Shortage of land drives prices up, as land sales fall
Residential lot sales across Australia reached a record low of 7,236 in the March 2019 quarter, almost 50 per cent below the average of the past decade of 13,682.
Positive signs starting to emerge in Perth rental market - REIWA
New data from the Real Estate Institute of Western Australia has shown the Perth rental market held onto its first increase in median weekly rent prices since the December 2016 quarter.
CoreLogic Mapping the Market Report indicates decline in affordable housing "much less severe"
CoreLogic head of research Cameron Kusher said the geographical context of the housing market provides a relevant perspective on the performance of the housing market and the spatial distribution of housing values.
Mortgage Choice data shows fixed rate demand lowest in eight years
June approval data revealed that variable rate demand was highest in Victoria, where 86% of borrowers opted for this type of product. This was followed by South Australia (82%), Western Australia (79%), Queensland (77%) and NSW (76%).
House price expectations become positive, yet housing affordability remains a big issue
Respondents across NSW, VIC, QLD are predicting prices to go up, and more people in NT, TAS, NSW, and VIC are predicting prices will no longer fall, according to ME Quarterly Property Sentiment Report.
Celebrity couple Quade Cooper and Laura Dundovi have put their property back on the market through Michael Bacon and Simon Caulfield of Place Kangaroo Point.
PRD new offices in NSW include Tuggerah, Morisset, Macquarie Park, and Lismore. In addition, there are another three new offices at advanced stages of signing new franchise agreements.
City auction markets log highest clearance rate in over a year
There were 901 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 70.6 per cent, according to CoreLogic.
Median house price for Melbourne lowest since 2016, REIV
The Real Estate Institute of Victoria’s June 2019 quarterly data report shows middle Melbourne median house price is at $894,000, the lowest it’s been since the September 2016 quarter.