The Australian housing market has continued its steady recovery, notching up a sixth consecutive month of growth in July. The latest data from Cotality paints a picture of a market delicately balanced between powerful tailwinds and significant headwinds. However, sky-high prices and affordability constraints are acting as a handbrake, keeping the pace of growth modest…
Australia’s property market is waking up, and it looks like it’s gearing up for a supercharged Spring. The latest Domain Market Insights for August reveal that after a quieter winter, buyers are back in force, auction activity is surging, and stock levels are tightening across the combined capitals. Dr. Nicola Powell, Domain’s Chief of Research…
Auction numbers have surged over the early weeks of spring, with strong clearance rates remaining steady despite more choices for buyers. This weekend’s auction results around Australia: Capital City This Week Last Week Same Week Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 989 77.1% 966 79.7% 908 69.2% Melbourne 1184 73.4% 1076 74.4%…
Remember when owning a home was considered a rite of passage? A marker of stability and success? Today, for many Australians, that milestone feels more like a distant fantasy than a realistic goal. What was once seen as the cornerstone of financial security has become an uphill battle, with soaring property prices, stricter lending rules,…
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. The fast-tracked expansion of the federal government’s Home Guarantee Scheme, effective from October 1, is set to significantly increase the range of suburbs available to first home buyers, according to…
First home buyers in Sydney, Melbourne and Brisbane are set to benefit from a major shake-up to federal housing policy, with expanded access to the 5% deposit scheme arriving three months ahead of schedule. From October, the federal government’s expanded First Home Buyer Guarantee will kick in, allowing eligible buyers to purchase a property with…
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 — most recently lowering the official cash rate to around 3.6% — easing borrowing…
If you’ve ever felt that everyone around you seems to be a millionaire these days, you’re not imagining things. According to the latest UBS Global Wealth Report and reported by ABC news, Australia now boasts one of the highest concentrations of millionaires in the world, and much of that wealth is tied directly to property….
Median house prices could soar by up to $154,000 by the end of 2026 as buyers pile in over the next year at a time of limited supply. Sydney’s median house price could jump by more than $150,000 over the next 15 months. Melbourne’s median house price may climb past the $1 million mark. Perth,…
There’s a quiet but powerful shift happening in the Australian economy, and it’s not getting the attention it deserves. More than half of Australian voters now rely on government support for their primary income. Whether it’s through public sector wages, welfare payments, disability support, childcare subsidies, or aged care funding, over 50% of voters are…
