In a striking shift that highlights how dynamic Australia’s property markets can be, Perth’s median home value has overtaken Melbourne’s for the first time in over a decade. According to the latest PropTrack Home Price Index (May 2025), Perth’s median now sits at $787,000, nudging past Melbourne’s $782,000 , a reversal of what many considered…
It’s been a surprisingly lively early-winter week in real estate. Despite the chill in the air, there’s heat in the housing sector, with auction clearance rates staying robust, buyer sentiment turning more positive, and employment figures continuing to impress. During the week, the Australian Bureau of Statistics reported that the Australia’s housing market just hit…
If you bought a property in inner Melbourne in the early 1980s, you likely had no idea you were stepping onto a launching pad for multi-generational wealth. Back then, homes in suburbs like Fitzroy, Carlton or Northcote were affordable, not cheap, but within reach of ordinary Australians. Today? Those same homes are worth well over…
Australia’s property market is expected to continue growing in price over the next 12 months, according to the latest Domain forecast, with capital city house prices expected to rise around 6% and unit prices by 5%. Lower borrowing costs, government incentives for first home buyers, rising incomes, and a continued undersupply of housing will support this…
It’s official – again. Australian capital cities, particularly Sydney and Melbourne, are among the most unaffordable places to buy a home anywhere in the world. A new global housing affordability survey has ranked Sydney as the second least affordable city globally (just behind Hong Kong), with Melbourne not far behind at number four. That’s the…
We’re in a challenging environment for property investors and homebuyers — interest rates are still relatively high, living costs are biting, and many long-term investors are finding themselves “asset rich but cash poor.” So, when a lender comes out offering a 10-year interest-only (IO) home loan, it naturally raises a few eyebrows, and some important…
Another quarter, another ABS population update. But this isn’t just a bunch of numbers. It’s the story of where our nation is heading—and how smart investors can use this knowledge to get ahead. ABS reported: Australia’s population was 27,400,013 people at 31 December 2024. The quarterly growth was 91,133 people (0.3%). The annual growth was…
Early winter auction markets have produced more positive results for sellers, as the impact of recent interest rate cuts continues to support market confidence. The reviving Melbourne market also continues to track above 70% clearance rates. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions…
![Perth housing market update [video] | June 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
While the national housing market is finding its feet after a few interest rate cuts, Perth continues to carve its own path. Perth’s property values are still on an impressive run. In May, we saw a solid 0.7% rise in dwelling values. While Darwin took the top spot this month, Perth came in as the second-strongest…
Cotality’s latest Pain & Gain report shows 86,000 dwellings resold across Australia in the March quarter of 2025. The analysis revealed that 94.9% of property resales in the March 2025 quarter delivered a profit, and total gross resale profits reached $31.7 billion. The results reflect a housing market in transition, with profitability poised to rise…
