Cranes Dot Skyline The number of cranes across Australian city skylines indicates that the construction sector is still performing well, according to the latest Rider Levett Bucknall Crane Index. In the first quarter of 2025, it identified 840 cranes in operation. Rider Levett Bucknall, Oceania Director of Research and Development, Ewen McDonald, says for the […]
New Unit Prices Jump Off-the-plan unit prices have jumped by a record 24% on the back of rising material costs and labour shortages. The increase has pushed the average cost of a new unit to $19,000 per square metre, which Urbis says is the biggest increase it has recorded in a decade. The average price
Double-Digit Growth In The Regions Australia’s smaller capital cities and regional areas are continuing to outperform, with new figures showing double-digit price growth across many markets. The top ten regional markets have outperformed the capital city markets in the 12 months to April 2025, according to CoreLogic data. While the Western Australia statistical area, Midwest,
Board Payments To Count Banks will now allow home buyers to increase their borrowing capacity by taking into account the income they can earn by renting out a room to a relative or friend. Previously, banks would not take this income into account, but the Commonwealth Bank has announced it now will. A spokesperson says
Unit Rents Outpace Houses Rental growth for houses in Australia’s capital cities has finally reached a plateau. For the first time since 2019, combined-capital house rents remain unchanged for three consecutive quarters, according to the latest Domain Rent Report. Domain Chief of Research and Economics Dr Nicola Powell says house markets have reached an affordability ceiling.
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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