When purchasing a property, particularly an apartment, townhouse, or unit, it’s important to consider the ongoing costs beyond your mortgage repayments. One of these key expenses is strata fees, which help cover the maintenance and management of shared spaces within...
Following 21 months of growth that pushed property values up 14.3 per cent, Australia’s housing market entered a downturn in December. National property prices dropped -0.1 per cent – the first decline in almost two years. Prices were down -0.7 per cent in Melbourne,...
Even though the year began at the peak of the downturn, the market has made a robust recovery over the last 12 months, with all capitals combined dwelling values gaining an average of 7.7% – according to SQM Research. The same research shows all-capitals average...
The end of the year is fast approaching, with most capitals experiencing a strong recovery on dwelling values from the downturn that culminated at the start of 2023. The recovery is mainly due to an influx of immigration and constricted supply, which the Government is...
In this months report, the $10bn Housing Australia Future Fund (HAFF) has finally passed the Senate after the Labor Government struck a deal with the Greens to add another $1bn for public and community housing. The HAFF plans to build 30,000 social and affordable...
Realestate.com.au Sarah Dowling says economists predict interest rates will fall under the leadership of the new RBA governor Michelle Bullock when she takes over from Mr Lowe in September. Property prices are on the rise despite the avalanche of rate hikes since May...
