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49 stories · Page 4 of 5
SASouth Australia
The Reserve Bank has lowered the cash rate to 4.10 per cent, with South Australian lenders moving to pass on the reduction to variable-rate home loan customers.
1 min read
WAWestern Australia
A record 37 Perth suburbs crossed a $1 million median house price in 2024, Peppermint Grove became the first to pass $5 million, and a $25 million riverside home in Mosman Park was the city's most expensive sale.
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VICVictoria
CoreLogic's year-end figures showed Melbourne home values down 3 per cent over 2024 while Perth, Adelaide and Brisbane posted double-digit gains, leaving Victoria's capital among the cheaper cities in the country.
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ACTAustralian Capital Territory
The report records a 2.3 per cent monthly rise in combined asking rents, alongside an October vacancy rate of 1.7 per cent.
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VICVictoria
From 21 October 2024, anyone buying an apartment, unit or townhouse off the plan in Victoria could deduct construction costs when calculating stamp duty, with price caps removed, in a 12-month stimulus aimed at getting stalled projects moving.
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NTNorthern Territory
The new Country Liberal Party government has set 1 October 2024 as the start date for grants of up to $50,000 for first home buyers and $30,000 for other buyers building new homes, with no price cap.
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TASTasmania
From the new financial year, eligible first home buyers pay no transfer duty on existing homes valued up to $750,000, with refunds backdated to February. The First Home Owner Grant for new builds falls to $10,000 on the same day.
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ACTAustralian Capital Territory
Ahead of the 2024–25 Territory Budget, the ACT Government expanded its Home Buyer Concession Scheme, offering full stamp duty relief on the first $1 million of a home’s value to far more Canberrans.
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SASouth Australia
The 2024–25 State Budget removes the $650,000 value cap on first home buyer relief for new builds, so eligible buyers pay no stamp duty at any price.
3 min read
QLDQueensland
CoreLogic's May 2024 figures put Brisbane's median dwelling value above Canberra and Melbourne for the first time since 1997, capping a pandemic-era run in which its values grew more than five times as fast as Melbourne's.
2 min read
NTNorthern Territory
SQM Research recorded a fall in Darwin’s vacancy rate to 1.1 per cent in April, followed by a sharp rise in asking rents over the month to 12 May.
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WAWestern Australia
The 2024-25 State Budget raised the duty-free threshold for first home buyers to $450,000 and extended the concession to homes worth up to $600,000, as Perth's surging prices left the old limits behind.
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