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.
The numbers that drive our future
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.
Ray White Group’s Nerida Conisbee thinks falling inflation could put enough pressure on Michele Bullock and the Reserve Bank to act before the end of the year.