Growth in Australian construction costs lowest since 2020 - CoreLogic
CoreLogic’s Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new home, returned a quarterly growth rate of 0.7% for the June quarter, the lowest rate since September 2020 and well below the 1.2% decade average.
LJ Hooker Group reveals six solutions that could ease Australia’s rental challenges
Implementing diverse and comprehensive strategies aimed at increasing housing supply is crucial to addressing Australia’s rental crisis, according to a new report released by the LJ Hooker Group.
Vacancy rates fluctuate, but no end in sight for rental crisis - REINSW
The REINSW Vacancy Rate Survey results for June 2023 show that while residential vacancies in Sydney have increased slightly, the availability of rental accommodation remains at crisis levels.
House prices and rents to grow further in 2023: REIWA market forecast update
House prices are still on track to achieve low to moderate growth in 2023, while unit prices will remain relatively stable, according to REIWA’s 2023 property market quarterly update.
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, be creative and consider intelligently and thoughtfully about where the new growth corridors might be.
Melbourne no longer Australia’s cheapest rental market - CoreLogic
Tenants may be relieved to hear Australia’s monthly rate of rental growth eased in June, but ongoing demand pressures and chronic undersupply has kept rental growth, particularly for units, well above long-term averages.
Interest rates on hold, but downside risks remain for the housing sector - CoreLogic
The RBA held the cash rate at 4.1%, but kept the door open for a rate hike in August, citing ongoing concerns around the trajectory of inflation amid tight labour markets and uncertainty relating to the household sector