National home prices increased by 0.04% in September, according to the PropTrack Home Price Index with price growth slowing as more homes are listed for sale, providing greater choice for buyers. Ms Eleanor Creagh, PropTrack’s Senior Economist said that the upswing in Australia’s home prices has persisted into the spring selling season, with national prices…
Dwelling values increased a modest 0.4% in the first month of spring, broadly in line with the monthly change in July and August at 0.3% as momentum continues to leave the market. Nationally, housing values rose 1.0% in the September quarter, the lowest rise in the national Home Value Index (HVI) over a rolling three-month…
National house prices increased again over September although unit prices were lower over the month. The national capital city median house price increased by 0.3% to $1,149,547 over the September quarter compared to the August quarter, according to the latest data from My Housing Market. The national quarterly house price has now increased over 19…
Capital city auction markets produced more positive results overall at the weekend despite the distractions of the AFL Grand Final and the commencement of the spring holiday period. Auction results around Australia (September 28th 2024): Capital City This Saturday Last Saturday Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1167 69.7% 1004 70.7%…
A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%. The dip below 3% puts the monthly measure of annual inflation back within the Reserve Bank’s target band of 2-3% for the first time since August 2021. The longer-running quarterly measure of annual inflation…
In a decision that was almost universally expected, the RBA kept the cash rate on hold at 4.35% at the September meeting. With the US recently dropping their cash rate target by 50 basis points last week, alongside earlier cuts from the UK, Canada, NZ, China and the EU (among others), the RBA’s decision to…
The Reserve Bank is set to keep the cash rate on hold at the end of its meeting on Tuesday, 24th September. This will mean Australia will have a cash rate of 4.35% for a full 12 months, with the next board meeting not until 4-5 November 2024. The market is, however, still divided on…
What do you look for when you go househunting? As the Spring selling season heats up, Domain has unveiled fresh data revealing the ‘priceless’ features that Australian families are prioritising when choosing a home. And it seems, forget the old bank of mum and dad; today, it’s all about the babysitting perks and family support…
![Adelaide housing market update [video] | September 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/adelaide-270x200.jpg)
Adelaide dwelling values increased by a further 1.4% in August, taking the market 14.9% higher over the past twelve months and adding just over $114,000 to the median dwelling value over the year. Despite worsening affordability constraints, there’s little sign that the value growth is slowing amid extremely low supply levels, where listings remain almost…
![Perth housing market update [video] | September 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
The Perth housing market continues to run its own race, with values up 2% in August, adding approximately $15,100 to the median dwelling value over the month, with values up 24.4% on an annual basis. This is the strongest annual growth trend in Perth since the twelve months ending February 2007. An ongoing shortage of…
