Mapping the Market: Almost 80% of Australia’s house and unit markets now in decline - CoreLogic
Australia’s housing market downturn has become more widespread, with four in five house and unit markets analysed across the capital cities recording a fall in values over the past three months, almost double the number that declined in the previous quarter.
Multi-faceted approach key to solving supply crunch, says REIQ
The Real Estate Institute of Queensland (REIQ) is encouraging the government and stakeholders at the upcoming Housing Summit to take a multi-faceted approach to address the state’s housing crisis.
John McGrath – Is Australia’s place in the sun set to rise?
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, net overseas migration is forecast to return to pre-COVID-19 trends and remain steady at 235,000 people from 2024-25 onwards.
CoreLogic Auction Market Preview: Auction volumes hold steady yet almost 40% below last year's numbers
An early view of scheduled auctions over the coming fortnight suggests auction activity is set to rise, with more than 4,000 capital city auctions expected to be held over the last two weeks of October.
Combined capitals records the highest preliminary clearance rate since late May
After being impacted by multiple public holidays over the past few weeks, auction activity was on the rise this week across the combined capitals according to Kaytlin Ezzy, Economist, CoreLogic.
National vacancy rates hit record low as affordability starts to impact rent hikes
As Australia’s rental market continues to tighten to record levels, the pace of rental growth has started to ease, suggesting affordability constraints are having an impact.
Loan commitments fall but first home buyers on the rise - REIA
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the latest lending figures released by the Australian Bureau of Statistics (ABS) show the total value of new loan commitments for housing fell 3.4 per cent to $27.4 billion in August 2022 (seasonally adjusted), after...
Debt held by foreign banks soars by 20% according to Plan1
Plan1 Co-founder, Richard Jenkins said analysis of the latest APRA statistics show total CRE debt grew by a whopping $35 billion over the 12 months to June 2022, greatest growth since 2008.