News
A new survey has found that 52% think prices will rise and 34% expect prices to stay about the same. Most property buyers use mortgage brokers and recommended changes to how brokers are paid should be opposed, says PIPA. Markets in Regional NSW continue to head in the opposite direction to Sydney. While the Sydney market is showing increasing signs of decline, the cities and towns of Regional NSW are delivering growth markets right across the state. Most analysts expect the next RBA change to the official interest rate to be a reduction, according to Finder. Melbourne house prices may be down overall, but there remain many solid growth markets, our analysis shows. Regional Victoria is the stand-out market in Australia. Against a backdrop of Regional Australia providing the top growth markets in the nation, Victoria has large numbers of towns/suburbs with rising demand and the strongest price growth in Australia. Most Australians expect house prices to rise or remain stable, according to a new Canstar survey. The No.1 story in Australian real estate is not the demise of Sydney, but the rise of Regional Australia. A strong jobs market and low unemployment is underpinning real estate, the latest data shows. The market share of first-home buyers is the highest it's been in six years, according to CommSec.
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