Record low for average rental’s time on market
New rental listings are being snapped up quicker than ever before, according to one listings portal’s figures from the month of July. New data from PropTrack has revealed that rental properties advertised on realestate.com.au are renting in an average of 19 days, a historic low for the firm since it first began advertising homes for […]
Land tax overhaul to deepen Qld’s rental strife
The incoming raft of changes to Queensland’s land tax laws will only add more strain to the state’s already-struggling rental market, an expert warned. Property investment expert James Fitzgerald from Custodian cautioned that the federal government’s introduction of a controversial land tax would have negative implications not just for Queensland investors but for investors all around Australia. […]
Housing market continues cool-down over July quarter: CoreLogic
More data has suggested that Australia’s property prices are falling, with new figures reporting that values fell by 2 per cent last quarter. According to the property platform, this negative change is part of a larger cooling market that has been induced by a myriad of reasons, including higher inflation and interest rates. The impact […]
10 suburbs defying the current market cool down
Despite the changing tide of the Australian property market across the last few months, there remains a handful of suburbs where values have increased. The quarterly Well Money Green Shoots report has identified five house and five unit markets nationally that are bucking the national trend of falling values. The listed suburbs have experienced a combination of […]
What $700k can get you across Australia’s capital cities
On a budget? Take a look around the country and find out what kinds of property can be purchased in the sub-$700,000 range — and where you’ll get the most bang for your buck. In its July monthly review, Herron Todd White has painted a picture of Australia’s diverse property landscape by highlighting what dwelling types can be […]
Predicted July rate hike to further test home owners’ pockets
An expert is warning home owners to prepare for the full impact of a 50-basis point hike today (5 July) and to further brace for more hip-pocket pain to come as the central bank beefs up efforts to rein in inflation. With the Reserve Bank of Australia widely expected to dole out back-to-back half-percentage point […]
What regions are Millennials moving to?
The March quarter saw migration into regional centres from capital cities increase by 16.6 per cent, with this trend largely driven by young Australians. New research from the Regional Australia Institute (RAI) has found that a large portion of Australians migrating regionally were Millennials (aged 24 to 40 years old), with affordability a defining factor […]
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