Oct 10, 2024
Auction boom as housing market remains buoyant
Analysts are forecasting a busy October and a surge in November as a mixed bag of influences come into play for the spring selling season.
Lewis Panther
Oct 10, 2024
Worst year for new homes in a decade shows need for action on shortages
Low apprenticeship numbers will worsen the nation’s housing crisis if action is not taken immediately.
Oct 9, 2024
New build apartments to grow by almost a quarter
Over the next 10 years, demand for housing is expected to benefit from a combination of population growth of 3.9 million and employment growth of 2.6 million with income rising by $36,000.
Oct 9, 2024
New data shows long road ahead for housing target
Australia is building 15,000 fewer homes than needed each quarter to reach the 2029 target of 1.2 million new homes by 2029, data from the Australian Bureau of Statistics shows.
Oct 9, 2024
Consumers think the RBA’s interest rate hikes have ended
While pessimism still dominates, consumer sentiment read is the best since the RBA interest rate tightening phase began two and a half years ago.
Oct 8, 2024
When will the Reserve Bank cut rates?
Eight of the country’s top economists on when they think the RBA will make a change to the cash rate.
Oct 8, 2024
Sharp fall in approvals for higher density homes
Master Builders Australia says new Australian Bureau of Statistics data for the month of August revealing a 6.1 per cent decline in the total number of new home building approvals is cause for alarm.
Oct 4, 2024
Auction clearances decline six weeks in a row.
There are currently 2,007 capital city homes scheduled for auction, up 9.3% on last week when 1,836 homes were taken to auction, but substantially down on the same time last year when that figure stood 2,446.
Oct 3, 2024
Two surveys show rental growth slowing after a four-year surge
Rental growth is starting to ease after four years of runaway rises and prices climbing more than by 40 per cent, according to analysis by both Domain and PropTrack.
Oct 3, 2024
Wealthy Australians prop up the $10 million-plus property market
Demand for houses heading towards the $20 million mark is strong, with local buyers and upgraders the most active in the prestige residential market, a new CBRE survey shows.
