Australia’s housing market has become harder for first-home buyers to access over time. The past two decades saw an increase of around 150% in the CoreLogic Home Value Index nationally, compared with an 82% rise in the ABS Wage Price Index. As a result, the wealth of property owners looking to buy their next home…
National vacancy rates have held steady at 1.0%, unchanged from February 2024 and down slightly from March 2023. The total number of rental vacancies Australia-wide now stands at 31,356 residential properties. Perth and Adelaide continue to record the tightest rental markets across our capital cities with each city recording a rental vacancy rate of just…
![Dr. Andrew Wilson Decodes the Property News: Find Out What’s Really Coming! | Property Insiders [Video]](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/05/AdobeStock_141193813-270x200.jpeg)
Just as last year – 2023 – defied the forecasts of economists and news media, delivering solid price growth around Australia, it looks like this year – 2024 – is going to surprise many of those who made forecasts earlier this year. Our housing markets finished the first quarter of the year generally much stronger…
![Perth housing market update [video] | April 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
Despite all the challenges thrown at them, our housing market has kept rising for 15 months in a row now. Not only have house prices risen strongly, but so have rents. And there seems to be no relief in sight for tenants. The chronic housing shortage is being exacerbated by low building approval levels and immigration…
![Brisbane housing market update [video] | April 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/brisbane-270x200.jpg)
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
![Sydney housing market update [video] | April 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/sydney4-270x200.jpg)
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
Weekend auction markets have reported more solid to strong results generally despite the distractions of school holidays now underway in all capitals. Auction results around Australia, Saturday April 13th 2024: Capital City This Saturday Last Saturday Auctions Rate Auctions Rate Sydney 750 71.8% 908 72.1% Melbourne 788 65.7% 707 65.9% Brisbane 67 61.3% 86 57.8%…
![Adelaide housing market update [video] | April 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/adelaide-270x200.jpg)
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
![Melbourne housing market update [video] | April 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
