliza Owen, CoreLogic’s head of research for Australia, forecasts the rising demand for houses will have a significant impact on the number of houses available for sale. “Demand for dwellings has seen […]
A new report revealed the ongoing paradigm shift for the once-thriving high-end regional property markets, which are now experiencing declining property values, extended days on the market, and significant vendor discounts. Only seven of the 25 largest non-capital city regions reported an annual increase in house values in April, according to CoreLogic’s latest Regional Market […]
Australia’s island state’s opening quarter of the year has been defined by an alarming decrease in several key property metrics, according to the Real Estate Institute of Tasmania (REIT). The REIT’s March 2023 Quarterly Report provided confirmation the state’s real estate market has slowed under the weight of increasing interest rates. According to the report, the number […]
While the uncertainty stemming from rate hikes has sidelined aspiring home buyers and property investors, an expert provides insights into how the market will shape up once the dust settles in six months. In the ever-changing landscape of the property market, various acronyms have emerged to capture the sentiments of buyers. From FOMO (fear of […]
Amidst the uncertainty surrounding the full impact of rate hikes on the property market, an expert lays arguments as to why investors should hold an optimistic outlook for the future of real estate. Keith Ong, the co-founder and chief executive officer of RealVantage, said the movement by central banks globally — led by the US […]
Despite facing rising costs and significant building delays, one West Australian regional centre emerged as the top performer during the latest quarter. Real Estate Institute of Western Australia’s (REIWA) data showed Albany recorded a median house price growth of 2.6 per cent in the first three months of 2023, clinching the title as the state’s top-performing regional […]
The value of Australia’s 10.9 million dwellings totalled $9.5 trillion in April, with values continuing to increase after months of consecutive falls. According to CoreLogic’s Housing Chart data for April 2023, national home values rose 1 per cent in the three months to April, marking the first quarterly lift in home values since May 2022. […]
Confidence is returning to the property sector, a new report showed, as savvy buyers and investors shed their cautious approach and return to the market. Since the start of 2023, there has been an observed increase in activity from educated buyers and investors who have come to the realisation that “waiting it out on the […]
Australia’s housing market may have reached a turning point with house prices in the combined capitals increasing for the first time in a year. While the 10 consecutive months of house price declines may have come as good news for first-time buyers, it had many existing mortgage borrowers watching with bated breath. But the tide […]