RESIDENTIAL PROPERTY
AUSTRALIA experienced a reacceleration of rental growth in the March quarter as the imbalance between demand and supply put more heat into the national housing crisis...
Domain’s latest Rent Report shows rents reached record highs in the early part of 2024, as house rents across the combined capitals surged by 5% – the steepest quarterly gain in...
Every capital city except Darwin and Hobart saw a quarterly rise in house rents. Both were unchanged, at $650 and $550 per week respectively...
Sydney house rents lifted 2.7% to $750 per week, Melbourne by 3.6% to $570 and Brisbane by 3.3% to $620. Adelaide led quarterly growth with 5.4%, to $590, followed by...
In tandem, unit rents are also at an all-time high across the combined capitals and all capital cities apart from Hobart, with the combined capitals seeing an...
Quarterly gains in unit rents surpassed houses across all capital cities apart from Adelaide (up 2.2% to $460). Melbourne and Perth led unit rental growth, both up...
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 drive vacancies...
“The first quarter of the year usually marks the rental change-over period, and we anticipated it would be one of the most challenging seasons yet due to the already low rental stocks,”...
“While Australia’s perilous rental market appears entrenched in a never-ending run of rent rises, we remain optimistic that a tipping point will be reached in 2024...
Homeownership being at the forefront with incentives in place, such as Queensland doubling its first-home buyer grant and the federal government’s “Help to Buy” shared...
However, the targets are considered farfetched by analysts amid a severe labour shortage, current low approval rates and planning red tape...
The Greens last month proposed the creation of a public property developer that would build 360,000 homes over the next five years – and 610,000 homes over...
Property Council of Australia CEO Mike Zorbas used his recent address to the National Press Club to slam “broken state planning systems”, government taxes, and ...
“I can tell you that there are housing ministers, planning ministers around this country who are sitting on development approvals right now that they could release...