Green shoots emerge in Queensland’s rental vacancy rates
The Real Estate Institute of Queensland (REIQ) says consecutive lifts in the state’s quarterly residential vacancy rate is a promising sign that rental conditions are improving.
Unseasonal uptick in auction volumes continues - CoreLogic
According to Duane Kaak, Research Analyst, CoreLogic Australia, the number of scheduled auctions across the combined capital cities is expected to record a further lift this week, up 16.7% week-on-week and bucking the seasonal trend.
Could the peak in interest rates signal an end to rising rents? - CoreLogic
According to Eliza Owen, Head of Research, CoreLogic Australia, while national rent values have never seen an annual decline in the CoreLogic series, rent growth is likely to continue moderating.
Preliminary capital city clearance rate holds above 70% - CoreLogic
According to Kaytlin Ezzy, Economist, CoreLogic, the end of school holidays across Victoria is likely to be a contributing factor to the 6.3% increase in auctions this week, with 1,518 homes auctioned across the combined capitals.
According to Nerida Conisbee, Ray White Chief Economist, it has been a stressful time for the construction industry, and by extension for housing supply and affordability.
Price stability continues across Victoria’s property market, with metropolitan units climbing 3.2 per cent to $630,500 while metropolitan houses recorded a 1.1 per cent drop to $937,500.
John McGrath, Chief Executive Officer of McGrath Estate Agents, looks at the common question in real estate, how much are certain amenities actually worth?
Sydney waterfront property commands the highest premium globally - Knight Frank
Knight Frank has released its 2023 Waterfront Homes report. The research found Sydney waterfront property commanded the highest price premium out of the 8 global cities analysed. Waterfront property in Sydney generates a 118% premium, down only marginally from 121% in 2022.
Auction activity remains steady this week with 1,426 homes across the combined capitals scheduled for auction, down just two auctions from last week. Last year over the same period, a 3.7% week-on-week increase was recorded, as school holiday activities concluded.
Growth in Australian construction costs lowest since 2020 - CoreLogic
CoreLogic’s Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new home, returned a quarterly growth rate of 0.7% for the June quarter, the lowest rate since September 2020 and well below the 1.2% decade average.