This week in the property market, there are 2,845 properties scheduled for auctions across Australia, with New South Wales having 1,025 auctions, Victoria hosting 1,087 auctions, and other states participating as well. The most viewed properties include a four-bedroom home in Balmain, a property in Glen Iris, Queensland, a cottage in South Australia, and a large but dilapidated home in Western Australia. Additionally, the top-viewed property on the Rea Group website is in Adelaide. The market is showing strong buyer demand and seller confidence, with government housing packages aimed at addressing housing shortages. However, it may take some time for these measures to significantly impact the market due to ongoing demand and population growth.
Sure, here are the key facts extracted from the provided text:
1. There are 2,845 properties scheduled for auctions across the property market.
2. New South Wales will host 1,025 auctions, with 883 of them in Sydney.
3. Victoria will host 1,087 auctions, mostly in Melbourne.
4. Queensland will hold 436 auctions, with about half in Brisbane.
5. South Australia has 190 auctions scheduled, all in Adelaide.
6. Western Australia, Tasmania, and the Northern Territory will hold a total of 25 auctions.
7. The ACT will host 82 auctions.
8. The top property in New South Wales going to auction is located on Henry Street Balmain.
9. The top property in Victoria is on Netherley Street Glen Iris.
10. The top property in Queensland is on Lay Street Upper Mount Gravatt.
11. The top property in South Australia is on Gladstone Road Mile End.
12. The top property in Western Australia is on McLeod Road Applecross in Perth.
13. The most viewed property on the Rea Group website is on Eaton Street Malvern in Adelaide.
14. The New South Wales budget includes a 2.2 billion housing package.
15. The Victorian government also has a housing package.
16. The housing measures aim to address various aspects of the housing market, including planning, infrastructure, and social housing.
17. Seller confidence has increased in the second half of the year due to rising property prices.
18. Interest rates have remained steady in the last three months.
19. Buyer demand remains strong despite higher interest rates.
20. The housing shortage is expected to continue for some time due to strong population growth and other factors.
21. Capital city prices have outperformed regional areas this year.
These are the key facts from the text, without including any opinions.