Adelaide is one of three cities across the country where property values are continuing to climb despite the nationwide coronavirus-led market slowdown.
ADELAIDE
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 …
Housing markets are cyclical, and while the nation’s two biggest cities have come off the boil, other parts of the country are heating up.
Adelaide house prices ended 2018 on a high despite the nation’s overall property market reporting its biggest slump since the global financial crisis.
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Criticism is mounting for Prime Minister Scott Morrison’s $688 million HomeBuilder package, with tight timeframes and the high value of renovations needed to qualify likely to result in few people being able to access the grants.
Perth’s rental market is becoming increasingly tight, with listings plunging and strong demand for properties continuing through the coronavirus crisis, prompting calls that the city could face a rental shortage as early as next year.
Extended periods indoors have led to an upswing in home renovations, a trend likely to be bolstered even further by government incentives targeting major renovation projects.
There has been much speculation and media attention around the potential impact of COVID-19 on the Australian property market, with some “experts” predicting house price falls of up to 30 per cent. But we simply don’t subscribe to those theories for a number of reasons.
Australia’s residential construction sector has been handed a $688 million lifeline, with grants of $25,000 to be made available to build new homes or undertake significant renovations.
Melbourne house prices are falling in response to the COVID-19 crisis. Nobody knows with certainty how steep the falls will be, or how long the downturn will last, but the below analysis can help you pick the point at which broad-based growth will return to the market.
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