Our daily Melbourne property market updates are written by experienced property commentators, buyer advocates and investment experts. All have their finger on the pulse of the Melbourne property market.
Figures released by SQM Research this week have revealed the number of residential vacancies remained steady across the nation, with a vacancy rate of 2.4% posted based on 73,209 vacancies, slightly up from June when vacancies were 72,849. Louis Christopher of SQM Research reports on July national vacancy rates and asking rents. ...
Are you living in a million dollar suburb? Over the past twelve months 437 suburbs have joined the CoreLogic RP Data 'Million Dollar Club', each suburb recording a median value of $1 million or greater. To be eligible for ranking as a million-dollar-suburb, each suburb had to achieve a minimum of 10 sales over the past year. ...
In this week's property market update we look at the ASIC's case against certain companies associated with a Perth-based property developer that claimed consumers could buy an investment property from “just $59 per week”. We also cover other top property and financial news stories of the week. ...
Can home ownership be more affordable for Australians?
Philip Lowe, Deputy Governor RBA gave an address to the 54th Shann Memorial Lecture. In it he discussed the growth in land and property values and some important implications. ...
ABS housing finance figures released in August show that the total number of new home loans declined again during June. Senior Economist Shane Garrett from the (HIA) Housing Industry Association comments on the second consecutive decline in monthly lending volumes and how it affects new home building. ...
The Housing Industry Association's affordability index fell by 2.9 per cent to 79.7 in the June quarter, signalling a deterioration in affordability. In this week's property market update we talk about housing affordability in capital cities compared to regional Australia. We also reveal the owner of Australia's richest house. ...