Signs of a slowdown, but records still falling Nationally, housing prices increased 0.4 per cent in the first month of spring and 6.7 per cent over the year, according to the latest study from CoreLogic. The median value of housing nationally now stands at $807,110. The data also shows that nationally home prices rose in September, but the pace of ...

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A Cooling Market With Growing Price-Sensitivity Sydney continues to have Australia's most expensive real estate, with a median dwelling value including both standalone houses and apartments of $1,180,463. Properties in some areas are still selling quickly, as noted by Domain: “Home buyers are snapping up properties fastest in sought-after Sydney neighbourhoods such as the inner west, the northern beaches and ...

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Sydney market slows again but prices keep rising Earlier this year, analysts were anything but united on whether the market could continue to build on the momentum gained earlier in the year. Most felt it depended on what happened with interest rates. Some thought a cut in interest rates would put pressure on property prices while others believed an interest ...

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In Sydney property, things are looking up. And further up.... According to a paper released by the Australian National University's Tax and Transfer Policy Institute, median house prices nationally doubled between the early 1980s and 2003, and again between 2003 and 2022. House prices weakened briefly in 2022 after an enormous upswing following the pandemic, but the downturn was short-lived, ...

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Sydney's rents and property prices slow a little but still rising Winter is usually a quieter period for Sydney property but this year might see a continuation of the momentum we've seen throughout spring and summer. One of the best reasons to say this is that the Reserve Bank has held the cash rate to 4.35 per cent, and there's ...

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Prices outgrow previous records, more planning reforms are introduced Sydney's median house price rose 2.1 per cent to $1,627,625 in the March quarter,. This is the first time the market has exceeded $1.6 million and is now 12.8 per cent higher since bottoming out in December 2022. The median unit price rose 1.9 per cent in the March quarter to ...

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Autumn leaves may fall, but not listings or prices When the RBA's board left interest rates unchanged at its March meeting it gave greater certainty to buyers and sellers in the property market, with data showing there are more properties listed for sale now than at the same time last year. The minutes of the RBA's March meeting also said ...

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Investors v Homebuyers, Minns v Councils – It's a war out there In the ongoing battle between investors and first-home buyers, it's the investors who are presently the more active of the two. So active that lending to investors is at a six-year high share of total home lending – 36 per cent, far outpacing the first-home buyers' share of ...

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Prices up, cash rate steady, affordability down 2024 is underway, with a Sydney property market that's still big on demand and short on supply. There's also an ever-growing set of challenges for those wanting to enter the market that are the result of recent economic developments, as is shown by new data from CoreLogic. Tim Lawless, CoreLogic's director of research, ...

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Politics and planning changes – a different Sydney for the future As part of its moves to take control of the state's housing targets and increase the supply of housing, the Minns government has decided to abolish the Greater Cities Commission and give responsibility for determining these goals to the NSW Planning Department. When the Commission produced its draft recommendations ...

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RBA, ABS, BTR, FOMO and the Law of Supply and Demand Domain's property journalist Melissa Heagney-Bayliss recently asked economists from the big four banks the question “what's the outlook for property prices in 2024?” Her conclusions from their answers were that house prices will rise between three per cent and five per cent; a lack of housing supply will keep ...

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Sydney's property rebound surges ahead as more rises forecast The rebound in housing prices across Australia has brought joy to homeowners but caused some problems for newly-installed RBA governor Michele Bullock. Along with the $336 billion resurgence in prices calculated by the Australian Bureau of Statistics has come more threats of inflation, and that's been a driver of cash rate ...

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Listings up, property prices up, interest rates steady August was quite a month in Sydney property, and September is following the trend. First, prices of Sydney property continue to rocket ahead. CoreLogic's figures showed Sydney's prices rose 1.1 per cent in August while more stock has begun arriving onto the market in time for the Spring selling season. New listings ...

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Population, property prices grow faster than house numbers Sydney's winter may deliver cooler evenings, but in the light of day the heated property market continues to bring price increases that Domain calls ‘hyper-growth'. Nationally, home values have shot upwards at the fastest rate since 2021, and in Sydney the median house price rose $500 a day during the first six ...

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Low supply and big demand, plus no prime rate increase, but for how long? June was yet another good month in the Sydney property market as figures from CoreLogic show. Sydney house prices rose 1.7 per cent in the month which takes the cumulative recovery to 6.7 per cent since January this year. This translates into a weekly hike of ...

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More gains likely for Sydney house prices and rentals Sydney housing prices are proving to be incredibly resilient, despite an economic slowdown and twelve interest rate increases in a little more than a year. Of all Australian capital cities, Sydney has continued to produce the largest price gains, with home values rising by 1.8 per cent in May – the ...

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A pause in rate rises and signs of a price recovery The Reserve Bank's decision in April to leave interest rates where they are brought a sigh of relief from almost everyone connected to the property market. It was a welcome break from the string of ten consecutive monthly rises in 2022 and 2023 that have impacted property prices across ...

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Sydney property looks forward to halt in interest rate rises With Australian property prices having fallen nationwide, largely as a result of the RBA's interest rate increases that have made it harder for borrowers to acquire funds for housing, there is naturally a mounting wave of speculation about when the price falls will stop and a cyclical upswing will get ...

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A buyer's market as price declines start to slow The most recent peak in Australia's house prices was in May 2022, and since then they've fallen by 8.4 per cent. Median values dropped in more than 2400 house and unit markets nationally in 2022, CoreLogic's Mapping the Market Report shows, with the downturn spreading to 51.7 per cent of analysed ...

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