Property market news

Australian household wealth suffers biggest fall in over seven years

Losses on land and dwellings due to ailing property markets have led to the biggest decrease in household wealth in over seven years, data shows.

By William Jolly ● March 28, 2019

Price-rise expectations hit two year low

Aussies expect prices to rise by only 4% per annum over the next two years – the lowest this expectation has been since November 2016.

By Dominic Beattie ● March 21, 2019

Home loan, deposit customers flock to mutual banks after royal commission

After a tumultuous 12 months of royal commission hearings, new data shows just how many customers are fleeing the big banks to smaller, customer-owned ones.

By William Jolly ● March 21, 2019

Average Aussie home price falls to $651,100

The average residential dwelling price in Australia fell $15,700 in the December 2018 quarter, largely driven by price falls in Sydney and Melbourne.

By Dominic Beattie ● March 19, 2019

Residential land prices defy falling demand, continue to rise

Despite a fall in demand, the price of land in Australia for new residential building has continued to rise, according to a new report.

By Dominic Beattie ● March 15, 2019

Property buyers expect house prices to continue falling

The latest edition of Digital Finance Analytics’ (DFA) household survey has revealed house price expectations have taken a complete nosedive across all consumer groups.

By William Jolly ● March 14, 2019

What over two-thirds of Aussie consumers say are the wisest places for savings

The mood of Australian consumers has deteriorated this month, according to the latest consumer sentiment index from the Westpac-Melbourne Institute.

By Dominic Beattie ● March 13, 2019

Australian house values continue to trend lower: CoreLogic

National dwelling values fell by 0.7% in February, according to CoreLogic, with values declining by a total of 6.8% since prices peaked in October 2017.

By William Jolly ● March 12, 2019

How RBA rate cuts may have affected Australia’s housing market

Australia’s rapid growth in house prices and construction over the past few years is largely a result of low interest rates, according to new research published by Australia’s central bank.

By Dominic Beattie ● March 11, 2019

Enough Sydney vacancies to house Wagga Wagga’s population

Greater-Sydney’s empty properties are enough to shelter the entire population of a town the size of Wagga Wagga or Tamworth, according to one property research firm.

By Dominic Beattie ● March 04, 2019

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