Building approvals rise in October 2023, but industry remains concerned over the broader picture

This comes off the back of pauses to the interest rates.

Melbourne property market predictions 2024 – House price & rental forecast

Experts spoke to The Property Tribune, laying out their thoughts for what’s in store for Melbourne’s housing and rental market in 2024.

Australia’s property investment activity soars as investors scuttle to capitalise on overseas migration boom

Investors flock to property, lured by strong returns, rebounding property values, low vacancies, and population growth.

FOMO driven buyer frenzy sends Perth property market prices skyrocketing

Fear of missing out fuels a buying frenzy in Perth, prompting quick, competitive offers and record-speed property sales.

Australia’s Wage Price Index surges by 1.3%, the highest quarterly growth in 26 years

Accommodation and food services sector sees remarkable quarterly and annual growth rates, notably driven by hospitality’s two award hikes.

Industry wants voluntary opt-in to new medium density code to increase housing choice

Housing choice essential as the landscape of housing needs changes.

Australian real estate market impacted by historic migration numbers

According to CoreLogic’s report, changes in overseas migration most immediately effects the rental market and not purchases. 

Australia’s property market has seen a huge drop in investor activity

According to the latest ABS lending indicators, the number of new investor loan commitments have fallen more than 27 per cent since interest rates began rising in May last year. 

New South Wales will struggle to meet National Housing Accord targets

The ABS’ latest data shows a fall in dwelling commencements, indicating low odds for the delivery of the National Housing Accord.

Australia’s annual rate of inflation drops to 5.4%

New data from the Australian Bureau of Statistics has revealed that Australia’s Consumer Price Index (CPI) has risen 1.2% in September 2023.

Top Articles

Expert tips on how to be a successful property investor

Property expert and buyer's agent, Lloyd Edge, shares his insights.

Australian commercial property update: Industrial and tourism assets lead the pack in trying times

Commercial assets have faced volatility recently, driven by financing changes and demand fluctuations from institutions and funds.

WA has emerged as a property investment hub, and why that's a good thing

Eastern investors chase Perth's affordability, doubling the distance between home and investment in 2023, reveals MCG research.