Australian home prices tipped to keep falling in early 2025
1 week ago

Australian home prices tipped to keep falling in early 2025

ABC  

Australian home prices are set to keep falling in the first half of this year, according to a wide range of analysts, but they also expect the decline to be small and short-lived. "There are numerous signs of softening in the Australian property market," wrote AMP's chief economist Shane Oliver, before listing them: Auction clearance rates have cooled from their highs, particularly in Sydney, where the clearance rate has fallen to just above 50 per cent; new listings are up in most cities, suggesting rising distressed listings as high mortgage rates bite; unit prices and lower quartile prices are now leading growth in most cities as affordability and borrowing constraints are pushing buyers into lower-priced property; properties are staying on the market for longer and sales activity is down. "Housing demand has slowed amid a growing gap between income, borrowing capacity, and home values, exacerbated by slowing economic growth and higher-for-longer interest rates," she wrote. "After rising 4.9 per cent in 2024, we expect average property prices to rise around 3 per cent this year, with weak conditions initially followed by stronger conditions in the second half as lower interest rates eventually provide a boost to prices," he forecast. "Further delays in rate cuts, a sharply rising trend in unemployment and a sharp slowing in net migration could result in a much sharper fall in property prices, reflecting the divergence between home buyers' capacity to pay and current home price levels."

Housing Market Property Prices Interest Rates Interest Price This Year Cent Rate Rates Sydney Buyers Rate Cuts Corelogic Ms Owen Property Prices Proptrack Borrowing Capacity Early 2025  cent  australian  price  buyers  tipped  early  2025  market  prices  rates  interest  property  rate  housing  falling

History of this topic

New Zealand House Prices Tipped to Show Modest Gains in 2025
1 week ago

New Zealand House Prices Tipped to Show Modest Gains in 2025

Live Mint  

-- New Zealand house prices may show a modest recovery this year after failing to respond to falling interest rates in the final months of 2024, according to CoreLogic New Zealand. “We suspect that 2025 could prove to be a year of conflicting forces for New Zealand’s housing market with the net result being a relatively subdued upturn in sales …

Will house prices go up in 2025? Six property experts give their verdict
2 weeks, 4 days ago

Will house prices go up in 2025? Six property experts give their verdict

Daily Mail  

They also reveal their property hotspots - and not-spots - for next year House prices are not just a popular conservation topic, but a British obsession. Paula Higgins, chief executive of HomeOwners Alliance Last year's prediction: +2% Prediction for 2025: +4% I am predicting house prices to continue a steady climb through 2025 increasing by 4 per cent across the …

National house prices losing steam
1 month, 1 week ago

National house prices losing steam

ABC  

Nick Grimm: Housing prices rose nationally by 0.1% last month, but it looks like the market could be losing steam. Elizabeth Cramsie: Joe White is a real estate agent in Dunsborough in Western Australia. Elizabeth Cramsie: While rate cuts are expected at some point next year, he's not convinced it will bump up prices again. Elizabeth Cramsie: Real estate agent …

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows
1 month, 1 week ago

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows

ABC  

National home prices are losing momentum and anticipated interest rate cuts are unlikely to stop falls in house prices next year. New CoreLogic data shows house prices increased 0.1 per cent nationally in the last month of spring — the weakest Australia-wide result since January 2023. Brett D'Souza says he "made mistakes" when he tried to sell his home without …

Sydney and Melbourne house prices predicted to fall next year as Perth leads nation in value growth
1 month, 3 weeks ago

Sydney and Melbourne house prices predicted to fall next year as Perth leads nation in value growth

ABC  

House prices in Sydney and Melbourne are set to decline further in 2025, while Perth is likely to experience the strongest growth among Australia's capital cities, according to SQM Research's latest Boom and Bust Report. City 2025 housing price forecast Perth +14% to +19% Brisbane +9% to +14% Darwin +5% to +8% Melbourne -5% to -1% Sydney -5% to -1% …

Home values in Canberra are declining but high interest rates and cost-of-living pressures still make buying hard
2 months ago

Home values in Canberra are declining but high interest rates and cost-of-living pressures still make buying hard

