The numbers that drive our future
House and unit prices may have found new record highs but interest rate cautiousness has tempered the pace of growth.
Affordable house price growth is now outpacing the luxury market - while demand for prestige apartments is growing faster than cheaper units.
Western Australia's economy has topped CommSec's State of the States report for the first time in a decade.
The median price of a residential lot in Australia reached $351,044 in the June Quarter 2024.
Record numbers moving to the strip of south-east Queensland continue to push house and unit prices up, according to economist Nerida Conisbee.
Economists say resilient labour market figures will mean the cash rate is likely to stay at 4.35 per cent until next year.
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.
Get Australian Conveyancer News Alerts pushed to you
All news, articles and insights on the Australian Conveyancer are available free and online. Subscribe to receive these insights direct to your inbox every week. Stay on top of the issues affecting the industry and your business.