Construction crisis just about over says Ray White Group Chief Economist
It is therefore good news that construction costs are finally starting to ease. So much so that in Perth and Hobart, construction costs are actually declining. What has turned conditions around? By Nerida Conisbee, Ray White Group Chief Economist.
John McGrath – Why home values are likely to keep rising from here
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, there are many supportive factors pushing home values higher this Spring season across many areas of Australia.
Auction volumes rebound from long weekend lull - CoreLogic
Led by a rise in Melbourne, auction activity across the combined capitals is set to more than double this week, with 2,553 homes scheduled to go under the hammer.
Vacancy rates reach new record lows despite rental growth easing - CoreLogic
Despite worsening affordability easing the pace of rental growth in Australia, rental availability tightened in September, with vacancy rates falling to new record lows across the country.
New owner-occupiers make a return but concerns remain - REIA
Real Estate Institute of Australia (REIA) President, Mr Hayden Groves welcomed the return of home buyers but said that whilst the latest new owner occupier loan commitments for housing has grown, it remains worryingly low for future trends.
Home Value Index up 0.8% in September as demand/supply imbalance continues to push values higher - CoreLogic
Utilising a fresh model upgrade, CoreLogic’s national Home Value Index (HVI) recorded a 0.8% rise in September as the recovery trend moved through an eighth consecutive month of growth.
John McGrath – Strong auction clearance rates prove Spring market strength
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, we’re now seeing the highest number of properties going to auction this year, as more new listings flow onto the market this Spring.
According to Nerida Conisbee, Chief Economist at Ray White Group, Australian house prices increased by 6.1 per cent while units increased by 4.3 per cent over the past 12 months.