ABC  

The latest data suggests a shift toward a buyers' market in Canberra this spring, but only for those who can afford to put a deposit together. CoreLogic Australia's head of research, Eliza Owen, said Canberra's housing market could be described as "pretty slow and steady", but with a little more weakness in recent months. "On top of that we're probably …

Why house prices are starting to fall
2 months, 1 week ago

Why house prices are starting to fall

ABC  

Sam Hawley: All focus this week will of course be on the US election and we'll be bringing you plenty of coverage. I mean, you know, what we've seen on a longer term perspective back, you know, I don't know, ever since I've been looking at it, you know, since the 60s or 70s, there's always been an ever increasing …

CoreLogic house price data shows home values still rising but growth is slowing
4 months, 1 week ago

CoreLogic house price data shows home values still rising but growth is slowing

ABC  

In what will be disappointing news for first home buyers, Australian house prices have continued to rise over the past month, according to new data. Average dwelling values climbed by 0.5 per cent in August, the 19th consecutive monthly increase in house prices tracked by CoreLogic's Home Value Index. Australia's capital cities were evenly split on house price rises and …

Australian property prices remain resilient despite economic headwinds
5 months, 3 weeks ago

Australian property prices remain resilient despite economic headwinds

ABC  

Australian house prices have risen for a sixth straight quarter, according to analysis by Domain. "The housing market remains resilient despite low consumer sentiment, economic pressures and high interest rates," Domain's chief of research and economics, Dr Nicola Powell said. "Supply still remains constrained overall, weighed against a surge in demand from strong population growth and a tight rental market," …

The cities where homeowners are most likely to have seen their property value rise or fall
5 months, 4 weeks ago

The cities where homeowners are most likely to have seen their property value rise or fall

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. While around just under seven million homes have Towns and cities in northern England …

Home owners selling up and making hundreds of thousands of dollars
6 months, 2 weeks ago

Home owners selling up and making hundreds of thousands of dollars

ABC  

In short: Median profit made on a home sale was $265,000 in March quarter. Australian property resales reached their highest rate of profitability, since July 2010, in the first quarter of the year, according to CoreLogic's Pain & Gain, March Quarter 2024 report. "Despite the slight drop off in the median nominal gain, the rate of sellers making a profit …

This rundown property is unlivable... but it just sold for a staggering amount above reserve - in another sign of Australia's dire housing market
6 months, 3 weeks ago

This rundown property is unlivable... but it just sold for a staggering amount above reserve - in another sign of Australia's dire housing market

Daily Mail  

A dilapidated house in Sydney's east has sold at auction for $800,000 over its reserve price in yet another example of Australia's dire housing market. This run-down property in Sydney's east sold for $2.6million on the weekend The house features uneven floors, peeling paint, tiles missing and part of ceiling has collapsed In a similar auction also on Saturday, a …

Real estate agents weigh profits against prices as property market finds yet another gear
7 months ago

Real estate agents weigh profits against prices as property market finds yet another gear

ABC  

In short: The Australian property market appears to have shifted up another gear. "I think we will probably be in a situation where we're no longer seeing such astronomical price growth in a couple of years from now," said CoreLogic's head of research, Tim Lawless. "And that lack of available supply, against what seems to be quite high demand, is …

Latest figures show huge change to Australia's property market compared with a year ago
7 months, 3 weeks ago

Latest figures show huge change to Australia's property market compared with a year ago

Daily Mail  

Homeowners are becoming more confident about putting their properties on the market, with the latest figures showing 40 per cent more homes available than there were 12 months ago. The latest PropTrack listings report revealed the Aussie property market saw the strongest new listings for the month of April since 2021 'If we look in Sydney and Melbourne, the number …

Has the great Australian dream of affordable home ownership turned to a nightmare?
9 months ago

Has the great Australian dream of affordable home ownership turned to a nightmare?

