Heat comes out of the housing market as values across Melbourne dip and Sydney slows - CoreLogic
Despite the slowdown, the national HVI reached a new record high in November. After falling -7.5% from a peak in April 2022 to a trough in January 2023, housing values have bounced 8.3% higher over the past 10 months, demonstrating a clear ‘V’ shaped recovery.
According to Nerida Conisbee Ray White Group Chief Economist, prices accelerated in November despite a rate rise as population growth hits its highest level on record.
Sydney one of 5 cities to buck global slowdown in super-prime (US$10m+) residential sales - Knight Frank
Sydney is one of five cities to buck a global super-prime slowdown, with the city seeing a rise in sales volumes for properties of US$10 million-plus over the third quarter of this year compared to Q3 2022, according to the latest Knight Frank research.
Help to Buy Scheme to assist first home buyers into housing - HIA
“The Housing Industry Association (HIA) welcomes the introduction of the Help to Buy legislation to support more young Australians access to housing and address the declining rates of home ownership in Australia,” said Jocelyn Martin, HIA Managing Director.
Housing affordability decreased in 2023, driven by a simultaneous increase in housing values, rent values and interest rates, a new report by ANZ and CoreLogic has found.
Softest capital city preliminary clearance rate since mid-March, an early sign of weaker conditions ahead - CoreLogic
Capital city auction activity held relatively steady last week, with 2,972 homes auctioned across the capitals, easing slightly from the 2,990 held the week prior.
REIA urges tenants to negotiate ‘mutual agreements’ as vacancies plummet
Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has urged tenants to seek out ‘Mutual Agreements’ with property managers if they require changes to a property.
