This Week’s Featured News
Vacancy Rates Fall to Ten Year Low
Sydney and Melbourne drive the national result lower. SQM Research today has revealed national residential property rental vacancy rates fell to a ten-year low of 1.6% over the month of October 2021. Vacancy Rates The total number of vacancies Australia-wide now stands at 56,953 residential properties, down from 59,345 in October. Sydney, Melbourne’s and Hobart … Continue reading Vacancy Rates Fall to Ten Year Low
Second biggest auction week ahead
Upcoming auctions By Kaytlin Ezzy, Research Analyst Predicted auction volumes remain strong this week with expected capital city volumes in excess of 3,000 for the fourth consecutive week. With 3,643 capital city homes scheduled to go under the hammer, this week is set to be the second busiest of the year and the busiest since late March. … Continue reading Second biggest auction week ahead
Average Cost of Building a New Home in Australia
How much does it cost to build a new house in different states across the nation? Many factors influence the cost of building a new home in Australia. Besides the most obvious ones of lot price, building materials, design, and labour, several other factors are now influencing the market. Historic low-interest rates, implemented in the … Continue reading Average Cost of Building a New Home in Australia
Matt Damon Sells Quick After $3 Million Price Cut!
Bidding farewell to Los Angeles, Matt Damon listed his Zen-inspired Pacific Palisades mansion for sale in January for $21 million. With no takers, Matt recently reduced the price to $17.9 million, and it sold in a couple of weeks. The final sale price has not been disclosed. Situated on the same premier street his buddy, … Continue reading Matt Damon Sells Quick After $3 Million Price Cut!
Buyer Strategies in a Seller’s Market
As Australia opens up with vaccination rates rising and competition for property expected to increase in the coming months, experts are recommending that home buyers consider the not so perfect house if they want to get a foot on the property ladder. According to Real Estate Buyers Agents Association (REBAA) president Cate Bakos, buyers need … Continue reading Buyer Strategies in a Seller’s Market
Total Vacancy Rates Remain Steady in September 2021
Rental market remaining in favour of landlords for most capital cities SQM Research today has revealed national residential property rental vacancy rates rose to just 1.7% over the month of September 2021. Vacancy rates remained largely steady over the month of September, albeit remaining in favour of landlords for most capital cities with the exception … Continue reading Total Vacancy Rates Remain Steady in September 2021