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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.

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…

Australia Property Investment

22 May 2020 In: Property, Finance, General

Australia Property Investment: Apartment living is the new norm in Australia with almost half of all new dwelling properties being apartments (units). The traditional Aussie home of bungalow with a back yard, BBQ and pool is fast becoming a rarity – especially in Australian cities. Apartment/units now account for 47% of all new property construction. People increasingly want to live close to city workplaces and amenities like cafes, shopping centres and transport links and apartment/units provide…

Australia property market

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

Australia property market: buyers and sellers are still active in the market despite current social distancing and auction regulations. There may be economic uncertainty but those who are ready to purchase and those who need to sell are not letting Covid-19 change their plans. Australia property market has been impacted by Government regulations introduced as a result of Coronavirus. In-person real estate auctions and public open homes have been banned, and this has had affected…

COVID-19 Update

14 May 2020 In: Property, Health, Economy, General

COVID-19 Update: NSW will be a “buyer’s market” in coming months as house prices are set to plummet. That’s according to NSW Premier Gladys Berejiklian who believes it will take at least a year for property prices to recover. Government figures show that almost 600,000 Australians lost their job last month, the single largest rise in jobless in the nation’s history. Prime Minister Scott Morrison said the pandemic’s economic hit will be tougher than the global…

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