RESIDENTIAL PROPERTY
WEAKENED demand, the potential for interest rate cuts, and increased supply are expected to create a buyer’s market in 2025, as price movement continued to slow heading into the new year...
Domain’s House Price Report for the December quarter showed annual price increases slowed to their lowest levels since September 2023...
That statement spans all of our capital cities and what we have is a rapid slowdown in either the pace of price growth – so some cities are still rising but just not as fast...
The December quarter saw a sliver shaved off Sydney’s house prices, and modest growth of 1.6% in both Perth and Melbourne. Higher growth was seen in...
Conversely, Hobart was the only capital to see a fall in unit prices over the quarter (-1.5%), while Perth (5.4%) and Darwin (4.4%) recorded the highest growth...
One of the clear things has been an increase in choice. So any prospective buyer out there will be finding that supply is rising – across the combined capitals stock hit a...
At the moment, many potential buyers are holding off, hoping for a cash rate cut to improve their borrowing power. As demand decreases and more homes come onto the...
However, while there has been greater weakness in higher premium markets of Sydney and Melbourne, stronger rates of price growth for units and middle and...
Powell said Australia’s housing market is set for “a year of two halves” in 2025, with Domain retaining its expectations that a mid-year interest rate cut wil...
Interest rate hold pushes risk of mortgage stress up
Meanwhile, Roy Morgan data showed 26.8% of mortgage holders were “at risk” of mortgage stress in the three months to...
The increase in mortgage holders at risk of mortgage stress in November came after the Reserve Bank left interest rates unchanged at a 13-year high of 4.35% for...
The number of Australians considered “extremely at risk” now stands at 931,000, or 16.9% of mortgage holders, which is significantly above the long-term average over the...
Official consumer price index figures showed the headline inflation rate was 2.3% in the year to November, up from 2.1% a month earlier. However, the trimmed mean...