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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The border reopening will further tighten the rental supply in these renter-centric markets.
Australia’s property market will continue to be a “safe haven” for investors, experts claim.
The surge in new properties up for sale is driving the increase in overall property listings across capital cities and regional markets.
Estimates show there are 200,000 properties in Queensland that are vacant or in a short-term leasing arrangement.
The 2011 flooding in the city could provide an insight as to how the market could fare over the next few months.
Vacancy rates fell to their lowest point on record while sale listings continue to fall on an annual basis.
For the first time in more than one year, the median price in Sydney clocked a monthly decline.
More than 3,300 homes went under the hammer over the last weekend in February.
The possibility of a rate hike could potentially dampen residential construction activity.
Melbourne’s inner region is set to benefit from the expected flow of overseas migrants.
More than 60 suburbs achieved new records for the highest sale prices.
The market conditions have changed drastically in these suburbs, which are now in favour of tenants.
There’s a lot of chatter about what 2022 will mean for property prices after a bumper, and dare we say, ‘unprecedented’ 2021.
These suburbs are for investors with budgets of around $800,000 to $1.2m.
This new tax, which will commence in July 2024, would only burden Victorian homebuyers, expert says.
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