Source: Australian Property Journal After a seasonal rise over December, the national vacancy rate has again fallen to its lowest point on record for January at 0.8%. According to the latest analysis from Domain, the return to vacancy declines indicates Australia’s highly competitive nature, with asking rents also at historic high levels. Vacant rental listings in January were 36.1% lower than in the same month in 2022 and at all time January low, with increased demand completely abs...

Source:  Australian Property Journal - Bruce Bradbury, Assoc Prof, Social Policy Research Centre, UNSW Sydney For many Australians, the rent crisis is just starting. Advertised rents have been soaring, but mainly for new rentals – so called“asking rents”. The broadest measure of rents actually paid – the rents on the 480,000 or so capital city properties the Bureau of Statistics uses to calculate the consumer price index – has climbed only modestly, increa...

Source: Courier Mail In a market where rents are rising 25 per cent, soft er prices and rising rates do not explain the exodus of private investors. In every city across Australia the rent crisis is hitting hard. Anyone who needs to rent finds out very quickly there is very little on offer and prices are rising rapidly.  For property owners, however, it’s a red-hot market. The single biggest risk for private investors in property investment – the risk of missing rental inco...

Source:  Australian Property Journal AUSTRALIAN home values recorded the greatest decline on record in the first month of the new year. CoreLogic’s Daily Home Value Index (HVI) took an 8.40% tumble on 7 January 2023,from its peak on 7 May 2022.  This latest index result eclipsed the previous record in peak-to-trough declines, when home values dropped 8.38% between October 2017 and June 2019. CoreLogic noted that the previous housing downturn between 2017 and 2019 held for 2...

Source: API Property Journal AUSTRALIAN house prices are falling at their fastest rate since the early 1980s recession, and rising interest rates could see 30% wiped off values. Values fell by 1.3% in July, marking the third consecutive drop for CoreLogic’s national Home Value Index. After prices surged 28.6% through the pandemic growth phase, they are now 2.0% below the April peak. Five of the eight capital cities recorded a month-on-month decline, led by Sydney and Melbourne w...

Source:  REIQ The rental supply squeeze has kept a tight grip on Queensland, despite some slight increases in vacancies on the coasts, according to the Real Estate Institute of Queensland’s (REIQ) latest report. The REIQ’s Residential Vacancy Report for the June Quarter 2022, released today, showed the vast majority of Queensland continues to endure incredibly tight and relatively flat vacancy rates, well below one percent, a far cry from a healthy 2.6 – 3.5 percent r...

Source: The Chronicle Essential workers such hospital workers and teaching staff, even students, are struggling to find a rental as Queensland’s vacancy rates plummet to punishing new lows across parts of the state. The REIQ’s Residential Vacancy Report for the June Quarter 2022 shows that vacancy rates have fallen again across 21 of the 50 Queensland housing markets, with two regions – Goondwindi and Southern Downs –practically putting up the “no vacancy sign&...

Source:  CoreLogic Australia’s rental market continues to tighten as low supply levels cause national vacancy rates to dive and rents to rise across all capital cities and property types over the past three months. CoreLogic’s Quarterly Rental Review for Q2 2022, released today, shows the national rental index increased 0.9% in the month to June and 2.9% over the June quarter, a 30 basis point increase on the three months to March. Dwelling rents are 9.1% higher across the...

Source: CoreLogic Owing to the popularity of the state’s largest coastal markets (Gold Coast and Sunshine Coast), Queensland was the only state to have a similar number of million-dollar markets in both its capital city (122) and its rest of state area (107). Thanks to its relative affordability and a steady stream of interstate migration, values have surged across Queensland, with the number of million-dollar markets more than doubling across Brisbane (up 139.2%) and regional QLD (u...

Source:  Australian Property Journal The national residential vacancy rate has been crunched to just 1% – its lowest level in 16 years – and is set to tighten further, as rents skyrocket and the national rental crisis worsens. New data from SQM Research showed there were 36,478 vacant properties across the country in May, down from 39,616 in April. Vacancy rates in Sydney and Melbourne came down over the month to 1.5% and 1.7% respectively, and were steady in their CBDs at...