The late-February home auction market has provided steady results over the past week despite a surge in listings and a rate cut from the RBA – the first since 2020. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1218 75.6% 1042…
![Perth housing market update [video] | February 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
After a period of spectacular but unsustainable growth in home values, Perth’s property boom has eased sharply with a rise of just 0.4% in January. Over the past three months, values are up 1%, well down on the 7.1% gain recorded over the June quarter last year. The slowdown in value growth has been accompanied…
![Sydney housing market update [video] | February 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/sydney4-270x200.jpg)
Sydney’s housing market moved through a fourth straight month of declining values, with the market down 0.4% in January to be 1.7% below the record high set in September last year. House values have fallen more substantially than units, down 1.9% and 1.2% respectively from their peak levels. The weaker conditions coincide with higher advertised…
![Melbourne housing market update [video] | February 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
Melbourne home values recorded a 10th straight month of decline in January, down 0.6% to be 3.3% lower over the past 12 months. Since peaking in March of 2022, Melbourne home values have now fallen by a cumulative 6.9% or approximately 58,000 in dollar terms. The 2% in values over the past three months is…
Now that the RBA has cut the cash rate for the first time in 5 years what does this mean for our housing markets? In this round table discussion I’m joined by Dr. Andrew Wilson and Brett Warren as we discuss what to expect next, when the next rate cut may occur and which market…
![Australian housing market update [CoreLogic’s video] | February 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/10/House-business-section-analysis-270x200.jpg)
As we enter February 2025, dwelling values across Australia remain steady, with a softer trend of housing conditions persisting. National dwelling values saw a 0.2% fall in capital cities, while regional markets continued to thrive, with values rising 0.4% across the capitals. Sydney’s housing market has recorded a fourth straight month of declining values, with…
After the most aggressive rate hiking cycle on record, the RBA has reduced the cash rate from a thirteen-year high of 4.35% to 4.1%. With annualised 6-month core inflation around the middle of the RBA’s 2-3% target range, the easing in cost-of-living pressures was a key factor behind the RBA’s decision to cut rates. Australia…
With an election coming up in the next couple of months, we’re in for some interesting times. The Labor government announced that it will introduce a two-year ban on the purchase of established homes by foreign investors, in the hopes of easing pressure on the housing market. Interestingly when Opposition Leader Peter Dutton announced a…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. Regional property values continue to outpace their capital city counterparts, demonstrating “remarkable resilience” in a challenging market, according to CoreLogic’s Housing Chart Pack for February. The latest data shows capital city values…
Over the past month leading up to 12 February 2025, rental prices across Australia’s capital city asking rents recorded sharp rises after a period of moderation in 2024. In Sydney, combined rents increased by 1.4% to $841 per week, driven by a 1.9% rise in unit rents. Melbourne saw a 1.7% increase, with combined rents…