ABC  

Almost everyone recognises the problem. A recent study by the US Federal Reserve Bank of Dallas found that while higher rates since 2021 had made life tougher for home buyers, affordability would have been even worse if rates hadn't risen because housing prices would have risen more. Since the turn of the century, lower interest rates have allowed home buyers …

Mapped: The areas where UK house prices have fallen the most
9 months, 1 week ago

Mapped: The areas where UK house prices have fallen the most

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average house price in the UK fell by 0.2 …

House prices fell in March. Here’s why that shouldn’t surprise us
9 months, 1 week ago

House prices fell in March. Here’s why that shouldn’t surprise us

The Independent  

After showing some modest signs of life, Britain’s maddening housing market decided to resume its sulk in March. The Nationwide Building Society’s latest index showed a modest year-on-year rise of 1.6 per cent but a seasonally adjusted month-on-month fall of 0.2 per cent when compared to February’s prices. The latest positive news came from the British Retail Consortium, which said …

House prices continue to rise despite higher interest rates, inflation and cost of living
10 months, 2 weeks ago

House prices continue to rise despite higher interest rates, inflation and cost of living

ABC  

In short: Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. "It's pretty unusual for economic conditions to be so weak but the housing market showing this really strong trend," CoreLogic's …

Price gap between houses and apartments widens to new record as land values surge in capital cities
10 months, 3 weeks ago

Price gap between houses and apartments widens to new record as land values surge in capital cities

ABC  

In short: CoreLogic data shows the price gap between apartments and standalone houses has widened by 45 per cent since March 2020 and January 2024. "It's not like this is just Sydney or Melbourne pushing the numbers around, it's happening across every capital city to some extent," Mr Lawless said. Mr Lawless said the widening gap between house and unit …

Property values have risen for 12 straight months. Here's how much prices have lifted or fallen in each capital city
11 months, 1 week ago

Property values have risen for 12 straight months. Here's how much prices have lifted or fallen in each capital city

ABC  

Three capital cities continue to power the national property market, with prices rising by 0.4 per cent in January to start off the new year. Brisbane Monthly change: 1 per cent increase 1 per cent increase Brisbane median house value: $888,628 $888,628 Median unit value: $568,595 It was the pockets on the outer fringe of Brisbane that recorded the biggest …

Will 2024 finally be a happy new year for the Australian economy?
1 year ago

Will 2024 finally be a happy new year for the Australian economy?

ABC  

When we said "happy new year" last week, for the first time in quite a while it may actually turn out to be true, at least in an economic sense. That kind of forecast has traders on the financial markets fully pricing in a Reserve Bank rate cut by September this year, on hopes that inflation will be close to …

Australian property values rose 8.1 per cent in 2023. Here's what the market has been doing in your area
1 year ago

Australian property values rose 8.1 per cent in 2023. Here's what the market has been doing in your area

ABC  

Australia's property prices rose 8.1 per cent nationally over 2023, an unlikely upswing in the face of rising rates. Here are Canberra's most affordable suburbs for houses and units: House: Phillip with a median value of $587,806 Phillip with a median value of $587,806 Unit: Hawker with a median value of $413,328 New South Wales Sydney's annual property values rose …

Squeeze on home buyers’ budgets set to continue into 2024, say experts
1 year ago

Squeeze on home buyers’ budgets set to continue into 2024, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Overall, we predict a modest average fall of 1% …

Property values bounced back across Australia in 2023, but there are signs of slowing
1 year ago

Property values bounced back across Australia in 2023, but there are signs of slowing

ABC  

Australian house and apartment values bounced back in 2023, increasing by 8.1 per cent nationally over 2023, according to new data. Key points: New data shows dwelling values rose nationally last year in comparison to 2022 Sydney remains the most expensive city to buy a property across the country Homes in capital cities increased significantly more than in regional areas …

House prices end year 1.8% lower as East Anglia faced biggest drop in UK
1 year ago

House prices end year 1.8% lower as East Anglia faced biggest drop in UK

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. This means house prices in the UK end the …

Falling mortgage rates lend a helping hand to home buyers
1 year ago

Falling mortgage rates lend a helping hand to home buyers

LA Times  

Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The most recent decline comes after the Federal Reserve signaled last week it may be done raising its benchmark interest rate, which helps set a floor on all types of borrowing costs, including mortgage rates. When mortgage rates first surged in …

Property prices see 'significant decline' in some suburbs and regions despite housing market rebound
1 year ago

Property prices see 'significant decline' in some suburbs and regions despite housing market rebound

ABC  

Property prices "defied expectations" to hit record high values this year, but some suburbs and regional areas have bucked the trend and seen "very significant declines" in their median house prices in the past 12 months. Key points: Data from PropTrack shows suburbs of greater Hobart have seen median house prices fall by more than 10 per cent in the …

