Squeezed by renewed RBA rate hikes and plunging consumer confidence, Australia’s housing demand took a measurable hit in the March quarter. The latest ABS Lending Indicators reflect this shift showing weaker activity than in December last year. The total number of housing loan commitments fell by 6.2%, while the overall value of lending dropped by…
Following recent interest rate hikes and the prospect of additional increases, housing affordability is likely to decline further, prompting many potential buyers to reconsider the types of homes they seek or their living arrangements. In its most recent meeting, the RBA board lifted the cash rate by another 25 basis points, bringing interest rates to their…
Construction is getting close to completion at Stage 2 Millwood Rise in Nambour. Asphalt is scheduled to be installed this week with all works including landscaping set for completion in late May/early June.
Retaining walls are almost complete at Mayfair Lane in Rochedale. Preliminary road works have commenced with compaction of the subgrade underway this week.
New analysis from Cotality shows that since October last year, properties with an estimated value below the 5% deposit guarantee scheme price caps have recorded stronger growth than higher priced homes. Over the first six months of the expanded scheme, homes with a value under the price caps have increased in value by 6.7%…
A profound supply-demand imbalance has emerged as a key contributor to divergent home value trends across Australia since the start of 2020, according to a recent analysis by Cotality. Analysis from Cotality’s April Housing Chart Pack reveals that between Q1 2020 and Q3 2025, the strongest growth in home values was concentrated in states where the rate of…
Construction across Stages 1-3 at Farriers Creek, Burpengary is progressing well, with earthworks now approximately 50% complete. Works have also commenced on stormwater infrastructure and road construction, making a key milestone in the project’s development.
Construction on Stage 2 at Riverleigh in Logan Reserve is progressing well with the final electrical works being completed and road signage installation commencing shortly. Road crossings and the watermain install is taking place in Stage 3 with the subbase gravel and kerb installation starting in the coming weeks.
Construction is progressing well at Mayfair Lane in Rochedale with clearing of the site now complete and sewer works now underway. Stormwater construction will commence next week.
Australian home owners now have the protection of a “financial shield” in uncertain times, as property resales achieve record profits, according to Domain. Rising prices have created a surge in housing equity, which provides a “buffer against rising interest rates and inflation” for existing owners, a report from the real estate firm has found. As…
