NEWS

The multi-speed nature of Australia's property market today can be seen in the 12-month price changes across our capital cities and regions. Over the 12 months to May 31, here's how median home values in the capital cities have changed: Perth 22%, Brisbane 16.3%, Adelaide 14.4%, Sydney 7.4%, Darwin 3.5%, Canberra 2%, Melbourne 1.8%…

Australian property continues to defy historical trends, with home values still rising in most capital city and regional markets despite today’s high interest rates. About a quarter of the world’s central banks have begun cutting interest rates, according to AMP, with Switzerland the first major economy to cut rates in March,…

New home approvals per capita are at decade-lows right now, exacerbating a long-term undersupply of homes in Australia. Meantime, demand for both owner-occupier and rental housing is high, not just because of record overseas migration but also because of demographic changes. Australia’s population is about 27 million and there are about…

One of the reasons Australia has such a long history of continually rising property values is that so many of us choose to live in one of just eight capital cities. In fact, 75% of Australia’s population lives on just 2.6% of the country’s total land mass, according to CoreLogic data.…

Australian home values continue to trend higher this year, and despite an increase in the number of homes going to auction before the Easter holidays, the national preliminary clearance rate is holding up well at about 70%. A new CoreLogic report shows national home values grew by 1.3% over the…

Over the past two decades, single career women have become an influential buying force in the property market. When I started in real estate 40 years ago, it was very rare to conduct an auction and have a 28-year-old female on her own buy the property. Nowadays when you put…

In many ways, it is counterintuitive that the market is showing such resilience despite 13 interest rate rises and a range of economic headwinds around the world. But if you’re out there attending auctions at the moment, you’d say the market is remarkably strong, and data has backed that up,…

I can see many lifestyle areas performing as well or better than their city counterparts over the next decade. This capital growth will be driven by two main trends.   Firstly, as our population continues to age, more empty nesters will be purchasing premium houses and apartments in desirable seachange…

  Affordable suburbs with median house prices below $500,000 dominated the best areas for price growth across Australia last year.   CoreLogic’s annual Best of the Best report shows that buyers competed strongly for affordable homes in lower-priced markets amid high interest rates. Perth suburbs dominated the best growth areas…

The market correction we experienced during FY23 was both short and sharp, with Australian home values returning to growth much earlier than expected despite continually increasing interest rates. A shortage of stock for sale is driving the commencement of this new market cycle which is a trend being seen across…

It’s one of the most fundamental shifts in the Australian psyche in recent history: city slickers who’d never seriously considered making the move to a regional area before suddenly had their eyes opened to the idea en masse. Enticed by the promise of getting better value for their hard-earned dollar…

It’s one of the most fundamental shifts in the Australian psyche in recent history: city slickers who’d never seriously considered making the move to a regional area before suddenly had their eyes opened to the idea en masse. Enticed by the promise of getting better value for their hard-earned dollar…

The Australian property market continues to demonstrate strength and resilience this Spring season. We are seeing very solid results and consistently high auction clearance rates week after week. This indicates that the increase in the number of homes for sale this Spring has not interrupted the market’s positive trajectory and…

There are many supportive factors pushing home values higher this Spring season across many areas of Australia. Property is showing exceptional resilience, even with higher interest rates at play. This should give homeowners and investors ongoing confidence that Australian real estate will continue to deliver exceptional wealth for us all…

There’s something of a perfect storm in property today, with a significant supply/demand imbalance affecting everyone in the marketplace -- Buyers, Sellers and Tenants. Firstly, a longstanding housing undersupply has been met with a period of market change and low stock for sale. Why is stock low? It’s likely a…

Australia has a vast land size and a relatively small population compared to other major Western economies, yet we have had a significant housing undersupply for many years. The problem has become acute in recent times, with a lack of stock for sale being the main driver of rebounding property…