Property prices are expected to continue rising over the next financial year, according to Domain’s latest forecasts. As the table shows, prices for both houses and units are expected to grow in all capital cities. In the regions, the pattern is similar with only regional Victoria that might see a decrease in house prices…

by Sanjeev Sah | Jul 16, 2024 | Market Updates

Australia’s housing supply crisis has seen weekly rents soar amid high demand and low vacancy rates. However, a new PropTrack analysis suggests that increasing home construction is solving the problem, albeit gradually…

by Sanjeev Sah | Jul 02, 2024 | Market Updates

Recent Australian Bureau of Statistics (ABS) data shows a 5.6% increase in new home loan commitments to investors in April compared to March, marking a 36.1% rise over the past year…

by Sanjeev Sah | Jun 25, 2024 | Market Updates

Regional markets are growing as rental rates and dwelling values reach new records, according to CoreLogic. Rental rates rose 6.3% over the 12 months to April, up from 4.9% over the year to January. Comparatively, for the same two periods, rents in the combined capitals decreased from 9.6% to 9.4%.…

by Sanjeev Sah | Jun 18, 2024 | Market Updates

As a property investor, you’ll be interested to see the latest data on what the most popular type of unit and house is among renters. According to PropTrack, the most sought-after types of houses nationally in the 12 months to May 2024 were four bedrooms, two bathrooms and two parking spaces.…

by Sanjeev Sah | Jun 11, 2024 | Market Updates

The Housing Industry Association (HIA) has said that the construction of apartment units must double to meet the federal government’s target of facilitating the building of 1.2 million new homes by 2029. HIA’s Economic and Industry Outlook report predicts 64,350 multi-unit commencements for the 2023/24 financial year…

by Sanjeev Sah | Jun 04, 2024 | Market Updates

Australia has become a magnet for the world’s super-rich, according to wealth migration specialists Henley & Partners. That’s after four Australian cities were listed among the firm’s top 50 wealthiest cities globally in 2024…

by Sanjeev Sah | May 28, 2024 | Market Updates

Recent Australian Bureau of Statistics data shows that annual rental inflation jumped 7.8% in the March 2024 quarter, the sharpest increase in 15 years. By contrast, the general inflation rate fell to 3.6%, its lowest point since late 2021…

by Sanjeev Sah | May 21, 2024 | Market Updates

Australia’s property market hit record highs in the March quarter, with Sydney’s house prices exceeding $1.6 million and Perth’s unit prices reaching $425,600. Strong demand, population growth, and a housing shortage are driving prices up, while new dwelling approvals remain at a 12-year low. Prices are expected to keep rising despite challenges…

by Sanjeev Sah | May 14, 2024 | Market Updates

Housing loan commitments surged 13.3% to $26.4 billion by February, driven by a 21.5% rise in investor loans, now 36% of all lending—the highest since 2017. A tight rental market (0.7% vacancy) and soaring rents, along with 14 months of price growth, are drawing investors back into the market…

by Sanjeev Sah | May 07, 2024 | Market Updates