General News

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Australia Economy to Grow

07 July 2020 In: Economy, General

The Australia economy is forecast to grow by 5.3 per cent in 2021-22 and then 4 per cent the following year. After big falls in 2020 private consumption, housing construction and private investment are also expected to lift. Government spending will hold up the economy in the meantime, with it to grow 6.5 per cent this year after a surge of 6 per cent in 2019-20. That’s according to a new report from Deloitte Access…

First Home Buyers Power Housing Market

07 July 2020 In: Property, Family, General

Australia Property Market has been boosted by government support aimed at first home buyers. Along with necessary sellers and buyers there has been an increase in first home buyers actively looking for properties. During the lockdown property market trends have been boosted by first home buyers that have needed to act on terms of their mortgage and loan conditions. “First home buyers have a time limit on their home loan approval, normally between 3 and…

Australia Jobs Bounce Back

06 July 2020 In: Jobs, Western Australia, Economy, General

Australia Jobs market has seen a bounce-back in the past four weeks. That’s according to the Australian Bureau of Statistics that reports total payroll jobs increased 1.0 per cent between mid-May and mid-June. Head of Labour Statistics at the ABS, Bjorn Jarvis, said: “This continued the gradual recovery in payroll jobs since mid-April. “The recovery in payroll jobs between mid-April and mid-June represents around 30 per cent of the jobs initially lost,” Mr Jarvis said….

Middle Market Prices Rise

06 July 2020 In: Property, Sydney, General

The top end of the property market – the most expensive properties – has traditionally led the growth in Australia property values. However in April the top end had the lowest monthly rise (+0.3%) in Sydney. In comparison the middle part of the market had a +0.6% increase in property values. House prices in Sydney grew by 0.3% (average price $1,026,418). Units increased in value by 0.6% (average price $777,940). Overall, both clearance rates and…

Remote Working Boosts Regional Property

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

Australia Property market has seen a rise in buyers seeking to move from inner cities to regional locations. Regional Property searches via the internet have surged by almost 120% in June especially in New South Wales. And house prices in regional NSW have increased as more people seek to live and work remotely. Average price of a house in regional NSW is $480,437, a monthly rise of +0.3% Average price of a unit in regional…

Australia Property ‘still selling’

05 July 2020 In: Property, Family, General

Australia Property market remains an attractive proposition whether you’re buying, selling or investing. “People still want and need to move house despite lockdown”, says Darrell Todd of thinkingAustralia Real estate agents in major cities report that buyers and sellers are still actively transacting – and have been throughout the COVID-19 emergency. “Buyers and sellers continue to engage and are moving forward with their plans. The property market has not ground to a complete halt –…

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…

Retail Sales Rise 16.9%

03 July 2020 In: Economy, General

Australia retail turnover rose 16.9 per cent in May 2020 according to the Australian Bureau of Statistics Retail Trade figures. “The gradual easing of social distancing regulations, and the re-opening of physical stores, bolstered retail trade in May,” said Ben James, Director of Quarterly Economy Wide Surveys. “Retailers across a range of industries reported high numbers of consumers returning to stores across Australia, with some retailers noting levels similar to those seen in December.” There…

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…

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