RESIDENTIAL PROPERTY
DESPITE some easing in population growth, weak stock injections mean progress in easing the supply and demand imbalance in the housing market will remain limited...
According to NAB’s The Forward View Australia April 2024, house prices are continuing to rise on a monthly basis, despite capital city dwelling price growth peaking in...
“Price growth in Perth remains very strong and continues to accelerate in 6-month annualised terms. Brisbane and Adelaide also continue to see solid gains, though the...
The rental market is less diverse, with vacancy rates low across the board compared to historical trends...
Perth and Adelaide are still the tightest markets at 0.5%, Brisbane at 0.8% and Sydney and Melbourne also restrained at around 1.0%...
Rents rose by 1.0% in March alone, now sitting 8.6% higher than 12 months ago. With Perth reporting the strongest growth at 14% year-on-year and the remaining capitals seeing...
Domain’s latest Rent Report revealed rents reached record highs in the early part of 2024, as house rents across the combined capitals surged by 5%...
While apartment renters are set to be whacked with a 28% rise in rents between now and 2028, as low completion rates drag on supply and ...
Current population growth trends reveal a need for around 240,000 new dwellings per year, while actual completions are currently at around 170,000...
According to Building Activity Survey data, completions are still to declining. With Q4 seeing all states—excluding for SA and Queensland—declining and annual completion rates...
“With population growth remaining strong (though slowing) and little expectation of an improvement in new supply in the near term we see the supply/demand imbalance persisting for...