The numbers that drive our future
Australian homes have reached $11 trillion for the first time - but the speed of growth is slowing, according to latest CoreLogic data.
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.
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.
The Reserve Bank is warning a looming cap on international students could affect economic growth, as a parliamentary report examining the proposal was delayed.
While pessimism still dominates, consumer sentiment read is the best since the RBA interest rate tightening phase began two and a half years ago.
Eight of the country’s top economists on when they think the RBA will make a change to the cash rate.
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.
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.
New research from CoreLogic and the ABS shows almost a third of Australian suburbs have an average $1m price tag - and the country's household property portfolio has reached a record $16.5 trillion.
A fifth of Australians looking to move are searching for interstate properties, according to new data.
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