The median sale price is one of the most common methods used by investors to track property values and assess their changes over time. But today I’d like to explain why it can often be a misleading measure. According to data providers Australian Property Monitors, one of the best-performing suburbs in Australia during 2015 was…
Property prices in popular school zones across Australia have outperformed by as much as 10%. Domain’s latest School Zones Report reveals that property prices in almost half of Australia’s primary and secondary school zones have outperformed the house price growth of the suburb they are located in. The data shows that parents are willing to pay a…
Home prices have lifted in March according to PropTrack who believe the end of interest rate rises are in sight. Proptrack Senior Economist Eleanor Creagh explained that limited supply, along with strong migration and higher rents, are underpinning property values. The Australian housing market has experienced significant changes in recent times, with home prices exhibiting…
You can’t escape the headlines that remind us property markets around Australia are in the adjustment phase of the cycle where prices are falling. So, is this the leg-up first home buyers so desperately need, to get themselves onto the property ladder at last? Is it the perfect time to trade up from your current…
The number of suburbs where it’s cheaper to buy than rent has been slashed in the past year, due to a record number of rate hikes that have outpaced skyrocketing rents. CoreLogic’s analysis of 3,904 house and unit markets nationally found for houses, just 9.1% of suburbs were cheaper to buy than rent, down from…
Although Australia ranks as the sixth largest country globally, its population density is just 3.3 individuals per square kilometre, making it one of the least densely populated countries in the world. Despite the vast land area available, the majority of the population clusters along the eastern seaboard and prefers living in smaller properties near major…
Tight supply, rising interest rates, and reduced borrowing capacity dampened Australia’s property market in 2022, with prices falling from their pandemic-induced peaks. Prospective sellers have been sitting on the sidelines, delaying decisions to see how high inflation and rising interest rates will affect the market. But Domain’s latest house price report shows that while property…
Australia is known for its vast land and open spaces, but in recent years, the size of blocks of land available for residential development has been shrinking. This trend is particularly evident in urban areas, where the demand for housing is high and the land is scarce. The shrinking size of blocks has significant implications…
There are many large and powerful institutions that have a vested interest in rising property prices. But all levels of government (i.e., federal, state and local) probably have the most to gain, as I’ll explain in this blog. This leads to two important observations. Firstly, the government is the main contributor to housing affordability pressures…
Australia’s property market boomed during the height of the Covid-19 pandemic through 2020-early 2022, driven by ultra-low borrowing rates and high demand. But the Reserve Bank’s swift and continuous cash rate hikes this year have dented demand, pushing many would-be buyers off the table at a time when the supply of properties was rising. Despite…