The residential vacancy rate has slumped to a 16-year low of 1.3 per cent nationwide over January as the proportion of empty rental apartments in central business districts fell below their pre-pandemic levels, data from SQM Research shows. A combination of falling listings and rising demand from tenants moving out
Property prices skyrocketed in 2021 despite closed borders and, at times, severe lockdown restrictions brought on by COVID-19. Ultra-low interest rates helped propel the market upwards to finish the year more than 22 per cent higher. The latest CoreLogic figures revealed the average price of a home in Australia grew
Rental vacancy rates around Australia continue to be low and will probably tighten further over 2022, with a new report signaling good returns for investors but terrible tidings for tenants. Although the number of available rentals rose slightly in December, that is more a reflection of the traditional rental changeover
Record low interest rates have driven Australian housing prices up 22 per cent last year — its sharpest rise in three decades. The nation’s median property price has risen for a 15th straight month. It comes after another 1 per cent gain in December, according to the latest figures from CoreLogic.
Renters are facing fewer options when it comes to choosing their next home, with vacancies at their lowest level in years and expected to drop further as international borders reopen. Competition for rentals – which held the national vacancy rate at a multi-year low of 1.5 per cent in November
Australian housing values were 1.3% higher in November marking the 14th consecutive month where CoreLogic’s national home value index recorded positive value growth. The November update takes national housing values 22.2% higher over the past 12 months, adding approximately $126,700 to the median value of an Australian home. Although values
Owning a home is a keystone of wealth… both financial affluence and emotional security.