Australia’s Luxury Property Market Shines Amidst Global Slowdown
Australia’s luxury real estate market has outshone its global counterparts, demonstrating resilience in the face of rising interest rates that have dampened property markets worldwide. According to Sue Williams in her latest piece, “Australia’s luxury property market outperformed its international peers. Here’s how,” published in Frank Knight’s Prime Global Cities Index, luxury property prices in […]
Australia’s Property Market: A Tale of Contrasting Cities in 2024
Australia’s housing market in 2024 presents a complex picture of regional disparities, according to recent insights from SQM Research. With the year halfway through, the real estate sector has shown surprising turns in several cities, challenging earlier projections and highlighting the significant impact of both domestic and international influences. Mav Rodriguez, in his article on […]
Gold Coast Set to Surpass Sydney as Australia’s Premier Luxury Property Market
The Gold Coast is emerging as the new darling of Australia’s luxury real estate sector, potentially eclipsing Sydney as the preferred hotspot for affluent buyers. With its stunning coastlines and upscale lifestyle, the region recorded an impressive growth in median house prices, soaring to $1.17 million and trailing only behind Sydney’s $1.7 million, according to […]
Surging Interest in Apartments Amid Home Affordability Crunch
In a recent twist to the Australian real estate market, apartments have begun to outshine houses in terms of price growth in almost all capital cities, a phenomenon detailed by John McGrath in his article ‘Unusual’ issue hitting home prices hard. Over the last quarter, this shift has been notable in every capital city except […]
Australian Rental Market Shows Signs of Stabilizing After Years of Soaring Prices
After years of escalating rental prices, the Australian rental market is showing signs of stabilizing, offering a glimmer of hope to renters nationwide. This comes as recent figures from CoreLogic indicate a mere 0.1 percent increase in national rent growth over the past 12 months, marking the smallest rise since the pandemic began in 2020. […]
Historic $900M Westpoint Shopping Centre Deal Breaks National Record
In a historic move, Westpoint Shopping Centre in Blacktown has set a new benchmark as Australia’s largest retail transaction. Local syndicator Haben, in partnership with US investment manager Hines, finalized the $900 million purchase of the centre, surpassing the previous record of $810 million set by the Indooroopilly Centre in 2017. The deal signifies both […]
The Buyer’s Markets Where No One Wants to Buy: Analyzing Sydney and Melbourne’s Underperforming Unit Markets
Australia’s housing market has been a focal point for years, and recent analysis from CoreLogic, led by property expert Eliza Owen, sheds light on a paradox gripping Sydney and Melbourne’s unit markets. These once-booming urban sectors are now struggling with declining values and an alarming lack of interest from buyers, even as affordability improves. So, […]
Australia’s Housing Market: A Tale of Diverging Trends
Australia’s housing market is experiencing a unique dichotomy, with property prices surging in certain cities while stagnating or declining in others. According to Jemimah Clegg’s article A Tale of Two Markets: Why Home Prices in Half of Australia’s Capitals Keep Surging While Others Slump, this trend highlights the complex dynamics shaping the nation’s real estate […]
Property Market Slows as Australians Save Tax Cuts: What This Means for Home Security
The Australian property market is showing clear signs of slowing down after a long period of growth, with the Reserve Bank’s aggressive interest rate policies and the impact of stage 3 tax cuts taking effect. This trend is significant not only for potential buyers and sellers but also for homeowners looking to secure their investments. […]