The first six months of 2019 has seen overall transactions for this year down 1.9% on 2018, and down 0.5% in cumulative value. Across the state, house prices increased 4.2% over the six months whilst units were up 6.6% and land rose 7.5%.
JLL data showed the number of apartments under construction in the inner-city regions of Australia’s six major capital cities fell a further 12% in 2Q19 to 39,660 apartments and was down 21% over the past year.
New home sales see growth for the first time since 2017, HIA
Around the states, new home sales rose for the June quarter compared to the previous quarter in Victoria (+5.1 per cent), Western Australia (+2.9 per cent) and South Australia (+2.6 per cent).
Home loan borrowers no longer complacent, says report
The Lendi Home Loan Report highlights that homeowners who settled with a non-big four lender in 2019 have signed up to loans with median interest rates between five and 22 basis points lower than borrowers settling with a big four bank.
A 78.5 per cent preliminary clearance rate was recorded across Sydney this week, making it the best performing capital city according to preliminary results, up from last week’s 72.8 per cent final clearance rate, according to CoreLogic.
Infrastructure Australia CEO gears up to improve collaboration and coordination
"Our population is growing and changing, the structure of the economy is shifting, and rapid technological change is fundamentally reshaping our day-to-day lives," Infrastructure Australia Chief Executive Romilly Madew told WILLIAMS MEDIA.
Among the amendments, a new section has been included in the PSBA Act that defines a disqualified person as one that fails to comply with section 111 to have an audit of the records and documents relating to trust money carried out within the required time.
Shortage of land drives prices up, as land sales fall
Residential lot sales across Australia reached a record low of 7,236 in the March 2019 quarter, almost 50 per cent below the average of the past decade of 13,682.
Positive signs starting to emerge in Perth rental market - REIWA
New data from the Real Estate Institute of Western Australia has shown the Perth rental market held onto its first increase in median weekly rent prices since the December 2016 quarter.
