Unit values lagged behind house values in May as shifting market dynamics and changing buyer preferences narrowed the performance gap between the two sectors. CoreLogic’s latest report showed unit values underperformed for the first time since May 2022, lifting by just 0.9 per cent compared to houses, which saw a 1.2 per cent increase in […]
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 […]
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 […]
It’s not all bad news for Australia’s property markets — even if a recession does rear its head. Hello Haus founder Scott Aggett has crunched the numbers on suburbs set to not only hold their value in the face of economic headwinds, but increase, even if worst-case predictions come to fruition. “There are some dire predictions […]
There were fewer Australian properties listed for sale in January than last December, according to new data from SQM Research. Across January, 215,554 residential dwellings were listed for sale, down 5.8 per cent on December’s 228,415, as all but one capital recorded decreased listing rates, led by Adelaide’s 8.7 per cent decline, followed by Darwin (8.6 […]
Dr Woon-Weng Wong, a lecturer at RMIT University’s School of Property Construction and Project Management, said that mortgage holders and people looking to buy a home should keep in mind that an initial change in interest rates can take anywhere from six to 24 months to spread throughout the economy. He has highlighted that even […]
The number of capital city homes clearing auctions reached its lowest recorded figure in over two years, according to new data. As calculated by the property platform’s latest Auction Report, the clearance rate across Australia’s capitals was 51.8 per cent in July, the lowest rate reported since May 2020. This result reflected a 30-bp fall and […]