Australians all across the country are feeling “clear optimism” about the housing market, new data from Westpac has revealed.
ADELAIDE
Adelaide continues to buck a national trend in downward property values.
Adelaide house-hunters have almost 1500 fewer properties to choose from on the market than they did a year ago.
Australians living overseas fear the tentative green light given to international students to enter the country will further delay their return home.
Property values in more than two thirds of Adelaide suburbs have grown in the first six months of 2020, defying COVID-19 slumps in larger Australian cities.
Homeowners who have held onto property in some Adelaide suburbs for at least a decade could pocket a hefty profit if they sell up now.
Adelaide is one of three cities across the country where property values are continuing to climb despite the nationwide coronavirus-led market slowdown.
Property prices for houses up for auction across Australia were dramatically slashed during April as agents rushed to clear stock during the COVID-19 pandemic.
South Australia’s tenants, landlords and property managers are calling for more help and guidance about rental accommodation rules, as coronavirus sees tens of …
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One of Australia’s most ambitious green buildings has gained the endorsement of one of the world’s biggest environmentalists, with Sir David Attenborough giving his nod of approval to the Koichi Takada-designed Urban Forest project in Brisbane.
Developers are continuing to have strong sales success in South East Queensland, with luxury Gold Coast apartment and master planned land projects selling quickly and seemingly defying the COVID crisis.
Property markets in Adelaide and Perth are moving into overdrive, with competition among buyers getting fierce as homes sell swiftly and rental vacancies plunge.
More than 800,000 Australian mortgagors have arranged payment deferrals with their lenders since March, and with repayment holidays and government stimulus payments being wound back, some households may face a mortgage crisis if their income levels have not rebounded.
Western Australia has extended its Building Boost for new home builds, at the same time that new research has been released saying that more targeted stimulus is needed if the housing construction sector is to lead Australia’s post-COVID recovery.
Cinema rooms are being replaced by home offices, while relaxation zones are superseding the guest room, with the coronavirus pandemic prompting a seismic shift in what homeowners and renters want from residence.
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