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Rental Market Eases Slightly
The August 2024 Rent.com.au snapshot indicates that while the national rental market remains tight, there are signs of easing. The median weekly rent has held steady at $620 for the
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The August 2024 Rent.com.au snapshot indicates that while the national rental market remains tight, there are signs of easing. The median weekly rent has held steady at $620 for the
The Proptrack Home Price Index shows that while national home prices rose by 0.22% in August, marking a new peak, the growth pace has slowed during the winter months. Overall,
There are two opposing storylines circulating in news media about Australian real estate ownership. One storyline, repeated regularly by media, is that the Great Australian Dream is dead and that
Australia’s luxury property market has outperformed international peers, with prices holding steady despite global slowdowns triggered by rising interest rates. Knight Frank’s Prime Global Cities Index shows all four Australian
Home values in some of Australia’s most exclusive suburbs are set to rise further as billions of dollars worth of renovations are planned. In June alone, renovation approvals hit a
According to Domain’s Profit and Loss report, House sellers across Australia made record profits in the past financial year, with the average gross profit reaching $326,000. A remarkable 96% of
Auction clearance rates in Sydney and Melbourne remain steady as the spring selling season approaches, with experts predicting that an influx of listings could challenge the ongoing housing recovery. Nationally,
Australian house prices are continuing to rise, and lower inflation could put pressure on the Reserve Bank of Australia (RBA) to cut interest rates soon. Recent data suggests inflation may
Frustrated home seekers have been given a boost as property listings across Australia surged in July, providing more housing options and easing competition. PropTrack data shows that new listings in
Buyer confidence in Australia is on the rise, despite high property prices and interest rates forcing many to make significant compromises. The latest Mortgage Choice Home Loan Report reveals that
With soaring property prices and high interest rates, “rentvesting” is becoming an increasingly popular strategy for first-time buyers. Sydney resident Hayley McCoy, after struggling to save for a home deposit,
In the past three months, apartments have outpaced houses in price growth across almost every Australian capital city, with Darwin and Canberra being the exceptions due to higher supply levels.
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