Three A's to drive WA property market: REIWA CEO Cath Hart
Affordability, appetite and low availability would drive the relative resilience of WA’s property market over the next year, according to REIWA CEO Cath Hart.
The HAFFs and the HAFF nots – An important part of housing riddle says REIA
REIA do hope the HAFF passes and rapidly funds and builds its housing targets. It is no easy task to get 30,000 homes on the ground; let alone one million by 2028.
Charm fades for Australia’s high-end regional markets - CoreLogic
Australia’s COVID-induced whirlwind love affair with the country’s hottest regional cities has run its course with values declining sharply as vendor discounts climb and days on market blow out.
Preliminary capital city clearance rates slip following a further rise in interest rates - Corelogic
Across the combined capitals, auction activity continued to ramp up this week, with 1,467 capital city auctions held, up 11.0% from the 1,322 held last week.
John McGrath – Price falls moderating as buyers return
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, 2023 is the year to buy, regardless of the type of property or price level you’re interested in.
WA property market more resilient to ninth rate rise - REIWA
The latest interest rate rise will have a more moderate impact on the WA property market than other states because of the strong local market fundamentals, REIWA CEO Cath Hart said.
RBA continues with fastest and largest rate hiking cycle on record - CoreLogic
The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting, continuing what is now the fastest and largest rate hiking cycle on record.
New listings continue to fall down 42% nationally as cost of borrowing hurts the demand to buy - Ray White Research
New listing rates in Melbourne (- 47.9%) and Sydney (-42.5%) are both down, with such heavy losses mostly being responsible for the 42 per cent decline for Australia. Every major city has had new listings decline except Hobart.
Real Estate agency business owners need to change tactics for 2023 says REAP Dashboard
Co founder of Reap Dashboard Mr Chris Mercer says, The impact of both the slowdown in sales volume and increase in business costs is here to stay and highlights the fine line between profit and loss. Its time to change tactics and real estate agency business owners that get them right will win...