GENERAL NEWS
THE peak of spring selling season has seen national home prices reach a new record high in October, with a further 0.26% bump over the month...
According to the latest PropTrack Home Price Index, Australian home prices are now up 5.62% from where they were last year at a new peak median of $797,000...
Buyers are out in force this spring selling season, with Australian home prices hitting a new peak in October,” said Eleanor Creagh, senior economist at REA Group...
Though price growth had been slowing, the stronger October rise of 0.26% marks the 22nd consecutive month of growth. It’s clear resilient housing demand is...
Sydney was up 0.19% over October to a peak of $1.108 million, the only capital with a median value above the million-dollar mark. The NSW saw an annual increase of 5.04%...
While Melbourne recorded the strongest growth for October at 0.49% to $793,000, this reflects a 1.49% decline over the year and a 4.16% drop from peak levels...
Brisbane, Adelaide and Perth were all at peak value in October, with respective monthly increases of 0.19%, 0.43% and 0.32% and annual increases of 12.51%, 14.91% and 20.58%...
Although price growth regained momentum in October in every capital except Brisbane, Adelaide and Darwin, it was slower than at the end of the summer selling season, as buyers...
Capital city price growth outpaced regional areas over the year and over October, with the combined regions up 0.20% over the month and 5.03% annually...
July’s tax cuts have boosted borrowing capacities and buyers’ budgets, which has supported growth. The persistent rise in home values has also motivated many to overcome...
A combination of less borrowing capacity and broader affordability challenges, as well as a higher-than-average share of investors and first home buyers in the market is the most...
Perth recorded a 1.4% rise in values over the month, with Adelaide up 1.1% and Brisbane up 0.7%, with the latter recording its slightest gain since July...
Despite the rise in listings across the mid-sized capitals, Perth, Adelaide, and Brisbane are still seeing advertised stock levels more than -20% below the five-year average for this time of the year...
The number of home sales is also moderating, with capital city sales activity in the three months ending October down 7.5%...