![Melbourne housing market update [video] | February 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
Melbourne home values recorded a 10th straight month of decline in January, down 0.6% to be 3.3% lower over the past 12 months. Since peaking in March of 2022, Melbourne home values have now fallen by a cumulative 6.9% or approximately 58,000 in dollar terms. The 2% in values over the past three months is…
Now that the RBA has cut the cash rate for the first time in 5 years what does this mean for our housing markets? In this round table discussion I’m joined by Dr. Andrew Wilson and Brett Warren as we discuss what to expect next, when the next rate cut may occur and which market…
![Australian housing market update [CoreLogic’s video] | February 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/10/House-business-section-analysis-270x200.jpg)
As we enter February 2025, dwelling values across Australia remain steady, with a softer trend of housing conditions persisting. National dwelling values saw a 0.2% fall in capital cities, while regional markets continued to thrive, with values rising 0.4% across the capitals. Sydney’s housing market has recorded a fourth straight month of declining values, with…
After the most aggressive rate hiking cycle on record, the RBA has reduced the cash rate from a thirteen-year high of 4.35% to 4.1%. With annualised 6-month core inflation around the middle of the RBA’s 2-3% target range, the easing in cost-of-living pressures was a key factor behind the RBA’s decision to cut rates. Australia…
With an election coming up in the next couple of months, we’re in for some interesting times. The Labor government announced that it will introduce a two-year ban on the purchase of established homes by foreign investors, in the hopes of easing pressure on the housing market. Interestingly when Opposition Leader Peter Dutton announced a…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. Regional property values continue to outpace their capital city counterparts, demonstrating “remarkable resilience” in a challenging market, according to CoreLogic’s Housing Chart Pack for February. The latest data shows capital city values…
February home auction markets have continued to report relatively impressive early-season results, with Sydney and Melbourne again leading the capitals with listings and clearance rates on the rise. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1042 78.8% 785 76.8% 715…
Over the past month leading up to 12 February 2025, rental prices across Australia’s capital city asking rents recorded sharp rises after a period of moderation in 2024. In Sydney, combined rents increased by 1.4% to $841 per week, driven by a 1.9% rise in unit rents. Melbourne saw a 1.7% increase, with combined rents…
Sure, there’s been a lot of talk about the challenges being experienced by First Home Buyers (FHBs) but the latest Mortgage Insights Report by Money.com.au reveals groundbreaking trends in the September 2024 quarter, highlighting their growing influence and adaptability. From Victoria’s record-breaking loan growth to the surge of “rentvesting,” FHBs are proving they’re anything but…
While house price markets have remained flat over the month of January, capital city rental markets tightened with higher rents and lower vacancy rates. In today’s Property Insider chat I discuss the latest My Housing Market rental report with Dr. Andrew Wilson, as well as talking about the upcoming RBA interest rate decision, what’s happening…
