Australia’s rental market continues to display nuanced dynamics, with capital cities diverging in performance over the past week. According to SQM Research’s Weekly Rents Index, national combined rents declined modestly to $645.44, while annual gains held firm at 3.3%. The standout performer was Darwin, where combined rents jumped over 1.0% week-on-week and soared nearly 14%…
Sydney’s property values have continued their upward trajectory, recording a 1.1% rise through the June quarter. This welcome growth added just over $13,000 to the city’s median dwelling value, a significant turnaround from the 1.4% decline seen in the final quarter of 2024. For the first half of the year, Sydney home values have increased…
The Reserve Bank surprised many this month by leaving interest rates on hold at 3.85%—a decision that caught most commentators off guard. But not everyone was surprised. Dr. Andrew Wilson, Chief Economist at My Housing Market, was one of the few voices predicting the RBA would sit tight. And as we’ve seen, he was right….
After a period of stagnation, the Melbourne property market is showing clear signs of a comeback. Dwelling values rose for a second consecutive quarter, climbing 1.1% over the three months to June, a welcome turnaround after three straight quarters of decline. Melbourne’s property values have found their footing. A 0.5% rise in June capped off a positive quarter,…
The Reserve Bank of Australia’s decision to keep interest rates unchanged despite easing inflation is unlikely to impact the property market. In fact, auction clearance rates were very strong this weekend, showing the depth of buyer demand. The market is expecting further interest rate falls, considering Australia’s economic growth has slowed, with consumer spending, business…
The WA capital is once again capturing headlines. After a brief period of negative change late last year, the Perth property market has re-ignited, showing a significant acceleration in the pace of capital gains. Perth’s housing market demonstrated renewed strength in June, with the monthly rate of growth climbing to 0.8%. This positive momentum has…
Where is the Australian property market heading? With so much noise and confusion in the media, it’s hard to make sense of what’s really happening. Every week, headlines scream conflicting messages — some warn of falling house prices, others claim we’re in the midst of another boom. But savvy investors know the truth lies not…
In May this year, the median house value across Brisbane surpassed $1 million for the first time on record – pushing the city into the exclusive million- dollar club alongside Sydney. The median house value hit $1,006,000 in May, up from $996,000 in the previous month and $942,000 a year prior. In June, house values…
The Australian housing market has continued its steady recovery, marking a fifth consecutive month of growth. National dwelling values climbed by 0.6% in June, a trend fueled by recent interest rate cuts and growing consumer certainty. The positive momentum is widespread, with nearly every broad region in Australia recording monthly gains. The first interest rate…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from Cotality (formerly CoreLogic) paints an interesting picture. Almost 45% of all suburbs across Australia are now at a record high in value, according to Cotality. The suburb-level analysis reveals the broad-based nature of the current housing upswing,…