News

Markets Show Resilience

Markets Show Resilience Property markets throughout Australia continue to show remarkable resilience, despite high interest rates and cost of living pressures, according to the latest Property Investment Professionals of Australia (PIPA) update. The update says that despite the hurdles, Perth, Adelaide, and Brisbane are finishing the year with double-digit dwelling price growth, and that […]

Australia Leading The World

Australia Leading The World House price growth has slowed globally in the past five years, but new analysis shows Australia’s real estate market defied that trend. Research from the independent property research collective PAR Group shows that between 2019 and 2023, Australia’s house price growth outperformed comparable global markets by 14.1%. This study examined […]

Vacancies Ease

Vacancies Ease Vacancy rates have eased slightly, and rental growth has slowed. CoreLogic says the national vacancy rate is still a very tight 1.8%, up from last year’s record-low of 1.4%. At the same time, SQM Research figures put the national vacancy rate at 1.2%, up from 1% a year earlier. CoreLogic economist Kaytlin Ezzy […]

Buyers Returning

Buyers Returning Confidence is returning to the property market with new analysis showing an increase in mortgage applications. The latest Equifax Quarterly Consumer Credit Insights – September 2024 says credit demand is 2.3% higher in the September quarter, compared to the same time last year. Analysis of credit demand i.e. mortgage demand and auto loan demand, shows […]

The Trump Effect

The Trump Effect An interest rate cut appears unlikely until early 2025 and even then, it may be pushed out further following the election of Donald Trump as US president last week. Analysts say Trump’s big spending commitments could keep inflation higher in the United States and that is bound to have flow-on effects in […]

Who Wants to Be a Millionaire?

Who Wants to Be a Millionaire? A further 32 capital city property markets have breached the million-dollar median mark in the past three months. New data from Domain shows suburbs in Sydney, Brisbane, Adelaide, Perth, and Melbourne all made it onto the list. South Australia now has 27 suburbs with million-dollar medians after Magill joined […]

Student Cut Not A Fix

Student Cut Not A Fix Capping international student numbers will not do much to help ease rental market pressures, according to new research. Reduced international student numbers are to be implemented from the 2025 school year, but the Property Council of Australia says, at best, the impact will be “marginal”. The research done for the […]

Investors Could Pull the Pin

Investors Could Pull the Pin Investors struggling with the skyrocketing costs associated with rental reforms, could end up pulling the pin, the Property Investment Professionals of Australia (PIPA) is warning. This will only make the current housing crisis worse, according to PIPA chair Nicola McDougall. PIPA’s latest Investor Sentiment Survey shows the number of respondents […]

Apartment Approvals Need Boost