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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Rental pressure, however, appears to have started easing in some regional areas.
Clearance rates, however, are slowing down as auction listings outpace demand.
The softer conditions do not appear to be affecting market segments and price brackets equally.
The current scheme is set to expire next year and has a lower rebate than the initial version.
Three suburbs that posted the strongest quarterly gains are in Mornington Peninsula
The first three months of the year was the strongest quarter for listings since 2014 and for new home sales since 2016.
House rents reached record highs but unit rents posted a faster growth.
This came despite the overall moderation in demand across Australia due to high prices.
The guidelines will now cover three income years starting 2019-20 to 2021-22.
It appears landlords and agents were left responsible for the delivery of the emergency response in the rental markets
Overall dwelling approvals remain at “historically-elevated levels” despite growing cost pressures in the construction sector.
Midweek auctions are becoming a thing but Saturday auctions still perform the best.
As rents outpaced purchase price, rental yields increased for the first time since August 2020.
A budget equivalent to the median house price in Sydney can buy three properties in Perth.
Landlords are now on the winning end of the rental crisis as they take the opportunity to increase weekly rents
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