With people dipping into savings to shore up spending and a decline in property services, Australia’s economy slowed more than projected in the September quarter. Growth in gross domestic product slowed to 0.6% from 0.9% in the previous quarter and…
A new analysis finds that smaller capital cities will shine in 2023, providing the greatest value for property searchers, whereas regional locations were the hot destinations to purchase this year. Canstar’s annual Rising Stars Report, which tracks the Australian real…
Homebuyers may be excused for assuming that, by the age-old adage “buy low, sell high,” investors would pour into the housing market during a slump. But this puzzle lacks one component despite decreased property costs and other variables that make…
As sellers lower their expectations to get deals done amid the market downturn, new data indicates that auction clearing rates had improved to levels last seen before interest rates began to increase. As the shock of seven interest rate hikes…
The significant rise in Australian property prices in 2020 and 2021 is no secret to anybody who has tried to sell or buy a home in the last few years. However, real estate values have been declining recently, and in…
An open house sign and an overhead picture of a regional Australian property market. The booming local real estate market may be gone. Australians who saw the outbreak as a chance to test the local real estate market may regret…
House prices are in a downward cycle, and sellers who need a sale are becoming more flexible on price. However, motivated sellers represent a more significant proportion of the market as prices fall. Many homeowners who are not in a…
The most significant drops in house prices ever recorded occurred in Sydney, Melbourne, Brisbane, and Canberra during the past quarter, leaving prices in all the capitals $53,000 lower than in March this year. According to the most recent Domain Home…
In most areas, property rentals increased by double digits over the last year, as shown by the September rental report from PropTrack. The proportion of rental properties advertised on realestate.com.au for less than $400 decreased from 41.8 percent at the…
According to Shayne Elliott, chief executive officer of ANZ, a large Australian bank, many Australian borrowers are ahead on their mortgage repayments, which should protect them from a rough landing when interest rates climb. This year, the Reserve Bank of…