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…
Australia ranked in the top 10 best places for expats to live and work globally
Australia is ranked by expats to be among the top 10 countries to live and work abroad, with positive attitudes towards work-life balance and a flexible and creative business culture supporting the result. The Expat Insider 2022 survey ranks Australia as number nine overall among countries that are the best to build a career abroad. Australia’s strong jobs market…
$1.06 billion for expansion of Redcliffe Hospital to deliver 204 extra beds
Minister for Health and Ambulance Services The Honourable Yvette D’Ath The Palaszczuk Government will invest $1.06 billion to deliver a major expansion of the Redcliffe Hospital, as part of the largest investment in new and expanded hospitals and new beds in Queensland’s history. Health Minister Yvette D’Ath said the expansion would boost the hospital’s bed…
Australia’s Top 10 Builders Weigh In On Construction Industry
Australia’s construction industry is navigating treacherous market conditions as global supply chain pressures and cost escalations push a number of builders to the brink. Labour shortages are likely to overtake materials costs as the main driver of inflation in the coming months as Australia competes with the rest of the world for skilled workers. However,…