National home prices rose 0.5% in September, extending the upswing to a ninth straight month and lifting values 6.2% higher than a year ago, according to PropTrack. PropTrack data shows that the housing market remains on a firm upward trajectory this spring selling season. National home prices rose 0.5% in September, extending the upswing to…
If you’ve noticed that “musty” smell lingering in homes or apartments this winter, you’re not imagining it. Mould is quietly becoming one of the biggest hidden risks to property and health in Australia, Airtasker data reported on realestate.com showed that Sydney and Darwin topped the tally sheet of the nation’s mouldiest cities, with 92.48 out…
Australian housing markets are gathering strength as we head further into spring, with September marking the strongest monthly gain for national dwelling values since October 2023. The Cotality Home Value Index (HVI) recorded a 0.8% increase in September, powered by robust growth conditions across the capital cities, where values rose 0.9% over the month. On…
After cutting interest rates by 75 basis points since February, the RBA has chosen the cautious path at the September board meeting, keeping the cash rate at 3.6%. The decision was widely expected, after the monthly inflation indicator hinted at some ‘upside’ risk to the inflation trajectory, especially from housing costs. However, the RBA is…
Lower interest rates continue to fuel capital city housing markets, with price growth for both houses and units accelerating again over September. The national capital city median house price increased by 1.1% over the September quarter to $1,232,063 compared to the August quarter, according to the latest data from My Housing Market. The September result…
For generations, owning a home has been a deeply personal milestone in Australia: the great Australian dream. But today, we’re seeing a new twist on that dream, particularly among Gen Z homeowners. For them, property isn’t just about shelter or status. It’s about opportunity. A recent Great Southern Bank report reveals that younger Australians are…
Australia’s property market is full of contradictions. While affordability remains one of the biggest challenges facing buyers, the so-called “affordable end” of the market is actually outperforming. Australia’s most affordable housing is experiencing significantly stronger price growth than typical properties, according to Nerida Conisbee, Chief Economist at Ray White. The trend is consistent across most…
Don’t expect a rate cut any time soon. The latest CPI figures have put a pin in that. The monthly Consumer Price Index (CPI) indicator rose 3.0% in August, up from 2.8% in the previous month, to the highest level since July 2024. This figure suggests there is meaningfully more inflation pressure in the domestic…
You’ve probably heard the headlines – immigration is surging, our cities are bursting, and no one can find a place to live. This has led to demonstrations, heated debates, and plenty of finger-pointing. But when we strip away the emotions, the numbers tell a different story. The latest figures from the ABS suggest that Australia’s…
The total value of residential dwellings in Australia rose by $213.8 billion to $11,564.0 billion in the June quarter, according to the ABS. The number of residential dwellings rose by 53,600 to 11,373,900. The mean price of residential dwellings rose by $14,100 to $1,016,700. This latest increase means that over the last 5 years the…
