House values are tipped to continue rising, with experts backing the market to continue its solid run for the next 12 months.
Continued low supply and high demand is driving up more than sale prices, with new figures revealing rents are also increasing rapidly. SQM Research figures show decade-low vacancy rates and growing demand has lifted weekly asking rents by 13.7% nationally in the past 12 months.
This Week in Real Estate: Property news that you can trust Auctions Strong Amid Lockdowns The latest auction clearance rates show that once again lockdowns are not enough to put off determined property buyers. Auctions moved to online last week while Sydney, Melbourne and Brisbane were all in lockdown and while the number of properties […]
This Week in Real Estate: Property news that you can trust Prices Surge As Real Estate Listings Fall National residential property listings dropped 4% in June, with old stock being cleared nationwide as the number of buyers outstrips sellers, pushing up property prices around the nation. Figures released this week by SQM Research indicate that […]
This Week in Real Estate: Property news that you can trust 218 Locations Pass $1 Million CoreLogic’s inaugural Million Dollar Markets report has identified 218 real estate markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021 compared to May 2020. The report also highlights how the current […]
This Week in Real Estate: Property news that you can trust Rents Rise As Vacancies Fall Rents are rising across Australia as vacancy rates continue to fall to unprecedented lows. SQM Research reports that the national vacancy rate fell to 1.8% in May, compared with 2.5% a year ago. SQM managing director Louis Christopher says: “Vacancy […]
This Week in Real Estate: Property news that you can trust Investor Loans Up In April The average mortgage size has risen 7% over the year to a record $563,550. This comes as the ABS reports new lending for housing rose 3.7% in April to a record high of $31 billion. Property investors are now […]
The Gentrification of Geelong It’s All About Regional Relocation The year the coronavirus pandemic hit is also the year that saw many Australians move cities from the crowded CBDs to the regional suburbs. It’s a trend sweeping Australia with outer suburbs appealing to buyers’ minds with the promise of a better, more affordable lifestyle. The previous […]
This Week in Real Estate: Property news that you can trust Price Rises Out-stripping Wages House prices are predicted to rise ten times faster than wages this year. Since the pandemic recession, Australia’s job market has significantly improved with the unemployment rate dropping 0.2% to 5.5% in April. The figures released by ABS show wages rising […]
This Week in Real Estate: Property news that you can trust Investor Optimism On The Rise ME Bank’s latest Quarterly Property Sentiment Report shares an improvement in investor sentiment, with falling confidence among home-buyers. According to the report, the second quarter of 2021 saw residential property market decline to 42% from its previous 49%, a […]