Vendor Discounting Increases as Property Market Shows Signs of Cooling
Reading Time: 3 minutesAs the Australian property market shows signs of cooling, there’s been a noticeable rise in vendor discounting, indicating that sellers are finding it harder to secure buyers without negotiating on price. According to CoreLogic’s latest data, vendors across the country had to offer a median discount of 3.7% during the July quarter to achieve a […]
Australian Property Market Yields Record Profits in 2023-24
Reading Time: 3 minutesThe Australian property market has delivered its best profit results in over a decade, with an overwhelming majority of vendors enjoying substantial returns on their property sales during the 2023-24 financial year. According to research from Domain, 96.0% of house vendors and 90.7% of unit vendors across the nation achieved a gross profit, marking the […]
How Long Are Properties Taking to Sell? A Snapshot of Australia’s Property Market
Reading Time: 5 minutesThe time it takes to sell a property is a key indicator of the health of the real estate market. According to the latest data from CoreLogic, properties listed for sale across Australia during the July quarter took a median of 33 days to sell. This figure varies significantly depending on the location, with properties […]
Wages Growth Slows for Third Consecutive Quarter: Implications for RBA Decisions
Reading Time: 4 minutesAustralia’s wage growth has continued to decelerate, with the latest data from the Australian Bureau of Statistics revealing a 0.8% increase in the June quarter. This marks the third consecutive quarter of declining wage growth, following increases of 1.3% in the September 2023 quarter, 1.0% in the December quarter, and 0.9% in the March quarter. […]
Property Investor Survey: Queensland Leads as Top Investment Destination
Reading Time: 4 minutesProperty investors across Australia are eyeing Queensland as the state with the most promising investment prospects, according to the latest quarterly survey conducted by Australian Property Investor magazine. The survey reveals that 33% of respondents believe Queensland offers the best opportunities for property investment, positioning it ahead of New South Wales and Western Australia. New […]
New Listings Rise 1.0% in June: A Positive Shift for Property Buyers
Reading Time: 4 minutesThe balance of power in Australia’s property market may be tilting in favor of buyers, as new property listings have started to increase across many parts of the country. According to the latest data from SQM Research, 65,863 new properties were listed for sale in June, marking a 1.0% rise from the previous month and […]