![Brisbane housing market update [video] | July 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/brisbane-270x200.jpg)
Brisbane dwelling values have continued to rise at a solid pace, up 1.2% in June, which is on par with the previous two months. In dollar terms, dwelling values are rising by just over $10,000 a month. Brisbane house prices graph The unit sector is showing substantially stronger growth conditions with values up 10.3% through the…
![Perth housing market update [video] | July 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg "Perth housing market update [video] | July 2024")
Perth is showing little evidence of a slowdown, recording a 2% rise in values in June and a 23.6% increase in the last financial year. The annual gain is the equivalent of values rising by almost $145,000. Despite persistently strong growth conditions, Perth dwelling values remain relatively low compared with the eastern capitals. Extremely low…
![Australian housing market update [CoreLogic’s video] | July 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/10/House-business-section-analysis-270x200.jpg "Can you claim previous renovations?")
Australian dwelling values increased a further 0.7% in June, taking growth to 8% across the 2023-2024 financial year, the equivalent of a $59,000 increase in the median value. In that year, annual growth was way down by a 7.5% drop in values in the nine months following the May 2022 cash rate hike. Despite…
If you want to understand what’s happening in our housing markets around Australia Domain have just released their latest house price report. Combined capital house and unit prices experienced another quarter of gains, marking the sixth consecutive rise for houses and the fifth for units, and reaching new records. Here’s a summary of the Domain…
New unemployment figures paint an uncertain picture for borrowers, businesses, and investors, but one key question continues to confound many commentators: Why isn’t our jobless rate higher? For the five years before the pandemic, Australia’s national unemployment rate ranged between 5 and 6 per cent. It spiked to 7.5% in mid-2020 but has been between…
The Australian rental market for housing appears to have eased over June 2024 with a rise in the number of vacant rental properties across the nation. The number of rental vacancies rose by 4,845 dwellings to stand at 40,486 vacant rental dwellings, representing a vacancy rate of 1.3%. Sydney recorded a rental vacancy rate of…
June 2024 recorded a dramatic 8.3% decrease in nationwide residential property listings, bringing the total to 231,799 properties, down from the 252,757 recorded in May 2024, according to data from SQM Research. Notably, all major cities experienced a decrease in their listings from the end of the financial year affected month. Following on from the…
The winter chills are driving temperatures lower across the country, but the thermometer is not the only thing that has been dropping. CoreLogic’s daily home value index has seen a marked easing in the rolling four-week change, with national values rising just 0.5% over the four weeks to 18th July, down from a 0.7% rise…
Auction results were mixed at the weekend as the lengthy winter school holidays finally came to an end for all capitals although listing numbers generally remained well ahead of the same time last year. Auction results around Australia (July 20th 2024): Capital City This Saturday Last Saturday Saturday Last Year Auctions Rate Auctions Rate Auctions…
Foreign buyers are back in force with activity climbing 27%, according to the latest Foreign Buyer report. The Treasury has just released its latest data, detailing the activity of non-resident property purchasers across Australia for FY2022–23. Foreign buyers spent $4.9 billion on 5,360 properties which is a substantial rise from the previous year. Alongside a…
