Search Results for: residential dwellings
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National
Largest total value rise on record for residential dwellings
The total value of residential dwellings in Australia now exceeds $8 trillion, according to the Australian Bureau of Statistics (ABS). The ABS found the total value of Australia’s 10.6 million residential dwellings rose by $449.9 billion to $8,293.2 billion in the March quarter 2021. This was the largest rise on record for the ongoing study, which looked into the value…
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INDUSTRY NEWS
Australian residential property value nears $10 trillion
The total value of Australia’s 10.8 million residential properties has increased at record pace to nearly $10 trillion ($9901.6 billion) according to new data.
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National
Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic.
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NEWS
Australian residential property values rise by 2.2 per cent in May
Housing markets continued to surge throughout Australia in May, with CoreLogic's national Home Value Index rising by 2.2 per cent over the month.
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NEWS
Australia’s residential construction costs rose less than one per cent in March quarter
Construction costs increased by less than 1 per cent in the first three months of 2021, according to CoreLogic’s first Cordell Housing Index Price (CHIP) for the year.
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NEWS
Residential land purchases rose 33% in June
Housing finance figures released by the Housing Industry Association (HIA) today show that buyers returned to the market in June, reflecting both improved confidence and the announcement of the HomeBuilder scheme. While the total number of home loans still dipped well under the figures for June, 2019, there was a 9.7 per cent rise in lending to those buying established…
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NEWS
Demand for residential land picks up
“Residential land sales have increased by 45.9 per cent from their record low in the March 2019 quarter,” said HIA Economist, Angela Lillicrap. The February 2020 edition of the HIA-CoreLogic Residential Land Report provides updated information on sales activity in 46 housing markets across Australia, including the six state capital cities. “The first half of…
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FRANCHISE NEWS
Colliers International appoints new Head of NSW Residential
Dennis Vertzayias has joined Colliers International as National Director, Head of Residential NSW Project Marketing. With over 30 years’ experience in the property industry, primarily in the new developments and project marketing sectors, Mr Vertzayias has successfully represented some of Australia’s top institutions and private developers, overseeing a pipeline of more than $7 billion in new projects primarily across Sydney…
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INDUSTRY NEWS
Metricon Homes revealed as the nation’s number one residential builder
The HIA Housing 100 report shows Metricon Homes reported a total of 4,367 starts – two more than last year – across Victoria, Queensland, New South Wales and South Australia. This included 3,876 detached houses and 491 semi-detached dwellings. The number of new houses commenced in Australia has fallen over the last year, but the bar for entry into the…
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INDUSTRY NEWS
ABS: Residential property prices rise 2.2 pc in March 2017 quarter
Residential property prices rose 2.2 per cent in the March quarter 2017 according to figures released on Tuesday by the Australian Bureau of Statistics (ABS). This was the fourth consecutive quarter of growth. Even though residential property prices increased in most capital cities, Sydney and Melbourne were the main drivers of the result. The price rises in Sydney (3 per…
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INDUSTRY NEWS
Brisbane’s new dwellings has hit a high of $655k: REIQ
Brisbane’s new median house prices have hit a new high of $655,000, said the Real Estate Institute of Queensland (REIQ). REIQ’s Queensland Market Monitor: December 2016 quarter report showed that the sunshine state’s housing market had shown moderate growth throughout last year, with a final quarter revealing a strong result for houses in the south-east corner with weaker demand for…
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NEWS
Residential builders off to a strong start, says Masters Builders Australia
Building activity for the year particularly for home building businesses is set for a strong start, says the latest survey commissioned by Masters Builders of Australia. The Master Builders National Survey of Building and Construction said the survey findings painted a positive outlook at the national level reflecting the record building approvals and housing loans approved in 2016 with over…
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INDUSTRY NEWS
Investors can still find affordable options
Despite near-record high property prices across the country, there are still affordable locations for investors, according to a new report.
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Elite Agent
Australian homes valued at more than $10 trillion again
The total value of Australian homes has again jumped above $10 trillion, after rising $325 billion in the June quarter.
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INDUSTRY NEWS
States desperate for social housing as rough sleeping numbers spike
The government needs to build 6000 new social houses every year for the next decade to end homelessness according to a new report.
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INDUSTRY NEWS
The Aussie real estate magnates among Forbes’ top billionaires
Eight Australia real estate and property development magnates have made Forbes’ annual World Billionaires List for 2023.
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INDUSTRY NEWS
Simon Pressley’s 2023 property market predictions
House prices will rise between two and seven per cent in the majority of capital city and regional locations in 2023, a leading property analyst has predicted.
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Property values have soared in the past 20 years while rents lag
House prices across Australia have more than doubled in the past 20 years, however, rents have not been able to keep pace with soaring values.
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INDUSTRY NEWS
Aussie homes worth a record $10 trillion
The total value of the nation’s residential property increased by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a record-high $10.2 trillion, according to the Australian Bureau of Statistics (ABS).
