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06.12.2024

Property news

Want to know the latest news about Australia? We’ve got it covered.

We guarantee the most up-to-date new stories about property in Australia, including investing, buying, renting and mortgages. They’re written by local and international reporters exclusively for you.

Housing approvals rise 12%

Home loans at record high

Photo of the week blue mountains by neal pritchard

what's been happening in Property this week

Property Auctions Recover

04 July 2020 In: Property, Sydney, General

Australia property market has seen a recovery in Property Auctions in June. Auction markets are showing signs of recovery with the clearance rate at the end of June in Sydney at just under 70%. And while high-end properties have seen a small fall in value, more affordable properties have increased in value. Total number of auctions were higher compared to same time last year, with an increase of 111 auctions, and a higher clearance rate….

Regions Top Property Lists

04 July 2020 In: Property, New South Wales, General

Regional New South Wales has experienced the highest median house and values compared to other regional areas. In regional New South Wales Average price of a house is $482,387 (a monthly rise of 0.4%) In regional New South Wales average price of a unit (apartment) is $406,396 (a monthly rise of 0.6%) Changes in regional NSW’s property market over April have been very similar to that of inner Sydney’s property market. Overall, house and unit…

South Australia Property

03 July 2020 In: Property, South Australia, General

South Australia bucked the national trend of approvals for private sector houses in May, with the number of new dwelling approvals increasing 7.1 per cent. New South Wales has also seen an increase with the number of new dwelling approvals rising one per cent, according to the Australian Bureau of Statistics Total value of auction sales in May was $333 Million The number of auction sales during the month saw Brisbane ahead of the pack…

Australia Property Prices Rise

17 June 2020 In: Property, Finance, Economy, General

Australia Property Prices rose 1.6 per cent in March quarter 2020, according to the Australian Bureau of Statistics. All capital cities recorded a rise in residential property prices in the March quarter 2020, with Australia’s two largest cities, Sydney (+1.9 per cent) and Melbourne (+2.1 per cent), continuing to lead the rises. House prices rose 2.6 per cent in Sydney and 2.3 per cent in Melbourne, while attached dwelling prices rose 1.5 per cent in…

Sydney Property Market

12 June 2020 In: Property, Sydney, New South Wales, General

Sydney Property Market is positive with property buyers and sellers still transacting despite coronavirus restrictions. New South Wales Treasurer Dominic Perrottet says that the real estate industry has adapted well to COVID-19 having rolled out virtual inspections and online auctions. The federal government is easing restrictions allowing real estate agents to conduct in-person auctions and open inspections along with social distancing measures. Dwelling values in Sydney increased by 0.4% over April. For the past quarter,…

Housing Finance Rise and Fall

11 June 2020 In: Property, Finance, General

Housing Finance has been impacted by COVID-19 emergency but there has been an increase in housing loans in annual terms despite the effects of lockdown. Despite April’s fall in new commitments for owner-occupier first homebuyers, the series remain up 20.2% on the most recent low point in December 2018 according to latest figures from the Australian Bureau of Statistics. “COVID-19 operational impacts experienced by some lending institutions resulted in a backlog of March housing loan…

Australia Housing Market

04 June 2020 In: Property, New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, Northern Territory, South Australia, General

Australia Housing Market: The number of dwellings approved rose 1.0 per cent in April according to the Australian Bureau of Statistics. “The rise in April was driven by both private sector dwellings excluding houses (1.0 per cent) and private sector houses (0.8 per cent),” said Daniel Rossi, Director of Construction Statistics at the ABS. “These results are consistent with leading indicators in early 2020, prior to the onset of the COVID-19 pandemic restrictions. Building approvals…

Australia Property Prices

24 May 2020 In: Property, Economy, General

Australia Property Prices increased by +0.7% in the past month, +2.7% for the quarter and +7.5% for the year. Industry analysts report that second half of March saw a weakening in growth as a result of social distancing rules and a fall in consumer confidence. Top performing capital cities for the month were Darwin (+2.0%), Sydney (+1.1%), Brisbane (+0.6%), and Canberra (+0.6%). Over the past quarter, the best performing capital cities were Sydney (+3.9%), Melbourne…

Australia Property Investment

24 May 2020 In: Property, Finance, Economy, General

Australia Property Investment: Here are ten locations across Australia that are worth investigating for investment purposes if you are seeking an apartment / unit with the prospect of solid returns. 1. Hobart apartments Tasmania as a whole has risen to the top of many property investors lists, mainly because it is affordable compared to Australia’s other state capitals, but also due to lifestyle factors which continue to draw people to the Apple Isle. In terms…

Perth Property Prices

23 May 2020 In: Property, Finance, Family, General

Perth Property Prices in 2020 have continued trending upwards after recently turning positive. All of Perth’s sub-regions recorded a rise over the March quarter. Overall, Perth Property Prices were up +0.5% in March, and 0.9% over the quarter, but down -3.1% for the past year. Perth Average House price: $461,845 Perth Average Unit Price: $356,868 The Perth property market is quietly recovering with state government spending big on infrastructure, including rail projects and shopping centres…

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