ABS lending stats show first home buyer and investor activity stabilising - REIA
Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the latest ABS figures on lending statistics show Australian owner occupiers are reducing activity but investor and first-time buyer activity is stabilising.
Sydney ranked 9th for the number of super-prime sales (US$10m+) over the past year - Knight Frank
Sydney is ranked ninth out of 12 key markets tracked globally for the number of super-prime sales – of over US$10 million – that have taken place in the city over the past 12 months, according to Knight Frank’s latest research.
Housing recovery accelerates: CoreLogic Home Value Index surges with strongest monthly growth since November 2021
CoreLogic’s national Home Value Index (HVI) has recorded a third consecutive monthly rise, with the pace of growth accelerating sharply to 1.2% in May.
Building approvals continue to fall as rates rise - HIA
“Building approvals in April 2023 remained at their lowest level in over a decade, with declines continuing for both houses and multi-units,” stated Tom Devitt, HIA Senior Economist.
Real estate leaders convene on the Gold Coast to discuss housing crisis
The Real Estate Institute of Australia (REIA) has today (30 May 2023) convened leaders from all over the country to understand the unique challenges Gold Coast property seekers are experiencing.
Rental affordability gap slashed; national unit rents only $39 a week cheaper than houses - CoreLogic
CoreLogic’s monthly Australian Unit Market Update shows growth across capital city unit rents continues to outpace house rents, increasing 1.6% and 0.9% in April, respectively.
Auctions record highest preliminary clearance rate since November 2021 - CoreLogic
According to Duane Kaak, Research Analyst, CoreLogic, the continued strength in the clearance rate is yet more evidence indicating the market has moved passed its floor.
According to Ray White Chief Economist Nerida Conisbee, the rental debate has been completely derailed so that the dominant messaging right now is that owners of rental properties and companies providing new housing need to be punished.
Increasing demand and an undersupply of accommodation impacts affordability for Australian renters - CoreLogic
Released today, the ANZ CoreLogic Housing Affordability Report: reflections on the pandemic and the rental market unpacks the state of affordability in the Australian rental market and looks at the many ways in which the pandemic has influenced the supply and demand of rental accommodation.
John McGrath – New value for buyers in premium regional markets
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, there is exciting new value available now for buyers in premium regional lifestyle areas following the market correction.