Home prices have dropped in some major Sydney regions over the past quarter as experts warn of two big changes sweeping the housing market. Aidan Devine 2 min read October 1, 2024 – 5:00AM Home prices have begun to fall in parts of Sydney following a dramatic rise in listings and a drop in demand…
Latest Property News
Research News • 26 Sep 2024 The number of Australian suburbs with a median house or unit value in the million-dollar club reached a new record high in August, according to the latest CoreLogic Million-Dollar Markets report. The report shows that 29.3% of the 4,772 suburbs analysed recorded a current median value at or above $1…
The Reserve Bank of Australia (RBA) kept the cash rate on hold at 4.35 per cent at today’s meeting. The latest inflation data is set to be released on 25 September, and today’s decision seems to confirm that inflation in Australia continues to slow. Read today’s official statement on the RBA’s website. The board’s next…
Research News • 18 Sep 2024 Australian property delivered a median nominal gain of $285,000 from resales in the June quarter – setting a record high for the series going back to the early ’90s. CoreLogic’s latest Pain & Gain report (Q2 2024) analysed approximately 91,000 resales over the period, revealing 94.5% of transactions recorded a nominal gain,…
by Annie Kane•14:35 PM, 10 Sep 2024•8 minute read The Greens are urging the Treasurer to use his powers to bring down interest rates, in exchange for them backing the RBA board reform. The Australian Greens have suggested they would help the government pass its bill to reform the central bank of Australia if the…
Research News, Home Value Index • 05 Sep 2024 CoreLogic’s Home Value Index (HVI) showed that the property market remained weak in August, with values down by another 0.5%. That was the sixth consecutive fall since February’s ‘mini peak’. Moreover, following revisions to previous months’ data as the index captures more information (July now down -1.0%), this now…
Property Pulse, Research News • 15 Aug 2024 With spring around the corner, buyers, sellers and property professionals are gearing up for a lift in sales and listings activity – but for some sellers in Melbourne, Hobart and Sydney, spring does not necessarily mean that demand will lift. Spring can be a popular time for both…
Market wrap for Strathfield – Burwood – Ashfield July 2024 quarter Dr Nicola Powell Chief of Research and Economics We’ve seen a steady stream of new home listings throughout autumn and winter, consistently topping the five-year average across Sydney. Demand has held up, thanks to rising investment and first-home buyer activity, but the higher supply…
Soho August 2, 2024 Strathfield, one of Sydney’s premier suburbs, is the suburb to watch. Home prices are soaring, making it a hot spot for real estate investors and home buyers alike. Elie Semrani, a local real estate agent with deep roots in the area, has witnessed the transformation firsthand. “I lived and grew up in Strathfield…