By clicking send message I agree to the terms and conditions, privacy policy and to receive correspondence from The Realestate Conversation and Williams Media.
BLOG
The number of construction loans and loans to households purchasing new homes is slightly below peak levels recorded in late 2015 and early 2016 and is consistent with high levels of new home building, says HIA Economist, Geordan Murray.
“Residential land prices in Australia climbed to yet another all-time high during the June 2016 quarter,” says HIA Senior Economist, Shane Garrett.
Buyers are snapping up Perth properties as affordability improves, says Vivien Yap of LJ Hooker Claremont.
Read More
“HIA New Homes Sales fell by a rather hefty 9.7 per cent in July 2016, but then increased by 6.1 per cent in August,” said HIA Chief Economist.
...
Australia’s population broke through 24 million during first quarter of 2016.
The RBA has left the cash rate at historic lows, as expected.
Building approvals rose more than expected in July, reigniting fears apartments are heading into oversupply.
Low interest rates trumped election uncertainty in June, when ABS data shows lending for new homes rose strongly.
New apartment sales rose 4.9% in May, despite overall new property sales falling, says the HIA.
Keep the conversation going with Recon Daily
Keep the conversation going with LUXURY LIST WEEKEND our free newsletter covering Australian luxury real estate.
Join the Australian Commercial real estate conversation with COMMO our free newsletter