The early March auction market continues to report generally steady clearance rates although weekly auction numbers were lower in all capitals with Melbourne in pause mode due to the Labour Day long weekend holiday. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate…
At the end of last year, the headlines screamed of falling migration numbers, but don’t be fooled—this is no breather for Australia’s housing market. If anything, it’s just a reminder of the storm brewing beneath the surface. For the first time since our borders reopened in late 2021, Australia’s annual net overseas migration has fallen…
Nationally, house prices increased by 0.3%, while unit prices increased by 1.1%, resulting in a combined increase of 0.4%. Among capital cities, the average asking price rose by 1.1%, with houses increasing by 1.0% and units increasing by 1.6%. Sydney’s market saw house prices rise by 0.5% while unit prices increased by 0.1%, leading to…
Now that the Reserve Bank has delivered its first rate cut for this cycle everyone is keen to know when the next cut is coming and carefully watching our inflation figures. Well, last week the ABS reported that the monthly consumer price index for January rose 2.5% on a year-over-year basis. Does that mean inflation…
Home prices rose in February after the Reserve Bank cut the official interest rate. CoreLogic’s national Home Value Index posted a 0.3% rise in February, breaking the short and shallow downturn that lasted just three months and dragging the national measure of home values – 0.4% lower. The February rise was subtle but broad-based, with…
National home prices rebounded as interest rates fell in February, lifting 0.40% to hit a new record and reversing the soft start to the year according to the latest PropTrack Home Price Index. February’s bounce has reversed the small price falls seen in recent months, and national prices are now sitting 3.94% above their levels a…
CoreLogic’s national Home Value Index posted a 0.3% rise in February, breaking the short and shallow downturn that lasted just three months and dragging the national measure of home values – 0.4% lower. The February rise was subtle, but broad based, with every capital and ‘rest-of-state region except Darwin (-0.1%) and Regional Victoria (flat) recording…
Exciting news for the Melbourne property market – the Reserve Bank of Australia (RBA) has just announced a reduction in interest rates. This move is expected to spark a wave of new residential property developments and attract a fresh influx of investors, setting the stage for a significant upturn in property prices. So, why are…
For decades, Australians have been told that owning a home is the ultimate financial milestone—the cornerstone of wealth creation and security. But in today’s market, is that dream becoming unattainable for a growing number of first-home buyers? According to Domain’s First Home Buyer Report 2025, the road to homeownership remains steep, despite some marginal improvements…
National house prices have continued to fall into 2025, with February reporting monthly declines for most capitals. The national capital city median house price declined by 0.8% to $1,151,730 over the February quarter compared to the January quarter results, according to the latest data from My Housing Market. The national quarterly house price has now…
