National dwelling values rose 1.1% over January, up from the results seen in December (1.0%). This uptick was almost entirely driven by the lower density sector with national house values increasing 1.3% in January, up from 1.2% in December, while unit value growth slowed from 0.4% to 0.3%. Despite this, both houses and units recorded…
Greater Brisbane house prices have risen at the fastest pace in almost 18 years and are set to surpass $800,000 over the next quarter as momentum continues to build. Domain’s latest house price report showed that… Brisbane house and unit prices are at new record highs. Brisbane house prices reached a new record high at…
Melbourne house and unit price growth gained momentum over the December quarter as buyer and seller activity rebounded post lockdown. Domain’s latest house price report showed that… Melbourne House and unit prices are at new record highs. House prices reached a new record high at $1.1 million, after the strongest annual gain since 2010, at…
Can property prices really keep rising considering where they are today? And how much are property prices likely to fall once this cycle comes to an end? These are some of the questions Brett Warren and I are going to discuss in today’s podcast To do this we are going to look back at history…
Over the past year, house prices have grown at the third-fastest rate in Australia’s history. PropTrack economist Paul Ryan wrote in the Australian that the 22% rate of growth seen across our capital cities this year, was the third-fastest in history, next to the records achieved in the 1980s and 1950s. Understanding past episodes of…
While most real estate investors worry about the value of their properties today, particularly in light of our flat and falling property markets, in my mind a much better question is “where will property prices be 25 years from now?” And the good news is that, believe it or not, the median house price in Sydney could be over…
Australian property values are seeing a slowdown in the monthly rate of growth. This trend is expected to carry into 2022, as affordability constraints rise, mortgage rates bottom out, and a higher number of new listings takes some pressure off market conditions. Since the monthly rate of growth in Australian dwellings peaked in March 2021…
This month, the ABS posted a 2.2% annual increase in the Australian wage price index (WPI). The WPI measures changes in the ‘price’ of wages and salaries over time, meaning it accounts for changes in the quality and quantity of work done. The 2.2% uplift represents wages growth getting back to pre-pandemic levels and is…
Despite booming property markets around Australia, there are some suburbs bucking the trend, with house prices falling by almost 13 per cent in some postcodes over the past year, according to Domain’s latest House Price Report. Not surprisingly, some of the biggest house price falls were in Melbourne where which was lockdown for longer than…
House prices in some of Australia’s more popular school catchment areas have soared by as much as 46% over the past 12 months. Parents are paying a premium for homes in locations that make their children eligible for enrolment in high-performing or popular government schools according to the 2021 School Zone Report by Domain Group. Domain’s…