RESIDENTIAL PROPERTY
DESPITE a soft spring selling season, national house prices rose for a 23rd consecutive month in November – and, according to PropTrack, there is yet more growth in...
PropTrack data showed home prices rose 0.15% to a new record in November, with the median home value reaching $800,000 for the first time...
High mortgage rates and soaring prices have driven housing affordability to its worst level on record, as Australians work overtime, take on second job...
We’re expecting that home prices are going to continue to lift in the period ahead, although it’s likely that the pace is going to remain much more moderate and softer...
Most people are expecting May 2025, or most are expecting interest rates are going to start to fall in May 2025. But this timing has been pushed out...
With core inflation holding high, labour markets holding tight, and the rising geopolitical risk, the chances of a rate cut early in the new year have become less likely...
Of course, affordability constraints continue to exist with affordability having deteriorated significantly with the substantial increase in mortgage servicing costs, rise in...
Home prices in the combined capital cities have increased 5.55% year-on-year, after climbing 0.11% in November, but performance remains varied across the country. Hobart...
Melbourne prices slipped in November and the major city is now ranked as the fifth-most expensive capital, down from fourth place in October. Values in Adelaide have now...
Plenty to choose from
Creagh said there has been a surge in new listings, particularly in Sydney and Melbourne with total listings around 20% above the prior five-year average in Sydney and...
So, there’s lots of choice for buyers. For those looking to purchase next year, it’s likely there’s going to be lots of opportunity in the first quarter of next year before interest rates...
That uplifting choice and it’s possible that when interest rates begin to move lower, that market conditions become a bit more competitive again...
PopTrack data showed annual price growth in the combined capitals has just outpaced regional areas (up by 5.48%), however capital city buyers have seen a surge in...
Performance is also mixed in regional areas as regional South Australia (up 1.06%) and regional Tasmania (by 0.65%) led growth in November, while price growth in...