Shock figures show where house prices are FALLING in Australia - and the reason for the decline
2 months, 3 weeks ago

Shock figures show where house prices are FALLING in Australia - and the reason for the decline

Daily Mail  

Property prices in Sydney and Melbourne have declined as the number of overseas visitors drops with an immigration slowdown expected to cut prices further. The drop or slowdown in house prices, in Australia's two biggest cities, occurred as immigration levels moderated from record-high levels Perth's median house prices last year climbed by 18.7 per cent to $847,518, and by 1.7 per cent over the December quarter, with Western Australia having the nation's strongest population growth pace of 2.8 per cent. Adelaide's equivalent house price rose by 12.5 per cent over the year to $866,327, and by 2 per cent over the quarter, despite South Australia having weaker population growth. Other capitals with weaker population growth did badly last year with Hobart's mid-point house price slipping by 0.5 per cent last year to $693,924. House and unit prices across Australia last year grew by 4.9 per cent, but they fell by 0.1 per cent in December, marking the first national monthly drop since January 2023.

Growth Population Australia Prices Price House Decline Cent Melbourne Sydney Overseas House Prices Brisbane Corelogic  decline  prices  australia  shock  overseas  price  figures  house  australias  growth  slowdown  falling  population  sydney  reason  cent

History of this topic

How Australia's housing market spun out of control — and what we can do to fix it
2 weeks, 5 days ago

How Australia's housing market spun out of control — and what we can do to fix it

ABC  

Property investment is ingrained in the Australian psyche, but is it too easy to cast landlords as the villain in our housing crisis? The bank regulator, Australian Prudential Regulation Authority or APRA, under the leadership of Wayne Byres, threw cold water on another investor-led housing boom in the mid-2010s by using "macroprudential tools", such as limits on investor lending growth …

List of suburbs shows where house prices are set to SOAR in Sydney and Melbourne when Commonwealth Bank, Westpac prediction occurs
1 month, 2 weeks ago

List of suburbs shows where house prices are set to SOAR in Sydney and Melbourne when Commonwealth Bank, Westpac prediction occurs

Daily Mail  

House prices will surge by close to 20 per cent in inner-city Sydney and Melbourne if the Reserve Bank slashes interest rates four times this year, as the major banks are forecasting. A cluster of suburbs in Sydney's inner west, stretching from Leichhardt to Balmain are set to see the biggest increase of 19.1 per cent from the current $2.329million …

House prices across Australia remain steady in January and Melbourne becomes 'buyers' market'
1 month, 3 weeks ago

House prices across Australia remain steady in January and Melbourne becomes 'buyers' market'

ABC  

Property prices remained broadly steady across the country in January, according to new data from CoreLogic, largely due to a fall in values in some capital cities. The value of dwellings in regional areas grew 0.4 per cent last month, but fell 0.2 per cent across the combined capital cities. "Underneath that headline figure, we're seeing a continued slowdown in …

Mackay, Townsville property prices could soar as Sunshine, Gold Coast markets dip
2 months, 2 weeks ago

Mackay, Townsville property prices could soar as Sunshine, Gold Coast markets dip

ABC  

Would-be buyers risk being priced out of their own regional towns, as national property prices fall and investors hunt for bargains beyond Queensland's coastal hotspots. CoreLogic's latest data found Gold Coast property prices fell ever so slightly by 0.1 per cent in December, while Sunshine Coast prices went up by about the same. She said the sale of one property …

Australian home prices tipped to keep falling in early 2025
2 months, 2 weeks 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 …

Fierce debate erupts over major Aussie expression: 'Tone deaf'
3 months, 3 weeks ago

Fierce debate erupts over major Aussie expression: 'Tone deaf'

Daily Mail  

An expat boasting about Australia being the lucky country has divided opinion with many arguing that is no longer the case because of the cost-of-living crisis. Aussies have slammed a social media user's 'tone deaf' comments praising Australia as the lucky country as millions struggle with the soaring cost of living 'Then, he found a job with a construction company, …

