Week Ending 27 October ’23 Property Weekly Pulse with Rasti Vaibhav Each week Rasti monitors the various news outlets to get a feel for the stories that influence how the property market is tracking. Australia’s housing market is buzzing as 2023 draws to a close. With rising confidence and intriguing price patterns, this week’s update reveals pivotal shifts and opportunities in the property landscape. Dive … Continue reading A Surge of Confidence and Building Cost Dynamics

In a turn of events, lucrative bank offers like cashback and slashed interest rates are becoming rarities. Reserve Bank of Australia states that the average variable home loan rate for new customers in August hovered around 5.99%. AMP’s chief economist, Shane Oliver, indicates that chasing higher shareholder returns has stifled these incentives. Final Thoughts Understanding the nuances and staying ahead of the curve is crucial … Continue reading Bank Incentives Fizzle Out

Sydney, Thursday 26th October 2023 Realty.com.au, a pioneer in the real estate industry, is proud to announce its groundbreaking proprietary AI technology, set to revolutionise the property search experience by introducing a Beta version of AI-driven Discovery Search. Realty Media Group, the founding company behind Realty.com.au, promised to ‘connect property and consumers differently’ when it was first to launch social delivery of every property available … Continue reading Realty innovates with AI Technology for Discovery Property Search

The rental scene, too, mirrors a similar tightening. SQM Research’s data reveals a dip in the national residential vacancy rate to 1.1% in September. Louis Christopher, SQM’s Managing Director, observes that this trend is almost universal, touching upon major cities and regional locales. An immediate fallout of shrinking vacancies? A noticeable jump in asking rents – up by 1.3% nationally in September and a whopping … Continue reading Rental Market Tightens

Addressing the housing crunch, another intriguing proposal has emerged. What if speeding up approvals for Granny Flats is the key? According to a collaborative study by CoreLogic and Archistar Blackfort, incentivising property owners and streamlining approval procedures could lead to the construction of over 655,000 granny flats across Australia. Tim Lawless of CoreLogic perceives these flats as cost-efficient housing alternatives. The brilliance of this concept? … Continue reading Granny Flats: An Innovative Solution?

The Housing Industry Association (HIA) believes in a hands-on solution. The housing supply crisis can be potentially addressed by funnelling more talent into the construction arena. This viewpoint gained traction when the National Skills Agreement declared an investment of $12.6 billion in the Vocational Education and Training sector to combat skills scarcity. Jocelyn Martin, the HIA Managing Director, strongly argues for the need to mould … Continue reading A Cry for More Construction Talent

Recent predictions by prominent economists indicate that Australian house prices are geared up for even higher ascents come November. Two key voices from the National Australia Bank, Gareth Spence and Mark Browning, assert that city prices, especially in the major capitals, aren’t slowing down. Their reason? A blend of two potent factors: This narrative is further fortified by CoreLogic data, which noted a growth spike in … Continue reading Housing Market Set to Soar Further

New analysis of all residential properties across Australia’s three largest capitals has identified more than 655,000 sites suitable for the construction of a granny flat, offering a solution to help ease the housing shortage. Granny flats: Where are the greatest opportunities for development? by national town planning research platform Archistar, real estate construction lender Blackfort, and property data and analytics provider CoreLogic assessed every residential … Continue reading Untapped granny flat potential in largest capitals could boost housing supply