Prices Continue To Rise Australia’s housing market has hit a new high, with property prices rising in almost every capital city and region over July. PropTrack data shows dwelling values nationally rose everywhere but the ACT (down 0.2%) during July, leading to 4.9% year-on-year growth. It says nationally the median dwelling price is now $827,000, […]
Australia’s Top Economy Western Australia has once again been named as Australia’s strongest-performing economy. It’s the fourth consecutive quarter that the state has taken out the top honours in the CommSec State of the States report. South Australia secured second spot. The quarterly State of the States report identifies which Australian state or territory economy
Rental Growth Slows The pace of rental price growth has slowed further since the start of the year. Cotality’s Quarterly Rental Review shows rent growth eased from 1.7% in the first quarter of the year to 1.3% in June – the lowest second-quarter increase since 2020. Rents are continuing to rise, but not at the
FHBs In The Market Rising property prices are not deterring first home buyers (FHB) from entering the market, with new figures showing a 3.8% increase in loans in the past year. The First Home Buyer Mortgage Insights report from Money.com.au reveals there were 125,036 first-home buyer loans issued in the year to March. Money.com.au property
New Home Sales High Australia’s new home sales have hit a three-year high, despite the rising costs of construction. According to the Housing Industry Association’s New Home Sales report, in the June quarter, new home sales across Australia increased by 18.8%. HIA Chief Economist Tim Reardon says it is the strongest performance for new home
Terry’s View – Drilling Down Reveals the Real Winners Most analyses of what is happening in the Australian property market really don’t capture how strongly individual markets are performing. For example, the major data companies report that “Australian property prices” rose about 5% in FY2025. Based on that figure, you can understand why many come
Terry’s View – Drilling Down Reveals the Real Winners Read More »
Renters Want Energy-Efficient Homes More than a third of tenants are willing to pay a higher rent to secure a property that already has energy-efficient features installed. The PropTrack Origin Renter Reality Report asked 4800 respondents if they are prepared to pay a higher rent for a home with smart energy features, and 35% say
Vacancy Rates Remain Low National vacancy rates have risen slightly, hitting 1.3% in June. This is up from 1.2% in May, with the lowest vacancy rate just 0.5% in Darwin and 0.6% in Hobart. SQM Research data shows that all capital cities have vacancy rates well below the 3% considered to represent a balanced market.
Listings Take Winter Break Residential property listings are down 3% compared with the same time last year, as they ease off during the colder months. The latest REA Group Listings Report shows that between May and June, listings have dropped by 9%. Darwin in particular has had a huge drop in listings, down by 37.9%
Where Buyers Are Desperate to Buy With listings down, competition is becoming fierce, with more than 100 potential buyers competing for properties in some suburbs. An analysis has been released of the list of the most popular markets for would-be home buyers throughout Australia. It is based on the number of “key inquiries” received for
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