The numbers that drive our future
Record numbers moving to the strip of south-east Queensland continue to push house and unit prices up, according to economist Nerida Conisbee.
Economists say resilient labour market figures will mean the cash rate is likely to stay at 4.35 per cent until next year.
Australian homes have reached $11 trillion for the first time - but the speed of growth is slowing, according to latest CoreLogic data.
Analysts are forecasting a busy October and a surge in November as a mixed bag of influences come into play for the spring selling season.
Over the next 10 years, demand for housing is expected to benefit from a combination of population growth of 3.9 million and employment growth of 2.6 million with income rising by $36,000.
The Reserve Bank is warning a looming cap on international students could affect economic growth, as a parliamentary report examining the proposal was delayed.
While pessimism still dominates, consumer sentiment read is the best since the RBA interest rate tightening phase began two and a half years ago.
Eight of the country’s top economists on when they think the RBA will make a change to the cash rate.
There are currently 2,007 capital city homes scheduled for auction, up 9.3% on last week when 1,836 homes were taken to auction, but substantially down on the same time last year when that figure stood 2,446.
Demand for houses heading towards the $20 million mark is strong, with local buyers and upgraders the most active in the prestige residential market, a new CBRE survey shows.
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