RESIDENTIAL PROPERTY
REFINANCING activity moderated across Australia in the March quarter, but there was a robust recovery in property settlements as the market was helped by stable interest rates...
PEXA Group’s latest Property and Mortgage Insights data showed the five mainland states recorded significant property sales activity in the period. Queensland topped the list at...
Melbourne growth corridor suburbs dominated the list of top postcodes for residential sale settlements in the March quarter. Tarneit, in the west, recorded 1,192, followed by...
The total value of property transactions was $150.6 billion, up by 17.2% from the same quarter a year earlier. NSW led in total sales value at $54.5 billion...
PEXA Group’s chief economist Julie Toth, said despite high inflation and interest rate pressures in 2023, property sales volumes recovered relatively quickly and have...
“Our latest data indicates a resilient property market that is gaining momentum despite the challenges of high inflation and interest rate pressures.”...
“Stable interest rates, solid employment and falling inflation are supporting demand for housing and suggest a positive outlook for the remainder of 2024.”...
The 17.1% quarter-on-quarter decline in new loans from the previous quarter was partly a seasonal effect, compounded by a higher-than-usual number of public holidays due...
Queensland saw the highest growth in median loan values, with a 13.5% increase in Greater Brisbane and 8.9% in regional areas. Refinancing peaked in September of 2023 due to...
“The expiration of a large volume of fixed-rate loans, along with the cessation of refinancing incentives by lenders, has led to a notable slowdown in refinancing activity. From...
By value, commercial sale settlements were down over the quarter but higher annually. NSW spent $7.5 billion on commercial property in the quarter, followed by Victoria at...