44 stories from 3 sources
The month in Australian Real Estate
Longest running story: 27 days
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The housing market weakened across the month, moving from a deepening national correction to declining auctions, further price falls, and a six-year-low clearance rate. Expected rate hikes added pressure to already slowing activity.
Large projects continued to advance even as the housing market weakened. Construction began on the Goldfields wellness-led residential project and the Birtinya masterplan, while Devcore’s Rowan Village gained approval.
Property activity outside housing took the form of individual commercial transactions and office-market absorption. The month included a Melbourne office supply update alongside sales of a fast-food asset and a cold-storage facility.
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