Top Picks For 2025 Property experts have picked the top suburbs to watch in 2025 for the REA Group’s Hot 100. REA Group director of economic research Cameron Kusher says a large number of affordable suburbs are on the list this year. Suburbs are nominated based on growth drivers, including affordability, amenity, family appeal, location, […]
Property Confidence Rises While the long-awaited interest rate cut did not materialise in the second half of 2024, confidence is still rising in the property sector. The December 2024 Procore/Property Council Industry Sentiment Survey shows industry confidence is up by eight points, even though concerns remain about supply, affordability, and construction challenges. The survey shows
Shop For Apartments Shopping for a new apartment could soon be combined with a trip to pick up the weekly groceries if shopping centre owner Scentre Group pursues plans to build on top of its existing centres. Scentre Group owns and manages 42 Westfield shopping centres across Australia and New Zealand. Chief executive Elliott Rusanow
High End To Year New home sales are tipped to end the year on a high despite a softening in November, according to the Housing Industry Association. It is predicted that by the end of 2024, new home sales levels will be higher than those recorded in 2023. The latest HIA New Home Sales Report
Seasonal Vacancy Rise Residential vacancy rates rose to 1.4% in November, the highest level in three years, according to SQM Research. It says the total number of vacant rental properties is now 41,894, up from 36,486 in October, due mainly to seasonal factors. According to SQM Research, vacancies rose to 2% in Melbourne, 1.8%
Listings Rising The number of properties being offered for sale is finally on the rise. Data from SQM Research shows residential property listings rose by 7.6% in November to reach 272,645 properties. SQM Research Managing Director, Louis Christopher, says much of the rise can be attributed to unsold stock during the spring selling season rather
First Home Buyers Despite high interest rates and cost of living pressures, first-home buyers are still getting into the market – with a little help along the way. New figures show almost 100,000 first-home buyers have used the First Home Guarantee or the Regional First Home Buyer Guarantee to purchase a property since 2020. The
Where Demand Will Rise Demand for property in Australia’s regional centres is tipped to continue as new data reveals the number of people leaving city areas is on the rise. The Regional Australia Institute’s (RAI) Regional Movers Index for the September quarter shows more than a third of those moving (35.6%) are going from a
Rent Growth Slowing The pace of rental growth has halved in the past year, according to new PropTrack analysis. It says that nationally, rents rose by 7% in the past 12 months, compared with 14% in the year before that. At the same time, the number of properties being offered for rent has increased slightly,
Safe As Houses Property now accounts for more than half of Australia’s household wealth and is more valuable than all of Australia’s superannuation funds and listed stocks combined. Continuing growth means the total value of Australia’s property market is now $11.1 trillion. CoreLogic data reveals that 56.3% of household wealth is in housing with 527,688 property
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