In the first three months of 2017, the Tasmanian real estate market recorded its highest number of sales since 2004, according to new data from the REIT.
Where is property price growth strongest around the country? Geraldton, Mermaid Beach, Kew, Karrinyup, and Burleigh Heads, according to Real Estate Investar.
Melbourne’s median house price recorded its fastest pace of quarterly growth since 2013 during the March quarter, smashing through the $800,000 barrier for the first time, according to new data from the REIV.
Housing affordability improves, but the problem remains
Housing affordability remains a significant national challenge despite the latest HIA Affordability Report showing an improvement in the early months of 2017.
'Sledgehammer' approach to risky lending could hurt economy: REIA
Malcolm Gunning, president of the REIA, has warned that the combined actions of APRA, ASIC and the banks could decrease demand for new properties to such an extent that housing supply dwindles and the construction sector weakens.