Building Approvals Drop Building approvals have dropped for the second consecutive month. Approvals fell by 3.4% in April to 16,710, according to Australian Bureau of Statistics (ABS) data, following a 10.5% drop in March. New South Wales approvals are down the most – 9.5%, followed by Western Australia (-7.4%) and Victoria (-3.9%). The smaller capital […]
A Slither of Rent Relief Emerges In good news for tenants, there has been a slight decline in rents – although the relief may be short-lived. PropTrack data shows that nationally median rents dropped in 311 house markets and 154 unit markets in the 12 months to May 2026. REA Group senior economist Anne Flaherty
Population Hits 28 Million Australia’s population has hit 28 million people – that’s 10 million more than in 1995. This is despite our fertility rate plummeting in the past decade to 1.48, which means couples are not replacing themselves. The Australian Bureau of Statistics (ABS) Population Clock shows the most recent million were added in
Price Guide Blowouts New analysis has found that some homes are selling for up to 70% more than their price guides. Data compiled over six months by property app Homer shows that in some cases the eventual sale price is more than $100,000 above the original price guide. The analysis compared the published price guides
Reno Appetite Grows Australia’s appetite for renovation is continuing to grow despite increasing materials costs. National Australia Bank data shows that renovation loan demand is up by 16% in the 12 months to April 30. It says Queensland owners in particular are keen to renovate and upgrade their homes, with a 25% increase in renovation
Sunday Mail Brisbane Units winning the rent race by Aleisha Dawson South East Queensland apartments are now beating houses on rent price growth in 69 suburbs, and experts say the Brisbane 2032 Olympics will only accelerate the divide. The latest Rise and Rise of Apartments report from Nuestar and Hotspotting showed rental growth for apartments
Sunday Herald Sun Scene set for units boom by David Bonaddio Melbourne’s apartments, units and townhouses, long treated as the cheaper Plan B for buyers priced out of houses, could be the surprise winners of rising rates and government tax moves. A $382,000 gap between the city’s houses and its apartments has the latter expected
Hobart Mercury Hobart is the best buy by Jarrad Bevan New analysis from Hotspotting has revealed a surprising housing market sits atop the property prospects pile. Hotspotting’s Top 10 National Best Buys report for May ranked greater Hobart as its No.1. Director of the real estate research firm Tim Graham said Hobart has re-emerged as
Rent Jumps Predicted Major property industry groups are claiming rents will increase by up to four times what the Federal Government is predicting as a result of changes to Property Investment Taxes. Master Builders Australia, the Property Council of Australia, and the Real Estate Institute of Australia have released new modelling which they say shows
More Choice for Buyers The number of homes listed for sale is rising across Australia, with new data showing listings are 2.6% higher across the combined capital cities than at the same time last year. The biggest increase in overall listings is in Sydney, which is up 8.5% on last year followed by Melbourne, up
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