Property

New home sales slumped in November, as rising rates place a stranglehold on new construction, latest HIA data has revealed.

Rising rent and population growth have helped the property market rebound amid a ‘FOMO phenomenon’, AMP’s chief economist has said.

A recent Property Council of Australia release has claimed that due to a cocktail of influences, housing affordability across Australia will worsen.

Residential property values have continued to defy contractionary monetary policy settings, with sustained increases heightening the risk of further tightening, according to analysts.

CoreLogic has reviewed the top sales across the country during the year that was, as the estimated value of Australian real estate surged to $9.4 trillion at the end of November.

New research has found a quarter of consumers believe now is the time to buy a home, while 13 per cent have plans to purchase over the next year.

Surging inflation, eight consecutive interest rate hikes, and deteriorating affordability drove a shift in Australia’s 2022 housing market performance, the end-of-year data reviews.

With interest rate rises weighing on prices, a new outlook report is forecasting property price falls of between 7 and 10 per cent nationally.

The buyer’s agency has revealed the top five trends set to shape the Australian property market this year.

The Australian Bureau of Statistics (ABS) has suggested a number of metrics that could be monitored to measure the link between land-use regulation and housing supply.

This week making news; electronic transactions are on the horizon for NSW and one of Victorian’s top agency’s spends mornings prospecting at the local club.

The average value for a capital city dwelling is now over $920,000, marking the largest annual increase ever reported by the ABS.

It’s been a big week for Australia’s property market. Here are some of the biggest trending stories impacting national housing.

The auction market has kicked off early this year, with 448 homes taken to auction across the capital cities earlier this week – more than double last year’s figures. 

The median house price for Australia’s combined capital cities has hit a high of $1.06 million, but Domain has suggested market growth may have already peaked.

Combined value of residential real estate in Australia fell to $9.7 trillion at the end of August - down from $9.8 trillion in the previous month, latest Corelogic data has revealed.

As the global pandemic has pushed Australia’s housing market to new records – property price gains now rank number one on an international scale.

The Australian property market took a tumultuous ride throughout 2023, marked by nuanced shifts and unexpected turns, ultimately culminating in a record high by year end.

The number of cleared properties is continuing to trend upwards, according to new CoreLogic auction data, yet it remains down from last year.

More economists have said a house price correction is on the cards in Australia, echoing forecasts from the big four banks.