Apartment values are rising faster than those of houses in about six out of 10 suburbs nationwide as the price gap between the two categories blows out to a record 48.2 per cent, CoreLogic data shows. A sharp decline in borrowing capacity, coupled with the recent house price gains, has consolidated the demand for units,…
Massive 50pc price rise predicted ahead of 2032 Olympics
Experts have predicted a 50 per cent rise in home prices ahead of the 2032 Olympics as over $75m was spent on Sunday alone in a special 112-home mass auction – one of the biggest Brisbane has seen. The Ray White Brisbane 100, celebrating the group’s century of operation in the Queensland capital, saw $75.25m…
What are the predicted house prices for 2024 and 2025 in Australia?
Real estate prices across most of the country will continue to rise in the next financial year, led by sizeable gains in Perth, Adelaide, Brisbane and Sydney, a new Domain report has forecast. Across the combined capitals, house prices are tipped to increase by 4 to 7 per cent, while unit prices are anticipated to…
More than one in four properties in Australia purchased with cash in 2023 – PEXA research
News Release Wednesday 13th March Melbourne, Australia: More than one quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, with buyers immune to recent interest rate hikes, according to a new report released by PEXA today. PEXA’s 2023 Cash Purchases Report found the total value of cash-funded residential sale…
Sydney house prices headed towards a double-dip downturn
Sydney’s housing market could be on course for a double-dip downturn as early as next month, after prices slowed faster than expected in November, sparked by the Melbourne Cup interest rate rise and a large lift in listings, CoreLogic data shows. Home values in the city lifted by 0.3 per cent during the month, which…
Brisbane faces worst rental crisis in country
A sell-off by Sydney and Melbourne property investors has left Brisbane with the worst rental crisis in the nation – the amount of rental stock in the city has now shrunk to half of its usual level. With a vacancy rate of 1 per cent the city is under exceptional strain – and rents are…
