Economic updates

The price of real estate in Australia is a hot topic at the moment, and is something that is never far from the headlines.

According to recent research commissioned by the Property Council of Australia, more than you may have previously thought.

The recent announcement to hold the cash rate at its historic low of two per cent was expected across the industry and welcomed with enthusiasm.

The Property Council of Australia recently announced that record levels of construction across the country are expected to continue throughout the 2016 financial year.

In a month not normally regarded as one for all time records, we saw the Ray White Group’s total exceed $4 billion, something that came totally out of left field.

Ray White’s June result of just missing $3.8 billion almost broke the record, set just the previous month, of $4 billion.

While the expectations of economic expansion over the past year have not quite been met by reality, there is still growth happening in financial markets and real estate in Australia.

Other than its beaches, Queensland is a state that's generally known for its mineral-rich natural environment. However, recent research has shown it's the construction and property industries that are making a name for this sunny Australian state. 

A new report from CommSec has found that Western Australia is currently the country's best-performing state, which signals a strong area for commercial and residential real estate investors. 

Parramatta's already strong economy is set to improve over the years, after a new master plan was announced to revitalise the city and turn it into a more attractive place to live and work.

Parts of Melbourne are set to see a rise in available housing and land supply, as the state government has announced the release of 50,000 land lots. 

A massive upgrade of a dairy manufacturing plant in East Melbourne may provide a positive injection to the economy and boost the demand for real estate in Melbourne.