New listings fell in five out of Australia’s eight capital cities in a sign that lockdown stress is dampening Australia’s hot property market.
CAPITALS
More than one third of Australian properties are cheaper to buy than rent.
Australia’s average house rental price has risen to a record $477 a week.
The time to save a deposit to buy an entry-level house has blown out by an additional four months on average across capital cities.
The housing market is running out of records to smash, as Australia experiences a perfect storm of easy money, record low interest rates and government incentiv…
Sydney property prices rose by 3% in May, or more than $30,000, according to the latest CoreLogic data.
Australia’s housing boom continued apace in May as buyers buoyed by the economic recovery rushed to take advantage of record-low interest rates.
New apartment settlements are on track to fall to 20,000 next year, a seven-year low, unless investors return and boost the sluggish pace of development.
Buying a house in Sydney and Melbourne is now significantly more expensive than it was just a month ago but there are signs the boom is slowing.
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The gap between house prices and apartment values has widened to a chasm, with detached dwellings appreciating more than twice as fast as multi-residential over the course of the pandemic.
Additional support measures for landlords and tenants impacted by the most recent lockdowns in New South Wales and Victoria have been unveiled, jointly funded by state and federal governments.
As far as pathways to an international property portfolio go, the route travelled by author, buyer’s agent and investor Pete Wargent is anything but typical.
Billion dollar development group ID_Land is looking to cash in on Australia’s regional property boom with $100 million worth of site acquisitions in country Victoria, while at the same time launching a new funds management division.
One of Australia’s most prolific apartment developers says investors are likely to turn their attention from detached housing to multi-residential dwellings in coming months, as the nation’s unprecedented simultaneous property upswing continues to broaden.
Private investors are driving a resurgence in industrial assets in Western Australia, enticed by strong income-producing opportunities in warehouses and logistics properties, service stations, medical clinics and childcare centres.
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