The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 4.4 per cent in August to an 11-month low.
CONFIDENCE
SA Government welcomes positive sentiment surrounding local property industry.
The latest results from the ANZ/Property Council Survey reveal surging confidence levels in Queensland’s property sector.
Canberra continues to experience robust demand for houses, propped up by stimulus measures.
The latest ANZ/Property Council of Australia survey of property sector professionals shows confidence in South Australia has soared to pre-pandemic levels.
Consumer confidence has surged for the fourth consecutive month to reach its highest level since October 2010.
Australians all across the country are feeling “clear optimism” about the housing market, new data from Westpac has revealed.
Consumer sentiment has recovered most of a post-Christmas dip, with economists attributing the rebound to a change in views on interest rates, with most people …
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South East Queensland’s unprecedented sales swell continues to attract interstate developers and underpin major projects, with ID_LAND, Little Projects, Sammut Group, Azzura Corporation and Pikos Property making big progress on more than $800 million worth of new developments in recent weeks.
Property price records are tumbling across Victoria, with more than 170 suburbs in Melbourne laying claim to a median house price of $1 million or more, while several key regional locations have also breached the seven-figure barrier.
New lending restrictions will affect different parts of the property market more than others - dig into the details and find out what the changes mean for first homebuyers, investors and trade-up buyers.
Australians downsizing to luxury apartments are driving a rapid rise in prestige property values, with sales of apartments worth $10 million or more in the first half of the year running at nearly eight times more than the 10-year average.
Pent up demand from Sydney buyers emerging from lockdown and Melbourne purchasers likely to soon follow is expected to result in a resumption of the big price gains recorded in the first half of 2021, with both cities remaining in a state of housing undersupply.
Victoria’s state government has made a range of changes to its Windfall Gains Tax prior to it being introduced to Parliament, but industry groups say the move is the “wrong tax at the wrong time” that will have a big negative impact on housing affordability.
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