With the April-May holiday period now finally ended, capital city auction markets have reported generally solid to strong results with the prospect of robust activity continuing through to the end of the notional autumn selling season in June. Auction results around Australia, Saturday May 4th 2024: Capital City This Saturday Last Saturday Auctions Rate Auctions…
![Perth housing market update [video] | May 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg "Perth housing market update [video] | May 2024")
Australian home values moved through a 15th straight month of growth in April with CoreLogic’s national home value index rising by 0.1%, on par with the pace of gains recorded in February and March. The Perth housing market seemed to be running its own race with a quarterly rate of growth and home values rising…
In her recent address in Hobart, Reserve Bank Assistant Governor Hunter stated that the home building industry is facing a ‘perfect storm,’ as noted by HIA Senior Economist, Matt King. “New home building is plagued by a structural undersupply of new greenfield and infill land, inefficiencies and delays in planning regimes, development approval processes, skilled…
![Adelaide housing market update [video] | May 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/adelaide-270x200.jpg)
Australian home values moved through a 15th straight month of growth in April with CoreLogic’s national home value index rising by 0.1%, on par with the pace of gains recorded in February and March. Adelaide home values increased by 1.3% in April, a subtle slowdown relative to March when the monthly growth rate was 1.4%….
![Brisbane housing market update [video] | May 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/brisbane-270x200.jpg)
Australian home values moved through a 15th straight month of growth in April with CoreLogic’s national home value index rising by 0.1%, on par with the pace of gains recorded in February and March. The pace of growth in Brisbane housing values remains at the high end of the spectrum across the capital cities. However,…
For a Budget that made housing one of its central focuses, the federal government has three big ‘misses’ in the plans laid out on Tuesday night. Our Budget analysis considers what could be done more efficiently in the approach to Commonwealth Rental Assistance (CRA), construction, and use of existing supply. What did the Budget get…
![Sydney housing market update [video] | May 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/sydney4-270x200.jpg "Sydney and Melbourne to triple in size?")
Australian home values moved through a 15th straight month of growth in April with CoreLogic’s national home value index rising by 0.1%, on par with the pace of gains recorded in February and March. Sydney home values have continued along a modest upward trajectory, rising by 0.4% in April to be 1.3% higher over the…
![How long will interest rates remain on hold? | Property Insiders [Video]](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/05/AdobeStock_141193813-270x200.jpeg "How long will interest rates remain on hold? | Property Insiders [Video]")
The primary task of our Reserve Bank governor Michele Bullock is to bring inflation into the central bank’s target range of 2-3% and keep it there. However, this task seems to be all but impossible with inflation remaining stubbornly high, unemployment stubbornly low, and Aussies still spending up big. It’s old news now that the…
![Melbourne housing market update [video] | May 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
Australian home values moved through a 15th straight month of growth in April with CoreLogic’s national home value index rising by 0.1%, on par with the pace of gains recorded in February and March. Melbourne is the only capital city where housing values fell over the first four months of the year, nudging 0.3% lower….
National vacancy rates have slightly increased to 1.1% over the month of April 2024. This represents a rise from March when the national rental vacancy rate was 1.0%. The total number of rental vacancies Australia-wide now stands at 33,177 residential properties. Sydney recorded a rental vacancy rate of 1.2% with 10,133 rental dwellings vacant, up…
