sydney-market

Sydney Market set to Strengthen in 2021

Sydney Market set to Strengthen in 2021 – Experts The Sydney property market is showing no signs of changing the upward trajectory it began midway through last year, according to three local property market experts. BFP Property Buyers Founder and Principal Ben Plohl said the start of the new year had been a solid one for the Sydney market with plenty of buyers already active.“I … Continue reading Sydney Market set to Strengthen in 2021

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Top 10 Predictions for Australia’s Property Market in 2021

Sydney,‌ ‌Australia‌ ‌–‌ ‌‌FOLLOWING‌ ‌a‌ ‌year‌ ‌of‌ ‌change‌ ‌across‌ ‌the‌ ‌property‌ ‌market,‌ ‌Knight‌ ‌Frank‌ ‌looks‌ ‌ahead‌ ‌to‌ ‌see‌ ‌what‌ ‌this‌ ‌year‌ ‌will‌ ‌bring‌ ‌for‌ ‌real‌ ‌estate.‌ ‌Its‌ ‌‌2021‌ ‌Outlook‌ ‌‌has‌ ‌10‌ ‌top‌ ‌predictions‌ ‌for‌ ‌2021:‌ 1. Urbanisation on hold, but cities will re-asset their strength At one level, COVID-19 seemingly threatens to up-end the status quo of city-centricity, but the weight  of evidence on the relative … Continue reading Top 10 Predictions for Australia’s Property Market in 2021

It’s a hat trick for Tassie

Launceston & North East Holds Position as Top Regional Market for Houses [SYDNEY, NSW, 23 November 2020] – The CoreLogic Regional Market Update, which looks at capital growth over the 12 months to October in Australia’s 25 largest non-capital city markets,  saw Tasmania’s Launceston & North East region remain the top performer for houses for the third consecutive quarter (10.5 per cent).   However, the … Continue reading It’s a hat trick for Tassie

Insurance

Safer Homes for Aussies

Insurers and Builders Joining Forces to Improve Australian Homes The Insurance Council of Australia (ICA) and the Master Builders Association (MBA) are uniting to develop proposals that will help strengthen homes and communities against natural disasters.  The industry groups have heeded key findings from the Royal Commission into National Natural Disaster Arrangements and will host a series of roundtable discussions to create a pathway towards national … Continue reading Safer Homes for Aussies

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Pain Before Gain: REAL ESTATE Impact of Dropping Foreign Student Numbers

SYDNEY (10 November 2020) — Juwai IQI is releasing today this summary of Chinese residential real estate buyer activity related to Education in Australia, adding its own data and insights to the new report from the Mitchell Institute, Coronavirus, and international students. Juwai IQI Executive Chairman Georg Chmiel said: “It will be pain before gain. Student numbers are likely to keep falling and vacancies to … Continue reading Pain Before Gain: REAL ESTATE Impact of Dropping Foreign Student Numbers

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We build the world’s biggest houses

Australian houses are world’s biggest: CommSec Home Size Trends Report The latest CommSec Home Size Trends Report reveals Australians are again building big houses and apartments. Australia is again building the biggest houses in the world, ahead of the United States, according to the latest CommSec Home Size Report. The average new house built in Australia in 2019/20 was 235.8 square metres, up 2.9 per … Continue reading We build the world’s biggest houses

corelogic

Cash rate at ‘unprecedented’ low

At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. Statement by Philip Lowe, Governor: Monetary Policy Decision With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs. Encouragingly, the recent economic data have … Continue reading Cash rate at ‘unprecedented’ low

HomeBuilder sets new construction record

HomeBuilder sets new construction record

“The number of loans for the construction of a new dwelling increased by 27.1 per cent in the month of September 2020, to the highest result since the Australian Bureau of Statistics (ABS) commenced collection of this data in 2002,” stated HIA’s Chief Economist, Tim Reardon. “The ABS also released its building approvals data today, which is a more lagged indicator of future building work, … Continue reading HomeBuilder sets new construction record

Australian housing values

Australian housing values move into recovery mode

Following five months of consistent declines in residential property values, CoreLogic’s national home value index moved back into positive month-on-month growth through October, posting a 0.4% rise.  The lift in home values was broad-based, with every capital city apart from Melbourne posting a rise in values over the month. Over the month dwelling values increased by more than 1% in each of the smallest four … Continue reading Australian housing values move into recovery mode

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New Listings in Melbourne

New Listings soar across Melbourne, overtaking Sydney as Restrictions Ease By Eliza Owen, Head of Research Australia One of the lessons learned about the property market through COVID-19 is that listings numbers have been extremely responsive to changes in social distancing policies. Despite an extended lockdown, Melbourne is no exception. Since onsite, private inspections resumed on the 28th of September, new listings volumes have soared. The … Continue reading New Listings in Melbourne