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…
As many young Australians struggle to enter the housing market, research shows the “bank of mum and dad” is often called on to help. But what kind of financial support are parents willing to offer their kids? And how has that changed over time? That’s what our recent survey of 1,725 Australian parents – mostly…
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…
As Australia’s housing markets charge through spring, we’re seeing a fascinating contrast emerge – while the broader economy shows early signs of easing, the property markets are powering ahead. The most recent Australia Bureau of Statistics data shows that unemployment ticked higher to 4.5% which is a new cycle high, and employment growth slipped to…
Spring has sprung, and so has the Adelaide property market. After a period of steady movement, the latest data shows a significant surge in momentum, positioning Adelaide as a standout performer. The strong buyer demand coupled with tight supply is creating ideal conditions for sellers and driving solid value growth across the city. Let’s dive…
Not long ago, it was clear-cut: building new just didn’t make financial sense. As Nerida Conisbee, Ray White’s Chief Economist pointed out back in December 2023, “construction costs had dramatically outpaced house price growth, making it cheaper to buy an established home than build new.” At that time, the numbers were stark. Capital city house…
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…
As we head deeper into the spring selling season, the numbers are painting a clear picture of strong growth and intense demand. Let’s break down the key insights for Perth. Perth’s Property Values Continue to Climb Perth is once again at the forefront of home value growth among the major Australian capital cities. The momentum…
Most property investors are wondering when the next rate cut is coming. Since the latest CPI figures came in slightly higher than most economists expected, our 4 major banks to revise their cash rate forecasts. Three banks expect just one more cut in the cycle. Westpac is now the outlier, still forecasting three further cash…
The spring selling season has well and truly sprung in Brisbane, and the latest data reveals our city is not just warming up; it’s running hot. As the broader Australian property market gathers impressive momentum, Brisbane has firmly positioned itself as a frontrunner, posting some of the strongest growth seen across the nation’s capitals. The…
