Australia Ranked 7th Highest Property Price Growth – Weekly Real Estate Market Update with Leigh Martinuzzi
Weekly Real Estate Market Update with Leigh Martinuzzi This week Australia ranked seventh out of 55 countries for the highest annual price growth, according to research provided by Knight Frank’s Global House Price Index. This was based on the annual property price increase to the end of June 2021, which in Australia was 16.4%. The […]
Queensland Market Set to Surge – Weekly Real Estate Market Update with Leigh Martinuzzi
Weekly Real Estate Market Update with Leigh Martinuzzi CoreLogic reports that over the year ending August 2021 there have been 598,000 house and unit sales across Australia. This is an increase in sales by 42% on the previous year and the highest number of annual sales since 2004. In Queensland, we’ve seen an even […]
Are Lockdowns the Reason For Increasing House Prices?
Are Lockdowns the Reason For Increasing House Prices? Why are the lockdowns are not having an adverse impact on property prices in Australia? One would think that lockdowns and the COVID pandemic would have sent the economy into recession and caused property prices to plummet however, we’ve seen one of the best years on […]
A High Demand Market – Weekly Real Estate Market Update with Leigh Martinuzzi
A High Demand Market – Weekly Real Estate Market Update with Leigh Martinuzzi This week the REA buyer demand index shows an increase in demand across the nation by 0.5%. In Queensland, we’ve seen a spike of about 1.5% to 168.4. This number represents the number of people looking at “buy” listings on realestate.com.au. What’s […]
Fastest Annual House Price Growth Since 1989
Fastest Annual House Price Growth Since 1989 Australia has experienced phenomenal annual house price increases this year that according to Tim Lawless, Research Director at CoreLogic, is the fastest pass of growth since 1989. National housing prices in Australia back in the late 80s rose as much as 31%. Although what we are experiencing now […]
Weekly Real Estate Market Update with Leigh Martinuzzi
Weekly Real Estate Market Update with Leigh Martinuzzi It appears that for many of us here in Australia, we are becoming settled to the “new normal” of how we do things due to the lasting effects of the COVID pandemic. Uncertain times indeed, however, as a species of progression and with an innate desire to […]
Aussies Are Staying in Their Homes for Longer
Aussies Are Staying in Their Homes for Longer Ten years ago, it was reported that on average, across Australia, people staying in their housing for approximately 7.5 years before getting the moving itch. Nowadays, with the rising prices of houses and the uncertainty of finding something suitable with falling availability, people are staying put for […]
Total Dwelling Approvals Down in July
Total Dwelling Approvals Down in July Total dwelling approvals in July fell again, this time by 8.6%. Building approvals have been falling since the peak back in March where Australia saw approvals climb by 19.1% in February and a further 16% in March. Overall approvals for the 2021 financial year were up 42.8% from the […]
Weekly Real Estate Market Update with Leigh Martinuzzi + Auction Results
Weekly Real Estate Market Update with Leigh Martinuzzi + Auction Results Property prices continue to rise despite the pandemic-stricken housing markets across the country. For the first 28 days in August Brisbane and Adelaide seem to be the star performers with property price increases recorded at 1.8%. Brisbane’s year-to-date growth now sitting just above 15% […]
Auction Clearance Rates and Spring Sales During Lockdowns
Auction Clearance Rates and Spring Sales During Lockdowns Weekly Real Estate Market Update with Leigh Martinuzzi Spring is just around the corner and this year will most likely be a delayed spring selling season if lockdown restrictions in the ACT, NSW, and Victoria don’t ease. With lower levels of consumer confidence and uncertainty in an […]
