Economist Refutes 10% Price Drop Speculation that property prices may fall by more than 10% have been quickly refuted by economists. Commonwealth Bank last week forecast price falls by 2023 as high as 12% in Sydney and Hobart, 10% in Melbourne and Canberra, 9% in Perth and 8% in Brisbane, Adelaide and Darwin. Economist Dr […]
According to AMP Capital chief economist Shane Oliver, The Reserve Bank won’t lift the official interest rate until 2020. So that’s great news for homeowners and investors. And he’s not the only one to share this prediction, with the cash rate at its current record low of 1.5%, most industry experts agree that there will […]
House values are tipped to continue rising, with experts backing the market to continue its solid run for the next 12 months.
Continued low supply and high demand is driving up more than sale prices, with new figures revealing rents are also increasing rapidly. SQM Research figures show decade-low vacancy rates and growing demand has lifted weekly asking rents by 13.7% nationally in the past 12 months.
This Week in Real Estate: Property news that you can trust Prices Surge As Real Estate Listings Fall National residential property listings dropped 4% in June, with old stock being cleared nationwide as the number of buyers outstrips sellers, pushing up property prices around the nation. Figures released this week by SQM Research indicate that […]
This Week in Real Estate: Property news that you can trust 218 Locations Pass $1 Million CoreLogic’s inaugural Million Dollar Markets report has identified 218 real estate markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021 compared to May 2020. The report also highlights how the current […]
This Week in Real Estate: Property news that you can trust Rents Rise As Vacancies Fall Rents are rising across Australia as vacancy rates continue to fall to unprecedented lows. SQM Research reports that the national vacancy rate fell to 1.8% in May, compared with 2.5% a year ago. SQM managing director Louis Christopher says: “Vacancy […]
This Week in Real Estate: Property news that you can trust Investor Loans Up In April The average mortgage size has risen 7% over the year to a record $563,550. This comes as the ABS reports new lending for housing rose 3.7% in April to a record high of $31 billion. Property investors are now […]
Ballarat Is Enjoying The Spoils Of Regional Relocation The shift towards regional suburbs has been the common theme in Australia since last year. The pandemic and its lockdowns only strengthened the resolve of former big city dwellers to make this move. Current data shared by CoreLogic shows the extent to which regional Australia has been outperforming […]
The Gentrification of Geelong It’s All About Regional Relocation The year the coronavirus pandemic hit is also the year that saw many Australians move cities from the crowded CBDs to the regional suburbs. It’s a trend sweeping Australia with outer suburbs appealing to buyers’ minds with the promise of a better, more affordable lifestyle. The previous […]
Book a One-On-One Appointment Today
Book a free one-one-one consultation with our qualified, award-winning experts today!
