Property values are tipped to reach a new high. Here's how much prices have risen in each capital city
1 year, 2 months ago

Property values are tipped to reach a new high. Here's how much prices have risen in each capital city

ABC  

With Australia's median property value set to hit a new peak by the end of 2023, what does that mean for where you live? Adelaide Monthly change: 1.7 per cent increase Adelaide median house value: $742,909 Median unit value: $464,414 The September quarter saw Adelaide recording the highest capital gain at 4.3 per cent, pipping out Brisbane and Perth. Brisbane Monthly change: 1.3 per cent increase Brisbane median house value: $848,680 Median unit value: $539,169 According to Mr Lawless, Brisbane looks set to reach a new record high in October, with home values currently only 0.6 per cent below their previous peak. Melbourne Monthly change: 0.4 per cent increase Melbourne median house value: $933,281 Median unit value: $612,585 Since Melbourne property prices bottomed out in January 2023, they have risen 4.3 per cent. Sydney Monthly change: 1 per cent increase Sydney median house value: $1,381,045 Median unit value: $828,919 Sydney home values are up 10.6 per cent since bottoming out in January 2023.

Record Change Property Prices Values House High Value Cent Canberra Melbourne Sydney Unit Perth Brisbane Hobart Reach Median Property Prices Home Values  prices  risen  unit  property  capital  value  change  house  reach  tipped  values  high  cent  median  record  heres  supply  city

History of this topic

National house prices losing steam
3 weeks, 1 day 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 weeks, 1 day 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 weeks, 1 day 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% …

Why house prices are starting to fall
1 month, 2 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 …

South Australian home prices up thanks to Victorian investors looking avoid land tax increases
2 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, …

New data reveals a record number of Australian homes surpassed $1 million property value mark
2 months, 4 weeks 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
3 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
3 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 …

As property prices grow, a new study forecasts Greater Sydney's market remaining unaffordable into next decade
5 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 …

Real estate agents weigh profits against prices as property market finds yet another gear
6 months, 1 week 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
6 months, 1 week 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
6 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
6 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 …

Latest figures show huge change to Australia's property market compared with a year ago
6 months, 4 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 …

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat
7 months, 2 weeks ago

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat

ABC  

In short: Rents have reached a record high, with the median weekly rent in Australia now at $627. Perth Median rent $669 Year-on-year increase 13.6 per cent The rental market in Perth saw the highest annual rent increase of all capital cities in the last year, as well as the highest uplifting of rent values since the onset of the …

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000
8 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 …

Price gap between houses and apartments widens to new record as land values surge in capital cities
10 months 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
10 months, 2 weeks 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 …

The one mistake Aussies are making when buying a house - and the things you should be looking for
11 months, 4 weeks ago

The one mistake Aussies are making when buying a house - and the things you should be looking for

Daily Mail  

Prospective property buyers are being told to avoid purchasing something because it is cheap with a wealth expert warning it could cost you in the long run. Pictured are houses in the West Australian town of Coolgardie where houses typically sell for less than $160,000 Property investment expert Brett Warren, the director of buyer's agent Metropole in Brisbane, said buyers …

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 …

National home prices rise to be just half a per cent off last year's historic high
1 year, 1 month ago

National home prices rise to be just half a per cent off last year's historic high

ABC  

National home prices accelerated their growth in October, rising 0.9 per cent for the month, according to CoreLogic data. "At this rate of growth, we will see the national HVI reach a new record high midway through November, recovering from the 7.5 per cent drop in values recorded over the recent downturn between May 2022 and January 2023," said CoreLogic's …

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 …

House price falls ease in February with Sydney posting a rise as real estate listings dry up
1 year, 9 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 …

Sydney housing crisis: Newtown home sells in just three minutes - $360,000 above asking price
1 year, 9 months ago

Sydney housing crisis: Newtown home sells in just three minutes - $360,000 above asking price

Daily Mail  

It sold for $360,000 above the reserve price at the auction One family forked out $3.11million for the Newtown house An auction for a Sydney home wrapped in three minutes An auction for an 'unusual' city home has ended in mere minutes and gone $360,000 above the reserve price - showing at least some places appear to be immune to …

Australian home values see largest decline in recent memory, new data shows
1 year, 11 months 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, …

Australian housing values were down 5.3 per cent in 2022. Here's what's happening in your area
1 year, 11 months ago

Australian housing values were down 5.3 per cent in 2022. Here's what's happening in your area

ABC  

Australian housing prices were down 5.3 per cent over 2022, marking the first time housing values have fallen over the calendar year since 2018. Regional South Australia was the stand-out for growth conditions with values up 17.1 per cent through 2022, while regional markets in NSW and Victoria both saw annual falls. Queensland Queensland saw mixed results with its housing …

Sydney, Melbourne real estate: Why house prices could rise in 2023 even with interest rates rising
1 year, 11 months ago

Sydney, Melbourne real estate: Why house prices could rise in 2023 even with interest rates rising

Daily Mail  

House prices could rise again in 2023 even if interest rates keep going up because rental vacancy rates are tight and immigrants are moving to Australia. House prices could rise again in 2023 even if interest rates keep going up because rental vacancy rates are tight and immigrants are moving to Australia House prices expected to rise again in 2023 …

