Australia’s Economic Powerhouses Western Australia has snared top spot for the fifth consecutive quarter on Australia’s economic leaderboard. The state tops the CommSec report, after being ranked first in four of eight economic indicators. Queensland climbed to second from third place, driven by a rebound in household spending, while South Australia slipped down to third […]
Million Dollar Markets The steady growth in Australian property values in recent years means one in three suburbs now has a median value higher than $1 million. The number of suburbs with $1 million plus medians has grown by 143% in the past five years, according to analysis by Cotality and is now common outside
Terry’s View: Most Don’t Want House Prices To Fall We hear a lot in the media about the desire to make housing more affordable, but when it comes down to it, the majority of Australians don’t actually want house prices to fall. A recent survey by Newspoll found more than a third (34%) of respondents
Terry’s View: Most Don’t Want House Prices To Fall Read More »
Auctions Gather Pace Auction clearance rates have hit a four-week high with increased activity across the major capital cities. The preliminary clearance rate hit 73.8% last week, after 2662 homes were put under the hammer. According to Cotality this is the highest number of properties offered for auction since early June, when 2,918 properties were
Where Properties Sell Fastest The time it takes to sell a house has risen slightly but new data shows properties are still selling incredibly fast in some locations. Cotality data shows the average days on market hit 30 days, in the three months to September – up from 27 days at the same time last
Regions Still Hot Demand has not yet eased for property in Australia’s regions with new Housing Industry Association (HIA) data labelling the move from city to country a “sustained trend”. The Housing the Regions report, says the movement stronger than it was during the height of the pandemic. The growing demand means housing policies need
Investor Activity Heats Up Investor activity has hit an eight year high, with about one in seven Australians now owning a rental property. The REA PropTrack Terri Scheer Investor Report, shows new investor lending has risen steadily with the highest increases of 16% in Queensland and South Australia. Compared to the previous financial year, investor loans
Building Numbers Dropping The number of new homes completed in the past quarter has dropped substantially. According to the latest Australian Bureau of Statistics figures, the number of new dwellings completed is down by 12.5% compared with the same time last year. There were 41,432 homes completed during the June 2025 quarter compared to 46,151,
Land Downsized, Not Houses Buyers may be willing to downsize the size of the block of land they want to live on, but they aren’t prepared to live in smaller homes. As vacant land becomes more expensive, homebuyers are going for smaller blocks, according to PropTrack data. The median land area of sold houses has
New Homes Unlocked New analysis identifies the top ten areas where home building is set to surge. The data from realestate.com.au is based on state and local government announcements about developments since the start of 2025. The top spot is Greater Adelaide, where an additional 61,000 homes are forecast. “Changes to South Australia’s Environment and
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