Selling conditions have cooled down, and that means that homes are taking longer to sell than they used to. So how long should you expect it to take in the current market?
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With a lot of uncertainty in the property market right now, it might be difficult to separate fact and fiction. Melbourne-based real estate agent Andrew McCann from Jellis Craig gives you the rundown on what’s really happening and what you need to know.
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With interest rates continuing to rise and many people rolling off their fixed rate mortgages, we’re quickly nearing a “mortgage cliff”, with many homeowners with fixed-rate loans reverting to sharply higher variable rates.
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The latest census data which reveals that 1 in 10 Australian homes are sitting empty. As homes continue to become more expensive and the rental crisis worsens, the vast number of homes sitting unoccupied is cause for concern.
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Realestate.com.au’s Hot 100 list has people talking, and for good reason. This groundbreaking list is the first of its kind, showcasing the top 100 suburbs in Australia with the most potential in 2023.
From bustling cities to quaint coastal towns, this list has it all, and the numbers don’t lie. These suburbs have been carefully selected based on a range of factors, including search activity, price growth, and days on market, providing a comprehensive snapshot of the most in-demand and exciting areas to buy and sell property in 2023.
The Hot 100 is a game-changer for the real estate industry, providing buyers, sellers and investors with invaluable insights into the market and what the future holds. It’s a must-watch for anyone who is serious about real estate, and who wants to stay ahead of the curve in this rapidly evolving industry.
Whether you’re looking for your dream home, or you’re an investor on the hunt for the next big thing, Realestate.com.au’s Hot 100 is the ultimate guide to the suburbs that are redefining real estate in Australia.
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Following strong housing market conditions during 2020 and 2021, 2022 has been a tumultuous year for the housing market. Interest rates have risen rapidly, resulting in price falls and a reduction in sales volumes.
While prices for properties for sale have fallen, rental prices have grown on the back of escalating demand from overseas migration and fewer first-home buyers. The insufficient supply of rental stock has afforded landlords the scope to lift rents.
With market conditions changing so rapidly, what are the most pressing issues for the housing market in 2023?
0.00 State of the current market
0.15 Areas that are likely to see price falls
0.44 Areas that might show more strength
1.03 Global factors influencing the market
1.21 Buying in 2023
1.47 Selling in 2023
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The inaugural realestate.com.au Hot 100 has been released, identifying the suburbs around Australia with the best real estate prospects in 2023.
Compiled from the insights of a panel of industry experts – including the head of a major agency group, buyer’s agents, researchers, and an academic – and complemented by PropTrack data and economic analysis, the exhaustive list is an independent overview of future growth drivers.
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The PropTrack Regional Australia Report for 2022 has been released and it’s giving us a deep insight into the state of the Australian regional property market. The report shows that there have been some significant changes in the market since the start of the pandemic, and many of these changes are likely to continue in the coming months.
According to the report, regional areas have seen a surge in demand, with many people moving out of the cities and into more affordable regional locations. This trend is expected to continue, with regional areas predicted to see further price growth in the future.
However, the report also reveals that not all regions are performing equally, with some areas experiencing more growth than others. It’s clear that regional buyers need to be aware of the local market conditions and trends, in order to make informed decisions when buying or selling property.
Overall, the PropTrack Regional Australia Report provides valuable insights into the state of the property market in regional areas. If you’re considering buying or selling property in these areas, it’s important to stay informed and make strategic decisions based on the latest market trends and conditions.
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With 2022 already seeing a retreat in house prices from their record highs, experts are now predicting that the falls will become more pronounced.
PropTrack’s Cameron Kusher discusses the expected downturn and the factors driving this trend. He explains how changes in interest rates, borrowing capacity, and the effects of the pandemic all contribute to the anticipated decrease in house prices outlined in the PropTrack Market Outlook report.
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The cost of renting has been rapidly increasing, pushing many tenants towards home ownership. The trend of high rental costs, combined with low interest rates, has made home buying a more appealing option for many. As a result, the number of first-time home buyers has increased and is expected to continue to rise.
The shift from renting to owning a home is also being driven by the desire for stability and long-term security, as well as the ability to build equity and create wealth. However, it’s important for potential home buyers to consider their financial capabilities, take advantage of government incentives, and research the market before making a purchase.
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