Auction results were generally steady this week although Melbourne and Sydney continue to produce the best results. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 834 73.9% 899 74.6% 1130 75.3% Melbourne 1156 69.5% 1157 69.4% 1570 64.1% Brisbane 172 40.2%…
A little-known change by the Australian Taxation Office (ATO) has put property sellers at risk of having 15% of their sale price withheld, a mistake that could cost over $122,000 for the average property owner. Since January 1, 2025, anyone selling property in Australia must obtain a clearance certificate before settlement. If they fail to…
![Perth housing market update [video] | March 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
he Perth housing market is starting to show some cracks in the growth trend, with values rising by a relatively small 0.3%. Earlier growth readings have revised lower, with Perth values now rising by just 0.3% in total over the past three months. Weaker conditions are more concentrated around the upper quartile of the market,…
![Adelaide housing market update [video] | March 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/adelaide-270x200.jpg)
The 0.3% rise in Adelaide dwelling values was the 23rd straight month of growth, but it was also one of the smallest in the growth cycle to date, a reminder that momentum is leaving the upswing as affordability challenges become more pressing and population growth winds down. The trend has been favouring more affordable housing…
Australian home sellers enjoyed record-high rates of profitability and dollar value returns over the December quarter, according to CoreLogic’s latest Pain & Gain report. The report, based on data from the December quarter of 2024, analysed 95,300 resales over the period, showing the median nominal gain of $306,000 reached a series high since the series…
![Brisbane housing market update [video] | March 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/brisbane-270x200.jpg)
Brisbane housing values moved through a 25th month of consistent growth in February, but the 0.2% monthly gain was one of the smallest of the cycle to date. The rise was mostly supported by a 0.7% lift in unit values, while Brisbane house values were unchanged over the month. Similarly, the upper quartile of the…
Housing affordability has long been an issue in Australia, but a new report makes it clear, we’re in uncharted territory. The new report, Priced Out: An Index of Affordable Rentals for Australian Voters (2025), published by Everybody’s Home, reveals a rental crisis that’s no longer just affecting low-income earners. Today, even middle-income Australians, nurses, teachers, police…
![Sydney housing market update [video] | February 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/sydney4-270x200.jpg)
Sydney housing values edged 0.3% higher in February. The rise was a little stronger for houses up 0.3% than units at 0.2% and was also more noticeable across the upper quartile of the market where values rose by a larger 0.4% in February compared with just a 0.1% rise across lower quartile values. The lift…
In this week’s Property Insiders chat, Dr Andrew Wilson, chief economist of My Housing Market, discusses some updates on certain drivers of inflation, including the price of oil, the cost of construction of new homes and rentals. He also shares the top-performing regional markets around Australia, state by state, and as always, we have an…
It’s been two years of interest rate hikes, rising cost-of-living pressures, and constant warnings about mortgage stress. And yet, Australian homeowners are proving more resilient than many expected. The latest data from APRA’s Quarterly Property Exposure Statistics shows that offset account balances have surged to record highs, while mortgage defaults have fallen for the first…
