Australian property market

REIWA President Damian Collins said this marked the fourth quarter in a row that most regional centres had recorded an increase in median house sale price. 

CoreLogic’s Auction Market Review for the June quarter 2021 shows 31,605 homes were taken to auction across the combined capital cities in the three months to June 2021.

John McGrath founder and executive director of McGrath Estate Agents says he expects to see more foreigners wanting to set up home in Australia once the international border lifts.

CoreLogic data across 88 SA4 markets₁ shows that, as with the current housing market upswing, rental market increases have been broad-based. Annual rent increases were observed across 79 of the 88 SA4 markets analysed, ranging from a 0.2% rise in the North East and North West Melbourne rent...

CoreLogic’s Rental Review for the June 2021 quarter shows despite rental growth slowing over recent months, the latest figures take national rental rates 6.6% higher over the year; the highest annual growth in dwelling rents since January 2009.

The Perth vacancy rate increased to 1.2 per cent in June 2021, the highest-level Perth has seen since August 2020. 

REIWA President Damian Collins said of the 10 suburbs to make the list, six had more than doubled their sales tally in the 2020-21 financial year versus the 2019-20 financial year.