Vacancy Rates Fall Nationally
The national vacancy rate has fallen to 2.2% in June, down from 2.3% a year ago, according to SQM Research. This was shored up by a 0.3% fall in the [...]
Housing Sentiment Rises: Survey
Home buyers became more optimistic about the property market in June, after Covid-19 restrictions began to ease, according to the ME Quarterly Property Sentiment Report. Sentiment rose by 6 percentage [...]
JobKeeper Ext. will Benefit Property
The Property Investment Professionals of Australia (PIPA) and Master Builders Australia, both key players in the property and construction landscapes, have praised the Federal Government for extending the JobKeeper packages. [...]
Homes Selling Faster Than In 2019
Properties in Australia’s biggest cities are selling faster than this time last year, despite the economic downturn from the pandemic, according to the latest data from Domain. In the first [...]
Homebuilder Inspires Land Sales
New home sales rose 78% in June from a record low in May, says HIA chief economist Tim Reardon. The increase is attributed to the Government’s HomeBuilder program and all [...]
Banks Cut Rates For New Customers
Banks are dropping their interest rates in fierce competition to win new customers. RateCity.com.au data shows that despite the Reserve Bank cash rate remaining at 0.25%, 19 lenders cut at [...]
Homebuyers Return to Repayments
Many home-owners who accessed mortgage holiday programs when Covid-19 struck have returned to making full repayments on their home loans. But, for those still struggling, the major banks have announced [...]
Home Builder Heating Up
Inquiries for land from prospective homeowners have tripled since April following the announcement of the Federal Government’s HomeBuilder scheme, according to data from realestate.com.au. Developers were flooded with enquiries in [...]
Outlook Brighter than Expected: Deloitte
Australia’s economy is in a stronger position than predicted despite the Covid-19 pandemic, says a report by Deloitte Access Economics. The report’s lead author Chris Richardson says the outcomes are [...]
Millennials Lead Home-buying Surge
The number of first-home buyers acquiring a property reached a decade high level earlier this year, says CommSec. And their numbers have continued to grow through the pandemic period. Young [...]
