The triple whammy of weaker buyer sentiment, rate hikes and rising inflation has spread to Australia’s auction market, sending clearance rates lower over the June quarter.
John McGrath – The properties that investors shouldn’t buy
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, when purchasing a property there’s a broader rule than just ‘location, location, location’.
Doubling of foreign investor fees is the wrong message to send to the world
The Property Council of Australia said the Federal government’s decision to increase foreign investor application fees will discourage investment and hurt our economic recovery.
Sector leaders push for property tax reform; Treasurers conference presents perfect platform for change - REIV
Leading property sector organisations, the Real Estate Institute of Victoria (REIV), Australian Property Institute and Housing Industry Association (Victoria), are coming together to seek innovative property tax reform.
In changing market conditions, REIQ Auctioneer of the Year David Holmes said agents should focus on what they can influence and never mind the other noise.
Updated rate hike forecasts and the outlook for housing values - CoreLogic
According to CoreLogic’s director of research, Tim Lawless housing values are slowing and it is likely more regions will succumb to negative movements over the coming months.
Outer Melbourne joins regional Victoria in record breaking prices - REIV
The flee from city living has intensified for Victorians, according to the Real Estate Institute of Victoria (REIV), with new data showing outer Melbourne has joined regional Victoria in the latest round of record-breaking house prices.
In this week's update, William Clark, Ray White's Economics Team looks at the state-of-play in pet-friendly listings, where a landlord explicitly states intent to grant permission for a potential tenant.
Falling values spread to 40% of Australia’s house and unit markets - CoreLogic
CoreLogic’s interactive Mapping the Market tool, updated today, shows 41.9% of house and unit markets analysed in the June quarter declined in value, a significant increase on Q1, when 23.6% of markets recorded a fall in values.