Australia’s population growth has long been a defining factor in shaping the nation’s economic, social, and cultural landscapes. Believe it or not, our population is now almost 27.5 million, and we’re fast heading to 30 million people with… One birth every 1 minute and 48 seconds. One death every 2 minutes and 48 seconds. One person arrives to live in Australia every 0…
Over the past month leading up to November 12, 2024, rental prices across Australia’s capital city asking rents displayed varied trends, according to SQM Research’s Weekly Rents Index. In Sydney, combined rents decreased by 0.1% to $836.98, indicating that the rental market remains relatively stable. Melbourne combined rents fell by 0.2% to $627.09, hinting at…
Western Australia (WA) continues to lead growth in owner-occupier loans, while Queensland (QLD) has become the second-largest market for investor loans, surpassing Victoria. Money.com.au’s latest Mortgage Insights report highlighted some interesting trends that reflect shifting buyer preferences, tax advantages, and affordability considerations across different states. National loan growth insights The average new loan size 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…
Nationally, the asking prices for houses and units reflect contrasting trends. House prices have risen by 0.9%, while unit prices have slightly declined by 0.5%, resulting in a modest overall increase of 0.7%. Across all capital cities, the average asking price recorded a 0.9% increase, with house prices up by 1.3% and unit prices dramatically…
CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year. The subtle positive movement was supported by the mid-sized capitals, led by Perth with a 1.4% rise over the month, offsetting declines in Darwin (-1.0%), Canberra (-0.3%), Melbourne (- 0.2%)…
National home prices were higher over October with unit price growth resuming after the fall reported over the previous month. The national capital city median house price increased again by 0.3% to $1,154,359 over the October quarter compared to the September quarter results, according to the latest data from My Housing Market. The national quarterly…
In Australia, the dream of homeownership has become increasingly elusive. With skyrocketing property prices, the affordability crisis is a topic on everyone’s lips. Politicians, media outlets, and everyday Australians frequently keep debating how to make housing more affordable. But is it really as simple as some suggest? Now, before you think I’m a rich property…
We are currently witnessing what could be described as the greatest wealth transfer in modern history. As the baby boomer generation begins to age, a massive amount of wealth is being transferred to the subsequent generations. Over the next decade, this generation, who rode a wave of economic prosperity for decades, is forecast to pass…
Cheaper homes don’t make for more homes. The contradiction at the heart of our housing challenge right now is that more supply is needed to help housing values come down. In reality, though, the residential construction sector is still struggling to deliver housing with a reasonable profit margin. For private sector developers and builders, arguably…
