The extraordinary momentum carried over from 2020, coupled with monetary and fiscal stimulus measures has contributed to an unprecedented year of growth and litany of outstanding results for the Australian residential housing market. The estimated value of Australia’s residential real estate had gone from $7.2 trillion at the end of November 2020, to reach a…
2021 will be remembered as a year when our property market defied the odds and boomed. Domain’s End of Year Wrap shares an overview of the year and Dr Nicola Powell, Chief of Research & Economics for Domain, defines 2021 as the year we re-imagined our homes. She explains: The challenge of grappling with a…
Australian property prices rose 1.5% in the month of September despite the fact that many of us were still living in a Covid Cocoon. Housing values surged 20.3% higher in the past year, and even rose a massive 46 per cent in certain coveted school zones, pumped up by the Reserve Bank’s reassurances that its…
Domain’s September Quarter 2021 House Price Report shows Australian house prices experiencing a historical rate of growth at 21.9 per cent. This is the fastest annual rate of growth on record with median house prices at almost $1 million nationally. Although house and unit price growth rate has been the fastest on record, quarterly growth…
How have the coronavirus lockdowns affected you? Has the pandemic changed your strategy or approach to property investing? Are you considering moving to live in a different location because of COVID-19? These are only some of the Covid-19 related questions we recently asked 1,700 Australian property investors and would-be investors in our annual Property Investment…
The most popular suburbs for property deals have been revealed, with the Domain House Price Report showing a trend to sea-change or tree-change hotspots or outer suburbs offering more space. At the same time, inner-city unit markets have been busy, with first-home buyers taking the opportunity to purchase from investors who need the cash while…
The Australian Prudential Regulation Authority (APRA), our lending regulator, has announced new changes to lending rules for banks. They told banks and other authorised lenders that from November borrowers will need to be able to meet repayments at least 3 per cent higher than the loan product rate to receive a loan. If, for example, you apply…
Consumer confidence overall has been very resilient to the lockdowns seen in NSW, VIC and the ACT. Despite an extended lockdown period for much of the country, consumer confidence had begun to increase according to ANZ-Roy Morgan, amidst revealed plans in NSW to reopen. With consumer sentiment lifting and business confidence in yesterday’s NAB Business…
Will Covid Delta derail our property markets? The answer is NO according to the latest ANZ Bank research. Our housing markets remain in very good shape with national house prices continuing to rise strongly, even in Sydney where increasing levels of mobility restrictions have been in place since June. According to ANZ, ultra-low interest rates,…
It’s been a tumultuous year for Australia’s property market. The coronavirus pandemic has caused economic uncertainty, yet a surge in demand and skyrocketing prices for properties in certain locations. While international borders remain closed, the shape of the nation within Australia is changing at a fast pace never seen before in our market. Regional Australia…
