Housing Accord will be impossible to meet - Ray White
According to Nerida Conisbee, Ray White Group Chief Economist, the role of building enough homes to increase affordability was surprisingly contentious until recently.
John McGrath – Investors increasingly looking to the regions
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, city slickers who’d never seriously considered making the move to a regional area before suddenly had their eyes opened to the idea en masse.
REIQ Housing Report Card highlights sad state of affairs
The Real Estate Institute of Queensland (REIQ) says concerning building approval data released this week is just the tip of the iceberg of challenges facing Queensland housing one year on from the Housing Summit.
REIA cautions RBA against taking a flutter on rate rises
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves, has welcomed the return of investors and first home buyers with the release of today’s ABS Lending Statistics and has cautioned the RBA to consider the evidence moving into the Cup Day RBA Monthly Board Meeting.
Lending for new homes remains at 20 year lows - HIA
“Despite a rise in the number of loans for the construction and purchase of new homes in September, they remain around their lowest levels for the past two decades,” stated Tom Devitt, HIA Senior Economist.
Sydney set to host busiest auction week in 18 months - CoreLogic
After recording the busiest auction week of the year-to-date last week, capital city auction activity is set to ease, with 2,105 homes currently scheduled for auction.
Sydney tops list of Australian cities for luxury residential property price growth - Knight Frank
Knight Frank’s Prime Global Cities Index (PGCI) Q3 2023, which tracks the movement of prime residential prices across 46 cities worldwide, found Sydney recorded growth of 4.2% over year to the end of September.
House approvals fall under the weight of rate hikes - HIA
“The volume of new house approvals remains around its lowest level in a decade as the full impact of RBA rate hikes continues to hurt households,” stated Tom Devitt, HIA Senior Economist.