If you want to understand what’s happening in our housing markets around Australia Domain have just released their latest house price report. Combined capital house and unit prices experienced another quarter of gains, marking the sixth consecutive rise for houses and the fifth for units, and reaching new records. Here’s a summary of the Domain…
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June 2024 recorded a dramatic 8.3% decrease in nationwide residential property listings, bringing the total to 231,799 properties, down from the 252,757 recorded in May 2024, according to data from SQM Research. Notably, all major cities experienced a decrease in their listings from the end of the financial year affected month. Following on from the…
Over the past few years, the Australian property market has seen a pronounced disparity in price growth between houses and units. Historically, houses have always commanded higher prices and demonstrated superior value growth compared to units. Data from the last four years confirms this trend overwhelmingly. However, recent developments indicate that this gap may be…
I received a question from a reader asking what would make a superior investment. An apartment in a blue-chip location, or a house for the same price albeit not in a blue-chip suburb. Will houses always deliver better returns? In general, houses often prove to be superior investments, mainly due to their higher land value…
Be careful – observing the change in median property prices may not be as useful as you think. So here are the main things you need to understand before you draw any conclusions from the regularly reported changes in median prices. How is the median house price calculated? The median house price is essentially the…
Home prices have surged in recent years, mortgage rates have climbed, and household incomes haven’t kept pace. As a result, housing affordability has plummeted to its worst level in at least three decades. Despite a dire shortage of homes, the delivery of much-needed new homes has faced significant obstacles. Labour shortages, disrupted supply chains, and…
In some of Melbourne’s prestigious eastern suburbs, units are fetching higher prices than typical homes. This trend is fueled by demand from downsizers seeking high-specification yet low-maintenance living, alongside families who find houses financially out of reach. Recent data from Domain reveals that the median prices in the four most expensive suburbs for units exceed…
Australian dwelling values increased a further 0.7% in June, taking growth to 8.0% across the 2023-24 financial year. However, beneath these headline numbers, we are seeing multi-speed conditions with the mid-sized capitals continuing to lead the pace of growth, especially Perth where values surged another 2.0%, Adelaide increased 1.7% and Brisbane was up 1.2%. These…
What’s the outlook for the Australian property markets for the rest of 2024? Have interest rates peaked now and when will they start coming down or will the RBA raise rates again in 2024 because of stubbornly high inflation? Will affordability issues cause a round of distressed sales and price falls or even a property…
Rising home prices remained a feature of most capital city housing markets over the June quarter although there was a clear divergence in results. The national capital city median house price again increased by 0.2% to $1,137,767 over the June quarter compared to the May quarter, according to the latest data from My Housing Market….