PropTrack Listings Report – February 2024

Australia’s property market accelerated in February, with a strong month of new listings coming to market. Nationally, there were 16.6% more new listings year-on-year. Capital cities led the busier activity, recording a stronger-than-typical February for new listings, and the most new listings across the combined capitals for a February since 2012. The extra day inRead more

Are you considering selling in the new year? Here’s some tips to help you prepare.

The Christmas period is a time to relax, de-stress, spend time with the family and plan for the new year. One of those considerations may be about potentially selling your home. If you are considering selling, here are some tips to help you prepare: Carry out important renovations/repairs If there have been important repairs orRead more

a $900 million redevelopment concept plan of the tweed mall site has been filed with tweed shire council. let’s take a look at what’s being proposed in the concept plan.

A Sydney real estate funds manager has filed concept plans for a giant $900-million redevelopment of the 5ha Tweed Mall Site. Elanor Investors Group is seeking a staged redevelopment of the Tweed Shopping Mall, which comprises 13 new buildings of up to 15 storeys on the corner of Wharf and Bay streets, just a coupleRead more

Corelogic’s Home Value Index shows housing recovery gains momentum in August as national home values rise 0.8%.

CoreLogic’s national Home Value Index (HVI) marked a sixth consecutive monthly rise, up 0.8% in August. The monthly gain was a slight acceleration from the 0.7% increase in July, interrupting a two-month trend of slowing capital gains. Since bottoming out in February, the national HVI is up 4.9%, adding approximately $34,301 to the median dwellingRead more

Are pre-approvals worthwhile in a changing-rate environment?

Recently, the Reserve Bank of Australia (RBA) chose to hold the cash rate at 4.1%. This is the second month in a row the Bank chose to hold the cash rate following positive signs in inflationary data. With the uncertainty around the future of interest rates – whether they will keep increasing or have reachedRead more

Buyers making a comeback but sellers still nervous

It was just a little over a year ago that interest rates rose for the first time in over a decade, spelling an end to a boom that had seen property prices grow at close to the fastest rate in history. Higher rates, amid rapid growth in the cost of living, triggered a collapse inRead more

Is winter the hot time to sell this year?

Over the first five months of 2023, national property prices increased by 1.5%. Aside from Darwin, all capital cities saw prices rise in May, with Adelaide and Perth sitting at peaks. By comparison, national home prices were 2.4% lower over the 2022 calendar year. Brisbane, Adelaide, Perth and Darwin recorded growth but falls occurred in allRead more

Schmith Estate Agents launches new boutique Holiday Management Firm, Sea Escapes.

Boutique Southern Gold Coast & Northern Rivers Real Estate Agency Schmith Estate Agents has launched a brand new independent holiday management firm to service the Holiday Market, Sea Escapes Holiday Collective. Schmith Estate Agents & Sea Escapes Principal Justin Schmith noticed a gap in the Holiday Management space for a High Service & High QualityRead more

Rate hold could herald renewed confidence in property market

The decision from the RBA to hold the cash rate at 3.6% sends a clear message they are ready to take stock, assessing the economic impact of the rapid rate hiking cycle to date. Considering monetary policy acts with a lag, it’s important to understand how trends in consumer prices, consumption, labour markets and sentimentRead more