Victoria might be sweating through its hottest weekend of the year, but the property market is going to be feeling the heat for the next fortnight. PropTrack recorded 350 results yesterday from the 532 homes testing the market this week, down from more than 1000 slated almost every week since … Read more
Home price growth accelerated in February, with strong buyer demand soaking up the influx of new properties that hit the market over summer. The property market has brushed off its summer slowdown, with values rising across most of the country in February and prices breaking records in four capitals. The … Read more
With houses and apartments in the combined capitals both smashing their way to price records nationally, agents behind the scenes are detecting major demographic trends propelling markets ever upwards. In Melbourne, the city still in the earliest stages of price recovery, a rush of international buyers looking for a great … Read more
When owning a property, it can be easy to focus on the short-term changes in value and forget that over many years of ownership, prices are likely to rise. Home prices have fluctuated wildly over the past few years, with values in most cities staging a surprise recovery last year … Read more
Australia’s love affair with real estate is growing ever fiercer, with an ardour undimmed by the passing of time and the increasing expense of conducting the affair. And it’s not a fleeting desire, either. While many of us love the feeling of being in love, we also know that a … Read more
Auctions scheduled for Victoria are set to soar over February, with the volume this summer “rivalling the spring market”. Yesterday, PropTrack records showed 457 properties went under the hammer with 71 per cent sold. Ray White Victoria and Tasmania chief auctioneer Jeremy Tyrrell said they had 231 auctions during the … Read more
While initially designed as simply a way to save money for retirement, many people wonder if they can use superannuation to help them buy property. Here’s everything there is to know about using super to buy a house. Can you use super to buy a house Yes, there are ways … Read more
Home owners feeling more optimistic about the 2024 property market are lining up to list their homes for sale, according to agents, which should help to create a more balanced property market. The volume of properties booked to go up for sale in February and even March is impressive, agents … Read more
First home buyers are set to face another challenging year, but there could be some reprieve in sight as property price growth slows, more homes hit the market and expectations mount for cash rate cuts. First home buyer activity hit a multi-year low in early 2023, as first-timers faced rapidly … Read more
Victoria’s auction market wrapped up for the year this weekend with just enough heat left in it to gift a sale to most of those hoping for one under the hammer. Preliminary PropTrack figures show the state recorded a 62 per cent clearance rate from 874 reported results yesterday, though … Read more