Auction Clearance Rate Climbs The winter auction market finished on a high last weekend, with volumes and clearance rates rising ahead of the start of the traditionally busy spring selling season. There were 2251 properties offered for auction last week, a 9% increase on the previous week and the highest level since early June, according […]
Tradie Shortage Drives Prices Up Housing supply will remain an issue and building costs will continue to rise until something is done to improve Australian tradie numbers, according to the Housing Industry Association. HIA Managing Director, Jocelyn Martin, says its modelling shows another 83,348 workers are needed across the top 12 trades in residential construction.
Rents To Keep Growing In good news for landlords, but not renters, capital city apartment rents are tipped to increase substantially in the next five years. CBRE’s Apartment Vacancy and Rent Outlook predicts growth across 53 precincts in Australian capital cities by 2030. It says 92% of two-bed apartments will have rents above $700 per
Eight Months Of Growth Australia’s property prices have chalked up an eighth consecutive month of growth to reach a new record high. Data from PropTrack shows that median house prices rose 0.5% over August to reach $924,000, while median unit values are also up 0.5% to $683,000. The latest increases bring annual growth in the
Terry’s View The national sport of Australia is scapegoating, and nowhere is that rather sad part of our culture more in play than in the housing market. News media is saturating the nation with dire reports of the housing crisis and every day a scapegoat is held up before the national gaze to be shamed
Geelong Advertiser Peter Farago Geelong is back in the spotlight for homebuyers, with new data showing property prices are on the rise once again. A surge in buyer activity—particularly from interstate investors—has marked the city as one of the nation’s most attractive growth markets. According to Hotspotting’s Top 10 National Best Buys report, Greater Geelong
Herald Sun Nathan MawbyTim McIntyre Melbourne is edging closer to regaining its crown as a $1 million city, with PropTrack’s latest Housing Price Index revealing the city’s typical house value rose by nearly $3900 in August to $991,000. If this pace of growth continues through spring, Melbourne’s median house price could hit the million-dollar milestone
Frankly, thanks a million Price boost’s a shore thing Read More »
Regional Homes Approvals Plummet The number of homes being approved in Regional Australia is plummeting, according to a new report by the Regional Australia Institute (RAI). The Answer the Call for Regional Housing report shows approval numbers between 2000 and 2025 dropped by 21%. In the past 12 months, fewer than 48,000 homes were approved
Stamp Duty Costs Soar The cost of stamp duty is rising at a faster pace than incomes, with costs between 2.7 and 3.4 times higher across the eastern capitals since 2000. Domain analysis shows stamp duty payable on a median-priced house in Sydney was 44.5% of gross household disposable income per capita in 2000 and
Renewables Driving Regions Big renewables projects are driving a $23 billion increase in infrastructure spending in regional Australia, leading to more jobs and demand for property. Data from Macromonitor says wind, solar and transmission facility projects will push regional construction spending up by 19% between FY2025 and FY2027. In comparison, the spending in capital cities
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