There is still strong demand for property in the eastern states, says Louis Christopher, managing director of SQM Research. Sellers were simply staying out of the market in April, waiting for the holidays to end, he says.
CEO of Property Council hoses down vacant property tax speculation
Ken Morrison, Chief Executive of the Property Council of Australia, condemns as 'myth' the findings by Prosper Australia that 4.8% of Melbourne's homes lie vacant.
The preliminary clearance rate across Australia's five capital cities last week was 76.9 per cent, up from 69.8 per cent the previous week, according to CoreLogic.
Knight Frank has added an Australian arm to its global network of prestige residential agents, with Deborah Cullen moving from Colliers to head up the team.
Young Aussies fear being locked out of property market forever
Ben Peters lives with his parents, and has been saving to buy his own home for more than ten years. Despite a few misses at auction, his home ownership dream remains intact.