National house prices losing steam
3 months, 3 weeks 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
3 months, 3 weeks 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
4 months 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% …

Aussie teen rages over Sydney property prices
4 months ago

Aussie teen rages over Sydney property prices

Daily Mail  

House prices rose by 1.3 per cent across capital cities in October A young Australian has slammed the country's housing crisis as 'genuinely ridiculous' after receiving a flyer from a real estate agency that showcased ordinary properties that all sold for more than $1million. Data revealed house prices recorded an increase of 1.4 per cent in Sydney, with homes selling …

Home values in Canberra are declining but high interest rates and cost-of-living pressures still make buying hard
4 months, 2 weeks 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
4 months, 3 weeks 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 …

House prices are still rising, but CoreLogic data shows the property market is cooling off
4 months, 3 weeks ago

House prices are still rising, but CoreLogic data shows the property market is cooling off

ABC  

Australia's property market is showing further signs of a slowdown, with national house prices rising slightly in October as more home-owners and investors look to capitalise on the spring selling season. "For the past couple of years, they've had really strong population growth, strong jobs growth, and subsequently strong housing demand that has kept prices rising, even through interest rate …

South Australian home prices up thanks to Victorian investors looking avoid land tax increases
5 months, 3 weeks ago

South Australian home prices up thanks to Victorian investors looking avoid land tax increases

ABC  

Investment property owners are selling up in Victoria to avoid increased taxes and buying in South Australia instead, according to real estate agents. Changes hit Victorian landlords Real Estate Institute of Victoria chief executive Kelly Ryan said the taxes came on top of higher minimum standards for properties introduced by the Victorian government, plus rent freezes during the COVID-19 pandemic, …

Townsville house prices growing faster than all Australian capital cities
5 months, 3 weeks ago

Townsville house prices growing faster than all Australian capital cities

ABC  

Young couple Caleb Ivan and Tiarni Goulding moved to the northern Queensland city of Townsville with the dream of buying their first home — and succeeded. The couple moved to the garrison city in May from near Lismore, on New South Wales' north coast, where housing prices were, in Mr Ivan's words, "absolutely stupid". " Data released today from property …

New data reveals a record number of Australian homes surpassed $1 million property value mark
6 months ago

New data reveals a record number of Australian homes surpassed $1 million property value mark

ABC  

A record number of Australian suburbs now have a median house or unit value above $1 million, according to a new report. New data from CoreLogic shows 29.3 per cent — or 1,057 — of the nearly 4,800 suburbs surveyed across the country now have a million-dollar median. Apollo Bay was one of two regional Victoria suburbs that saw median …

CoreLogic data suggests cost of buying a house in Canberra is stabilising as units decrease in value
6 months, 3 weeks ago

CoreLogic data suggests cost of buying a house in Canberra is stabilising as units decrease in value

ABC  

The latest data on home values suggests the cost of buying a home in Canberra is stabilising. Only Sydney is a more expensive city for houses, with Canberra's median value just shy of $968,000, a dip of 0.3 per cent in the last month. The data suggested Canberra's units, however, are decreasing in value, down 2.3 per cent over the …

CoreLogic house price data shows home values still rising but growth is slowing
6 months, 3 weeks 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
8 months 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," …

As property prices grow, a new study forecasts Greater Sydney's market remaining unaffordable into next decade
8 months ago

As property prices grow, a new study forecasts Greater Sydney's market remaining unaffordable into next decade

ABC  

It's no secret that property prices in Sydney are eye-wateringly high. But according to a new study, property prices across Greater Sydney will be unaffordable for anyone on a single median income until at least the next decade. According to the results, quarterly repayments — including houses, apartments and townhouses — in 2031 for those on a median full-time income …

Here's how much you need to earn to afford a mid-range home in your capital city
8 months, 2 weeks ago

