Tag: houses
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Building approvals and home values falling at a record pace, with more to come
Australian building approvals fell for a third straight month at the end of 2022, with Australian Bureau of Statistics (ABS) data revealing the number of houses and apartments planned in November were almost half the record achieved in March 2021 at the height of the pandemic. The data release coincides with the latest Corelogic research…
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Housing prices surge in Sydney and Melbourne
Housing prices have surged again, hitting their highest point since the early 2000’s. This represents the quickest annual growth seen on the housing market in over a decade. Unfortunately for first time owners, investment property buyers are buying properties in the countries’ two most populous cities, Sydney and Melbourne. This is due to the Reserve Bank cutting interest…