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Property prices hit a new peak, housing costs stabilise, and how likely is a November cash rate increase?
Welcome to Hot Property, REB’s weekly round-up of headline stories that are important not only for the real estate sector, but also for the state of the Australian property market as a whole.
To compile this list, we consider the week’s most-read stories and the news that matters to you, collating your need-to-know property report from across our site and sister brands. Here are the biggest stories of the week:
Following increasing consumer price index figures, and with the Reserve Bank of Australia’s (RBA) board meeting set to rival the Melbourne Cup next Tuesday (7 November), how likely is the central bank increasing interest rates again?
Bet you didn’t think property prices could get higher, didn’t you? Well, they can, rising to new peaks over October according to two of the nation’s leading property data centres – PropTrack and CoreLogic.
In some good news, Australian construction costs eased in the September quarter. What impact will this have on the market?
The popular short-term rental accommodation platform’s hand has been forced with increased regulation of the sector, particularly in New York, one of its largest markets. This has led the company’s CEO to allude to venture into the traditional rental market.
Halloween may not be the biggest celebration in Australia, but that hasn’t stopped one imaginative agency from leveraging off the festivities.
As house prices soar and the difficulty of securing an Australian home increases, it appears a large cohort of the population are eyeing off locations lying outside the nation’s metropolitan regions. Find out the major driving factors behind this trend.
Over the September quarter, one of Australia’s big four banks reported an increase in new housing lending. But what has led to this increase?
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