Property Market

Buying An Apartment Vs Buying A House In 2021

personOtto Dargan access_timeJune 17, 2021

The price gap in buying an apartment vs buying a house in Australia has increased more than ever. For months, the property market in Australia has been witnessing a continued spike in demand for houses. The primary factor for the hike is the rise in work from home culture, which...

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Australian Housing Market Is Worth $8.1 Trillion, Property Buyers Priced Out

personOtto Dargan access_timeMay 10, 2021

With the surge in housing values, Australia’s residential real estate is now worth more than $8 trillion, which is four times the size of the country’s GDP. According to CoreLogic, this is the first time the values surpassed $8.1 trillion. This record-high figure...

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Investors Flooding Back, But Home Buyers Still Dominant In The Property Market

personOtto Dargan access_timeMay 3, 2021

According to data published by the Australian Prudential Regulation Authority (APRA), the resident loans and finance leases increased by $17.5 billion, or 0.6% in March 2021. There was an increase in owner-occupier loans, where lending increased by 0.7% or $8.3 billion in March...

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Australian Rental Market Soaring Faster Than Ever

personOtto Dargan access_timeApril 27, 2021

Rental prices are increasing at the fastest rate in 15 years in Australia. This is the most significant increase recorded since May 2007. As the rental market is recovering from the effects of COVID-19, there is suddenly a strong demand for leases in regional centres. CoreLogic’s...

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Is The Housing Market Boom Finally Slowing Down?

personOtto Dargan access_timeApril 26, 2021

For the first time this year, auction clearance rates dipped below 80%, which could signify that the housing market boom is cooling down. CoreLogic data revealed the volume and clearance rates were down last week, with 2041 capital city homes going to auction, with a national...

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House Prices Could Rise By 17%

personOtto Dargan access_timeApril 19, 2021

The big four banks of Australia have forecasted that house prices will rise by more than 10% this year. ANZ House prices could increase by 17% this year. Regulators will keep a close eye on price increases. First home buyer loans were up 75% over the last three months. 35%...

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Seller Confidence Boosts Up, More Properties On The Market

personOtto Dargan access_timeApril 12, 2021

With a booming property market, people who had decided not to sell last year are confident to sell their properties this year. As demand is currently outpacing supply, homes are selling faster. With predictions that prices could rise as much as 20% over 2021-22; vendors expect...

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House Values Experience Fastest Growth In 32 Years

personOtto Dargan access_timeApril 2, 2021

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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Who’s Behind The Surge In Property Prices?

personOtto Dargan access_timeMarch 30, 2021

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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NZ Decides To Slow Down House Prices: What It Means For Australia

personOtto Dargan access_timeMarch 26, 2021

New Zealand has introduced new tax policies to slow down investors after house prices were pushed up almost 25% in just 12 months. Australia has experienced similar house price rises over the year. However, according to experts, removing tax benefits linked to property investment...

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