Affordability to buy home to rise to a three-year high in 2024, on expectations of interest rate cuts
1 year, 1 month ago

Affordability to buy home to rise to a three-year high in 2024, on expectations of interest rate cuts

Hindustan Times  

The affordability for home purchases is expected to improve for the better in 2024, basis the expectation of a 60-80 bps repo rate cut during the year, says JLL’s report on the Home Purchase Affordability Index. JLL Home Purchase Affordability Index signifies whether a household earning an average annual income is eligible for a housing loan on a property in …

Housing Boom and Bust Report tips property price to fall in 2024 as interest rates weigh
1 year, 1 month ago

Housing Boom and Bust Report tips property price to fall in 2024 as interest rates weigh

ABC  

Australian real estate is set for a double-dip downturn, according to a leading analyst, as interest rates finally weigh on property prices and for-sale listings surge. Key points: SQM Research is forecasting flat to falling home prices for most cities except Perth and Brisbane in 2024 High interest rates, rising unemployment and an increase in distressed sales are expected PropTrack …

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
1 year, 2 months ago

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market. Existing home sales fell 2% last month from August to a seasonally adjusted …

Why you SHOULD purchase a home this fall: Buyers facing a 'sweet spot' in the market as 9.2 percent of sellers are cutting prices
1 year, 3 months ago

Why you SHOULD purchase a home this fall: Buyers facing a 'sweet spot' in the market as 9.2 percent of sellers are cutting prices

Daily Mail  

But the number of sellers cutting prices has reached their highest level this year Homebuyers are facing a market 'sweet spot' this fall as the number of sellers cutting prices has reached their highest level this year, a new report claims. Zillow senior economist Jeff Tucker wrote in a report: 'For determined buyers, with enough budget room to accommodate the …

Australia's housing divide masks real interest rates pain
1 year, 4 months ago

Australia's housing divide masks real interest rates pain

ABC  

If it feels like we're in uncharted territory when it comes to keeping a roof over your head, you're right. So by splitting that line out into the different groups of people it represents, you can see that it's the increase in mortgage costs that has driven housing costs to record highs. If you only look at the typical housing …

Proptrack Housing Affordability Index: Australian cities which are least affordable to buy a house
1 year, 4 months ago

Proptrack Housing Affordability Index: Australian cities which are least affordable to buy a house

Daily Mail  

Housing affordability is at its worst level in three decades, with the average Australian household able to afford just 13 per cent of the market. The report found households earning the median income of about $105,000 can afford 13 per cent of all homes sold across the country in the last year - the lowest level since records began in …

Sharp drop in UK house prices as rising cost of borrowing hits market
1 year, 4 months ago

Sharp drop in UK house prices as rising cost of borrowing hits market

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. House prices fell by 5.3 per cent annually in August, taking the average property …

House price recovery slows as listings rise and regional markets stagnate
1 year, 5 months ago

House price recovery slows as listings rise and regional markets stagnate

ABC  

House prices continue to rise, but there are further signs that a recent rebound may be losing steam as spring selling season approaches. Key points: Home values rose 0.7 per cent in July, a deceleration from the months prior Capital city markets recorded stronger growth than regional areas The number of homes being listed for sale has started to increase …

Housing markets where homes cost over £300,000 ‘more exposed to price falls’
1 year, 5 months ago

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The more …

Fresh fears for house prices after fastest drop in 12 years
1 year, 6 months ago

Fresh fears for house prices after fastest drop in 12 years

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. One industry figure said “We ain’t seen nothing yet” on house-price falls, while another said …

Interest rate pause no help for regional Victorian home owners selling properties as repayments increase
1 year, 6 months ago

Interest rate pause no help for regional Victorian home owners selling properties as repayments increase

ABC  

Bronte Harrop has decided she cannot afford to be a home owner, despite having a stable full-time job where the 27-year-old earns above-average income. Key points: Interest rates being held this month provides little relief for struggling home owners and renters One couple has lost tens of thousands of dollars on the sale of their home Regional house prices have …

Buying or selling? How to deal with rising mortgage rates and falling house prices
1 year, 6 months ago

Buying or selling? How to deal with rising mortgage rates and falling house prices

