property market Australia

Vacancy Rates Rise Modestly in April
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Data released by SQM Research this week has revealed vacancy rates edged higher across most capital cities in April. Nationwide, the number of national residential vacancies rose to 76,959 rental homes, giving a national vacancy rate of 2.4%, up modestly from 2.3% in March 2017. In Melbourne and Sydney, vacancy rates sat at 1.6% and…

The week that was in property
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The Reserve Bank (RBA) released the minutes of its September board meeting earlier this week.  At the meeting, the last for Governor Glenn Stevens, the RBA board decided to keep official interest rates on hold at 1.5%. The minutes included quite a lot of commentary around the housing market which follows. ‘Conditions in established housing…

Dwelling approvals still simmering
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The Australian Bureau of Statistics (ABS) released building approvals data for October 2015 earlier today.  Focusing just on dwelling approvals, although they were slightly lower than the recent record high levels, the overall number of dwellings approved for construction remain extremely high from a historical standpoint. There were 19,652 dwelling approvals in October which was 3.9%…

The Week That Was In Property
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The Reserve Bank (RBA) released the minutes of the November 2015 board meeting earlier this week. At the meeting the RBA decided to keep official interest rates on hold however, in the lead-up to the meeting there was some speculation that rates may be lowered. Relating to the housing market the minutes noted: ‘Overall, the low level…

Latest Property Market Data & Trends
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The latest market data and trends report from CoreLogic gives us a snapshot of what’s been happening around Australia this past week. Make informed property investment buying and selling decisions by reading: Capital city home value changes over the last week, month and year Latest auction statistics by state How many properties are listed for sale by state…

November Australian Housing Market Update [video]
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What’s happening in the property markets around Australia? October dwelling values showed a 0.2% rise over the month, with the pace of capital gains continuing to lose steam across Australia’s two largest capital cities. The hottest housing markets in the nation, Sydney and Melbourne, have continued to see an easing in the rate of capital gain over the month…

Tough times in the country: Regional land prices recede
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Capital cities are dominating land value growth. A stunning research note from Cameron Kusher of CoreLogic-RP Data which revealed that while median vacant land prices continued to rise very strongly in Australian capital cities over the past year, regional land prices fell by -3.4 per cent to $156,500. In particular land values in Sydney (+16.6 per cent) and Melbourne…