More houses available but selling them is still tough
Auction clearance rates are still low despite volumes improving across the country, especially in Melbourne, which had a surge in homes going under the hammer.
Buyer Demand
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Property
Cheaper properties showing higher rate of price decline
Economist says prices for cheaper houses are falling faster and 'the main driver of this is the Budget's changes to negative gearing and capital gains tax and the subsequent withdrawal of investors'.
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Property
Key groups herald continued slump in home prices
REA boss says ‘the interest rate rise, tax changes and the cumulative impact of higher borrowing costs weigh on buyer demand’.
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Property
Regional home prices are holding up
As gloom envelops the property market, homeowners outside of the major cities have at least seen values rise over the past 12 months.
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Property
Fear and panic gripping house sales and auctions
Expert says buyers ‘worry they’ve paid too much or that the market will drop further, and they pull the pin’.
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Economy
Another new homes sales fall signals tough year ahead – HIA
A new housing industry report records a four-month market slowdown that implies the cooling will continue well into 2027.
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Property
Sellers hold back as economic conditions bite
Economist says ‘sellers are pulling back – tightening supply and changing the outlook for Australia’s two largest housing markets’.
Economy
Economic constraints to soften decline in national house prices
Chief economist says ‘the recent pace of decline allows us to test how long the downturn would need to last to produce a significant fall’.
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Property
Regional housing market booms, outpacing capital cities
Buyers are turning to regional Australia for housing affordability, but little relief can be found in some of the fastest-growing areas outside the cities.
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Practice
What’s it like running a rural conveyancing firm
As more and more Australians are moving out of the unaffordable capital cities, rural conveyancer Luke Seve talks through the intricacies of running his firm in Dubbo.