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New home sales fall in Australia to lowest level since 2012
New home sales fell to their lowest level since 2012, down by 14.9% year on year in December, the latest figures shows. The drop in sales of new detached houses was less pronounced, down 6.7%, according to the new homes sales report from the... Read more
Despite slowdown, new home building in Australia was one of the strongest years on 2018
A large number of new home starts in Australia meant that 2018 recorded one of the strongest years of residential building markets on record, official figures show. But the number did slow down towards the end of the year with the new data from... Read more
New home approvals reach five year low in Australia
New home approvals in Australia fell to a five year low towards the end of last year with property experts blaming tightened lending from banks. Overall new home approvals fell by 9.1% with multi-unit homes down by 18.4% and detached home... Read more
Australia has weakest housing market since 2008, latest index shows
Property prices in Australia fell by 4.8% nationally in 2018 to a median value of $532,327, while the rate of decline worsened consistently over the year, the latest real estate index shows. It means that the housing market as a whole has seen... Read more
New homes sales increased in Australia in November, latest figures show
New homes sales increased in Australia in November, up by 3.6%, but are still some 12.2% below last year, the latest research shows. However, the rise is not set to mark an end to falling sales in the sector which has characterised much of 2018,... Read more
Properties taking longer to sell in Australia, new analysis shows
As property prices and sales continue to fall in Australia, the number of homes for sale is rising and properties are taking longer to sell across most regions of the country, new research has found. Over the three months to October 2018,... Read more
Record median house price set nationally in New Zealand, latest index shows
The national median house price in New Zealand reached a record high of $575,000 in November, up 6.5% from $540,000 at the same time last year, the latest index data shows. Excluding Auckland, the median house price was a record $485,000 up 7.8%... Read more
Credit squeeze is slowing new home building and sales in Australia
The credit squeeze in Australia is continuing to slow new home building and sales have fallen steadily throughout 2018, according to a new analysis. Constraints on access to finance have further impaired sales in recent months, says the new home... Read more
Property price growth in regional Australia varies across states, latest data shows
Property prices in regional Australia, outside of the state capitals, have increased the most in the Geelong region but sales are slower, according to the latest analysis report. House prices in Geelong increased by 16.6% in the 12 months to... Read more
Housing markets across Australia seeing weak conditions, especially Sydney and Melbourne
Residential housing market in Australia is experiencing its weakest conditions since the global economic downturn with prices down 4.1% compared with a year ago, the latest national index shows. It means that the national median price is... Read more