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Our housing system is broken and the poorest Australians are being hardest hit Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed that low-income Australians are facing a housing crisis like never before. In fact, if you rely on the Youth Allowance, there is not a single rental property across Australia you can afford this...
https://propertyupdate.com.au/....our-housing-system-i


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The shifting rental landscape in Australia There's a noticeable shift in the Australian rental market with high income earners squeezing lower income earners in the rental market,  according to a paper by the Australian Housing and Urban Research Institute (AHURI). Higher-income earners, those making $140,000 and above per year in 2021, grew from 8% of the private rental market in 1996...
https://propertyupdate.com.au/....the-shifting-rental-


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Home price upturn leads national prices to a new peak in March | Latest Proptrack Report National home prices have cycled through 16 months of consecutive growth after lifting 0.23% to hit a new record in April, according to the latest PropTrack Home Price Index Report. Prices are now 6.60% above April 2023 levels. Ms Eleanor Creagh, Senior Economist at PropTrack commented: “National home prices hit a new record in April,...
https://propertyupdate.com.au/....latest-proptrack-hom


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Latest property price forecasts for 2024 revealed. What’s ahead in our housing markets in the next year or two? What's the outlook for the Australian property markets for the rest of 2024?  Have interest rates really peaked now and when will they start coming down or will the RBA raise rates again in 2024? Will affordability issues cause a round of distressed sales and prices to fall or even a property market crash in...
https://propertyupdate.com.au/....australian-property-


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Rental supply is on the rise in these areas Australia’s rental market is in crisis with vacancy rates at all-time lows, slim rental stock and skyrocketing prices. But there are some areas bucking the trend. New PropTrack data shows that in some regions, the availability of rental properties is actually increasing. Could this be a sign that our rental crisis is turning a corner?...
https://propertyupdate.com.au/....rental-supply-is-on-


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