RESIDENTIAL PROPERTY
AUSTRALIA’S housing crisis is still dishing up a “really tough” rental market, and while rent growth may be slowing, the prolonged high interest rate environment will still be...
The latest PropTrack Rental Report June showed national rents remained unchanged over the June quarter, at $600 per week, but renters have been slugged with a 9.1% increase...
The number of new rental listings on major portal realestate.com.au was 4.7% lower than a year earlier, and at its lowest level for the month of June since 2010. Total rental listings...
Cameron Kusher, PropTrack’s director economic research, told Australian Property Journal that the numbers show “a really tough rental market”....
Rents are still up a lot over the past year, and the supply of stock available for rent is still extremely low. So if anyone looking to rent a property, there’s not a lot of choice, and it’s expensive to rent...
Over the year to June, capital city rent growth was 10.3%, outpacing that of regional markets at 8%, with weekly rents costing $640 across the combined capitals and...
Kusher said that there was a similar slowdown in rental growth in the June quarter last year before it picked up again in the second half. This year could see the same pattern...
Obviously, the cost of living is up. Interest rates are up. And wages, whilst they have picked up, rental growth has far outstripped wage growth. The capacity is going to become more...
The biggest handbrake on supply at the moment is where interest rates are. That’s just making a lot of new housing construction not very viable...
It’s probably not going to change until interest rates start coming down. Of course, a few months ago, that was looking like around September or October. Now, it’s looking more like...
The impact of national cabinet’s National Housing Accord, which began this month aiming to boost supply and deliver 1.2 million “well-located” homes across the country is still...
Adelaide, regional SA, Brisbane and Darwin the tightest markets
Adelaide, regional South Australia, Brisbane and Darwin posted the tightest vacancy rate in the country, at just 1.2% in the June quarter...
Perth, Hobart, regional Tasmania, regional Queensland, and regional Northern Territory all recorded 1.3%...