Property

The territory has announced the exemption as a way to improve housing choice, access and affordability.

Searches from overseas for both rental and for-sale properties are “skyrocketing” according to PropTrack’s latest report.

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

“One of the ways forward … is our ability to see what brokers see,” Bankwest’s Ian Rakhit has said.

Australia’s housing market is on the verge of a full recovery from the 2022 downturn.

The major bank’s latest property survey has found that market share of first home buyers sank in 3Q23.

More Australians are delaying home purchases in anticipation of declining property prices.

Sellers should aim to sell in November, according to PropTrack, with the month achieving the highest national price difference.

As property values have nearly recovered their losses incurred in 2022, the number of days a property remains on the market has steadily decreased.

The latest ABS data has revealed a drop in dwelling commencements for the June quarter.