Housing affordability, however, will likely continue to deteriorate even with price falls, an expert predicts.
Young Australians are driving the overall migration growth in regional areas, which is at a five-year high.
Queensland’s top marginal stamp duty rate remains one of the highest in the country.
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Prices are likely to reach their peak next year, before declining by around 10% in 2023.
Demand for new homes and multi-unit apartments are likely to remain elevated, which could lead to increased construction costs.
The price surge amid lockdowns have shifted buyers preferences for affordability and value for money.
The South Australian capital managed to defy the seasonal slowdown of the housing market during the third quarter of the year.
Recent market indicators show the city’s strong performance is apparent across all price segments.
Experts are urging investors to watch the market closely and plan their next moves carefully.
Groups are lambasting the proposed windfall gains tax, which could harm regional housing markets.
There are currently no agreed evidence to correlate money laundering to a strong property market.
Renovators and home builders should brace themselves for persistently high construction costs over the next 12 to 18 months.
Broadbeach – Burleigh is one of the top-performing markets across the country, recording robust price gains over the year.
Homes in one Sydney suburb have an average hold period of 22 years.
The city recently recorded its strongest monthly dwelling price gain since November 2003.
One big bank is expecting the RBA to raise the cash rate by as early as 2022.
Apartment approvals also remained elevated, particularly in New South Wales, Queensland, and Western Australia
Apartments built over the past year were the biggest in 11 years, a CommSec study shows.
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