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- In September 2023, average costs surpassed the earlier peak set in September 2014, and this upward trajectory endured through the ultimate quarter regardless of a dip in off-plan transactions.
- The Real Estate Institute of Australia has described Labor’s proposed adjustments to adverse gearing and capital features tax as “dangerous”.
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- A healthy housing market often has four to five months supply; in November, the nation had a 3.3 month supply of homes, based on the National Association of Realtors.
Despite the financial uncertainties and fluctuations within the job market, the fundamental need for housing, coupled with the rising inhabitants, suggests a sustained demand within the residential sector. It fell globally initially, on the end of 2022 and the start of 2023, and then prices began to bounce back over the previous three or 4 Real Estate News months in most markets. And I suppose one of the drivers in residential markets was the fact that you had a scarcity of inventory in the market as a end result of lots of people on fixed- fee mortgages didn’t need to lose those fixed-rate deals they were on.