Property investors jumped back into the housing market at record levels in November ahead of the Omicron outbreak.
FIRST HOMEBUYER
After a year of double digit price growth, many regional residents are wondering whether property price growth will continue.
Property markets across all of Australia experienced strong growth in 2021, but will it continue into the new year?
Prices are expected to rise again in 2022 before falling in 2023 (although not enough to wipe out the gains of the current boom).
According to the RBA, since 1991, the ratio of property debt to household income has more than doubled.
A combination of rising house prices and an influx of investors to the market is squeezing out first home buyers in South Australia.
The Melbourne property market underwent something of a frenzy in October after a surge in new listings failed to quench demand following months of lockdown.
Buyers anxiously waiting for Australia's supercharged house prices to reduce will be disappointed, property experts have warned.
Despite skyrocketing house prices individuals are still managing to get a foot on the property ladder.
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REIWA President Damian Collins said whilst the overall Perth market had recorded 13 per cent price growth during 2021, there were numerous suburbs that had far exceeded that figure.
We take a look at what trends we’ll likely see this year, so if you’re looking to freshen up your home for sale consider some of these styles for inspiration.
It’s believed the current national imbalance is unsustainable and 2022 should see the Perth median house price gain traction as investors realise the city is undervalued.
Not too far long ago we would browse the local agent’s windows or newspapers for available properties, then the huge success of online portals made browsing on your couch a daily habit.
Real Estate Institute of Australia (REIA) has said the Australian Bureau of Statistics (ABS) show activity has increased across the board with growth in lending recorded for first home buyers, investors and owner occupiers.
When faced with an ‘adapt or die’ scenario the construction industry and key players within it are taking the opportunity to push boundaries and technologies to benefit the long run, making changes to work practices, technology and ideologies.
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