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Overseas interest in Aussie properties has surged to record levels as migration hit its highest point in three years, according to the latest PropTrack Overseas Search Report.  During the last quarter, the number of searches conducted from abroad for purchasing and renting properties on realestate.com.au reached an all-time high, surpassing previous records set since PropTrack’s…

Treasurer Jim Chalmers has delivered his second budget with a heavy focus on cost-of-living relief for Australians who are struggling due to persistently high inflation and rising interest rates. While Chalmers says the economy should continue to create jobs and unemployment is expected to remain historically low, inflation remains the top economic concern. Chalmers says…

After declining for most of last year, home prices have started to increase again in 2023, with April marking the fourth consecutive month of rises nationwide, according to the latest PropTrack Home Price Index.  This is due to factors such as strong migration, limited supply, and tight rental markets, which are offsetting the impact of…

Another senior economist has changed their view on the housing market. One by one they are upgrading their property forecasts and agreeing that our housing market won’t crash like they had previously forecast. Recently ANZ’s economists amended their more pessimistic outlook and now expect capital city housing prices to end this year unchanged before a…

In its Rent Report for the March quarter, Domain has emphasized that the rental market in Australia still heavily favours landlords, as tenants face challenging conditions due to increasing demand and limited supply in 2023. Dr Nicola Powell, Domain’s Chief of Research and Economics said: “Across the combined capitals, we’re now seeing the longest stretch…

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