Real Estate and Property Market News

The roar of the Chinese dragon in the Australian property market has softened to a purr, with new data revealing a $400 million drop in investment over the past three months. However, the void left by the cooling Chinese interest is being swiftly filled by a surge of Indian buyers, raising questions about the future landscape of foreign investment in Australian real estate. Only Australian citizens and permanent residents can purchase property, but international buyers can apply for permission through the Foreign Investment Review Board.

Australia's housing woes continue to dominate headlines, with industry experts painting a grim picture of a nation grappling with a severe lack of available homes. In a recent interview with Sky News Australia, REA Group CEO Owen Wilson declared the undersupply of housing as the country's "number one issue," emphasizing the impact it has on the rental market.

Concerns simmer as whispers of changes to negative gearing swirl around the Prime Minister, raising fears of broken promises and potential harm to renters. With memories of the recent backtrack on stage three tax cuts still fresh, whispers of potential reforms to negative gearing have ignited concerns within the property industry and beyond.

Brace yourselves for a future without the pitter-patter of tiny feet echoing through the bustling streets of Australia's largest city. A new report paints a concerning picture, suggesting Sydney could soon become a "city with no grandchildren" unless drastic changes are made to address the crippling housing crisis.

Australians are grappling with the most severe housing crisis in "generations", according to Greens MP Max Chandler-Mather, with skyrocketing prices and rents leaving many feeling squeezed and hopeless.

The affordability crisis in Australia faces another harsh critic, with leading economist Anne Flaherty calling stamp duty an "incredibly inefficient tax" that acts as a "massive burden" on homeowners.

The gavel may slam down on a new era for Australian homebuyers as real estate giant Philip Parker calls for mandatory meth testing before every sale or rental. This follows growing concerns about the presence of methamphetamine residue in homes, potentially exposing unsuspecting Australians to health risks.

Flinders View, QLD - Homebuyers seeking relief in Brisbane's soaring housing market can breathe a sigh of temporary relief. The council has approved a controversial project, "Dahlia," bringing over 100 townhouses priced below the city's median house price to the market next month.

Forget bronzed beaches and balmy nights, the hottest property market for Aussies seeking a backyard oasis is surprisingly... the Northern Territory! New data reveals the Top End reigns supreme when it comes to houses with pools, leaving sun-soaked states like Queensland and Western Australia adrift.

Australian house prices are on track to break records this year, defying rising interest rates, according to a prediction from the nation's biggest bank. Buckle up, potential buyers, because 2024 could be a banner year for the property market.