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NEWS
Australian homes are now valued at more than $9.2 trillion
Australian residential property prices have recorded their strongest annual growth in 18 years, and are now valued at more than $9 trillion, according to new data. The Australian Bureau of Statistics has released its Residential Property Price Indexes: Eight Capital Cities report for the September quarter and it shows the total value of the nation’s 10.7 million residential dwelling jumped…
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OPINION
Will there be a real estate lockdown legacy in Sydney and Melbourne?
Property market commentator Simon Pressley has warned of a lockdown legacy in the making due to the exodus of residents from Australia’s two largest cities.
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NEWS
Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with
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NEWS
Sydney’s vacancy rate on the rise again
Despite a slight turnaround in August, vacancies in Sydney are once again on the rise.
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NEWS
Victorian real estate weathers coronavirus storm
Victoria’s property market seems to be holding its ground well during the COVID-19 pandemic according to the latest REIV Residential Market Index (RMX) figures. The RMX is a residential property price index (RPPI) designed to provide an up-to-date and simple insight into real property price trends in Victoria. An RPPI measures the price change of the stock of residential dwellings…
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NEWS
Australian property market: Decade in review
It commenced under the shadow of the GFC and with widespread floods around the country. It ended on the dawn of Covid-19 with some of the biggest bushfires in Australian history. Propertyology’s ‘Decade in Review [2010-2019] Report’ describes it as a decade of contrasts in many ways. Over the 10-year period, median house prices had increased from $530,000 to $972,000…
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NEWS
Sydney kicks off 2020 with increase in rental vacancy
Vacancy rates increased in Sydney during the month of December, rising 0.2% to 3.4%. This is particularly evident in Sydney’s Inner Ring where rates increased from 2.4% to 3.4% suggesting tenants are experiencing a rise in availability across the metropolitan areas. In the Middle and Outer Rings rates dropped suggesting these areas are proving more…
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INDUSTRY NEWS
National property growth slows as Hobart booms
New data from the ABS for the December 2017 quarter shows a big change in the pattern of growth across Australia’s cities. Residential property prices rose 5 per cent through the year to December quarter 2017, with growth easing from the September (+8.3 per cent) and June (+10.2 per cent) quarters 2017. Sydney’s slump was buoyed by other states, including…
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NEW ZEALAND
Juwai.com encouraging NZ agents to sell to Chinese buyers before government crackdown
“There is an old saying that a change is also an opportunity. We believe this proposed policy change has activated the group of Chinese buyers. They want to act quickly on transactions that otherwise would have taken many months,” said Jane Lu, Head of Australia for Juwai.com “These buyers previously took their time in researching their transaction and want to…
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INDUSTRY NEWS
Sydney and Melbourne drive property price rise of 1.9 per cent
Price rises in Sydney (2.3 per cent) and Melbourne (3.0 per cent) were partially offset by falls in Perth (0.8 per cent) and Darwin (1.4 per cent). “Residential property prices, while continuing to rise in Melbourne and Sydney this quarter, have begun to moderate. Annual price movements ranged from -4.9 per cent in Darwin to +13.8 per cent in Sydney…
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NEWS
Values Increasing Faster than Outstanding Debt: Tim Lawless
The number of properties mortgaged is climbing, however, values are increasing faster than outstanding debt, says CoreLogic’s Tim Lawless. Last week, the Australian Bureau of Statistics (ABS) released its residential property prices indexes for the March 2017 quarter. A valuable data set from the release relates to the value of dwelling stock and the number of residential dwellings. Both of…
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INDUSTRY NEWS
New report demonstrates value to the Australian economy from foreign investment in real estate
A new ACIL Allen Consulting report, commissioned by the Property Council of Australia, has highlighted the strong and substantive benefits to the economy of foreign investment in commercial and residential real estate. The report, released at a high-level summit of domestic and international property and finance leaders at Parliament House yesterday, is in response to ongoing union and political campaigns…
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NEWS
Build-to-rent lift-off won’t solve the housing crisis
Build-to-rent continues to gather momentum in Australia, but it is unlikely to be the housing crisis saviour, according to the Real Estate Institute of Australia (REIA).
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INDUSTRY NEWS
Queensland and Victoria hold property investment gems
Investors should look towards Queensland, Victoria and Sydney’s west, where tight supply and steady demand are likely to put upward pressure on prices according to new research.
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INDUSTRY NEWS
Property values to increase but rate of growth likely to slow: HTW
Property price growth rates are set to slow down over the remainder of 2024, according to the latest Herron Todd White (HTW) Month in Review.
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NEWS
New laws aim to boost foreign investment in build-to-rent in Australia
The Property Council of Australia has welcomed the introduction of legislation to lower foreign investment application fees for build-to-rent projects as a move that will boost investment in new rental supply.
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