The November auction market has commenced with generally higher clearance rates despite most capitals reporting a surge in weekly listings. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1483 74.1% 1231 75.1% 1407 64.5% Melbourne 597 73.8% 1762 69.4% 603…
Have you noticed how many people around you are talking about moving? It seems like every second person is either packing boxes, searching for rentals, or dreaming about upgrading their home. And the data backs this up. According to the latest Muval Index 2025, more Australians than ever are on the move — or at…
Lower interest rates continue to activate capital city housing markets generally with monthly prices growth for both houses and units accelerating over October. The national capital city median house price surged by 1.6% over the October quarter to $1,253,522 compared to the September quarter, according to the latest data from My Housing Market. The October…
Inflation jumped 1.3% in the September quarter, above economists’ and the Reserve Bank’s own expectations. That is likely to rule out a cut in interest rates next week. The Australian Bureau of Statistics today released the consumer price index (CPI), showing headline inflation was almost double the 0.7% increase recorded in the June quarter. Over…
Look up at the gum trees in your backyard and imagine something looking back, not a neighbour, not a cockatoo, but your insurer. Increasingly in Australia, that’s not science fiction. Our insurers are quietly embracing drone technology and aerial imaging to assess properties, spot risks, and in some cases, decide whether you can even get…
Nationally, housing affordability has deteriorated badly since the pandemic. Cotality data shows home values are up 46.8% in the past 5 years. The median dwelling value has gone from 6.4 times, to almost 8 times median household income. Median rent across Australia has reached $672 per week, with rent values up 43.8% in the past…
There’s a lot happening right now in Australia’s property scene — rents are still sky-high, new home building is falling off a cliff, and yet, auction markets are holding remarkably firm. So what’s really going on behind the headlines? Are we finally seeing a turning point in the rental crisis, or is this just the…
Australia’s housing market has kicked into a higher gear, and this time, it’s not just a few cities leading the charge. Across the nation, property values are climbing at a pace we haven’t seen in years, with houses and units both breaking records. According to Dr Nicola Powell, Domain’s Chief of Research and Economics: “Australia’s…
Australia’s property markets are on the move again. After a period of fragmented property price growth and cautious sentiment, recent developments have brought momentum back into the picture. The Reserve Bank of Australia has delivered three interest rate cuts this year lowering the official cash rate to around 3.6% — easing borrowing costs and sparking…
Once a symbol of prestige, a million-dollar price tag is becoming more common as rising values push more Australian suburbs into the seven-figure club. Cotality’s latest Million Dollar Market report analysed 4,844 markets (3,514 houses and 1,330 units) across the country and found that one in three (34.1%) recorded a median house or unit value…
