![Sydney housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/sydney4-270x200.jpg)
0.1% fall in Sydney home values was the first monthly decline since January of 2023, following a short but sharp 12.4% drop in values between February 2022 and January of 2023. Weaker conditions have been led by the most expensive areas of the market, with a 0.6% fall in upper quartile house values over the…
The spring selling season continues to wind down with end of season activity typically characterised by higher listing numbers, although clearance rates were generally higher than those reported over the previous week. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1487…
![Perth housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
Perth home values rose another 1.4% in October, adding approximately $10,790 to the median value of a dwelling. This was the 22nd month in a row where values have increased, and the 18th straight month where values have risen by more than 1%. Although values are consistently rising, there’s growing evidence that conditions are losing…
The NAB has amended its forecasts for both house prices and interest rates for 2025. Alan Oster, NAB Group Chief Economist explained the bank made a slight adjustment to their property price forecasts for 2024 (which is obviously almost over). Recent data showed prices were a bit softer than the NAB initially expected. But looking…
![Australian housing market update [CoreLogic’s video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/10/House-business-section-analysis-270x200.jpg)
As we delve into the national housing market trends for November 2024, it’s crucial to understand the broader picture and the regional variations that shape the landscape. The housing market has been experiencing significant shifts, influenced by various economic and social factors. The annual growth trend in the housing market has continued to soften, with…
New research from CoreLogic Australia unpacks the dynamics of investor buying and selling. The report looks at whether investors are being turned off the property market, whether there are more investors in the market, or whether both can be true. New investor loans are up a strong 18.8% nationally, far outpacing the volume of investment…
The NAB has changed its rate cut forecast from February 2025 to May 2025. This comes after the latest unemployment rate came in steady at 4.1% for October. Even though this was widely expected, it does challenge the RBA’s forecast track of the unemployment rate increasing to 4.3% in Q4 2024. The NAB believes that…
Over the past month leading up to November 12, 2024, rental prices across Australia’s capital city asking rents displayed varied trends, according to SQM Research’s Weekly Rents Index. In Sydney, combined rents decreased by 0.1% to $836.98, indicating that the rental market remains relatively stable. Melbourne combined rents fell by 0.2% to $627.09, hinting at…
While the Reserve Bank of Australia has kept rates on hold yet again, the big question is—how much longer will this last? And more importantly, when might we see the next rate cut? With the local economy sending mixed signals, it seems that many economists are finding it increasingly difficult to predict the RBA’s next…
Western Australia (WA) continues to lead growth in owner-occupier loans, while Queensland (QLD) has become the second-largest market for investor loans, surpassing Victoria. Money.com.au’s latest Mortgage Insights report highlighted some interesting trends that reflect shifting buyer preferences, tax advantages, and affordability considerations across different states. National loan growth insights The average new loan size in…
