Australian Property Market
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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Foreign Investment In Property Likely To Shoot Up
Economists have a positive outlook on Australia’s economy. They believe consumer confidence is likely to increase. Overseas investors have been picking up the pace in foreign investment in Australia. More people are looking to make financial decisions, such as purchasing...
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House Values Experience Fastest Growth In 32 Years
CoreLogic’s home value index recorded a 2.8% rise in March 2021 which is the fastest rate of growth experienced by the housing market since October 1988. Sydney and Melbourne’s recovery has finally outperformed many of the smaller cities that were leading the charge in...
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Total Mortgage Debt In Australia On An Increasing Trend!
The latest monthly authorised deposit-taking institutions statistics (MADIS) for February 2021 shows Australia’s total mortgage debt increased by 0.3% ($9.7 Billion). This figure has come as a surprise to many. High property prices have affected the bottom 60% of income...
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Who’s Behind The Surge In Property Prices?
There have been many discussions lately around whether the Australian Prudential Regulation Authority (APRA) will introduce regulations to slow Australia’s rising property prices. The watchdog has argued that as the rising prices are being driven by first home buyers, not...
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Selling Your Property In 2021 Amidst Hike In Property Prices
As the Australian property market bounces back from the COVID-19 pandemic, it has shaped up into a seller’s market. With improved consumer sentiments, economic forecasts, and interest rates, people are selling their properties now more than ever. According to recent available...
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Auction Figures Declining After A Steady Rise
Auction volume has dipped this week following an acceleration in the previous weeks. Typically the market peaks before Easter, so it’s no surprise to see this drop-off, but given the current surge in prices, the market might behave differently in 2021. Fewer homes are scheduled...
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House Prices See Fastest Rise In 17 Years
Australia’s housing market values are rising at the fastest rate in 17 years! The home value index for February 2021 was 2.1%, which is the largest month-on-month change in the index since 2003. According to Tim Lawless, Head of Research at CoreLogic, “The last time we saw...
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Australian Property Market Update: January 2021
Australia’s housing market is experiencing a recovery, with home values rising by 0.9% in January 2021. All the capital and regional cities record a rise in their home values, with regional capitals averaging 1.6% growth while capital cities averaged 0.7%. Why are...
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What Will Happen To Australia’s Property Market In 2021?
In 2020, overall Australian home values were 3% higher, with regional housing values rising by 6.9% – over three times higher than that of combined capitals. In December, the national home value index rose 1%, which was the third consecutive month-on-month rise in home...
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