Latest Property Market News

no vacancy

Low Listings Lift Buyer Pressure   New figures showing the number of listings of homes for sale has hit its lowest level in three years. SQM Research figures show new home listings dropped 19.6% over January. Managing director Louis Christopher says January is traditionally a quiet time for listings but the numbers are down for […]

Falling Approvals Add To Shortage

Further decreases in dwelling approvals are likely to exacerbate the shortage of homes which is pushing up rents.   ABS data shows dwelling approvals recorded their third consecutive month of decline in November. The 9% decline in the number of dwellings approved follows a 5.6% fall in October. Overall, total dwelling approvals have fallen 22% […]

Announcement of ‘Housing Accord’ in the 2022 Federal Budget and what it implies?

property-update

What does the  ‘Housing Accord’ in the 2022 Federal Budget mean? In last night’s Federal Budget, Jim Chalmers, the Federal Treasurer, announced a new national partnership called ‘Housing Accord’ – a commitment to build one million new ‘well located’ homes over five years, from 2024. The announcement took the collaborative approach, where Dr Chalmers said […]

Why Investors Should Make a Comeback

Recently, Tim Graham from Reventon Property talked to Hotspotting founder Terry Ryder in a webinar about the Australian property market and how investors are seeking strategic opportunities to make the most of the key growth markets across Australia. Graham combats the five key talking points investors are making: The Media and the Truth Recent media […]

Rentals Snapped Up At Record Pace

Rental properties are being snapped up faster than ever before, with new data revealing they stay on the market for an average of only 19 days. PropTrack analysis shows the city where properties rent the quickest is Brisbane, where they last an average of only 15 days. Adelaide properties rent in an average of 16 […]