Latest Property News
Asia-Pacific
Sales in Hong Kong up 21.6% month on month in June, latest monthly report shows
Home sales in Hong Kong rebounded 21.6% month on month in June and prices continued to rise despite more cooling measures being introduced by the Government, the latest monthly research report points out. Sales of new properties rose in... Read more
Lack of homes for sale pushing up prices across New Zealand
A lack of homes for sale is pushing up property prices in New Zealand, with the median value up by 5.7% in June compared with the same month in 2017, the latest national index shows. This equalled the record median price of £560,000 and when... Read more
New home sales are on a downward trend in Australia
New house sales have continued to fall in Australia with a decline of 4.4% in May with experts saying that tighter lending is affecting the new build market. Overall the first half of 2018 has seen a renewed downward trend in new house sales and... Read more
Cooling measures could impact on new build property prices in Hong Kong
Home prices in Hong Kong cold start falling as a number of new Government policies aimed at bringing down values take hold on the new build housing market. Among the new cooling measures is a tax on unsold new homes which gives developers six to... Read more
Rental growth is slowing in Australia, with yields stable
Rents are rising across Australia but at a slower pace than they were 12 months ago, up 0.3% quarter on quarter and 1.8% over the 12 months to June 2018. The latest rental tracker report from real estate firm CoreLogic also shows that rental... Read more
Prices and sales in New Zealand’s largest housing market were stable in June
Average property prices in New Zealand’s biggest housing market in Auckland edged up 1.1% in June to $928,842 with the outlook for values and sales described as stable. Prices in the capital city are now 0.2% higher quarter on quarter and some... Read more
Property prices in Australian cities down for ninth month in a row
Residential property prices in Australian state capitals fell for a ninth month in a row in June to a median value of $654,366, the latest index data shows. Prices are falling across all measures, month on month by 0.3%, quarter on quarter by... Read more
Property prices and sales rising across New Zealand
Property prices in New Zealand have reached a new record high, up on average by $27,000 a year to $562,000, a rise of 5%, and sales also rose, the latest monthly index shows. Median prices for New Zealand excluding Auckland increased by 5.8%... Read more
Melbourne is Australia’s hotspot for new home building
Melbourne is the strongest city in Australia for home building growth with 12 of the nation’s home construction hotspots, an annual review shows. Top overall is the Mickleham Yuroke area of Melbourne with $222.9 million worth of building... Read more
Outlook for residential property market in Hong Kong positive due to lack of supply
The current positive momentum in Hong Kong’s property market looks set to continue with the latest index showing that an expected rise in interest rates is not impacting optimism. A supply and demand imbalance is supporting both rents and... Read more