The Perth housing market continues to run its own race, with values up 2% in August, adding approximately $15,100 to the median dwelling value over the month, with values up 24.4% on an annual basis. This is the strongest annual growth trend in Perth since the twelve months ending February 2007. An ongoing shortage of…
In today’s show, we discuss Domain’s latest Profit and Loss Report with Dr. Nicola Powell, the Chief of Research and Economics at Domain. In this detailed look at the current state of the property market across the country, we explore the key findings from the report, dive into regional disparities, and discuss the impact of…
Over the past 30 days leading up to the 12th of September 2024, the capital city asking rents experienced varied changes. Brisbane and Perth also saw declines, with Brisbane’s combined rents falling by 0.8%, Perth’s falling by 0.5%. Hobart and Canberra also showed a decrease of 0.6% and 1.2% respectively, where Canberra’s combined rents fall…
Brisbane dwelling values were up a further 1.1% in August, adding approximately $9,200 to the median dwelling value. Although the pace of capital gains remains significant, the Brisbane housing market is losing some momentum, with the quarterly pace of capital gains slowing from 4.5% a year ago to the current rate of 2.9%. Brisbane house…
As we transition out of winter, the rental markets around Australia are showing some intriguing trends. Despite tightening vacancy rates across our capital cities, we’re seeing a general easing in rental prices, offering a slight reprieve for tenants. To understand what’s really going on, in my weekly Property Insiders chat with Dr Andrew Wilson, Chief…
The pace of growth across the Sydney housing market has remained in positive territory for the 19th consecutive month, with values up 0.3% in August adding approximately $3,800 to the median dwelling value. Although values are rising, the pace of growth has lost a lot of momentum since moving through a cyclical high in May…
There are two opposing storylines circulating in media about Australian real estate ownership. One storyline the media loves running is that the Great Australian Dream is dead and that young Australian adults can no longer afford to buy homes. The other one, revealed whenever the Australian Bureau of Statistics releases official data on real estate…
The pace of value growth continued to cool through the final month of winter, with CoreLogic’s national home value index rising by 0.5%. Change in house prices, 12 months to September 2024: Source: CoreLogic At a high level, there’s still more demand for housing than available supply, but the flow of advertised supply and demand…
Top economists are unanimous in believing Australia’s housing market is in crisis. Offered a choice of 14 measures identified by the Economic Society of Australia as likely to restrain prices for buyers and renters, none of the 49 leading economists polled picked: “Do nothing, the market will determine appropriate prices”. The economists chosen for the…
Are you wondering what’s ahead for the Sydney property market for the rest of 2024? Well…Sydney’s home values will continue to increase, although a little more slowly than they did in 2023. The surge in properties for sale in Sydney hasn’t yet slowed demand, with prices rising 0.3% in July and 5.6% over the past…