RESIDENTIAL PROPERTY
WHILE Australians will have more money in their pockets from next week with the introduction of stage three tax cuts, already-strained affordability and another delay to interest rate...
REA Group’s PropTrack, in its Property Market Outlook Report, is expecting prices nationally to rise 2% and 5% in 2025 financial year, following a 5.9% rise in the financial year to date...
Perth will continue to lead price increases again in FY24, albeit slower than the 18.9% in the FYTD, at between 8% and 11%. PropTrack is tipping. Brisbane will come back from...
PropTrack director of economic research and report author, Cameron Kusher, said forecasting home price growth for the year ahead becomes “increasingly challenging”...
We’ve also got a very weak economy at the moment. The unemployment rate is still extremely low, but we do expect the unemployment rate is going to lift from here...
An increase in the unemployment rate will temper demand for housing – obviously, stretched affordability will do that – and yes, we do get stage three tax cuts starting next week...
For all of those reasons, we are expecting price growth to slow generally, particularly in those three markets that have seen really strong price increases...
He does not expect yesterday’s inflation data, which returned a higher-than-expected headline figure of 4.0%, to impact PropTrack’s forecasts. The inflation figures prompted some...
PropTrack’s price growth forecasts for Sydney and Melbourne in the next financial year top the FYTD figures in both cities. Sydney is looking at 3% to 6% growth, from 5.8% in the...
That would likely be driven by a moderation in stock on market, also it’s probably more likely to happen over the second half of this next financial year as we see the impact of tax...
Obviously we’ve had more stable interest rates through the first half of this year – and until a couple of months ago people were expecting a rate cut in the second half of this year...
Mainly it comes back to the fact that in most parts of the country, the supply of stock for sale has continued to be really low. If we look through late last year, we started to see a...
And also, just the fact that over recent years prices have risen so much, people have got so much equity in their property that that’s allowed them to upgrade as well...