Property market sets new record

Red-hot property market sets new record

The total value of residential dwellings in Australia has surpassed $8 trillion for the first time, according to new data from the Australian Bureau of Statistics.

During the March quarter, the total value of Australia’s 10.6 million homes rose by $449.9 billion – the biggest jump on record.

At the same time, national property prices rose 5.4% – the fastest rate of growth since the December 2009 quarter. The breakdown by capital city was:

  • Sydney = 6.1%
  • Hobart = 6.1%
  • Canberra = 5.6%
  • Perth = 5.2%
  • Melbourne = 5.1%
  • Darwin = 4.7%
  • Brisbane = 4.0%
  • Adelaide = 4.0%

.

ATO issues tax warning

The Australian Taxation Office has reminded property investors to beware of common tax traps that...

Lenders offering green loans

Do you want to make your home more sustainable? If so, you might be interested...

Demand outstripping supply

Properties are being removed from the market faster than they’re being added, which is pushing...

Investor activity rising

First home buyers have been drifting out of the market, while investors have been piling...

ATO reveals key tax mistake

Keen to get your hands on a tax refund? Well, the Australian Taxation Office has...

Property investors cashing in

This is a great time to be a property investor, with tenants being forced to...

Many homes cheaper to buy than rent

New analysis from CoreLogic has found that buying a property is cheaper than renting for...

Mortgage deferrals available

As many parts of Australia have returned to lockdown over the past few weeks, lenders...

Leave a Reply

Your email address will not be published. Required fields are marked *