National home prices rose 0.4% in June, pushing values to a record high, according to the latest PropTrack Home Price Index. As interest rates have fallen, price momentum has strengthened and extended across the country, with all markets recording gains in June. Ms Eleanor Creagh, Senior Economist at PropTrack commented: “Capital city markets are leading the upturn,…
Every time housing affordability hits the headlines—as it has again this year with surging rents and limited supply—someone inevitably points the finger at property investors. And lately, there’s been a particular focus on short-term rentals, like those listed on Airbnb, Stayz and other holiday letting platforms. It’s a neat narrative: investors are allegedly hoarding homes…
What’s really happening with property prices right now? Every month, investors, homeowners, and would-be buyers turn to the latest median property price data, hoping to make sense of what’s happening in our housing markets. And while the numbers give us important clues, they don’t tell the full story. Australia’s property markets are being pulled in…
Australian housing values rose by 0.6% in June, marking a fifth straight month of growth following the -0.3% dip seen between November and January. Monthly gains were recorded across almost every broad region of Australia, with Hobart (-0.2%), the only capital city or rest-of-state region to see a month-on-month fall. The June quarter saw national…
If you’ve been following the Australian property market over the years, you’ll know that once upon a time, a $1 million price tag on a house was a badge of exclusivity. It meant prestige, prime location, and a level of luxury that few could attain. But today that price point has become surprisingly common across…
National home prices have surged over June, reflecting the significant impact of RBA interest rate cuts in February and May on affordability and market confidence. The national capital city median house price was up strongly by 1.0% over the June quarter to $1,198,912 compared to the May quarter, according to the latest data from My…
For decades, Sydney and Melbourne have dominated the conversation when it comes to property investment in Australia. They’ve been the go-to markets for capital growth, perceived as safe, stable, and predictably lucrative. But the Australian Property Institute (API) has just released its inaugural Valuation Report, and it turns that long-held belief on its head. This…
We’ve all been watching interest rates rise steadily over the last couple of years. Sure, they’re on the way down now, but many homeowners are still feeling the pressure and there’s a group that’s been hit especially hard: new mortgage holders. A recent analysis by PropTrack has put some eye-watering numbers behind what we already…
While mortgage arrears have risen from record lows, the portion of borrowers falling behind on their repayments remains well below 2% of the Australian loan book. APRA data measuring the proportion of borrowers who are overdue or impaired on their mortgage repayments ticked slightly higher through the March quarter, from 1.64% in Q4 2024 to 1.68%…
Home auction markets ended June with clearance rates strengthening across-the-board as Sydney, Melbourne and Adelaide approach boom-time results. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 721 76.0% 725 75.7% 766 71.3% Melbourne 889 77.3% 867 71.0% 886 63.4% Brisbane…
