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It’s been a horror year for property owners but there’s a massive change on the horizon, with prices possibly set to skyrocket. Australia’s housing market could rise by up to a whopping nine per cent in the coming year. Sydney will lead the recovery and the NSW capital will ex...
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The federal government will invest in faster rail and road projects in NSW and Queensland in this year's budget. The federal budget will contain $17.9 billion for new and existing road and rail infrastructure projects, boosting the 10-year investment pipeline to more than $120 billion. The expe...
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Lawyer Rahul Bedi, front, with clients Sheridan Burnett, Olga Zautner, Wasantha Davidlage, Reece Peart, Mohammad Choudhury and Song Le, who have all had their contracts cancelled by 3 Property Group. A bill to amend legislation around off-the-plan property contracts will be presented to ACT parl...
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The coronavirus outbreak and continued lockdowns and restrictions have done little to dampen Australia's property market. Recent Domain data shows that property prices have reached record highs across all capital cities as the perfect storm for Australia's property market continues to roll out. ...
Read MoreAfter a crazy year, record-low borrowing costs and government efforts to stimulate the economy have set Australian housing prices up for further growth in 2021 - after every city bar Melbourne closed the year in positive territory, having already made up their losses triggered by the pandemic. A...
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The Reserve Bank says with interest rates to remain lower for longer, all levels of government can borrow for job-creating projects. The Reserve Bank could push interest rates closer to zero to help the economy out of the coronavirus recession as it presses all levels of government to use their ...
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The main reason for this is the incredibly cheap mortgage rates currently available The Australian housing market is a peculiar beast. You would think that in the midst of a worldwide pandemic that has seen Australia’s economy crash by 7%, and around one in five Australians either unemploy...
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Westpac is the latest bank to upgrade its short-term home price targets, citing record low interest rates, ongoing regulator support and a steadying economy for its more positive outlook. The bank says residential property prices are now expected to experience a 5 per cent correction through to ...
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Australia’s property market is on the slide as the coronavirus weighs on buyers’ confidence, but one market has defied expectations and emerged as the “clear winner” amid the pandemic. Canberra – home to federal Parliament, Lake Burley Griffin and the Floriade &ndas...
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Not every Australian housing market has performed the same way since the onset of the Covid-19 pandemic. The latest Corelogic home value index results reveal that since March, Melbourne property values have fallen 3.5 per cent. Meanwhile, the ACT dwelling market reached a record high. And from...
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Bucking the nationwide trend of falling capital city house prices, Canberra’s market is only just warming up. There has never been a better time to live, work or invest in Canberra. Australia’s youngest capital city is undergoing an unprecedented transformation, with more than $2.9 ...
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Over the next two decades, Canberra will need to build 100,000 new homes — approximately 12 per day — to accommodate the city's booming population. The ACT is expected to welcome an additional 170,000 people in just over 20 years. But where and how those people are housed will shape ...
Read MoreBucking the nationwide trend of falling capital city house prices, Canberra’s market is only just warming up. Bucking the nationwide trend of falling capital city house prices, Canberra’s market is only just warming up. There has never been a better time to live, work or i...
Read MoreThere was very little directly related to housing in this year’s Federal Budget, however regional Australia is the clear winner. There was very little directly related to housing in this year’s Federal Budget, however regional Australia is the clear winner. More sp...
Read MoreMigration data which was recently released by the ABS showed that as of June 2018, an estimated 17,650,130 residents of Australia were born in Australia. Migration data which was recently released by the ABS showed that as of June 2018, an estimated 17,650,130 residents of Australia were bor...
Read MoreThe first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by 1 per cent during the first three months of the year. “This seasonally strong first quarter has delivered the highest incre...
Read MoreAs part of its housing affordability plans, the federal opposition has announced its plans to incentivise property investors should it come into power next year. On 16 December, Bill Shorten announced a $6.6 billion plan to address housing affordability, which directly involves incentives. ...
Read MoreThe volume of housing stock listed for sale is currently higher, for this time of year, than it has been in many years. While total stock is elevated, newly listed stock remains at fairly similar levels to recent years which suggests that it isn’t a dumping of stock onto the market which ...
Read MorePart of the Snowy Hydro Legacy Fund is set to be spent on funding a new corridor for a “very fast train” between Canberra and Sydney. Key points: The NSW Government says the $4.2 billion fund will be used for rail and road connectivity, freight, aviation and digital connecti...
Read MoreSydney house prices will fall 5.1 per cent this year, and then tread water in 2019 with only a 0.6 per cent gain, according to forecasts by Moody’s Analytics and Corelogic. However, the correction in NSW won’t be uniform with more affordable areas like the Central Coast &nd...
Read MoreThe latest CoreLogic home value index results show the slowdown in the national market has become more broadly based with regional dwelling value growth continuing to slow. In this week’s Pulse we look at how values have changed over the past 12 months outside of the capital cities. Over...
Read MoreACT government investment in infrastructure projects has risen 10 per cent in the past year, largely due to the stage one light rail project, but it is expected to slow next year, as work on the project ends. The June quarterly Deloitte investment monitor shows the value of territory governmen...
Read MoreBooming foreign student enrolments at Canberra’s universities is fuelling growth in the city while the threat of public service job cuts is receding, says one of Australia’s leading private sector forecasters assessing the health of the nation’s economy. The double digit-grow...
Read MoreThe University of New South Wales Council has approved the strategic investment to develop a new research, education and innovation precinct in Canberra’s CBD. Located along Constitution Avenue, the proposed UNSW Canberra City Campus would deliver both short-term and long-term econ...
Read MoreAustralian home prices fell for an eleventh consecutive month in August, led by declines in a majority of capital cities. According to CoreLogic’s Hedonic Home Value Index, Australia’s median home price fell 0.3%, adding to a 0.6% drop recorded previously in July. That took the decl...
Read MoreFor many years the word Canberra has been followed by a yawn, then associated with bureaucracy and stuffy politicians. However, those times, they are a changing! Would you believe Lonely Planet rated Canberra the third best global city to visit in 2018? The unemployment rate is the ...
Read MoreEvery other day we hear a media story claiming the Canberra apartment market is in the doldrums. Just this week, the tired mantra that Canberra’s unit market is stagnating, with no sustained growth in recent years, has been rolled out again. These claims couldn’t be further from...
Read MoreAussie recently released there 25 Years of Housing Trends report. This report showcases: Strong housing market conditions have boosted household wealth over the past quarter of a century. The average mortgage size has increased at roughly the same pace as housing values. With mortgage rate...
Read MoreOnly one capital city’s median rental price for houses increased over the June quarter according to the latest Domain Rental Report out today. The national median rental price for houses remained steady at $437 over the three months to June, while the median unit rental price f...
Read MoreDespite recent house price weakness, Australia’s property boom – which saw house prices in some areas of Sydney soar almost 90 per cent from 2010 – created windfall gains for some property owners. Property researcher Corelogic has revealed the top growth suburbs ov...
Read MoreThe disparate state of Australia’s property market has been laid bare in a new report, with prices in some markets falling by 7.4%, while others are booming, with price growth of just over than 16% year-on-year. The latest realestate.com.au Property Outlook Report, released today, s...
Read MoreCanberra’s housing boom in the past decade is the biggest on record for the ACT and has created an oversupply of more than 6000 apartments in the city, but if the population continues to grow at current rates, it is likely to soak up the excess supply. The boom had led to an oversuppl...
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