News

Recent data indicates that almost all capital cities are experiencing homes selling at an increased pace. The most recent data from Domain shows a declining trend in ‘days on the market,’ with Sydney leading the trend by a reduction from 66 days in March to 63 days in April. Melbourne, Brisbane, and Adelaide have also […]

The Australian auction market in the capital cities responded strongly to the recent rate cut, exhibiting an increase in auction activity and more favourable clearance rates. This response is in line with previous behaviour observed after rate reductions—interest rates are a powerful motivator for heightened market activity. Overall Market Response In the week following the

Where Does $1 Million Go Furthest in Australia’s Housing Market? New data from Cotality reveals that one in three homes across Australia is now worth a million dollars or more. In capital cities, the proportion is even higher: almost half of all homes are that pricey. The regions are catching up, too, as demand beyond the city

Positive Growth in Dwelling Values  The Australian housing market recorded an additional month of growth as dwelling values climbed by 0.3% in April. This adds to the previous data compiled by Cotality’s national Home Value Index, which also reported growth for the three subsequent months on other metrics. This trend has cumulatively increased the median

According to CoreLogic data, Australia is experiencing a significant housing crisis. The average house price has jumped by 39.1 % in the last five years. This surge has critical ramifications not just for homebuyers and renters, but also for the upcoming federal elections.  Important Statistics  Rents have surged by 36.1 % since the COVID-19 outbreak.

With the ambitious goal of the Federal and State governments, the construction of 1.2 million new homes to be built in Australia by the year 2029 is looking a little difficult to accomplish, but the increasing difficulties in the construction sector is making this goal harder to achieve. Other industry studies suggest that there is

With the release of the 2025 Federal Budget, the government announced several funding opportunities intended to alleviate Australia’s housing crisis. The budget plans to alleviate the ongoing pain of lack of housing supply and affordability hurdles, but experts seem to be divided on whether the situation will be mitigated significantly. Relief for First Home Buyers

Consistent with market expectations, the Reserve Bank of Australia (RBA) has held the cash rate at 4.10%. This comes after the RBA’s considered tone in communications, including the first econometric cut in a series of cuts, the 25-basis-point cut in February, after more than four years of holds. The RBA’s caution contributes to its attempt

The COVID-19 epidemic (COVID-19) struck five years ago and is still severely damaging the global economy.  Australia is not exempt since the country’s home value has grown by 38.4% since March 2020.  Although there are still variations along the road, buyers, renters, and investors have continuous chances and obstacles. The Market Still Shows The Up-and-

As per Australia’s PropTrack Home Price Index, the country’s property market registered a milestone in February with homes appreciating by 0.4%, indicating Australia is gradually succeeding in its battle against inflation. This signifies a reversal from the sequential declines experienced in previous months.  Also, during this time, some media attention became engrossed with the story