This is the steepest house price rise in Perth’s history,with the city’s traditionally more affordable south-eastern suburbs recording staggering gains.
Rising interest rates have done little to slow Brisbane’s property price growth,with new data showing Queensland’s capital has fully recovered from the 2022 downturn.
Researchers say soaring house prices and the challenges of finding affordable rentals mean more young people are staying at home for longer.
The head of one of Australia’s largest real estate websites says Labor’s proposed housing package is a positive move that will address what he says is the country’s most significant social and generational issues.
House prices in some Perth suburbs could almost double over the next five years,new analysis by Domain reveals.
South-east Queensland’s plunging property prices have slowed,with sales data showing a fall of just a 10th of a per cent in the first quarter.
The new proposed price hikes will be the highest for REA Group since the COVID-19 pandemic.
If you thought it was tough finding your dream home in Brisbane and beyond,you’d be right,with new data showing major falls in the number of properties up for sale.
Domain boss Jason Pellegrino described property market conditions as worse than the downturn from the COVID-19 pandemic or the crackdown on lending that came from the royal commission into misconduct in banking.
Nine said newly identified cost savings initiatives outlined by its real-estate listings company Domain were not enough to prevent a drop in earnings.
Domain and REA Group have both warned that surging inflation and rising interest rates have led to a slowdown in the residential property market.