A new report has revealed the suburbs where property owners could potentially cash in on up to 300 per cent value increases — if they bought there in a decade ago. PropTrack’s latest report ranked Australian areas with the largest percentage increase in median house and unit prices in the 10-year period to March 2023, with […]
The NSW capital led the way nationally in terms of industrial rental growth, as low vacancy rates and supply issues supercharged rental prices in the city. New data from CBRE showed the average net face rents for super prime assets in Sydney increased by 7.5 per cent in the latest quarter, resulting in a 38.1 per cent […]
The next generation of buyers in the property market are gearing up, according to a new report from NAB, and they are exploring strategic ways to “make their money work harder for them”. Almost two-thirds of younger Australians between 18 and 29 years old have placed their savings in a high-interest account, compared to just […]
Home values in both metropolitan Melbourne and regional Victoria eased their declines during the first three months of the year, according to new data. The Real Estate Institute of Victoria (REIV) has revealed that during the March quarter, median house prices in the state capital reported a slight 1 per cent decrease to $955,500, while their […]
Despite fluctuating prices over the past 12 months, eight suburbs in the Western Australian capital have seen average sale prices pass the million-dollar mark. Winthrop, Highgate, Leederville, Burns Beach, Fremantle, Carine, Hillarys and Burswood saw their median house price break the seven-figure barrier, joining perennial premium markets like Dalkeith, Peppermint Grove and Cottesloe. Winthrop saw the greatest leap in median home value, with 28.6 per cent growth over […]
Confidence amongst mortgage borrowers spiked in April after the central bank held the cash rate unchanged this month, new data has revealed. The Westpac Melbourne Institute Consumer Sentiment Index showed that confidence amongst respondents with a mortgage lifted by 12.2 per cent in April. However, it is still 14.5 per cent below its level before […]
Newly elected Premier Chris Minns’ pledge to address NSW’s critical housing supply problems has been commended by the state’s peak real estate body as a step in the right direction. Tim McKibbin, chief executive officer at the Real Estate of NSW (REINSW), believes the strategy will provide consumers with hope of controlling the housing crisis […]
The IMF has ranked Australia’s housing market as being the second most high-risk country of 27 countries, which CoreLogic attributes to five reasons. The International Monetary Fund (IMF), which works to achieve sustainable growth and prosperity in financial markets across the 190 member countries, has suggested that Australia is second only to Canada when it […]
For years, the biggest capital cities have been dominating headlines with their skyrocketing housing values. But a recent study revealed the city with the biggest 20-year median house price growth isn’t one of the usual suspects. Peter Koulizos, a property academic at the University of Adelaide and a current member of the board of Property Investment Professionals […]
A new report showed property listings in all cities experienced an increase in March, with vendors in one capital city showing greater confidence by increasing their asking prices. Data from SQM Listings showed total residential listings stood at 249,404 homes last month, up by 7.9 per cent from 231,039 in February. Sydney was the top-performing city in […]