Latest Property News
Asia-Pacific
Prices, sales and rents all expected to decline in Hong Kong
Both property prices and sales are predicted to fall in Hong Kong over the next three to 12 months, with rents cooling too, according to a new analysis. Overall, buyer demand has dropped across the board, including from residents of mainland... Read more
New home sales show slight uptick in Australia as land prices rise
The downturn in new home sales in the five largest states in Australia paused in September after two months of falls of 3%, the latest report from the Housing Industry Association (HIA) shows. The monthly survey of the largest volume home... Read more
Property price growth easing across Australia, latest index shows
Residential property prices in Australia fell by 3.5% year on year in October with Sydney, Melbourne, Perth and Darwin all seeing values fall significantly, the latest index data shows. The highest annual fall was 7.4% in Sydney, followed by 4.7%... Read more
New home approvals reach record high in New Zealand
Building consents for town houses, flats, and units have all reached a new record high in New Zealand, the latest official figures to be published shows. A record 6,059 new town houses, flats, and units were consented to be built in the 12 months... Read more
New home building in Australia set to keep rising into 2019, but sales are cooling
The number of new home starts in Australia increased by 3.3% in the 2017/2018 financial year to reach well over 200,000, the latest official figures show. The data from the Australian Bureau of Statistics (ABS) shows that there were 228,480 new... Read more
Property prices fall across Australia, down 2.7% since peak in September 2017
Property values across Australia are down 2.7% since peaking in September last year to $550,610, the latest residential index shows. They also fell by 1.4% quarter on quarter and 0.5% month on month as capital cities and regional markets have... Read more
Property prices in Auckland, New Zealand, rise for first time in six months
Prices in Auckland, New Zealand have increased year on year price for the first time in six months, up 1.4% to $852,000, the latest national index figures show. Overall, median house prices for the nation as a whole increased 3.6% in the 12... Read more
Prices and sales set to continue increasing in Hong Kong over the near term
Residential property price and rents are expected to continue to increase in Hong Kong in the short term, according to the latest survey report. Overall, headline price inflation over the past three months has remained near cyclical highs and in... Read more
Building activity in New Zealand picked up in second quarter of 2018
Total building activity volumes increased by 0.8% in the second quarter of 2018 in New Zealand, recovering from a decline in the first three months of the year, official figures show. This rise reversed a 0.8% fall in the first quarter of the... Read more
More new homes being built in Auckland, but fewer across New Zealand as a whole
The number of new homes consented in Auckland in New Zealand increased by 28% in the 12 months to July 2018, the latest official data shows. They numbered 12,845 new homes, the second highest number of new homes consented for a year in Auckland... Read more