Search Results for: proptrack
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INDUSTRY NEWS
Anne Flaherty: PropTrack economist’s predictions for 2023
While 2023 is likely to be a tough year for renters, signs are starting to emerge that the worst may be over for homeowners, according to PropTrack Economist Anne Flaherty.
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INDUSTRY NEWS
Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and 10 per cent in 2023, with faster-than-anticipated interest rate rises to blame.
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INDUSTRY NEWS
Rental listings the lowest they’ve been since 2003, PropTrack finds
The number of rental listings advertised in Australia's capital cities has reached its lowest point in nearly 20 years, according to PropTrack.
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INDUSTRY NEWS
PropTrack, CoreLogic report slowdown in rental price growth
Rental prices finished 2022 at a significantly higher level than they were the year prior, but price growth began to moderate during the December quarter, according to a new report from PropTrack.
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INDUSTRY NEWS
Uptick in property listings during November, PropTrack says
New property listings rose during November, according to a new report, with regional areas witnessing the largest increase.
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NEWS
PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
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NEWS
WA and QLD are the nation’s affordability havens
Western Australia and Queensland have emerged as Australia’s affordability havens, with more than half of all the more economical regions across the country located in the two states.
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INDUSTRY NEWS
New listings tumbled 13.6 per cent in March
Vendors took their foot off the pedal last month, with new listings 8.8 per cent lower than the same time last year.
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INDUSTRY NEWS
Vacancy rates rise, but no relief for renters
The national vacancy rate has seen a modest increase in March, but renters are still under extreme pressure according to new data.
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NEWS
Regional Queensland leads the property price surge
Regional Queensland has recorded the highest growth in the country in the past four years, with prices rising 66.5 per cent.
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NEWS
Is this NSW’s cheapest home?
It’s not often you hear the phrase “cheap as chips” in real estate, but that’s exactly how the listing description describes a house in outback NSW.
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NEWS
Property prices hit a new record in March
National property prices have hit a new record, rising .34 per cent in March to sit at a median $768,000.
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INDUSTRY NEWS
Buyers and renters are increasingly worried about energy costs
The cost of living crisis is forcing both home buyers and renters to pay more attention to energy-efficient homes according to a new survey.
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NEWS
Interest rates on hold as RBA says economic outlook remains ‘uncertain’
The Reserve Bank of Australia has opted to keep interest rates on hold at 4.35 per cent at its March meeting, highlighting that the economic outlook remains uncertain, despite a recent drop in inflation.
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NEWS
Busy start to 2024 with new listings surging in February
Capital city activity surged with the busiest February for new listings on realestate.com.au in over a decade, according to the PropTrack Listings Report February 2024, released today.
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INDUSTRY NEWS
Vacancy rates drop again to a record low 1.07 per cent
The rental crisis is showing no signs of easing just yet, with new data finding that the national vacancy rate has fallen to a record low of 1.07 per cent.
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NEWS
Median household incomes can only afford 39 per cent of rental properties
Rental affordability is at its worst level in almost two decades, with households earning a median income of about $111,000 able to afford to rent the smallest share of properties since 2008.
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INDUSTRY NEWS
Home price growth reaccelerated in February
Home prices across the country have hit a fresh new high, with growth reaccelerating despite affordability worries.
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Celebrity Homes
Tom Cruise’s Mission Impossible 2 mansion sells in Sydney
The iconic Spanish Mission mansion Boomerang, which famously featured in the Tom Cruise-led blockbuster Mission Impossible 2, has reportedly sold for $80 million.
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INDUSTRY NEWS
New listings surge in Sydney and Melbourne
A surge of sellers have listed their homes, with Sydney and Melbourne reporting the biggest jump in new listings in more than a decade.
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INDUSTRY NEWS
Stamp duty now costs up to six times more than a generation ago
Homebuyers are now paying up to six times more in stamp duty than a generation ago as incomes have not kept pace with surging home prices according to new research.
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NEWS
Vacancy rates fall again in the new year
Rental availability declined further in January, with the national vacancy rate falling to 1.09 per cent.
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NEWS
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kicked off 2024 with an interest rate hold, electing to keep the cash rate at 4.35 per cent at its first meeting of the year.
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NEWS
Rental stock levels fall to record low levels
Rental stock has plummeted to historic low levels, with population growth continuing to drive demand.
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INDUSTRY NEWS
Vacancy rates ease in December
After a tough year for renters, there are some early signs that relief might be on the way with vacancy rates rising in December.
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INDUSTRY NEWS
Vacancy rates ease but market remains exceptionally tight
You wouldn’t call it a Christmas gift, but vacancy rates eased slightly in November, with the national vacancy rate up .04 percentage points in November.
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INDUSTRY NEWS
Australia’s top-growth suburbs saw values rise 30 per cent
The top-performing suburbs across the country, saw their values surge more than 20 per cent this year according to new data.
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INDUSTRY NEWS
Property prices could rise 4 per cent next year
The rebound in the property market is expected to continue in 2024, with values to rise by up to 4 per cent according to a new report.
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CONTRIBUTORS
2023 Real estate review: market shifts and insurance impacts
I’m reminded of an ancient Chinese curse that reads: “may you live in interesting times”.
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INDUSTRY NEWS
Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates on hold at 4.35 per cent at today’s board meeting.
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INDUSTRY NEWS
Property prices hit record high despite growth slowing
Australian property prices have hit a new record high, climbing 0.22 per cent in November, according to PropTrack.
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INDUSTRY NEWS
Two-thirds of buyers and renters want energy-efficient homes
Increasing energy costs are leading homebuyers and renters to turn towards energy-efficient homes according to a new report.
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INDUSTRY NEWS
Buying beats renting in over a third of Australian homes
Rent growth over the past 12 months means it’s still cheaper to buy than rent more than one-third of Australian homes.
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INDUSTRY NEWS
Listing levels back on track nationally
New listings surged in October, rising 17 per cent month-on-month nationally, according to the latest PropTrack Listings Report.
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SUPPLIER NEWS
Three million Australian homes tracked on realestate.com.au
Homeowners now track a record three million Australian properties on realestate.com.au, which equates to almost 30 per cent of homes nationally.
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