Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
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Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
Australia’s rental market experienced a reacceleration of rental growth over the first quarter of 2024, leading to record-high asking rents, Domain’s latest Rent Report March Quarter 2024 reveals. According to Domain, while Australia’s perilous rental market appears entrenched in a never-ending run of rent rises, a tipping point is still likely to be reached in…
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. National home values rose 1.6% in the March quarter, the largest quarterly increase since the three months to November (1.9%). The shortage of dwelling both for sale and for rent, at a…
Australia’s housing upswing continued through March with the national Home Value Index rising 0.6%, taking the current upswing in housing values through its 14th straight month of growth. Beneath this headline result, our housing markets have been fragmented with diverse performance around the country. While every capital city except Darwin (-0.2%) recorded a rise in…
March recorded a 6.9% increase in nationwide residential property listings, according to the latest data from SQM Research. The total listings now stand at 256,000 properties, an increase from the 239,459 recorded in February 2024. Notably, all major cities experienced an increase in their listings. Over the course of a 12-month period, there are 2.6%…
National home prices hit a new record high in March, lifting 0.34%, according to the latest PropTrack Home Price Index report. That brings prices up 1.57% so far this year to sit 6.79% above March 2023 levels. Ms Eleanor Creagh, Senior Economist at PropTrack commented: “The home price upswing persisted in March, and prices reached…
National housing markets have consolidated the growth recorded over the previous month with a generalised surge in home prices reported over the March quarter, well ahead of the February quarter results. According to the latest data from My Housing Market, the national capital city median house price increased sharply by 2.7% to $1,125,923 in the…