June quarter figures show 'all is well' in SA housing market, says REISA
The Real Estate Institute of South Australia has welcomed the Valuer-General’s median house price data for the 2019 June quarter, with Vice President Robin Turner saying it shows that confidence had "returned to both vendors and buyers".
Gold Coast ranks in the top 32 internationally for luxury residential price growth
The Gold Coast is the latest Australian city to rank in the top 32 for luxury residential price growth, joining capital cities Perth, Brisbane, Sydney and Melbourne on the Knight Frank Prime Global Cities Index – Q2 2019.
Sydney's preliminary clearance rate climbs above 80 per cent as market continues to make up lost ground
Auction volumes remained steady across the capital cities for the week ending August 11, while preliminary clearance rates rose in Melbourne and Sydney.
Preliminary clearance rate lower as volumes remain steady
The lower clearance rate this week was across a similar number of auctions week-on-week, with 1,100 capital city homes taken to auction, slightly lower than the 1,124 homes auctioned the week prior.
Victorian Government appoints CSV CEO and proposes new apartment designs
The Victorian Government has welcomed Dan O'Brien as the new CEO of Cladding Safety Victoria and is set to introduce new design standards for the outside of apartment buildings, to ensure new developments are built to a "high-quality, and improve the look and feel of local neighbourhoods."
The primary drivers for the turnaround in housing market performance were Sydney and Melbourne, where values have ticked higher over the past two months, taking values 0.3% off their floor in Sydney and 0.4% higher in Melbourne.
The first six months of 2019 has seen overall transactions for this year down 1.9% on 2018, and down 0.5% in cumulative value. Across the state, house prices increased 4.2% over the six months whilst units were up 6.6% and land rose 7.5%.
JLL data showed the number of apartments under construction in the inner-city regions of Australia’s six major capital cities fell a further 12% in 2Q19 to 39,660 apartments and was down 21% over the past year.
Home loan borrowers no longer complacent, says report
The Lendi Home Loan Report highlights that homeowners who settled with a non-big four lender in 2019 have signed up to loans with median interest rates between five and 22 basis points lower than borrowers settling with a big four bank.