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Stay updated with valuable insights, landlord resources, market trends, and industry updates from The Gallery Real Estate.
July Property Market Update 2024
Over the past 30 days to 6 August 2024, national weekly asking prices increased by 0.4% for houses and decreased by 0.7% for units.
June Property Market Update 2024
Vacancy rates ease in most regions, while capital city rental prices decline for the first time since April 2020.
May Property Market Update 2024
Vacancy rates marginally increase in April, following seasonal patterns and rental prices experience softening in May.
April Property Market Update 2024
Over the past 30 days to 4 May 2024, national weekly asking prices rose by 0.4% for both houses and units.
March Property Market Update 2024
The housing shortage crisis continues to cause concern with vacancy rates decreasing to 1.0% in February and rental prices continuing to rise in many cities.
February Property Market Update 2024
Vacancy rates decreased sharply in January to 1.1%, rental asking prices continued to rise and February saw a surge in new listing activity.
January Property Market Update 2024
Residential vacancy rates rose slightly in December, with seasonal patterns affecting most areas; rental values increased overall despite more properties entering the market, and property listings dropped in January with a strong start to the auction season expected to boost February’s housing activity.
December Property Market Update 2023
The national residential rental vacancy rate experienced a seasonal stabilisation in November with a marginal increase to 1.1%, while asking prices continue to increase for both houses and units nationwide.
November Property Market Update 2023
National residential rental vacancy rates continue to fall, with October experiencing a 1.0% vacancy, tightening the rental crisis across most capital cities and regional areas. Over the past 30 days, national rental values increased by a combined 1.6%, while combined capital city and national sales asking prices remained steady.
Maximising Rental Returns: Strategies for Australian Property Investors
As a property investor in Australia, your primary goal is often to maximise the rental returns on your investments. Achieving this doesn't just involve setting the highest possible rent; it's a nuanced approach that balances market trends, property presentation, and tenant satisfaction. Here are some strategies to help you boost your rental income effectively.
October Property Market Update 2023
National rental vacancy rates fell for a second consecutive month to 1.1% in September and weekly asking prices rose by 2.6% for houses and decreased -1.7% for units. New listings increased by 2.7% nationally and national asking prices increased by 1.3% for houses and 0.7% for units.
Preparing Your Sydney Investment Property for Summer with The Gallery Real Estate
As summer approaches in Sydney, it's time for landlords to get their investment properties ready for the warmer months. With temperatures rising and tenants looking to stay comfortable, a well-prepared property can make all the difference. Here are some essential tips to ensure your rental property is summer-ready.
Thomas Tamine advises NRL Penrith Panthers, State of Origin star Jarome Luai to buy trophy home in South Penrith.
“Luai’s purchase was advised by boutique estate agent Thomas Tamine, who every now and then works in a buyer’s agency role for NRL players. Mr Tamine recently helped Rabbitohs player Cody Walker buy in Sans Souci. It prompted a grateful Luai to label Mr Tamine “the goat” (greatest of all time).” As seen in:
September Property Market Update 2023
National rental vacancy rates fell to 1.2% in August, putting more pressure on the rental housing market in Australia. A significant increase in listings for sale in September, alongside an increase in asking prices marks the strongest September recorded since 2018.
August Property Market Update 2023
National rental vacancy rates remained steady at 1.3% in July, national rental asking prices increased by 1.9% for houses and 1.4% for units. National total property listings for sale rose in the last 30 days by 2%.
July Property Market Update 2023
Rental vacancy rates experienced an increase to 1.3% in June from 1.2% in May. Across the past 30 days to 4 August 2023 national rental asking prices remained steady, and property prices increased by 1.4%. The number of listings decreased by 4.4% significantly more than the historical seasonal average.
June Property Market Update 2023
Vacancy rates remain steady at 1.2%, National rental asking prices increase marginally by 0.45% over the past 30 days, and property prices decrease by 2%.
May Property Market Update 2023
SQM Research has revealed national residential property rental vacancy rates continued to rise to 1.2% in April 2023, marking the third consecutive monthly rise. Across the past 30 days, national asking rents increased by 0.2%, and national vendor asking prices recorded a second consecutive monthly rise at 2.1%
April Property Market Update 2023
The national residential vacancy rate rose slightly to 1.1% in March from 1.0% recorded in February. Across the capital cities, there has been an increase in vacancies in Brisbane, Perth, and Hobart, while Sydney and Melbourne remained steady. Asking rents have risen across most regional and capital cities, with a decrease seen only in Sydney, Canberra, and Hobart. Over the past 30 days to 2 May 2023, vendor asking prices rose by a combined 0.2% nationally, for the second consecutive monthly rise.
March Property Market Update 2023
SQM Research reported that the nationwide residential rental vacancy rate remained unchanged in February at 1.0% while the number of rental vacancies in Australia slightly increased by 448 dwellings. Over the past 30 days, national asking rents have remained steady with a 0% rise for houses and decreased by -0.4% for units. Residential property listing prices fell by -1.3% nationally over the past 30 days, however, in capital cities the asking price rose by 1.3%