HSBC has forecast property prices will fall nationally, and it says Sydney and Melbourne are the most vulnerable markets.
Rents for Sydney houses have fallen to their lowest point since 2013, while some Melbourne tenants are finding landlords willing to negotiate reductions.
House prices across Melbourne and Sydney face double-digit falls over the next 18 months, warns National Australia Bank.
The coronavirus has instigated a major economic reshuffle of the Australian economy.
Economists are increasingly calling Sydney a buyer's market, as key suburbs in the city suffer a fall in asking prices due to conditions created by COVID-19.
The Commonwealth Bank has revised its property forecasts downwards, stating the coronavirus will have “profound short-term consequences” for the market.
About 40 per cent of the country's real estate auctions were withdrawn over the weekend as stricter social-distancing measures announced by Prime Minister Scott…
Across the weekend, sky-high clearance rates – the percentage of homes sold – in Sydney and Melbourne finally started to drift back to earth.
The spotlight is on Sydney's construction industry after an apartment block in Mascot was evacuated on Friday night over concerns about cracks in its basement b…
Australian Property Investor Magazine
The Real Estate Institute of NSW is heaping pressure on the state government to provide additional support for landlords affected by COVID-19, saying several insurers were not honouring rent protection policies if a tenant’s rent is voluntarily reduced, while stimulus announced to date only is available to a small percentage of property owners.
Australia’s peak real estate industry group has warned the federal government that providing stimulus for new homes and not established dwellings could have detrimental effects on the property sector and the wider economy.
Sublease office space in Sydney’s CBD has surged to a 10-year high, but COVID-19 hasn’t been the primary cause, according to analysis by commercial agency CBRE.
ASX-listed residential leasing portal Rent.com.au says a recent surge in the number of renters getting ready to move is indicative of the increasing optimism in property circles that Australia is past the worst of the coronavirus pandemic.
COVID-19 has placed stamp duty reform back on the agenda in Victoria, New South Wales and Western Australia, with state governments expected to face tumbling revenue due to a sharp reduction in transaction volumes during the crisis.
Australian Property Investor Magazine this week sat down for a virtual coffee with leading Melbourne academic, Sam Tsiaplias, a senior research fellow in the Macroeconomics Research Program at the Melbourne Institute of Applied Economic and Social Research.