Cup day rate rise: Punts on for the beginning of the end - REIA
Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said REIA believes the latest interest rate rise to 2.85% should signal the end of further hikes, at least in the near future.
Six months of falls for Australia’s residential property market - CoreLogic
The geographic scope of Australia’s housing downturn broadened through October with every capital city and rest-of-state region (apart from regional South Australia) recording a drop in housing values last month.
Perth home values show resilience in October - REIWA
REIWA CEO Cath Hart said the Perth property market continues to be resilient compared to other states and credits the strong Western Australian economy, resources sector and housing affordability.
Combined capital city preliminary clearance rate slips below 60% for the first time since late August - CoreLogic
According to CoreLogic's Caitlin Fono, there were 1,908 auctions held across the combined capital cities this week, down from 2,169 over the previous week and 3,546 this time last year.
John McGrath – The shift from the beach to the bush
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, regional markets across Australia, as a group, are still growing in value despite home values in every other part of the country falling.
Double-digit fall in Sydney housing values since February peak - CoreLogic
Sydney home values are down -10.1%, equivalent to approximately $116,500, since the city hit its peak value in February 2022, CoreLogic’s daily home value index shows.
John McGrath – Why your neighbouring suburb could be a better buy
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, expensive suburbs tend to see a fall in demand first because they aren’t as affordable under tighter credit conditions.
Property Investors Seek Subdivision Opportunities in Slow Market
According to Joe Hanna, Group CEO and Managing Director of PropTech Group, more property investors are turning to subdivision as an opportunity to unlock value even in a slow market.
CoreLogic: What it will take to wipe out Australia's recent capital gains
With the recent growth phase well behind us across most regions of the country, attention is squarely focused on how much housing values could fall before levelling out.