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Real Estate and Property Market News

The latest real estate and property market news from our team of real estate industry leading professionals

Urban Development Institute of Australia President Col Dutton argues that greater cooperation between the federal and state governments is the key to tackling Australia's housing crisis.
Minister Jackson pointed to both the Goods and Services Tax (GST) and recent cuts to infrastructure funding as evidence that NSW isn't receiving its fair share of federal resources.
The Australian property market is showing no signs of slowing down in 2024, with auction clearance rates remaining "very strong" according to REA Group Senior Economist Paul Ryan.
According to Deputy Opposition Leader Susan Ley, the rising cost of living combined with a lack of clear housing policy from Labour is creating a sense of hopelessness among young Australians.
Australia's housing market defied expectations, with prices creeping up again in February. CoreLogic's national home value index showed a 0.6% increase, marking the strongest monthly gain since October 2023.
Hundreds of new apartments are popping up across Sydney, but they're not for sale. This innovative "build to rent" model is simple: large, professionally managed buildings specifically designed for renters, not buyers. With 19 projects underway, areas like Parramatta, Ryde, and Canterbury-Bankstown are embracing this new approach.
While rising interest rates are a contributing factor, new research reveals a shocking truth: a record number of Australians are struggling to keep up with their mortgage payments, and it's not just due to higher borrowing costs. The latest data shows that over 1.6 million homeowners, or 31%, are now "at risk" of mortgage stress.
Former Australian treasurer Wayne Swan has called on the nation's superannuation funds to play a "substantial role" in tackling the housing affordability crisis by investing in the construction of 40,000 homes. Swan, who now chairs super fund Cbus, argued that social and affordable housing could be a part of a "win-win" investment strategy for super funds and their members.
While capital cities witnessed a slowdown in growth, values in regional areas rose by 1.2% in the three months leading to January, compared to a mere 1% increase in major cities. This trend suggests a potential shift in the Australian property landscape, with regional areas becoming increasingly attractive options.
The Tasmanian election race heats up as Labour leader Rebecca White visited Rokeby to announce a $1,000 per household incentive program for landlords willing to invest in energy-saving upgrades like insulation, heat pumps, or improved glazing. However, to access the state funding, landlords must match the contribution, ensuring a shared commitment to improving energy efficiency in their properties.