Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. Their November ‘Chart of the Month’ looks at vacancy rates compared with the pre-COVID five-year average across Australia’s capital cities and regional markets. With rental values rising just 0.2% in October, national…
As I looked back over the last year, I’ve noticed an interesting trend… The media and a number of political parties seem to have property investors in their sights, portraying them as greedy and suggesting they are locking first-home buyers out of the market. In the five decades I have been involved in property, the…
![Adelaide housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/adelaide-270x200.jpg)
Adelaide is showing little signs of losing momentum, with housing values rising a further 1.1% in October, the eighth month in a row where values have risen by more than 1% month on month. The latest rise has added approximately $8,540 to the median dwelling value across the city. The local unit market is driving…
Australia’s housing shortage has reached critical levels with a deficit of over 200,000, and the gap between supply and demand in the housing market is only widening. A recent analysis by independent economist Tarric Brooker sheds light on just how severe the problem has become. On X (formerly Twitter), Brooker provides a realistic picture of…
Sydney’s rental market continues to be in crisis, with extremely low vacancy rates, high rent prices, strong demand, and a rising population keeping the city’s property market in a pressure cooker environment. Here’s a rundown of all the current Sydney rental market trends, and what we can expect to face next. Current rental market trends…
![Melbourne housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
Melbourne’s housing market has recorded seven consecutive months of decline, with the market down a further 0.2% in October, taking values 0.8% lower over the rolling quarter, to be down 1.9% over the past 12 months. The unit sector has been more resilient to the downturn, but not immune. Values across the unit sector have…
![Sydney housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/sydney4-270x200.jpg)
0.1% fall in Sydney home values was the first monthly decline since January of 2023, following a short but sharp 12.4% drop in values between February 2022 and January of 2023. Weaker conditions have been led by the most expensive areas of the market, with a 0.6% fall in upper quartile house values over the…
The spring selling season continues to wind down with end of season activity typically characterised by higher listing numbers, although clearance rates were generally higher than those reported over the previous week. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1487…
![Perth housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
Perth home values rose another 1.4% in October, adding approximately $10,790 to the median value of a dwelling. This was the 22nd month in a row where values have increased, and the 18th straight month where values have risen by more than 1%. Although values are consistently rising, there’s growing evidence that conditions are losing…
The NAB has amended its forecasts for both house prices and interest rates for 2025. Alan Oster, NAB Group Chief Economist explained the bank made a slight adjustment to their property price forecasts for 2024 (which is obviously almost over). Recent data showed prices were a bit softer than the NAB initially expected. But looking…
