-
2 months ago | 
realestate.com.au | Karen Dellow |Matt Bell
NewsSouth AustraliaAdelaideThe latest data from realestate.com.au reveals the suburbs that shattered property price records in 2024. These record-breaking suburbs aren’t necessarily those with the highest median house prices like Point Piper (NSW), Toorak (VIC) or Glenelg (SA). Even some of the more affordable areas have seen record sales.
-
2 months ago | 
realestate.com.au | Karen Dellow |Matt Bell
GuidesDownsizingNew home approvals are still below the federal government's Housing Accord target but have been trending upwards since March 2024. New approvals need to hit an average of 20,000 per month to reach the government's 1.2 million new homes target by mid-2029. So far, they have been averaging 14,800 per month since the start of the financial year and are showing no signs of increasing to the monthly levels needed to reach the goal.
-
Jan 23, 2025 | 
realestate.com.au | Karen Dellow |Matt Bell
InsightsAustralian renters are facing significant challenges as rents reach record highs and the cost of living surges, making housing increasingly unaffordable. In response to this crisis, the McKell Institute, a think tank that collaborates with leading academics, industry, and policy experts from top Australian universities, has proposed a novel solution aimed at relieving renters' financial burdens associated with moving.
-
Jan 15, 2025 | 
realestate.com.au | Karen Dellow |Matt Bell
NewsQueenslandBrisbaneOver the past few decades, Australians have been holding onto their properties for longerperiods than ever before. Currently, the average duration a property owner keeps their property in Australia is 10.5years, and in Brisbane it is nine years. This trend is influenced by a blend of economic, social and demographic factors. Historically low interest rates have made mortgage repayments more manageable, reducingthe urgency to sell.
-
Jan 9, 2025 | 
realestate.com.au | Karen Dellow |Matt Bell
The monthly Consumer Price Index (CPI) rose by 2.3% in the 12 months leading up to November 2024, which is within the Reserve Bank of Australia's (RBA) target range of 2-3%. This is encouraging news for Australians anticipating the first interest rate cut since May 2022. Financial market pricing indicates a 78% probability that rates will decrease to 4.10% at the upcoming RBA meeting in February, according to the latest ASX 30 Day Interbank Cash Rate Futures data.
-
Jan 8, 2025 | 
propertyupdate.com.au | Brett Warren |Karen Dellow
Key takeaways Property searches from overseas have increased compared to last year, despite fluctuations influenced by global events, economic conditions, and migration trends. Searches from Indian buyers and renters rose by 23% year-on-year in October. Popular suburbs include Tarneit and Point Cook in Melbourne, offering affordable housing and new developments ideal for families and first-home buyers.
-
Dec 11, 2024 | 
realestate.com.au | Karen Dellow |Matt Bell
InsightsAustralia's regional areas are in high demand as city dwellers leave metro areas and regional residents stay where they are. During the pandemic, Australia’s regional areas experienced a resurgence as city dwellers sought to escape from lockdowns, looking for larger properties with more outdoor space. Post-pandemic, there was a brief increase in the number of people moving back to the cities. However, this trend has recently declined, with many opting to remain in regional areas.
-
Nov 30, 2024 | 
realestate.com.au | Karen Dellow |Matt Bell
NewsVictoriaMelbourneAustralia’s cultural capital Melbourne is increasingly attracting the attention of overseas property seekers with its diverse communities, world-class amenities and robust job market. According to the latest data from realestate.com.au, property seekers from regions such as New Jersey (USA), Auckland (NZ), Hong Kong, California (USA), and Bali (Indonesia) are actively exploring real estate opportunities in the city.
-
Nov 28, 2024 | 
realestate.com.au | Karen Dellow |Matt Bell
NewsQueenslandBrisbaneQueensland is increasingly attracting the attention of overseas property seekers, due to its year-round good weather, beautiful golden beaches and laid-back lifestyle. According to the latest data from realestate.com.au, property seekers from regions such as Auckland (New Zealand), Canterbury (NZ), Hong Kong and Wellington (NZ) are actively exploring real estate opportunities in the city.
-
Nov 28, 2024 | 
realestate.com.au | Karen Dellow |Matt Bell
NewsNew South WalesSydneySydney, often regarded as Australia’s most internationally recognised city, is increasingly attracting the attention of overseas property seekers due to its melting pot of communities, world-class amenities and robust job market. According to the latest data from realestate.com.au, property seekers from regions such as New Jersey (USA), Auckland (NZ), Hong Kong, California (USA) and Singapore are actively exploring real estate opportunities in the city.
