“Detached home commencements fell by 10.1 per cent in the final quarter of 2021 but the number of homes under construction continues to grow,” stated HIA Economist, Tom Devitt.
Two years on from COVID – how has the Perth sales market changed? - REIWA
REIWA President Damian Collins said the pandemic had impacted many facets of our society, including the Perth property market, which had experienced a remarkable turnaround over the last two years.
Construction costs rising at the fastest annual pace since introduction of the GST
CoreLogic’s Cordell Construction Cost Index (CCCI) for Q1 2022 showed national residential construction costs increased 9% over the 12 months to March 2022, the highest annual growth rate on record outside of the introduction of the GST.
The combined capital cities' preliminary clearance rate falls back below 70% amid the busiest auction week of the year
With 3,983 homes taken to auction, the combined capitals recorded the busiest week of the year to date and the sixth busiest auction week since CoreLogic records commenced in 2008 this week. By Caitlin Fono, Research Analyst, CoreLogic.
Housing affordability needs to be front and centre this election - HIA
With the official launch of the federal election campaign HIA will be working hard to ensure that all sides of politics have a clear plan on how to help all Australians have safe and secure housing.
Melbourne and Sydney suburbs lead housing value declines - CoreLogic
Top end and inner-city suburbs of Melbourne and Sydney are seeing a slip in values as higher fixed mortgage rates, affordability and increased buyer choice impacts values at a granular level.
John McGrath – Returning migrants and international students will ramp up inner city market demand
According to John McGrath Chief Executive Officer of McGrath Estate Agents, returning migrants and international students are already boosting the rental market.