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million
2 years ago

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million

Daily Mail  

Prices of properties near the beach and only an hour's drive from major city centres have fallen back below the $1million mark as new data shows their affordability will only continue to improve. Property prices near the beach only an hour's drive from a major city centre have fallen back below the $1million mark and are expected to become more …

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation
2 years, 1 month ago

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

ABC  

Australia's median property values dropped 1.2 per cent in October, to $721,018, a figure including both houses and apartments. Adelaide Change: 0.3 per cent decrease in October Adelaide median house value: $706,154 Median unit value: $436,462 CoreLogic data shows Adelaide values recorded a COVID-19 "trough to peak" growth of 44.7 per cent. Hobart Change: 1.1 per cent decrease Hobart median …

Australian home prices fall for six months in a row as interest rate rises bite
2 years, 1 month ago

Australian home prices fall for six months in a row as interest rate rises bite

ABC  

National property prices have fallen for the sixth month in a row as higher interest rates make the cost of borrowing more expensive. Key points: The housing downturn has deepened across the country as interest rates continue to rise CoreLogic says national home prices fell 1.2 per cent in October, and by 0.9 per cent annually However, a PropTrack survey …

Perth rental market tightens further as experts tip moderate house price growth
2 years, 3 months ago

Perth rental market tightens further as experts tip moderate house price growth

ABC  

Western Australia's rental vacancy rate has dropped to its lowest level in more than a decade, as experts warn of more pain ahead for those struggling to get a roof over their heads. Key points: Vacancy rates have hit new lows in Perth and regional areas The shortage is set to worsen as more people move to WA House price …

The expensive suburbs where house prices are falling very sharply as interest rates rise
2 years, 3 months ago

The expensive suburbs where house prices are falling very sharply as interest rates rise

Daily Mail  

Wealthy suburbs near the beach and sea change areas are suffering the sharpest house price falls as interest rates keep surging. The far north coast of NSW is also going backwards with the median house price in the Richmond-Tweed area - covering Byron Bay and Ballina - plunging by 5.5 per cent last month to $963,737. The far north coast …

The housing market seems out of control. But there are lots of things we could do
2 years, 4 months ago

The housing market seems out of control. But there are lots of things we could do

ABC  

I am dumber than our house. If you own a house, higher property prices may make you feel richer even though it's difficult to "realise" that profit. Even though there are thousands of housing markets across Australia — and prices can swing markedly even within small suburbs — most have risen at a consistent rate in recent decades. With two-thirds …

The Australian suburbs where interest rate hikes mean house prices are plunging by six figures
2 years, 4 months ago

The Australian suburbs where interest rate hikes mean house prices are plunging by six figures

Daily Mail  

A series of interest rate hikes have caused dramatic house price plunges of $250,000 in wealthy suburbs and the downturn is expected to get worse. The Reserve Bank in August raised interest rates for the fourth straight month, marking the most dramatic increases since 1994 Plummeting median house prices Sydney - North shore - down $250,000 or 8.4 per cent …

Australian house prices set to drop further as interest rates surge. Here's a round up of what's happening with property prices across Australia
2 years, 4 months ago

Australian house prices set to drop further as interest rates surge. Here's a round up of what's happening with property prices across Australia

ABC  

Australia's median property value has dropped by 2 per cent since the beginning of May, to $747,800— a figure that includes houses and apartments, the latest housing data shows. Adelaide: home prices up Change: 0.4 per cent increase in July Adelaide median house value: $705,634 Median unit value: $431,409 Corelogic data shows Adelaide dwellings have recorded a 24.1 per cent …

CoreLogic tipping biggest property market downturn since the early 1980s
2 years, 4 months ago

CoreLogic tipping biggest property market downturn since the early 1980s

Daily Mail  

Some of Australia's wealthier areas are suffering the sharpest drop in property values, as surging interest rates spark the steepest housing market downturn in four decades. Wealthier suburbs are suffering the sharpest drop in property values with surging interest rates tipped to cause the steepest housing market downturn in four decades Median house prices fall as interest rates surge SYDNEY: …

Australian house prices fall at 'fastest rate' since 2008 financial crisis
2 years, 4 months ago

Australian house prices fall at 'fastest rate' since 2008 financial crisis

ABC  

House prices in Australia are dropping at their fastest pace since the global financial crisis — and market conditions are "likely to worsen" as interest rates continue to rise, according to property analytics firm CoreLogic. Key points: Economists predict Australian house prices could fall between 12 and 20 per cent The median property value dropped 8.5pc during the GFC Rents …

Sky-high mortgages, 7.1 per cent inflation, and a risk of recession: How economists see the year ahead
2 years, 5 months ago

Sky-high mortgages, 7.1 per cent inflation, and a risk of recession: How economists see the year ahead

ABC  

Homeowners will face mortgage rates near 5.5 per cent in a little over a year, according to a survey of 22 leading Australian economists. The panel believes the Reserve Bank will push its cash rate to its highest point since the 2010-2012 resources boom in an effort to contain inflation, which it expects to jump from its present 5.1 per …

