Australian house prices fall seven months in a row but pace of decline slows
2 years, 4 months ago

Australian house prices fall seven months in a row but pace of decline slows

ABC  

National house prices have fallen in November but the pace of decline has slowed as low stock levels persist and buyers push ahead with purchasing despite rising interest rates. Key points: CoreLogic says national home prices fell 1 per cent in November, and by 3.2 per cent annually Unit values have fallen at half the rate of houses However, a PropTrack survey shows national home prices falling 0.16 per cent in October, and rising 1.08 per cent annually Property data firm CoreLogic said home values across the country fell a further 1 per cent in November from a month earlier, with the median home price now at $714,475. PropTrack report Rival survey, REA Group's PropTrack Home Price Index, showed national home prices fell 0.16 per cent in November. That is an acceleration from the PropTrack Home Price Index's October report, which found home prices fell by just 0.06 per cent, the smallest fall since home prices peaked in March 2022. "A further 25-basis-point rate rise, taking the cash rate above 3 per cent in December is all but certain," Ms Creagh said.

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History of this topic

How Australia's housing market spun out of control — and what we can do to fix it
3 weeks, 4 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 …

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

Australian home prices tipped to keep falling in early 2025
2 months, 3 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 …

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

National house prices losing steam
4 months 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
4 months 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, 1 week 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, 1 week 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, 3 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, 4 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
5 months 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 …

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

In New Zealand, interest rates have started to fall. This is the impact on the housing market
7 months ago

In New Zealand, interest rates have started to fall. This is the impact on the housing market

ABC  

Across the ditch, economists say New Zealanders can now see "the light at the end of the tunnel" of high interest rates after the country's central bank announced the first cut in more than four years and signalled more were on the way. "The first cut is the deepest, to quote Rod Stewart," ANZ chief economist in New Zealand Sharon …

CoreLogic data suggests cost of buying a house in Canberra is stabilising as units decrease in value
7 months 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
7 months 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, 1 week 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," …

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, 1 week 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, 1 week 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, 3 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, 3 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
10 months 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
10 months 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 …

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

Latest figures show huge change to Australia's property market compared with a year ago
10 months, 1 week 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
11 months 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 …

The surprising major city in Australia where houses are still affordable
11 months ago

The surprising major city in Australia where houses are still affordable

Daily Mail  

Melbourne is still a surprisingly affordable city for average-income borrowers looking to buy a house near the water and be a reasonable commute from the city, new figures show. Melbourne is still a surprisingly affordable city for average-income borrowers looking to buy a house near the water and be a reasonable commute from the city Frankston North, a one-hour train …

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

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 …

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 …

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 …

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, 2 months 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 …

The one mistake Aussies are making when buying a house - and the things you should be looking for
1 year, 3 months 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 …

How Sydney's lack of housing supply makes it so much more expensive to live in than Melbourne
1 year, 3 months ago

How Sydney's lack of housing supply makes it so much more expensive to live in than Melbourne

ABC  

Tasked with finding a new place to live, Sydney woman Alexandra Koster weighed up her renting options, and made the move down to Melbourne. According to PropTrack senior economist Eleanor Creagh, Sydney house prices over the past year grew 8.4 per cent, compared to Melbourne's 1.39 per cent. The pandemic plunged both cities into a lower rental market, but overall …

Property values are tipped to reach a new high. Here's how much prices have risen in each capital city
1 year, 5 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 …

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal
1 year, 11 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 …

Sunrise host David Koch busts a common 'baby boomer' housing myth
2 years ago

Sunrise host David Koch busts a common 'baby boomer' housing myth

Daily Mail  

Sunrise host David Koch has explained why younger Australians have it tougher than older generations when it comes to buying a home. Sydney's median house price of is $1,217,308 and a borrower needs a 20 per cent deposit of $243,461. In 2023, Sydney's median house price of is $1,217,308 and a borrower needs a 20 per cent deposit of $243,461. …

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

Brisbane and Hobart house prices set record for largest, fastest drop
2 years, 2 months ago

Brisbane and Hobart house prices set record for largest, fastest drop

ABC  

Brisbane and Hobart house prices have fallen sharper and faster than ever before after a "specular upswing" through COVID-19, according to property analysts CoreLogic. Key points: Property values dropped 10.9 per cent in Brisbane, and 9.3 per cent in Hobart Both cities saw values soar during COVID-19 The decline was steeper still in Sydney, but the NSW capital is yet …

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

Revealed: Where in the UK house prices have dropped the most
2 years, 2 months ago

Revealed: Where in the UK house prices have dropped the most

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. Average house …

Australian housing values were down 5.3 per cent in 2022. Here's what's happening in your area
2 years, 3 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
2 years, 3 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 …

Why Australian house prices could begin to recover again in 2023 and 2024
2 years, 3 months ago

Why Australian house prices could begin to recover again in 2023 and 2024

Daily Mail  

Houses prices could recover a lot sooner than the experts are predicting despite fears of more interest rate rises. A Canstar survey of 2,157 Australians showed 60 per cent of respondents were in fact expecting house prices in their state to remain stable, grow or possibly even skyrocket before the end of 2024. Houses prices could recover a lot sooner …

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million
2 years, 4 months 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 …

Will house prices go up in 2023? The answer largely depends on interest rates
2 years, 4 months ago

Will house prices go up in 2023? The answer largely depends on interest rates

ABC  

Australian house prices will rise in 2023 if the Reserve Bank pauses rate rises and inflation drops, according to a new report from property analysis firm SQM Research. Key points: A new report expects property values to rise next year The forecasts depend on the cash rate not going above 4 per cent The big four banks are less optimistic …

The idyllic places by the beach where house prices are PLUNGING
2 years, 4 months ago

The idyllic places by the beach where house prices are PLUNGING

Daily Mail  

Idyllic places by the beach have suffered some of the sharpest house price falls as a result of surging interest rates. Byron Bay on the NSW far north coast is among the hardest hit markets with the median house price in this council area plunging by 15 per cent in the year to October. Where house prices are PLUNGING BYRON …

Warning Australian property prices will start to slide even faster
2 years, 5 months ago

Warning Australian property prices will start to slide even faster

Daily Mail  

Australia's property market downturn could worsen amid fears of another super-sized interest rate rise - with a lot more to come. House prices in every capital city market went backwards in October following six consecutive monthly Reserve Bank interest rate increases, new CoreLogic data showed Australia's mid-point house and unit price fell by 1.2 per cent in October to $721,018, …

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