Housing market

Confidence in the housing market continued to grow during the third quarter, the major bank’s recent survey has shown.

The major bank’s outlook for the housing market continues to foresee households adjusting to higher rates, while the rebound in population growth has drawn stronger housing demand.

Treasury has reacted to the RBA decision assessing a 2023 economic slowdown, but for ‘how long?’ and ‘by how much?’, economists have posed.

Regional property values continue to demonstrate “remarkable resilience”, outperforming their capital city counterparts, according to CoreLogic.

The COVID-19 pandemic’s influence on the Australian housing market is still being felt, five years after the global health crisis began.

Half of Australian housing markets saw an annual decline in values last year, with 80 per cent noting declines in the final quarter, according to new data.

The IMF has ranked Australia’s housing market as being the second most high-risk country of 27 countries, which CoreLogic attributes to five reasons.

A “strong cyclical position” bodes well for Australia, but tightening is still needed, major UN agency the IMF, has assessed.

The Reserve Bank has kept official interest rates sitting at 1.5 per cent ever since August 2016 which represents the longest period of cash rate stability on record.

New research has found that the effects of the COVID-19 pandemic on Australia’s housing market are ongoing.

The share of foreign buyers in Australia’s housing market has fallen from previous heights.

International buyers were the “bigger players” in the Australian housing market during the first quarter, according to the major bank.

The National Housing Supply and Affordability Council has assessed Australia’s housing market in its inaugural State of the Housing System 2024 report.

Australia’s property market has made a complete recovery following its downturn two years ago, a Domain report has revealed.

More data has suggested that Australia’s property prices are falling, with new figures reporting that values fell by 2 per cent last quarter.