Sydney, Melbourne and Brisbane in top 20 for global prime residential price growth
Malcolm Gunning, President of the REIA discussesKnight Frank's Prime Global Cities Index, with three Australian cities making the top 20 for global prime residential price growth.
The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria, which is seeing longer listing times and stagnant prices particularly on the east coast, according to the Real Estate Institute of Australia (REIA).
Housing affordability improving across Australia, says REIA report
Housing affordability has improved across the country despite falls in Victoria, South Australia and ACT, according to new research from the Real Estate Institute of Australia and Adelaide Bank.
Federal Budget holds good news for buyers and sellers
While the 2018 Budget had no measures specifically addressing housing supply and affordability, the Budget's approach recognised the state of the property market, according to the Real Estate Institute of Australia (REIA).
Low inflation data suggests interest rates likely to remain low: REIA
Inflation rose 0.2 per cent in the June quarter, making an annual increase of 1.9 per cent, suggesting that interest rates will remain low for some time, says Malcom Gunning, president of the REIA.
As reports begin to emerge that external cladding caused the London fire to spread so quickly, many in Australia are beginning to ask could the same thing happen here?
