There is no doubt that our housing markets are facing challenges from all directions, but clearly they have remained more resilient than the property pessimists had predicted. To better understand what’s happening, this monthly collection of charts from Cotality paints an interesting picture. According to Cotality, home values across Australia’s combined capital cities fell for the…
Capital city home rental markets have generally tightened over October with lower vacancy rates following the easing of rates reported over previous months. House and unit rents however remained relatively steady over the month. Darwin was the only capital to report higher house rents over the month – up by 3.3%. Hobart, Canberra and Sydney…
While most of Australia’s big capitals are sliding quickly, Melbourne is easing down at a noticeably slower pace. Home values fell 0.8% in October, roughly half the rate of Sydney and well below Brisbane, Perth and Adelaide. That relative calm comes with an important caveat. Melbourne values remain 8.2% below their March 2022 record and…
Why do some people work hard for decades yet never become financially secure, while others steadily build wealth, opportunities and choices? It is tempting to put the difference down to income, intelligence, luck or even the investment assets they choose. Yet my guest today is Tom Corley, has spent years studying wealthy people, and his…
Have you ever considered how much of your life disappears simply getting from one place to another? For many Australians, commuting has become such an accepted part of everyday life that we rarely stop to calculate its true cost. Someone travelling 45 minutes each way to work spends around 345 hours commuting over a typical…
Every so often, a housing market forecast comes along that deserves a second look. Not because it is necessarily wrong, but because the comparison being made is rather extraordinary. Last weekend, I read commentary suggesting Australia could be facing its worst housing downturn since the Great Depression. Really? Take a beat. I have spent much…
The property market is confused, with the finger of blame pointed straight at the Reserve Bank. Investors and owners are asking why the RBA won’t cut interest rates, and why the Bank is even thinking of raising borrowing costs while housing prices continue to fall. The answer is that the RBA is not concerned about…
Sydney home values fell another 1.6% in October, the eighth consecutive monthly decline, and the city now holds an uncomfortable title: the largest fall from peak of any capital. Values are 10.1% below their February 2026 high, and the annual change has slid to -9.4%. Perhaps more telling is the five-year view. Sydney values are…
Australia’s rental markets are tightening again, even though October’s asking rents offered tenants a little breathing space in several capitals. Meanwhile, another interest rate increase is adding to household pressures, with the Reserve Bank warning that inflation will take longer to return to target. Yet the weekend’s auction results were reasonably steady, and Melbourne once…
Australia’s housing downturn has picked up speed. National home values fell another 1.2% in October, the seventh consecutive monthly decline, leaving Cotality’s national index 6.7% below its March peak. In dollar terms, roughly $63,000 has been shaved off the value of the average Australian home in a little over half a year. What makes this…