The Independent  

For millions of Britons who had plans to move house or get on the property ladder this year, the latest mortgage misery coupled with the cost of living crisis makes paints a grim picture. Ross Lacey, director and chartered financial planner at Fairview Financial Management, said: “As a homeowner, if you want to move then even if your property price …

Sellers are accepting bigger discounts as house prices slow
1 year, 6 months ago

Sellers are accepting bigger discounts as house prices slow

Daily Mail  

House price growth slowed down further in June, as soaring mortgage rates hit buying power and sellers accepted larger discounts to shift their homes. Slowdown: Higher mortgage rates are set to hit buying power in the coming months Around 15 per cent are accepting even greater discounts of more than 10 per cent below the asking price. Zoopla believes house …

May home sales rise with near record-few on the market and biggest annual price drop since 2011
1 year, 6 months ago

May home sales rise with near record-few on the market and biggest annual price drop since 2011

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, …

There is a perfect storm brewing for the housing market and it could make buying your own home a pipedream
1 year, 8 months ago

There is a perfect storm brewing for the housing market and it could make buying your own home a pipedream

ABC  

This isn't supposed to be happening. It's now entirely possible the Reserve Bank won't get inflation down to 2-3 per cent, regardless of whether it raises interest rates again. It went into orbit through the pandemic, as the RBA slashed interest rates to a whisker above zero, and returned to Earth after the reserve bank began its savage series of …

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal
1 year, 8 months ago

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal

Daily Mail  

A worrying number of young Australians have given up on ever owning their home, a new survey has found. A Resolve Political Monitor poll published on Monday showed 54 per cent of respondents on middle incomes and 63 per cent in the low income bracket think they will never be able to afford their own home. Sydney's median house prices …

Sale of newly constructed homes falls by half; Housing minister concerned
1 year, 9 months ago

Sale of newly constructed homes falls by half; Housing minister concerned

NL Times  

Sales of new construction homes fell by half in the last quarter of 2022 compared to a year earlier, Statistics Netherlands said this week. The cause of the trend is likely due to the limited growth of new homes placed on the market, said CBS Chief Economist Peter Hein van Mulligen. “Then you get an interest rate shock: both buyers …

House price falls ease in February with Sydney posting a rise as real estate listings dry up
1 year, 10 months ago

House price falls ease in February with Sydney posting a rise as real estate listings dry up

ABC  

A lack of properties for sale and the first rise in Sydney home prices in more than a year have stabilised real estate values across the nation. Key points: The CoreLogic home price index fell 0.1 per cent nationally in February, the smallest fall since May 2022 Sydney home values rose for the first month since January 2022 Westpac is …

US home sales fell again in January; prices edged higher
1 year, 10 months ago

US home sales fell again in January; prices edged higher

Associated Press  

LOS ANGELES — The nation’s housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years. The National Association of Realtors said Tuesday that existing U.S. home sales fell to a seasonally adjusted annual rate of 4 million properties last month. The modest monthly sales drop …

The risk of Australia entering recession has just risen
1 year, 11 months ago

The risk of Australia entering recession has just risen

ABC  

There are early signs Australia's economy is buckling under the strain of inflation and cost-of-living pressures. "As regards consumer spending specifically, a sharp curtailment due to higher interest rates and weaker house prices remains the major downside risk for the economy this year." Economists predict that despite recent drops in retail sales and house prices, the Reserve Bank will likely …

Has Australia's housing boom hit the end of the road and could it take the economy down with it?
1 year, 11 months ago

Has Australia's housing boom hit the end of the road and could it take the economy down with it?

ABC  

While Argentina may have dispatched Australia to go on and win football's World Cup, there is one kicking contest where we are undisputed world leaders – that's economic can kicking. Many fixed mortgage rates were below 2 per cent, some for terms as long as four years, and the Reserve Bank governor had said repeatedly that rates were unlikely to …

Australian home values see largest decline in recent memory, new data shows
2 years ago

Australian home values see largest decline in recent memory, new data shows

ABC  

Homes around Australia have lost an estimated average of $64,820 in value since May last year according to CoreLogic's Daily Home Value Index. Key points: Australian home values have seen their biggest decline since 2019 Sydney, Brisbane and Melbourne home values are seeing the largest downturn Experts expect values to keep declining into 2023 Between May 2022 and January 2023, …

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