Experts reveal their top 100 suburbs tipped to best weather the property downturn
With interest rates rising and property prices falling, it’s becoming harder to access housing finance, but analysts say some suburbs still have bright prospects next year. Read More
What happens to the Australian property market over the Christmas shutdown?
- Christmas and New Year is usually a quiet time for the real estate market
- However, some sellers may be keen to strike a deal before the end of the year
- The process can be made slower as solicitors and the like are on holidays
Investment to unlock homes in booming west
The NSW Government is ramping up its investment in vital infrastructure to support the delivery of more than 30,000 new homes in areas of Western Sydney that are experiencing record growth. Premier Dominic Perrottet and Minister for Planning and Minister for Homes Anthony Roberts today announced twenty-four council-led projects have been selected for funding through the second round of the NSW Government’s Accelerated Infrastructure Fund (AIF). Read More
The neighbourhoods where property prices are still higher than a year ago
Affordable outer suburbs are proving more resilient than pricier inner neighbourhoods amid the property market downturn, new figures show. Months of price declines in Sydney and Melbourne have left median values lower than they were a year ago, but values in a string of middle and outer ring regions are still up year-on-year – as demand continues for comparatively more affordable homes. Read More
One of the last places you can land acreage in Sydney – if you’re willing to fight for it
They may be 40 kilometres west of Sydney’s CBD but the once semi-rural suburbs of Leppington and Austral are some of the last areas buyers can find acreage in the harbour city. Read More
What will happen to the Australian real estate market in 2023?
- Although the property market is generally in a decline, there are some good opportunities
- Unlikely interest rates will go lower for at least the first half of 2023
- Darwin has the highest rental yields of the capital cities
Six things to expect from the Australian property market in 2023
- Buyers agent Dragan Dimovski expects a return to growth next year
- He expects interest rates to stabilise next year
- Also, he expects Queensland to be the best-performing state
Real Estate in 2023: What to expect, according to the leading experts
- 2022 was a year where we moved to the “new normal”
- We saw eight interest rate rises in 2022, bringing the cash rate up from a historic low of 0.10% to 3.10% by the end of the year
- In Perth, people returned to the office taking office occupancy levels to 80% of pre-Covid levels
Top 10 Australian property industry opportunities for 2023
- As people move to the regions, commercial will too
- Automation to rise in the industrial sector
- Future proofed buildings, and green buildings a must
Can we expect a happier new year for the property market in 2023?
After the predicted bumper $64 billion Christmas retail spending spree, what awaits us when the credit card bills roll in and more and more fixed mortgage rates begin to expire?
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How to tell which properties are selling at a discount to their price guides
Potential home buyers trying to research their options would be better served by looking at sold prices than price guides, even in a falling market, buyer’s agents warn.
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The best and worst of the 2022 Australian property market
It has been a turbulent year for the Australian property market in 2022 and a new study from CoreLogic has revealed the main trends in real estate over the last 12 months.
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From records to resilience: a year in property unlike any other
Successive interest rate rises, surging inflation, low consumer sentiment and deteriorating affordability drove a shift in Australia’s 2022 housing market performance, CoreLogic’s annual Best of the Best report reveals.
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Adelaide, Brisbane and Perth best places to buy property in 2023
A new report has revealed the 110 suburbs that are set to be rising stars next year, with 81 of them offering houses below $600,000. While regional areas were the hot spots to buy this year, it’s the smaller capital cities that will shine in 2023 – offering the best bargain for house hunters, a new report has found.
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Properties could rise as much as 12 per cent if interest rates start to slow down
It’s been a horror year for property owners but there’s a massive change on the horizon, with prices possibly set to skyrocket. Australia’s housing market could rise by up to a whopping nine per cent in the coming year.
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Albanese Govt Announces Record Infrastructure Spend
The Federal Labor government has announced a $9.6-billion infrastructure spend across Australia as part of its first Budget.
The record funding encompasses rail and road projects and makes good on promise by now-Prime Minister Anthony Albanese in the run-up to the May election.
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19,000 homes planned for South West Sydney
The NSW Government will be responsible for assessing three planning proposals that could unlock around 19,000 new homes, and secure the protection and implementation of important koala corridors, in Appin, Gilead and North Appin.
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Woolworths signals start to its $72 million Leppington Town Centre
Leppington Town Centre is one step closer to being realised with construction on a new $72 million neighbourhood shopping centre commencing earlier this week.
The new Woolworths’ Leppington Village Shopping Centre will be home to more than 8,000m2 of retail space including a state-of-the-art full-line Woolworths Supermarket with Direct to Boot and Pick Up facilities, and more than 20 speciality stores including restaurants and cafés, retailers, and community services.
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Leppington triangle: Coalition’s $30m purchase of airport land ‘incompetent or corrupt’
The federal government’s controversial $30m purchase of the Leppington triangle site was either the result of “gross incompetence or corruption”, a parliamentary inquiry has heard.
Geoffrey Watson SC, the director of the Centre of Public Integrity, told a Senate inquiry the purchase of a 12.26-hectare triangular parcel of land near the site of Sydney’s second airport for 10 times its market value was “unjustifiable”.
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The Australian suburbs where house and unit values have risen the most since COVID-19 hit
Australia’s property prices surged as the COVID-19 pandemic set in.
However, property values have more recently been easing across most parts of the country, but still remain elevated after earlier, large increases attributed to the “COVID housing boom”.
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