Over one billion dollars a week was spent on residential real estate last year. This is an increase from the $52.9b in 2013 and $43.8b in 2012, reflecting the overall growth in the property market over the last few years. Robert Larocca of CoreLogic RP Data reports on which suburbs recorded the highest spends. ...
It has been a busy start to the year with more than 7,000 auctions held in the year to date. The annual clearance rate at 77 per cent is the highest since 2010. Peter Sarmas analyses the recently released intergenerational report and demographic data by the Australian Bureau of Statistics and explains how it will affect the property market in the future.
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This week we discuss why raising the GST could hit housing hard, find out where Victoria's building hotspots are, the details from the latest urban planning strategy for Melbourne and how baby boomers are driving up apartment prices from bayside Melbourne to key eastern locations. ...
Thanks to a combination of rising dwelling prices and low interest rates, building approvals are at record highs in Australia. We are now set to construct more units and apartments than ever before. The supply response appears to be working. Pete Wargent analyses supply and property investing. ...
Louis Christopher of SQM Research reports that figures released this month have revealed the number of residential vacancies edged down across the nation in February 2015. Read the full report.
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A clearance rate of 77 per cent was recorded this weekend compared to 77 per cent last weekend and 72 per cent this weekend last year. There were 1053 property auctions reported to the REIV with 809 selling and 244 being passed in, 113 of those on a vendor bid. Melbourne’s east has seen strong demand this year with a recorded clearance rate of 80 per cent. ...