CoreLogic’s national Home Value Index (HVI) was up 0.7% in March, a subtle increase on the 0.6% lift recorded in February. The uptick in the monthly rate of growth was primarily driven by stronger conditions in Brisbane, Adelaide, Perth and the ACT, along with several regional areas, offsetting a slip in values across Sydney and Melbourne. 

There is some big news coming out of Launceston as Jenkins & Co Property Tasmania launches, powered by UrbanX. The arrival of the new boutique brand also coincides with the expansion of UrbanX into the state, as they continue to grow their network of high-performing agents around Australia.

The 2022 Federal Budget delivered some good news for the Queensland real estate market, with the main initiative to tackle housing affordability being the continuation of the Home Guarantee Scheme and the doubling of the places offered.

REIA President Mr Hayden Groves welcomed Budget 2022, “With 50,000 new places coming online through the First Home Loan Deposit Scheme this is a most welcome measure. “We also welcome the additional allocation of $2 billion to the National Finance Investment Corporation’s mandate to help enable much needed supply of social and affordable housing.”