Australian Property Market
Housing Boom Slows As First Home Buyers Priced Out
CoreLogic data shows house values rose 1.5% in September 2021. They are 20.3% higher over the past 12 months. While housing values had been rising at their fastest pace since 1989, the monthly rate of growth is losing steam. The market’s growth rate peaked in March 2021, when...
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How To Buy A House In A Hot Market
The Australian housing market is a hotspot right now. Absorption rates are high, real-estate prices are soaring and inventory levels are low – all indicating a seller’s market. Plenty of buyers remain undeterred. Nearly 598,000 house and unit sales took place across Australia...
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Property Market Still Booming, Affordability Challenges Loom Larger
Australia’s housing market is still on the rise, despite the lockdowns. However, the rate of growth is losing steam and August marked the lowest monthly rise in housing values since January. CoreLogic’s national home value index shows housing values grew 1.5% in August 2021....
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Property Market Experiences 16.1% Lift
Housing values rose 1.6% in July 2021. This increase takes Australia’s housing values 16.1% higher over the past 12 months and 14.1% higher over the first seven months of calendar 2021. CoreLogic research director Tim Lawless says, “The 16.1% lift in national housing...
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High-End Sydney Home Prices Rise Twice The Rate Of Cheaper Properties
The higher end of Sydney’s property market is rising twice as fast as the mid-range market, and four times faster than the lower-end market. Annually, mid-priced houses are up 14.1% to a new peak of $1.05 million, while the cheapest houses are up 10% to a record $528,000. COVID-19...
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Off-the-plan Apartments On Demand: A New Trend In The Property Market
Most Australians are being priced out of the housing market as the costs soar high. An increasing number of people are looking at existing apartments or those for sale off the plan as a very viable option. These ‘off the plan‘ purchases are a popular choice among...
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Property Market Growth Has Peaked | Where Can You Buy?
According to CoreLogic, while property prices are still rising, the pace of growth slowed in April 2021. Tim Lawless, Head of Research at CoreLogic comments, “The slowdown in housing value appreciation is unsurprising, given the rapid rate of growth seen over the past six...
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Brisbane’s Property Boom – The Best Place To Buy Right Now
Brisbane, in particular, is performing very well and has the potential to outperform Sydney and Melbourne as the two leading cities hit their peaks. In Brisbane, the upmarket suburbs near the city have joined the $1million median house price club after constant price growth....
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What The Future Of Apartment Prices Looks Like After Coronavirus
Apartments took a big hit during the COVID-19 pandemic, as regional areas with large living and outdoor spaces became the emerging market for investors, renters and owner-occupiers. However, as Australia is transitioning safely into post-COVID property market, apartments again...
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Strong Auction Results: Why Is The Auction Market Hot Right Now?
Australians who traditionally have worked in central business districts (CBDs) are now choosing to work remotely, which has led them to purchase properties in the emerging suburbs. In connection with increasing house prices, which have seen some buyers priced out of certain areas,...
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