New Leader Emerges Hotspotting’s predicted change in the pecking order of price growth among the major property markets of Australia has been borne out by the latest research data. CoreLogic data shows that regional markets and apartment markets are now the best performers and that Perth is no longer leading the nation on price growth. […]
Terry’s View: Follow The Infrastructure Trail One of the fundamental factors that can turn a real estate location into an out-performer is investment in new infrastructure – and right now, Australia is investing more than ever before. The level of infrastructure investment currently occurring in the nation is unprecedented, in my experience, which is more than
Fixed Rate Cut Another of the big banks has moved to drop its fixed rates, just a couple of weeks before the Reserve Bank of Australia meets again to discuss interest rates. NAB has cut its fixed-rate mortgages across all its loan terms, just two weeks after Macquarie Bank cut its one-
Auction Market Returning Australia’s auction market is set to pick up pace again following the Australia Day long weekend and the start of the school year in some states. Only a small number of auctions are generally held in the weeks between Christmas and the end of January, with the market
Home Building Race As buyers turn their attention to land, new data from the Australian Bureau of Statistics shows about 45,000 homes were officially completed over the third quarter of 2024. Victoria by far delivered the most new homes, with more than 15,000 finished in the quarter, followed by New South Wales, with 11,220, Queensland
Land Prices Rising Median land prices are rising nationally, with new analysis showing a 7.6% increase in the past 12 months. HIA economist Maurice Tapang says analysis of 52 housing markets across Australia shows the median price of land sold in the September 2024 quarter hit a record high of $366,510. The price of land
New Rules For Sellers New rules have come into play for property sellers, and ignoring them may prove costly. As of the start of the year, all properties sold in Australia are required to get a clearance certificate from the ATO or risk 15% of the sale price being withheld. Previously, the rule only applied
sState Of The States Western Australia has topped Australia’s economic leaderboard for the second quarter in a row, narrowly pipping Queensland and South Australia to the post. The January 2025 CommSec State of the States report, which analyses the performances of Australia’s state economies, says WA remains resilient. It topped the list for its level
Inflation Hits Four-Year Low Australia’s rate of inflation growth has hit a four-year low of 3.2%, nudging ever closer to the Reserve Bank of Australia’s (RBA) target rate. The latest Consumer Price Index figures from the Australian Bureau of Statistics show annual trimmed mean inflation, the RBA’s preferred measure of inflation, rose by 3.2% in
Fixed Rate Drop Begins The first of Australia’s big banks has moved to drop fixed interest rates a month ahead of the Reserve Bank of Australia’s first meeting of 2025. This week Macquarie Bank dropped its one-year fixed rate from 5.85% to 5.69%. Both of its two-year and three-year fixed rates have been dropped at
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