Property Prices Rise for 20th Consecutive Month, but Growth is Slowing
Reading Time: 5 minutesAustralia’s national property market is currently sending mixed signals. While the country has seen an impressive run of 20 consecutive months of property price growth, the pace of this growth is showing signs of slowing down. 20th Consecutive Month of Growth According to CoreLogic, Australia’s median property price rose by 0.4% in September 2024, marking […]
20 Years of House Prices: Adelaide Leads the Way
Reading Time: 2 minutesWhich Australian capital city has seen the strongest house price growth over the past 20 years? According to median house price data from the Australian Bureau of Statistics (ABS), Adelaide takes the top spot, with an impressive 209% growth from June 2004 to June 2024. Here’s how the other capital cities compare: The data demonstrates […]
Australia Not Building Enough Homes, Says Minister
Reading Time: 3 minutesAustralia is grappling with a housing crisis that has been developing over decades, according to Federal Housing Minister Clare O’Neil. Speaking at the AFR Property Summit, Minister O’Neil explained that the gap between incomes and house prices began widening in the 1980s and has accelerated since the late 1990s. “At the turn of the century, […]
Household Savings Well Below Long-Term Average
Reading Time: 4 minutesIn a clear sign of how tight household finances have become for many Australians, the latest data from the Australian Bureau of Statistics (ABS) reveals that the average household saved just 0.6% of their income in the June quarter. This marks a significant drop from previous years and highlights the growing financial strain on households […]
Brokers Now Originate Nearly Three-Quarters of New Home Loans
Reading Time: 2 minutesMortgage brokers have cemented their place as the go-to source for home loans, with their market share increasing significantly over the past four years. In the June 2024 quarter, brokers originated 73.7% of all new home loans, according to data from Comparator, commissioned by the Mortgage & Finance Association of Australia. This marks a significant […]
Rents Remain Unchanged for Second Straight Month
Reading Time: 2 minutesAt first glance, the rental market might appear to be booming, with many areas having experienced strong rental growth over the past year. However, the latest data suggests this trend may be slowing down. In August, the national median rent remained unchanged for the second consecutive month, according to CoreLogic. While rents didn’t decrease, they […]
