Perth was undoubtedly the capital growth star of Australian real estate in 2023, with the highest increases in median prices both for houses and for apartments, slightly ahead of Brisbane in both categories. Perth continues to be a busy market with good buyer demand – but we are now seeing the first signs of moderation […]
The Regional Victoria market continued to improve in 2023, following the lead from Melbourne, although not rising as dramatically as the capital city has recently. As the year wore on, Regional Victoria built on the recovery evident in mid-year, with the number of rising locations almost doubling in the second half of 2023. Two-thirds of
One of the key national trends we’re tracking at Hotspotting is the rise of apartments to challenge the dominance of houses as the dwelling of choice by most buyers. Throughout 2023 we saw growing evidence of rising demand by a range of different buyer cohorts for affordable apartments in good locations. This has led us
A recent headline in the Australian Financial Review newspaper summed up why most of the property price forecasts published in mainstream media are hopelessly inaccurate. The Fin Review headline declared “house price growth to slow as interest rates bite”, following a survey of economists by the newspaper. Th survey of 30 economists came up with
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