Largest house price correction since 1980 to hit, Sydney and Melbourne set to be hit the hardest
2 years, 6 months ago

Largest house price correction since 1980 to hit, Sydney and Melbourne set to be hit the hardest

Daily Mail  

Australian house prices could plunge by 20 per cent with Sydney and Melbourne tipped to suffer the biggest slide in four decades - as interest rates soared to curb stubborn inflation. Scroll down for video Australian house prices could plunge by 20 per cent with Sydney and Melbourne set to suffer biggest slide in four decades - as interest rates …

Declining Sydney property prices a forecast for the rest of Australia, experts say
2 years, 6 months ago

Declining Sydney property prices a forecast for the rest of Australia, experts say

ABC  

As interest rates rise, Sydney house prices are dropping and experts say it is a "bellwether" for what is about to happen across the rest of the country. Key points: Interest rates are driving the decline in value of Sydney properties The Reserve Bank of Australia increased the cash rate to 0.85 per cent. "If we see interest rates rise …

Melbourne house prices could plunge by $135,000 by end of 2023 as AMP Capital issues forecast
2 years, 6 months ago

Melbourne house prices could plunge by $135,000 by end of 2023 as AMP Capital issues forecast

Daily Mail  

Melbourne house prices could tumble by as much as $135,500 in just 18 months, according to one financial expert. Melbourne house prices could tumble by as much as $135,500 in just 18 months, according to one financial expert Mr Oliver's prediction comes as the Big Four banks issued their forecasts warning the housing market could drastically drop in value by …

Anthony Albanese faces a mammoth challenge with inflation soaring
2 years, 6 months ago

Anthony Albanese faces a mammoth challenge with inflation soaring

Daily Mail  

Anthony Albanese could not stop smiling as he posed for photos with his new ministers outside Government House after they were sworn in on Wednesday. Anthony Albanese could not stop smiling as he posed for photos with his new ministers outside Government House after they were sworn in on Wednesday In Parliament House the mood was downbeat as new Treasurer …

Australia PM defends housing pitch as election looms
2 years, 7 months ago

Australia PM defends housing pitch as election looms

Al Jazeera  

Government plans would allow first home buyers to dip into their retirement savings for a deposit. Australian Prime Minister Scott Morrison has defended his election pitch to allow first-time buyers to use part of their retirement savings to buy homes in a bid to lure younger voters as the campaign entered its final week. Spending more money on a deposit …

A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach
2 years, 7 months ago

A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach

ABC  

It takes a first home buyer almost 11.5 years to save a 20 per cent deposit for an average priced home. Ms Owen says assuming a 15 per cent property price decline and a mortgage rate of almost 5 per cent "you save on the deposit, but you spend more over the life of the loan". "Assuming a household income …

The postcodes where house prices have surged 55 per cent in a year despite interest rate rise fears
2 years, 7 months ago

The postcodes where house prices have surged 55 per cent in a year despite interest rate rise fears

Daily Mail  

Houses prices in some parts of Australia are continuing to surge by an annual pace of 55 per cent despite talk of the first interest rate rise in more than a decade. North Arm Cove, near Port Stephens and Hawks Nest north of Sydney, saw median house prices in the year to April surge by 54.9 per cent to $709,086, …

More evidence that house price rises are slowing after January peak
2 years, 8 months ago

More evidence that house price rises are slowing after January peak

Dutch News  

There is more evidence that the rise in house prices is slowing, with the increase recorded in March down for the second month in a row. House prices for existing buildings were up 19.5% year on year in March, compared with 20.2% in February and 21% in January, when they reached a peak. Cooling breeze Earlier this month real estate …

More evidence that house price rises are slowing after January peak
2 years, 8 months ago

More evidence that house price rises are slowing after January peak

Dutch News  

There is more evidence that the rise in house prices is slowing, with the increase recorded in March down for the second month in a row. House prices for existing buildings were up 19.5% year on year in March, compared with 20.2% in February and 21% in January, when they reached a peak. Cooling breeze Earlier this month real estate …

‘Ridiculous prices’: Australians’ home ownership dreams turn sour
2 years, 8 months ago

‘Ridiculous prices’: Australians’ home ownership dreams turn sour

Al Jazeera  

Some Australians see buying a home as increasingly out of reach after a near tripling of prices in the last 20 years. “If doesn’t put housing affordability on the agenda for the government, I don’t know what will,” Nicola Powell, chief of research and economics at property marketplace Domain Group, said in a recent press release. “We have got ourselves …

Property boom over in Sydney and Melbourne — but prices still rising elsewhere
2 years, 8 months ago

Property boom over in Sydney and Melbourne — but prices still rising elsewhere

ABC  

The housing boom in Sydney and Melbourne seems to be over, with house prices in both cities falling last month, despite a national uptick in the monthly growth rate. Key points: National home values rose 0.7 per cent in March, according to CoreLogic Brisbane, Adelaide and regional had the biggest rises Prices in Sydney and Melbourne fell, lagging well behind …

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