Latest Property News
Asia-Pacific
Record supply of new homes in Australia means prices are falling
A record supply of homes for sale in the residential property market in Australia is helping to east affordability issues as an unprecedented number of new builds enter the market, a new analysis suggests. For most of this century there have been... Read more
First time buyer numbers in Australia at highest level since 2012
The number of first time buyers in Australia increased again in June, reaching its highest level since 2012, according to official figures. The data from the Australian Bureau of Statistics (ABS) has been welcomed as there have been concerns that... Read more
Property price growth slows across Australia, latest index shows
Property prices in capital cities in Australia and in regional areas have fallen over the last three months, the latest national real estate index shows. Nationally prices fell by 0.6% month on month and were down 0.9% over three months and were... Read more
New home sales rise in Australia for the first time this year
New home sales in Australia increased by 2% in June, the first time that values have risen this year, adding to the feeling that the residential market is resilient. However sales were still down 5.3% in the 2017/2018 financial year compared to... Read more
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