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The property downturn is official … The numbers have caught up with the soft auctions and quiet open homes. Property data house Cotality’s national Home Value Index fell 0.4 per cent in June – the largest monthly fall since December 2022. Cotality now judges the market to have peaked in March. Sydney led the slide… Read more »
The immigration debate is heating up in Australia .. here’s what we’re not talking about. We just clicked over 28 million Australians. A new resident lands roughly every 75 seconds. And depending on which talkback caller you believe, this is either the engine of our prosperity or the reason your kids will never own a… Read more »
As the federal budget’s housing policy changes start to sink in, the impact on the broader economy is starting to be realised. One of the best bits of property analysis I’ve read in a while comes from Nerida Conisbee, Chief Economist at Ray White. The federal budget’s housing measures are designed to push investor demand… Read more »
Last year it looked like the rapid rise in construction costs had come to an end. Now it looks very different. According to real estate giant, Ray White, the cost of building a new home increased by more than 20 per cent in the 12 months to September 2022 By September 2023, that rate of… Read more »
