A new apartment complex planned for Oxford Street in Bondi Junction should be a textbook example of smart city development. Sixteen storeys of housing, right next to a train line and bus routes, within walking distance of Centennial Park, Bondi Beach, shops, jobs, schools, and even the harbour. On a site currently occupied by a…
The Australian housing market has continued its steady recovery, notching up a sixth consecutive month of growth in July. The latest data from Cotality paints a picture of a market delicately balanced between powerful tailwinds and significant headwinds. However, sky-high prices and affordability constraints are acting as a handbrake, keeping the pace of growth modest…
Australia’s property market is waking up, and it looks like it’s gearing up for a supercharged Spring. The latest Domain Market Insights for August reveal that after a quieter winter, buyers are back in force, auction activity is surging, and stock levels are tightening across the combined capitals. Dr. Nicola Powell, Domain’s Chief of Research…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from Cotality (formerly CoreLogic) paints an interesting picture. The fast-tracked expansion of the federal government’s Home Guarantee Scheme, effective from October 1, is set to significantly increase the range of suburbs available to first home buyers, according to…
First home buyers in Sydney, Melbourne and Brisbane are set to benefit from a major shake-up to federal housing policy, with expanded access to the 5% deposit scheme arriving three months ahead of schedule. From October, the federal government’s expanded First Home Buyer Guarantee will kick in, allowing eligible buyers to purchase a property with…
If you’ve ever felt that everyone around you seems to be a millionaire these days, you’re not imagining things. According to the latest UBS Global Wealth Report and reported by ABC news, Australia now boasts one of the highest concentrations of millionaires in the world, and much of that wealth is tied directly to property….
Median house prices could soar by up to $154,000 by the end of 2026 as buyers pile in over the next year at a time of limited supply. Sydney’s median house price could jump by more than $150,000 over the next 15 months. Melbourne’s median house price may climb past the $1 million mark. Perth,…
There’s a quiet but powerful shift happening in the Australian economy, and it’s not getting the attention it deserves. More than half of Australian voters now rely on government support for their primary income. Whether it’s through public sector wages, welfare payments, disability support, childcare subsidies, or aged care funding, over 50% of voters are…
For years, stamp duty has been the elephant in the room when we talk about housing affordability and economic reform. Everyone knows it’s a problem; economists, buyers, sellers, and investors alike. Yet, despite endless reviews and repeated calls for reform, we’re still stuck with a tax that almost no one is willing to defend. Dr…
National home prices rose 0.5% in August, marking the eighth consecutive month of growth and taking home values to a fresh record high, according to PropTrack. PropTrack data shows that national home prices lifted in August, rising 0.5% to a new record high. This marks eight straight months of growth as the housing market gains…
