Australian Real Estate Market Booms with 8.3% Price Growth
Discover how property prices in Australia have skyrocketed by 8.3% annually due to a shortage in supply, according to data from CoreLogic.
Property prices in Australia have continued to surge, with a yearly increase of 8.3% reported by property consultant CoreLogic. This marks the sixth consecutive month of growth, driven by a lack of supply in the Australian housing market. The situation mirrors that of the UK, but the housing stock in Australia appears to be even more constrained. According to data, Australia currently ranks 22nd out of 33 OECD countries in terms of housing availability.
In May alone, Australian property prices rose by 0.8%, translating to a A$12,000 (approximately £6,250) increase. The state capitals of Perth and Adelaide experienced notable price hikes during this period, while Sydney prices reached their peak from January 2022. The median home value in Sydney now stands at just under A$1.16 million (£600,000).
The Australian real estate market continues to show strong growth, fueled by limited supply and high demand. The ongoing price increases highlight the challenges faced by both buyers and renters in the current market.
Australian Real Estate Market Booms with 8.3% Price Growth
US Real Estate Investors Still Focused on Portugal: A Safe Haven for Property Acquisition?
Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.
Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.
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UK House Prices Still Unaffordable for Many Despite Rising Wages
High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.
High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.
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Belgium's Real Estate Prices Surge, Straining Purchasing Power
Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.
Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.
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Dutch Housing Market: 540 Tenants Challenge Rent Increase by CBRE and Nationale-Nederlanden
In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.
In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.
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House Prices in Ireland Surge Amid Severe Property Shortage
Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.
Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.
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UK Tax Rules on Second Homes: Can They Solve the Housing Crisis?
Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.
Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.
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Portugal Real Estate Market: Sales Decline, Prices Up 7%
Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.
Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.
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The US Housing Market Stuck: Sales Slow Despite Lower Interest Rates
Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.
Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.
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Idealista, Leading Spanish Real Estate Portal, Acquired by British Fund Cinven
Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.
Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.
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