Adelaide housing values rose 0.8% in November, a strong result but the second month in a row where the monthly gain has been less than 1%. The market is clearly losing momentum as listings rise, they’re up 25% since the end of winter, and affordability constraints become more pressing. The strongest conditions are skewed towards the…
Australian home sellers continue to see rising rates of profitability and dollar value returns despite slowing market conditions, declining capital growth and lower clearance rates. CoreLogic’s latest Pain & Gain report (September Quarter 2024) analysed 95,000 resales over the period, showing the median nominal gain reached a series high of $295,000 since the series started in…
Why are we blaming international students for Australia’s housing crisis? In recent years, as housing affordability has worsened across Australia, international students have been thrust into the spotlight as a scapegoat. It’s an argument that’s tempting in its simplicity: more students mean more demand, which pushes up rents. But the reality? It’s a lot more…
Perth is continuing to lead the capital cities for the rate of growth in housing values, with the market up another 1.1% in October, adding approximately $8,460 to the median dwelling value over the month alone. Although the pace of growth remains strong, the quarterly trend has more than halved since the June quarter, from…
In this “Big Picture” episode of my podcast I get together with leading financial commentator Pete Wargent, who brings decades of perspective to his views, and we discuss the clues in the news as to what’s ahead for our economy and the property markets. Today we discuss the amended outlook for interest rates and what…
Australia’s middle class is no longer the robust backbone it once was. Over the past few decades, it has been hollowed out, squeezed by economic forces, structural changes, and policy decisions. What was once a bell curve society—dominated by a thriving middle class—is now becoming a U-shaped structure, with more people slipping into the lower…
Why are so many Australians left without a place to call home? The latest homelessness data released by the Australian Institute of Health and Welfare (AIHW) paints a stark picture of an issue that’s no longer confined to society’s most vulnerable—it’s unfortunately becoming a crisis for everyday Australians. Over 280,100 Australians sought help from specialist…
Brisbane’s housing market has continued to rise in value through November, with the monthly change holding at 0.6% over the past three months, which is half the rate of growth recorded a year ago. Although values are rising, growth conditions are slowing as affordability constraints bite and listing numbers rise up 5.6% compared with the…
Have you ever seen pictures or video footage of people who were in “shock” following some type of horrible accident? In most of these pictures/videos, the individuals all look like zombies. They are uncommunicative, unresponsive, and appear to be oblivious to the people who are trying to communicate with them. Their very consciousness seems to be…
With values flattening in September and falling in October and November by 0.2%, it looks like Sydney’s housing cycle has turned. The two consecutive months of decline follow a 16% rise in values since the cycle commenced in February last year. City houses are driving the weaker outcome with values down 0.8% over the past…