Month: September 2021

CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period.  Nationally, the number of dwellings sold over the past year was 31% above the …

Housing turnover reaches the highest level in nearly 12 years Read More »

Australian house prices are now 19 per cent higher than they were before the pandemic, but the Reserve Bank of Australia won’t be lifting interest rates to dampen them. RBA governor Philip Lowe said he had said it before, but it was not the role of monetary policy to target house prices.  “Ever-rising housing prices relative to income, …

House prices jump $52,600 in three months, and the Reserve Bank says it can’t do much about it Read More »

Buyer demand has reached record levels despite lengthy coronavirus lockdowns in the nation’s biggest property markets of Sydney and Melbourne, but purchasers have limited choice as prices continue to rise. The latest REA Insights Housing Market Indicators Report showed demand, based on the number of views per listing of properties for sale on realestate.com.au, hit an all-time …

Record demand from buyers who face less choice and rising prices Read More »

Melbourne house values are predicted to rise 9 per cent in the next 12 months, more than any other Australian capital. And while the Reserve Bank of Australia (RBA) on Tuesday announced the cash rate would remain strong at 0.10 per cent, many homeowners fear interest rates could soon rise. The latest Finder RBA Cash …

Melbourne house values predicted to rise 9 per cent in 12 months, top nation Read More »

Sydney home prices have risen so quickly they can be measured by minutes and seconds. Analysis of property price growth over the past year showed houses in some areas grew in value by an average of $1 every 40 seconds – or up to $1.50 every minute. It came as house listings recently hit the …

‘Hard to comprehend’: Home prices rise $1.50 per minute in Sydney’s top boom regions Read More »

The Urban Developer’s latest Gold Coast housing market insights reveal that the continued population shift has lifted prices to their highest point in 30 years. This resource, to be updated monthly, will collate and examine the economic levers pushing and pulling the Gold Coast’s housing market. Combining market research, rolling indices and expert market opinion, this evolving …

Gold Coast Housing Market Insights: August 2021 Read More »