RESIDENTIAL PROPERTY
REAL estate saw its first quarterly outflow in the opening three months of 2023 since last year’s June quarter, as...
According to REA Group’s latest PropTrack Listings Report for March 2023, new listings on realestate.com.au rose throughout...
“With the peak of the autumn selling season now behind us, we expect market activity will ease over the next few months...
“While selling conditions are softer than a year ago, and market activity has slowed, conditions have improved from late 2022 and...
Adelaide and Perth saw the most significant upticks in new listings at 14.6% and 13.3% respectively...
Sydney followed with a 10.3% rise, Brisbane up 9.8%, Melbourne 8.8%, Darwin 7.1%, Hobart 5.8% and Canberra 5.2%....
Regional areas also saw an increase in new listings, up a combined 10.9%, though this was also down by 10.5% year-on-year....
“We’ve seen home prices increase slightly in recent months – a change from the consistent price falls seen throughout much of...
“The unemployment rate has remained close to multi-decade lows for the majority of 2022 and into early 2023. Wages growth...
At the same time in the rental market, vacancies are now at 32,814 properties, according to SQM Research...
While both Sydney and Melbourne’s rate remained steady over March—at 1.3% and 1.1% respectively—Brisbane was up to...
With Canberra and Adelaide also holding stable at 1.8% and 0.5%, while Darwin was the only capital to see a decline, falling from..
In CBDs, rental vacancy rates were up in the Sydney CBD, Melbourne CBD and Brisbane CBD to 3.1%, 2.3% and 1.3%...
Regional vacancies saw a more significant rise, as much of the migration to lifestyle locations seen over the peaks of the pandemic reverse.
With North Coast NSW rental vacancy rates up to 1.6% from 1.4% in February, the Blue Mountains up to 2.0%, for...
“The rental crisis in Australia’s regions has peaked with an easing in rental vacancy rates and rents across many...
“However, the same cannot be said for our two largest capital cities where the rental crisis rolls on, driven by...
Reflecting this, almost all capital city markets saw an increase in asking rents over the month, with only Hobart’s combined and...