The Reserve Bank surprised many this month by leaving interest rates on hold at 3.85%—a decision that caught most commentators off guard. But not everyone was surprised. Dr. Andrew Wilson, Chief Economist at My Housing Market, was one of the few voices predicting the RBA would sit tight. And as we’ve seen, he was right….
![Melbourne housing market update [video] | July 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
After a period of stagnation, the Melbourne property market is showing clear signs of a comeback. Dwelling values rose for a second consecutive quarter, climbing 1.1% over the three months to June, a welcome turnaround after three straight quarters of decline. Melbourne’s property values have found their footing. A 0.5% rise in June capped off a positive quarter,…
The Reserve Bank of Australia’s decision to keep interest rates unchanged despite easing inflation is unlikely to impact the property market. In fact, auction clearance rates were very strong this weekend, showing the depth of buyer demand. The market is expecting further interest rate falls, considering Australia’s economic growth has slowed, with consumer spending, business…
![Perth housing market update [video] | July 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
The WA capital is once again capturing headlines. After a brief period of negative change late last year, the Perth property market has re-ignited, showing a significant acceleration in the pace of capital gains. Perth’s housing market demonstrated renewed strength in June, with the monthly rate of growth climbing to 0.8%. This positive momentum has…
Where is the Australian property market heading? With so much noise and confusion in the media, it’s hard to make sense of what’s really happening. Every week, headlines scream conflicting messages — some warn of falling house prices, others claim we’re in the midst of another boom. But savvy investors know the truth lies not…
In May this year, the median house value across Brisbane surpassed $1 million for the first time on record – pushing the city into the exclusive million- dollar club alongside Sydney. The median house value hit $1,006,000 in May, up from $996,000 in the previous month and $942,000 a year prior. In June, house values…
The Australian housing market has continued its steady recovery, marking a fifth consecutive month of growth. National dwelling values climbed by 0.6% in June, a trend fueled by recent interest rate cuts and growing consumer certainty. The positive momentum is widespread, with nearly every broad region in Australia recording monthly gains. The first interest rate…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from Cotality (formerly CoreLogic) paints an interesting picture. Almost 45% of all suburbs across Australia are now at a record high in value, according to Cotality. The suburb-level analysis reveals the broad-based nature of the current housing upswing,…
Most capital city home auction markets have continued to report strong auction results over the past week despite the distractions of school holidays. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 546 80.1% 645 77.7% 560 70.2% Melbourne 616 72.8%…
Rental price rises in most major capitals are either stalling or seeing their slowest growth in years, according to the latest Domain Rental Report. This is the first time since 2019 that house rents across the combined capitals have remained stable for four consecutive quarters, signalling a clear turning point in the rental cycle. Domain’s…
