The value of Australia’s housing market just hit $10 trillion again. How is this possible?
According to Eliza Owen, Head of Research, CoreLogic Australia, the combined value of Australian housing rebounded to $10 trillion at the end of August, the first time the total estimated value hit double digits since June 2022.
Queensland property keeps proving itself to be a shining performer, according to quarterly median sales results released by the Real Estate Institute of Queensland (REIQ).
Short stay accommodation soars 22.8% as Australia's rental crisis rages - REIA
REIA President, Hayden Groves said that in the March quarter, a total of 133,968 short-stay accommodation (SSA) places were available in Australia, an increase of 3.7% over the quarter and a enormous 22.8% over the past year.
The Agency's CEO Geoff Lucas said today’s interest rate decision signals that we are likely to now be entering a period of little to no interest rate changes for a considerable time.
Rates on hold but rent rises remain a problem for inflation - Ray White
According to Nerida Conisbee, Ray White Group Chief Economist, the next movement is likely to be a cut to rates, however this is unlikely to happen this year.
RBA holds as speculation mounts the rate hiking cycle has peaked
The RBA was clear that inflationary pressures, especially in the services sector, remain elevated, but the trend is heading in the right direction and the RBA remains confident inflation will return to the target range in late 2025.
Capital city auction activity inches higher for the first week of spring - CoreLogic
The first week of spring saw auction activity across the combined capitals inch higher, with last week overtaking the week prior (2,278) as the busiest auction week since before Easter (2,687).
John McGrath – What to look for at opens this Spring
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, create an inspection notebook to record information about all the homes you inspect.
All capital cities now recording year-on-year growth - Ray White
According to Nerida Conisbee of Ray White Group Chief Economist, while surprising that demand for housing is so high in such a high interest rate environment, it reflects strong population growth and a reduction in new home construction.