Here's how much you need to earn to afford a mid-range home in your capital city

ABC  

National figures show the cost of buying a home is going up. A new report from property data tracker CoreLogic shows the median dwelling values in Australia increased a further 0.7 per cent in June. It has been criticised as unrealistic because housing costs chew up much more than 30 per cent of some people's income, but it still holds …

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

Young woman with almost $100,000 in savings slams Aussie 'lie'
9 months ago

Young woman with almost $100,000 in savings slams Aussie 'lie'

Daily Mail  

A woman has revealed her frustrations about being unable to get her hands on a 'decent' property even with almost $100,000 in savings. 'I think that you are sold the lie that you work hard, you save a lot of money and you'll be able to get into the property market because that's exactly what I've done,' the woman said …

Real estate agents weigh profits against prices as property market finds yet another gear
9 months, 2 weeks 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 …

Extraordinary rise in value of Aussie homes - here are the states with the largest jumps
9 months, 2 weeks ago

Extraordinary rise in value of Aussie homes - here are the states with the largest jumps

Daily Mail  

The combined value of Australian residential dwellings soared to a record $10.7trillion in the March quarter, according to new Australian Bureau of Statistics data. On Tuesday, the ABS reported that the total value of homes in Australia rose by $209.4billion in the first quarter of 2024, bringing the average home value to $959,300, up $14,300 in just three months. Across …

CoreLogic house price data show Brisbane overtaking Melbourne and Canberra as Australia's second priciest city
9 months, 3 weeks ago

CoreLogic house price data show Brisbane overtaking Melbourne and Canberra as Australia's second priciest city

ABC  

In short: CoreLogic data shows property prices grew by 0.8 per cent during May, making it the largest monthly increase since October last year. CoreLogic data shows property prices grew by 0.8 per cent during May, making it the largest monthly increase since October last year. However, Brisbane has now become the second-most expensive city for housing in the country, …

Brisbane sheds its sleepy image with surging house values — now only second to Sydney
9 months, 3 weeks ago

Brisbane sheds its sleepy image with surging house values — now only second to Sydney

ABC  

So, you still think of Brisbane as the sprawling, steamy, sleepy backwater in Australia's deep north? There's such a shortage of houses and units that anyone with the means to buy – locals, along with the 116,260 new arrivals from overseas and interstate last year – is camping out in crappy rentals across the city, doom scrolling on real estate …

Property prices increased again in May. Here's what the housing market looks like where you live
9 months, 3 weeks ago

Property prices increased again in May. Here's what the housing market looks like where you live

ABC  

Property prices across Australia have increased for the 16th straight month, with CoreLogic data showing an 0.8 per cent increase in May. Here's how much property prices changed around the country last month: Sydney: Increase of 0.6 per cent Increase of 0.6 per cent Melbourne : Increase of 0.1 per cent Increase of 0.1 per cent Brisbane : Increase of …

The video that will make every millennial jealous: Boomers reveal how little they paid for their first home
9 months, 3 weeks ago

The video that will make every millennial jealous: Boomers reveal how little they paid for their first home

Daily Mail  

Baby boomers have revealed how much they paid for their first home and warned young Aussies to give up their 'lavish lifestyles' to save for a deposit. First-home buyers continue to struggle to purchase properties in both capital cities and regional areas across Australia Australian big city house prices are tipped to surge by more than a third during the …

CoreLogic reports record-high rents across Australia's biggest regions as WA and Queensland tops list
10 months ago

CoreLogic reports record-high rents across Australia's biggest regions as WA and Queensland tops list

ABC  

The promise of fleeing the high cost of living in Australia's capital cities and finding reprieve in the regions is fast evaporating, with rental prices in nearly every part of the country hitting record highs. Batemans Bay in New South Wales had the biggest increases over the past three months, with rents going up the equivalent of $32 a week, …

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

House prices have risen for the 15th month in a row. Here's what property values look like across the country
10 months, 3 weeks ago

