Renovations Boom Under Way
Australia is having its biggest surge in home renovation activity ever, with Commonwealth Bank expecting it to hit overdrive throughout 2021. Over $800 million a month has been approved in [...]
CBA Predicts Housing Surge
Australia is on the “cusp of a housing boom”, according to the Commonwealth Bank, which has forecast house prices will rise 16% over the next two years. An economics issues [...]
Vacancies Drop Fuels Crisis
Vacancy rates in our already-tight rental markets fell in six of the capital cities and were unchanged in the other two in January, according to the monthly report from SQM [...]
Banks Back New Lending Laws
The big banks claim the planned rollback of responsible lending laws will help customers, saying it will lead to faster loan approvals by cutting the amount of detail consumers must [...]
RBA Won’t Act On House Prices
RBA governor Phillip Lowe has said the Reserve Bank is not responsible for targeting house prices, after questions were raised about the creation of a boom market against the backdrop [...]
ABS Data Confirms Migration
Australian capital cities have witnessed the biggest loss of people into the regions on record. The ABS has confirmed the Exodus to Affordable Lifestyle trend with the release of quarterly [...]
Perth Leads Rent Rises Nationally
House rents rose across most of the capital cities in 2020, headed by double-digit rises in Perth and Darwin. New data from Domain shows that the average result for the [...]
Nation Faces Record Rent Hike
The next several years “will produce the biggest increase in rents that Australia has seen”, according to real estate analyst Simon Pressley. Pressley, Propertyology’s head of research, is forecasting 2021 [...]
Pandemic Boosts Ownership Desire
The pandemic has accelerated the desire for home-ownership in young people, according to Mortgage Choice research. Nearly 45% of survey respondents are more likely to purchase a home now, with [...]
Investors Wake Up To Emerging Boom
The many strong property markets around Australia have been uplifted primarily by owner-occupiers, including first-home buyers – but the latest loans data suggests that investors are starting to join the [...]