News
Building Costs Soar
Building costs are continuing to rise, putting further pressure on the housing supply. The costs of building a home increased a further 1% in the third quarter of 2024, according
Building costs are continuing to rise, putting further pressure on the housing supply. The costs of building a home increased a further 1% in the third quarter of 2024, according
Rising interest rates have a minimal impact on rent increases, according to new research by the Reserve Bank of Australia. The RBA says rents only increase by 1 cent for
High interest rates and growing property prices are not deterring first-home buyers, with new analysis showing they are entering the market at a rate higher than the ten-year average. PropTrack
More buyers are opting for affordable properties and in many capital cities that means buying a strata unit. Analysis by InfoTrack shows strata property purchases increased from 31.43% in the
The latest Westpac survey on whether it is the right time to buy a dwelling has increased to its highest level since the start of the year. It comes as
Approvals for new apartment developments may be down, but according to the latest Rider Levett Bucknall Crane Index, plenty of projects are under construction. The index counts the number of
Building approvals for homes have increased slightly, although not at the level required to help fix Australia’s housing crisis. The latest Australian Bureau of Statistics figures show building approvals for
The total value of Australia’s property market continues to grow, breaching $11 trillion for the first time. Property values increased by $900 billion in the past 12 months, according to
Growth in asking rents has eased in Spring with Domain’s latest rental report showing all capital cities have passed their peak growth phases. It says for the first time in
REA Group’s September PropTrack Listing Report shows new listings hit their highest volume for the month of September since 2015. Nationally listings rose by 2.8% in September according to Director
Property prices are continuing to surge with analysis by PropTrack showing the top performers in the past 12 months. The Perth suburb of Armadale was the best performer, with 42.9%
Investors are rushing back into the market with the latest ABS lending figures showing almost $12 billion in investment loans were written in August. This is a 1.4% increase on