Market News

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The Market Herald Property Market News

" Australian property prices record biggest 12-month growth in history: ABS

Residential property prices rose 23.7 per cent in the last year, the fastest annual increase on…

" Perth lags national CBD bounce-back as office workers leave city deserted

Perth has recorded its lowest office occupancy level since July 2020, according to the Property Council of Australia Office Occupancy Survey, as the

" Property price boom might have widened gender wealth gap

Rising house values as a result of low borrowing rates, constrained supply and high buyer demand may have expanded the gender wealth gap

" Australian construction activity improved in February, outlook remains strong: AI Group

Australian construction activity improved in February following a sharp dip over the summer holiday period and…

" Housing prices slow down across major cities, Sydney records first decline in 17 months

Growth in Australian housing values has slowed down as Sydney records its first decline in 17…

" Probuild falls into administration

Probuild's South African parent company Wilson Bayly Holmes - Ovcon said it is pulling out of Australia,…

" High stamp duty is “shattering” Victorians dreams of homeownership: HIA

Victorians spend about $30,000 more in stamp duty than Queenslanders when purchasing a new home, according…

" Land value growth offers potential funding option for high-speed rail network on east coast

Land value growth could be used to fund the proposed high-speed rail network on the east…

" Residential construction costs rising at fastest annual pace since 2005

National construction costs climb 7.3 per cent over the 2021 calendar year, the highest annual growth…