The Darwin real estate market is now officially back on track, says Glenn Grantham, General Manager of Raine & Horne Darwin, referencing to the latest data from the Real Estate Institute of Northern Territory.
Interest rates on hold: what does it mean for the property market?
It seems that interest rates could stay lower for longer, which is good news for the property market, mortgage holders in particular. But the outlook is less certain for first-home buyers.
Melbourne family homes have the fastest growing prices in the country
New data from the REIV shows three and four-bedroom homes in middle-ring suburbs are the fastest growing property type in Melbourne, which itself is the fastest growing market in the country.
Low inflation data suggests interest rates likely to remain low: REIA
Inflation rose 0.2 per cent in the June quarter, making an annual increase of 1.9 per cent, suggesting that interest rates will remain low for some time, says Malcom Gunning, president of the REIA.
The Ray White Group, Australia's largest real estate network, reported sales of a record $44.7 billion in the 2016-17 financial year, with Sydney, Melbourne, Auckland, the Gold Coast and regional NSW the standout markets.