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Property prices are continuing to rise despite 12 interest rate rises as new data shows some areas have seen prices double in the past two years.
NEWS
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Residential property investing has largely flatlined among those dubbed the ‘next generation’ cohort.
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Australia’s army of negatively geared property investors are facing further losses.
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Sydney real estate agent and auctioneer, Tom Panos, has warned that the RBA’s latest rate hike could be the “tipping point”.
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While the RBA frets about house prices rising again, China’s central bank is worried its property sector can’t get off the canvass.
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The Hobart City Council has voted to double rates for owners of short-stay accommodation in a bid to open up the housing market.
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The share of newly listed investor-owned residential listings has blown out to 36.3 per cent across Sydney during May, the highest level in two years.
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Property owners are leaving the short-term accommodation market like Airbnb in favour of long-term renting.
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The Greens and the Coalition have teamed up again to present a vote being taken on the government’s $10 billion Housing Australia Future Fund.
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Melbourne’s property market has been stronger this year than many expected, and buyers face the toughest competition since the previous boom.
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More than 980 house and unit markets in Australia have a median home value of more than $1 million.
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Australia’s property market is shaping up to be quite soft throughout 2023, but some suburbs are bucking the trend.
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