Where Everyone Is Moving To Australia’s regional cities continue to appeal to capital city dwellers with migration from cities to the regions outpacing movements in the reverse direction. The latest Regional Movers Index shows 32.2% more people are moving from capital cities to regional areas than back in the opposite direction. Migration from regional areas […]
Auction Activity Almost 2500 homes were offered for auction throughout Australia’s capital cities last week, with a further 2000 to go under the hammer this coming weekend. The combined capital city clearance rate came in at 68.7% last week, with Melbourne achieving the highest clearance rate of 70.6%. Sydney was 69.1%, Brisbane, 61.5% and Adelaide,
Student Accommodation Surge The growth of Australia’s student accommodation sector could help ease the crisis in Australia’s suburban rental market. An additional 5,605 beds have been added since the start of 2024, bringing the total pipeline of student-only beds to 35,605 with much of that based in Melbourne, Brisbane and Sydney. The Urbis Student Accommodation
Housing Pain And Gain Solid price growth throughout 2024 means the majority of people selling are achieving nominal profits. The latest CoreLogic Pain and Gain report shows that in the December quarter of 2024, there were 95,300 home resales and 94.8% of sellers made a nominal profit, with the median profit a record $306,000. The
Most Affordable Land Land prices are continuing to rise throughout Australia with Adelaide now recording the most affordable capital city land in Australia. The median land lot price in Adelaide is $307,000 according to the Urban DevelopmentInstitute of Australia’s annual State of the Land Report. Perth is $329,000, Melbourne, $403,000, South-east Queensland $417,000, ACT $651,750 and Sydney
New research has confirmed one of the greatest scandals in Australian real estate – the reality that taxes and charges from the three levels of governments comprise between 40% and 50% of the cost of creating new homes. At a time when Australia is experiencing its greatest ever housing crisis – marked by shortages
Long Term Gain Property investment is a long-term game, and the latest data shows where it is paying off. CoreLogic analysis of the performance of Australia’s property markets since March 2020 shows values in the combined regional markets rose by 56.3%, and the combined capital cities rose by 33.6%. With regional markets performing so well,
Build to Rent Boom Australia is entering a build-to-rent boom, with thousands of apartments proposed or underway. More developers are leading toward the model where they construct apartment buildings, but instead of selling individual units, they retain them and rent them out. JLL says there are 9,180 operational build-to-rent apartments as of the end of
Housing Still Good Investment Forget doomsday predictions about property value drops and slowdowns, Australia’s property market value surged to a record $11.032 trillion in 2024. The total value of residential dwellings across Australia rose by 0.2% in the last quarter of 2024, according to the Australian Bureau of Statistics. ABS head of finance statistics, Dr
New More Affordable Despite the high level of taxes on new housing, buyers are spending less on new homes than on existing homes. Homebuyers in the ACT, Tasmania, South Australia, Western Australia and New South Wales are taking out smaller mortgages for newly built homes compared to existing properties. In the ACT, the average loan
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