Capital city home rental vacancy rates generally tightened over August with most remaining at historically low levels. Despite low and tightening vacancy rates, rents for both houses and units however were mostly lower over the month. Hobart was the only capital to report higher monthly house rents, rising sharply by 2.4%. Perth rents were steady…
Australia’s economy expanded by 0.4% in the June quarter, with spending growth driven by record sales of imported electric vehicles. For the year to June, gross domestic product (GDP) grew by 2.1%, according to the Australian Bureau of Statistics, slightly stronger than market expectations. The bureau noted overall growth remained subdued, with spending growth and…
Australia’s housing market has clearly entered a downturn, and prices are likely to fall further in some markets. Higher interest rates have reduced borrowing capacity, confidence has weakened and the Federal Budget has changed the investment equation for established residential property. Sydney and Melbourne are already recording meaningful declines, transaction volumes have fallen sharply and…
Australian home prices fell for a fifth consecutive month in August, according to the latest PropTrack Home Price Index Report, as higher interest rates continued to weigh on borrowing capacities and housing demand. Data shows that national home prices declined 0.2% over the month and are now 2.7% below their March 2026 peak. Despite the…
Home value declines spread sharply across Australia’s housing market through winter, with home values falling across 93% of capital city suburbs and every capital city except Darwin recording a decline over the past three months. Cotality’s national Home Value Index fell 0.9% in August, marking a fifth consecutive month of decline and taking national home…
Does it feel like your money isn’t working as hard as it used to? Costs are up, growth has stalled, and the “just wait and it’ll go up” strategy has gone quiet – you’re not imagining it. We may not be staring down a repeat of the 1970s, but we are living through the same…
If you only looked at today’s monthly housing costs, it would be easy to conclude that buying a home in Australia no longer makes financial sense. After all, new research from Compare the Market shows that in every Australian capital city except Darwin, renting is cheaper than buying, and in some cities the difference is…
As the weather starts to warm, green shoots typically begin to emerge in the property market. The spring and summer season historically sees vendor activity rise, with a surge in new listings and an increase in auction volumes following the winter lull, particularly in the southern states. This spring could prove to be cooler than…
For most people who buy a home, a mortgage represents the single largest debt they will take on in their lives. But what happens if the market value of a property you’ve bought falls below the amount you still owe on your home loan? This situation is called “negative equity”. In Australia, decades of house…
Australians are increasingly voting with their feet when it comes to choosing a home loan, with a growing number of borrowers turning to non-bank lenders. A non-bank lender provides credit products, like home loans, but doesn’t hold an authorised deposit-taking institution (ADI) licence, meaning it can’t take customer deposits. According to Money.com.au analysis of the latest…