House prices have risen for the 15th month in a row. Here's what property values look like across the country

ABC  

Australia's property market is showing no signs of slowing down, with data from CoreLogic showing property prices increased by 0.6 per cent in April. Here's how much property prices changed in each city in April: Sydney: Increase of 0.4 per cent Increase of 0.4 per cent Melbourne: Decrease of 0.1 per cent Decrease of 0.1 per cent Brisbane: Increase of …

Proof Australia's housing market has gone mad: The awkward detail in this photo of a house that sold for $3million
11 months ago

Proof Australia's housing market has gone mad: The awkward detail in this photo of a house that sold for $3million

Daily Mail  

A Sydney home that prospective buyers weren't able to physically inspect because it was missing almost all its roof has sold for close to $3m. The three bedroom home at 89 Fitzroy St in Sydney's inner west suburb of Burwood sold for $2,750,000 earlier this month. A Sydney home that prospective buyers weren't able to physically inspect because it was …

The Aussie city where it now costs more than $1,000 a week to rent a house
11 months, 1 week ago

The Aussie city where it now costs more than $1,000 a week to rent a house

Daily Mail  

A high-income professional earning $180,000 a year would now be in housing stress renting the typical house in Australia's most expensive capital city, new data shows. Sydney's median weekly rent surged by 10.2 per cent in the year to April to $1,053.56, new SQM Research data released on Tuesday revealed. Mount Colah, 38km north of Sydney, has a median weekly …

Rental prices in Australia have soared to a new record high but one capital city is now CHEAPER - so would you move there?
11 months, 2 weeks ago

Rental prices in Australia have soared to a new record high but one capital city is now CHEAPER - so would you move there?

Daily Mail  

With record rental prices across the nation, Canberra has bucked the trend and is actually cheaper. Median rent in the national capital fell 0.7 per cent compared to this time last year, to $685-a-week, according to Domain's latest rent report for March 2024. Domain's chief of economics and research Dr Nicola Powell said the rental drop was caused by an …

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000
11 months, 3 weeks ago

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000

Daily Mail  

House prices in Australia's capital cities have surged by up to 20 per cent in the past year as immigration hit an all-time high. In Perth, the median house price has surged by 20 per cent during the past year to $735,276 to still be Australia's most affordable mainland state capital city market, new CoreLogic data showed CoreLogic research director …

The average Australian now can't afford to buy a house in any city in the country - but a real estate veteran who was kicked out of school at 16 has some very practical tips
1 year ago

The average Australian now can't afford to buy a house in any city in the country - but a real estate veteran who was kicked out of school at 16 has some very practical tips

Daily Mail  

A tattooed, multi-millionaire real estate agent has given his expert tips for young people hoping to buy a home, as the average Australian is locked out of buying a house in any major city without being in mortgage stress. A tattooed real estate agent has given tips to young people hoping to buy a home with the average Australian worker …

Tradie who once lived in rented granny flats but now enjoys a $6million waterfront home, Lamborghini and 50ft yacht reveals the biggest financial mistake young Aussies are making
1 year ago

Tradie who once lived in rented granny flats but now enjoys a $6million waterfront home, Lamborghini and 50ft yacht reveals the biggest financial mistake young Aussies are making

Daily Mail  

A property investor who once lived in rented granny flats but now enjoys a $6million waterfront home has shared his top advice for young Australians trying to enter the tough housing market. But instead of saving up for a mortgage deposit to buy the ultimate property, Mr Walsh started his investment journey in 2011 by buying a four-bedroom house at …

What Aussies need to make in a year to be an above-average earner - and what it means for buying a house they can afford
1 year, 1 month ago

What Aussies need to make in a year to be an above-average earner - and what it means for buying a house they can afford

