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Every Australian capital city recorded dwelling value increases in July, with the national 0.6% gain marking six consecutive months of growth since the first rate cut in February. With auction clearance rates hitting 74.7% and underlying inflation falling to 2.7%, the foundations for continued property growth are strengthening as we head into spring.
Property auctions hit 74.4% clearance as competition peaks at 3.1 bidders per property. Melbourne nears $1M median price.
Australian property wealth hits $11.5 trillion with 45% suburbs at peaks. Nearly half of Australia's 3,722 suburbs reach record values with Brisbane at 78.8% peaks. $11.5 trillion market sees 70%+ clearance rates as cuts loom.
The RBA held rates at 3.85%, surprising markets and economists who expected a cut. Governor Michele Bullock said the decision was about timing, not direction, with more data due before the next meeting.
Home values rose 0.6% in June as auction clearance hits 74.5%. With rate cuts likely next week, Australia’s property market enters a new growth phase.
Inflation has crashed to 2.1% – its lowest level in almost four years – and financial markets are responding with conviction.
Australian capital city growth rates converge to 9.8pp gap. Melbourne extends 70%+ clearance streak. Investor lending surges 16%. July RBA rate cut 91% likely.
Australia's property market rebounds from shortest downturn ever with all capitals posting gains. Markets price 80% chance of July rate cut.
Pre-approvals jump 30% following rate cuts as auction clearance rates hit 71.3% - second highest this year. Big Four banks predict more cuts through 2025 while housing shortage deepens. Discover why experts forecast 10-15% price growth and how smart investors are positioning ahead of the surge.