Australia could be on the brink of a scorching summer in the property market, with buyers energized by the prospect of potential interest rate cuts expected in 2025. Traditionally, the real estate market slows in December before picking up momentum after the Christmas and New Year holidays. However, this summer may break the trend as homeowners and buyers closely monitor hints of interest...
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The gap between Sydney and Brisbane home prices continues to close, with new data showing a difference of just $244,000 between the two cities. Brisbane's median home price reached a record high of $868,000 in November, rising 0.28% or $13,000, according to the latest PropTrack Home Price Index released on Monday. This marks a significant increase from $855,000 in September, with...
Australia could be on the verge of a major property market upswing in 2025, provided a critical event unfolds early in the year, according to a new report. SQM Research’s Christopher’s Housing Boom and Bust Report 2025 forecasts the year’s property market trends, considering various economic scenarios. Under the most likely “base case” scenario — which assumes a 25-50 basis point...
In a remarkable political resurgence, Donald Trump has reclaimed the US presidency, securing a decisive victory over Democratic candidate Kamala Harris. While there’s been considerable speculation about the implications of a Trump administration for the US, Middle Eastern and Ukrainian conflicts, and US-China relations, Australians may wonder: what could a Trump presidency mean for Australia,...
New data reveals that home prices across the country reached record highs in October, with most capital cities seeing monthly price growth. One previously slow-growing city, Melbourne, is leading the resurgence. The PropTrack Home Price Index shows Melbourne posted the strongest monthly increase among capital cities, with a 0.5% rise in median dwelling price, now sitting at $793,000. Adelaide...
A recent analysis on Queensland’s state election impacts predicts notable shifts in the residential property market once voting concludes. Research by Place Advisory, based on data from the past three electoral cycles, indicates that property sales could experience a substantial double-digit increase post-election. The projections suggest that regardless of the winning party, market...
The dream of homeownership, with its hefty mortgages and long-term commitment, isn’t always the only path to a fulfilling life in Australia’s vibrant cities – here are the suburbs where it’s cheaper to rent than buy. In the wake of the pandemic, the Australian real estate landscape has undergone a dramatic transformation. A year ago, a majority of dwellings across...
Though the 2032 Olympics are still eight years away, property experts are already predicting a significant impact on the market, with potential property value increases of up to 50% leading up to the event. REA Group CEO Owen Wilson forecasts this rise, citing the continued strong demand in Southeast Queensland. "It's simply a matter of supply and demand. With more people wanting...
Buying a home is one of life's biggest events, and an increasing number of buyers are choosing to build their own. In a significant shift, nearly one in three Australian homebuyers, or around 31%, now prefer building their own new homes over purchasing existing properties. According to the March to December 2023 ABS Building Activity reports and PropTrack data, more than a quarter of total...
The increasing wealth of thousands of Australians is set to elevate many to millionaire status within the next five years, according to a new global report. This rise in wealth is primarily attributed to the booming housing market and growing returns on superannuation assets, as noted by one economist. However, the report also indicates a growing wealth inequality. The Global...