As Victoria’s housing market continues to grapple with rising rents and dwindling rental stock, the Real Estate Institute of Victoria (REIV) has issued a timely and urgent plea: reduce the tax burden on rental providers and stop penalising those who are keeping the rental market afloat. But instead of heeding the call, the Allan […]
Australia’s population grew by 1.8 per cent in the 12 months to September 2024, adding 484,000 people to the national headcount, according to the latest figures from the Australian Bureau of Statistics (ABS). That puts our population at 27.3 million, with overseas migration once again leading the charge—albeit at a slower pace than earlier
Australians who sell residential properties are achieving record profits, according to the latest Pain & Gain Report from CoreLogic. The median profit achieved by Australian vendors was $306,000 in the December quarter of 2024. That’s the highest nominal gain recorded since the data-set began in the mid-1990s. But behind the headline figure lies a
Construction Rising Construction is beginning to slowly rise again with apartments the dominate housing type to be delivered in 2025 and beyond. Although PRD’s Australian Economic & Property Update says even though residential construction increased slightly in the second half of 2024, the market remains undersupplied. PRD Chief Economist, Dr Diaswati Mardiasmo, says apartment projects
Prices Continue Rising Home prices are continuing to rise throughout Australia, with new data showing that modest growth during March has driven prices up by 3.91% over the past 12 months. PropTrack data shows that annual price growth in regional centres continues to outpace that of capital cities. Regional West Australia had the highest growth
Auctions Where The Action Is Auctions are continuing to emerge as the selling method of choice, with new data showing the number of properties going under the hammer has soared in the past 15 years. The number of properties going to auction has increased from 26% of listings in 2009 in Sydney to 48% in
Investment Trifecta Hotspots Australia’s regional towns are powering ahead, with new analysis revealing that regional towns dominate the best locations to achieve an investment trifecta. REA Group has identified the top 37 locations that offer the investment trifecta – affordability, solid capital growth and high yields. It analysed the investment potential of suburbs it had
Terry’s View – Migration Pushing Up Demand Australia added 484,000 people to the national headcount in the 12 months to September 2024. According to the Australian Bureau of Statistics, West Australia’s population grew by 2.5%, Victoria by 2.1% and Queensland by 2%. This increase in population puts increased pressure on housing across all tenures: ownership,
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