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Construction costs rising at the fastest annual pace since introduction of the GST
CoreLogic’s Cordell Construction Cost Index (CCCI) for Q1 2022 showed national residential construction costs increased 9% over the 12 months to March 2022, the highest annual growth rate on record outside of the introduction of the GST.
UrbanX raises multimillion dollar round to fund expansion & innovation for real estate agents
Billed as the future of real estate, UrbanX (“UX”) is revolutionising the traditional model by empowering Australia’s top agents to work for themselves & create their own unique brands.
11th Hour Bid Secures Prestige Property
An 11th hour registration mid-auction has resulted in the sale of a Hamilton home under the hammer for $5.4 million.
The combined capital cities' preliminary clearance rate falls back below 70% amid the busiest auction week of the year
With 3,983 homes taken to auction, the combined capitals recorded the busiest week of the year to date and the sixth busiest auction week since CoreLogic records commenced in 2008 this week. By Caitlin Fono, Research Analyst, CoreLogic.
Major Construction Safety Blitz Underway
SafeWork NSW is set to crack down on dangerous work practices with a targeted three month operation across the state.
Housing affordability needs to be front and centre this election - HIA
With the official launch of the federal election campaign HIA will be working hard to ensure that all sides of politics have a clear plan on how to help all Australians have safe and secure housing.
Bipartisan support for negative gearing should underpin property as vital part of Australia’s future - REIA
REIA launches ‘Australian Property: Our Future’ to address key issues facing the industry.
Melbourne and Sydney suburbs lead housing value declines - CoreLogic
Top end and inner-city suburbs of Melbourne and Sydney are seeing a slip in values as higher fixed mortgage rates, affordability and increased buyer choice impacts values at a granular level.
John McGrath – Returning migrants and international students will ramp up inner city market demand
According to John McGrath Chief Executive Officer of McGrath Estate Agents, returning migrants and international students are already boosting the rental market.
Where have all the properties for sale gone?
Now is a much better time to be a buyer than last year says Nerida Conisbee, Ray White Group, Chief Economist.
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