Australia’s housing market has kicked into a higher gear, and this time, it’s not just a few cities leading the charge. Across the nation, property values are climbing at a pace we haven’t seen in years, with houses and units both breaking records. According to Dr Nicola Powell, Domain’s Chief of Research and Economics: “Australia’s…
Once a symbol of prestige, a million-dollar price tag is becoming more common as rising values push more Australian suburbs into the seven-figure club. Cotality’s latest Million Dollar Market report analysed 4,844 markets (3,514 houses and 1,330 units) across the country and found that one in three (34.1%) recorded a median house or unit value…
As many young Australians struggle to enter the housing market, research shows the “bank of mum and dad” is often called on to help. But what kind of financial support are parents willing to offer their kids? And how has that changed over time? That’s what our recent survey of 1,725 Australian parents – mostly…
Not long ago, it was clear-cut: building new just didn’t make financial sense. As Nerida Conisbee, Ray White’s Chief Economist pointed out back in December 2023, “construction costs had dramatically outpaced house price growth, making it cheaper to buy an established home than build new.” At that time, the numbers were stark. Capital city house…
If you’re involved in a property transaction, you shouldn’t have to worry about scammers circling like sharks. Yet new research from PEXA has revealed something deeply concerning: 97% of Australians who recently bought or intend to buy a property failed to spot the warning signs of a settlement scam. Think about that. Almost everyone thinks…
There’s something about spring that breathes new life into the property market. As the weather warms and gardens come alive, so too does buyer and seller activity. And this year, the start of spring has truly delivered. According to Domain’s Market Insights report for September, auction clearance rates have climbed to their highest levels since…
The federal government is exploring ways to unlock billions of dollars from Australia’s $4 trillion superannuation system to help boost rental housing supply. At first glance, this looks like a win-win solution: more capital flowing into the housing sector, more stock built, and a step toward easing the chronic rental shortage. But as is often…
A recent report has claimed that Australia is drifting towards becoming a “homeowners’ welfare state.” It’s a provocative headline, but is it really the full story? Yes, it’s true that tax settings and government policies have long favoured homeownership, but rather than seeing this as a handout, we should recognise it as a deliberate choice…
Australia’s rental market is seeing renewed strength as national vacancy rates reach a new record-low, according to Cotality’s latest Quarterly Rental Review. Cotality’s seasonally adjusted Rental Value Index saw national dwelling rents post a 1.4% rise in Q3, its largest three-month increase since June 2024, and a significant uptick from the 1.1% lift recorded in…
If a picture paints a thousand words, then this collection of charts should do a pretty good job of painting the landscape as it affects our economy and our property markets. Each month the RBA summarises macroeconomic and financial market trends in Australia by providing a detailed chart pack. World Economy Australia’s economy doesn’t operate in…
