All capital cities now recording year-on-year growth
All capital cities are now recording year-on-year growth. Adelaide and Perth are leading the way, recording well over six per cent growth over the past 12 months. Melbourne and Hobart are the slowest growth capital cities.
In the evolving landscape of the real estate market, a new trend has emerged - ‘green listing’. There’s been a rise in advertising sustainable features such as energy or water-saving features.
Why too many bedrooms is a problem for housing supply
Last year we took a close look at the number of spare bedrooms in Australia. Based on research done by the Australian Bureau of Statistics, we found that there are around 13 million spare bedrooms across the country.
Farms hit record prices this year but the outlook is more uncertain
We have never had such good farming conditions as we did in 2022. While particularly good Australian weather conditions were the major driver, so too were poorer conditions elsewhere around the world.
After seeing the biggest jump in advertised rents ever recorded, we are finally starting to see the rate of increase start to slow. For now it is houses only. Last month, Australian advertised house rents saw the lowest annual increase since December 2021.
It has been a stressful time for the construction industry, and by extension for housing supply and affordability. Over the past two years, the cost of building a new home has increased on average by 28.2 per cent.
