Page 4 - Nerida Conisbee News Today

Property experts warn Australia lags the 1.2 million new homes target, agreed by governments to address the shortage of accommodation which has sent rents skyrocketing.  

Property experts reveal hidden gems and growth areas

The dream of buying a home in Sydney is still alive and well, according to real estate insiders - but you have to know where to look.

The heat is coming out of last year’s surprise housing recovery, with the pace of price growth tipped to halve, held back by affordability constraints.

Perth has been hot for property investors but will the trend continue in 2024? Three experts have revealed what’s on the horizon for homes across Australia.

Seven parties competed for the renovated residence with a pool and landscaped gardens, as buyers chased turnkey properties on the last auction weekend of 2023.

The couple muscled out two other bidders to win the keys to the home at auction, all who wanted to buy near some of Melbourne’s most sought-after schools.

Adding a second dwelling can improve re-sale value, and there are more than half-a-million properties with granny flat potential in Sydney, Melbourne and Brisbane.

Clearance rates are starting to drop, but buyers are still chasing homes in a bid to get deals done before the end of the year.

Brickworks managing director Lindsay Partridge has called for Australia to bring in 400,000 tradies a year to solve the housing supply crisis.