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This week’s Australian Property Market Update – Latest Data, State by State March 19th 2024
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Australia’s housing is so horribly undersupplied that I’ve rarely encountered a supply-demand inflection point like this. The depth of buyer appetite was again shown by this week’s strong auction clearance rates despite 2,723 properties being put to auction as demand from buyers keeping up with the increased number of properties put to auction. Easing inflation…

Auction clearance results March 16th – Another Big Day of Auctions – but Clearance Rates Fall
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Weekend auction markets hosted another big day of auctions, but clearance rates were lower across the board as robust markets now test buyer depth. Auction results around Australia, Saturday March 16th 2024: Capital City This Saturday Last Saturday Auctions Rate Auctions Rate Sydney 836 71.3% 847 74.5% Melbourne 1290 65.2% 359 67.5% Brisbane 120 56.4%…

Vacancy Rates Continued to Decrease Over February | SQM Research
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The national vacancy rates continued to decrease and now state at 1.0%. From January to February the decrease was by 0.1%. The total number of rental vacancies Australia-wide now stands at 30,161 residential properties, which is a decrease from 32,108 in January. Only Perth and Adelaide remained stable, however, other major cities recorded vacancy rates…

Interest rates are expected to drop but trying to out-think the market won’t guarantee getting a good deal
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With most economists expecting interest rates to start falling later this year, prospective home buyers might be weighing up whether to buy now for fear of strong competition for stock or waiting until repayments are lower. The financial markets and private sector economists expect the Reserve Bank to start cutting interest rates later this year….

Brisbane housing market update [video] | March 2024
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Housing values posted a broad-based rise in February, with CoreLogic’s National Home Value Index up 0.6%. This was a 20 basis point acceleration from the 0.4% increase seen in January and the strongest monthly gain since October last year. Each of the capital cities and rest-of-state regions recorded a lift in values over the month,…

Property a priority for Gen Z women but affordability and investment major hurdles
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Who owns more property – men or women? Well, according to CoreLogic’s 2024 Women & Property report, which surveyed home ownership status and motivations, barriers and attitudes towards dwelling ownership among women and men in Australia 68.2% of women surveyed own at least one property – including owner-occupied and investment properties – slightly higher than…

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