Housing and rental affordability continue to fall - REIA
Housing and rental affordability have declined across Australia as limited stock levels, inflation and interest rates rises continue to create trepidation in the market, the latest Real Estate Institute of Australia (REIA) Housing Affordability Report has found.
Downsizer.com welcomes lower age for superannuation downsizing incentives
Downsizer, an Australian proptech venture developing innovative solutions for the property downsizing market, has welcomed the proposed changes to the superannuation rules for the downsizer contribution
John McGrath – Renovated homes in demand as new builds and renovations delayed
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, with a shortage of raw materials and tradie labour along with rising costs, renovating or building a new home has become challenging.
Active bidders reduce but clearance rates hold up during May - Apollo Auctions
The average number of active bidders at auction reduced by about five per cent during May, partly due to the Federal Election but also the interest rate increase at the start of the month, according to the new Apollo Auctions May Auction Report...
Still wind in the sails of Queensland property market - REIQ
Queensland’s resilient property market appears to be defying the downturn being seen in southern states, with median house prices still climbing 3.23 per cent and median unit prices rising 2.17 per cent in the first quarter of 2022, as released by the Real Estate Institute