Daily Mail  

Australians earning more than $98,218 a year are now considered above-average earners if they work full-time. Australians earning more than $98,218 a year are now considered an above-average earner if they work full-time RateCity research director Sally Tindall said the Reserve Bank of Australia's 13 interest rate rises in 18 months - taking the cash rate to a 12-year high …

Price gap between houses and apartments widens to new record as land values surge in capital cities
1 year, 1 month 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 …

Will Brisbane property prices keep surging? Here's what the experts say
1 year, 1 month ago

Will Brisbane property prices keep surging? Here's what the experts say

ABC  

The rise in Brisbane property prices last month caught many people by surprise, but experts are divided on whether the surge will continue through the rest of year. "It's been a journey, some really fierce competition — the inspection of the property I bought, probably 100 people turned up," he said. CoreLogic head of research Eliza Owen said Brisbane's median …

Sydney house prices force thousands of young families out of NSW, productivity commission says
1 year, 1 month ago

Sydney house prices force thousands of young families out of NSW, productivity commission says

ABC  

In short: Sydney lost about 35,000 people aged 30-40 between 2016 and 2021, according to the NSW Productivity Commission. Sydney lost about 35,000 people aged 30-40 between 2016 and 2021, according to the NSW Productivity Commission. Sydney is at risk of becoming "the city with no grandchildren", a senior government official has warned, as high housing costs drive young families …

Alan Kohler exposes Australia's 'worst financial mistake' - and boomers are the ones benefiting
1 year, 1 month ago

Alan Kohler exposes Australia's 'worst financial mistake' - and boomers are the ones benefiting

Daily Mail  

This video is no longer available This video is no longer available The ABC's finance expert Alan Kohler has described the housing affordability crisis as Australia's worst ever financial mistake. Adelaide, he pointed out, is now Australia's second least affordable capital city when the state's average, full-time salary is compared to the city's median property price. In January, the median …

Reserve Bank blames record-high immigration for unaffordable housing - and why young people are forced to live in a big city where rents are surging
1 year, 1 month ago

Reserve Bank blames record-high immigration for unaffordable housing - and why young people are forced to live in a big city where rents are surging

Daily Mail  

The Reserve Bank has blamed record-high immigration for unaffordable housing as the growth in the value of new mortgages vastly outpaces pay rises. Capital city house prices reached new peaks in 2023, even though the RBA raised interest rates in November for the 13th time in 18 months, taking it to a 12-year high of 4.35 per cent. The Reserve …

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

Millions of home owners made $3,000 in January but they probably didn’t notice
1 year, 1 month ago

Millions of home owners made $3,000 in January but they probably didn’t notice

ABC  

It seems there's no stopping the march forward in the Australian property markets. Key points: While housing loans fell in December, strong annual growth remains Solid lending activity is helping to prop up the property market First home buyers and investors are boosting demand "We do expect housing prices to continue to rise by about 6 per cent in capital …

Brisbane overtakes Melbourne as Australia's third most expensive city to buy property for the first time in 15 years
1 year, 2 months ago

Brisbane overtakes Melbourne as Australia's third most expensive city to buy property for the first time in 15 years

ABC  

Sydney, Canberra and Melbourne have long been touted as Australia's most expensive cities when it comes to property, but after three years of a COVID-19-bolstered boom, Brisbane has climbed the ranks. "About a third of that market is units, which weighs down the median, as opposed to Brisbane, where only about 25 per cent of housing stock is estimated to …

Rental prices rose in most Australian capital cities last year, but Canberra rents stayed flat
1 year, 2 months ago

Rental prices rose in most Australian capital cities last year, but Canberra rents stayed flat

ABC  

The start of a new year in Canberra usually marks the peak of a frenzied rental market, with crowds flooding open homes and would-be tenants offering agents more cash to secure a property. Key points: Real estate agents say it is an unusually quiet January in the ACT, with open homes for rentals failing to draw crowds Rent prices in …

Australian property values rose 8.1 per cent in 2023. Here's what the market has been doing in your area
1 year, 2 months 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 …

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