Rent Surge Returns in Early 2025 After slowing late last year, rent prices have surged again, with PropTrack reporting a 1.6% rise in the March 2025 quarter. The national median weekly rent now sits at $630, up 5% from a year ago—adding around $1,560 annually for tenants. REA Group economist Anne Flaherty said, “The speed […]
Million-Dollar Median Now in Five Cities Adelaide has officially joined Sydney, Melbourne, Brisbane, and Canberra as the fifth Australian capital city with a median house price above $1 million, according to Domain’s March House Price Report. Adelaide’s median now sits at $1,000,202. While house prices continue to climb, growth has slowed to a third of
Listings Rise, Prices Lift Australia’s housing market is showing fresh momentum, with falling interest rates boosting buyer confidence and listings. NAB executive Denton Pugh says the sector has “reached a turning point” following the RBA’s February rate cut, with further reductions expected. “This isn’t a boom, but the tone has changed,” he said, citing a
Rethinking Regional Population Growth New modelling reveals Australia faces significant demographic challenges, with inland areas losing population while coastal lifestyle regions boom. Between 2014 and 2024, Australia added 3.7 million people, mostly to major cities and coastal towns, according to Bernard Salt and data scientist Hari Hara Priya Kannan. The trend is set to continue,
Optimism Builds Despite Construction Slowdown New home construction may be at a decade low, but the Housing Industry Association (HIA) remains optimistic that policy changes can reignite growth and meet national housing targets. Just 168,050 homes began construction in 2024, well below the annual 250,000 needed to hit the government’s 1.2 million homes goal by
Banks Tip Rate Easing National Australia Bank now expects the Reserve Bank to begin cutting rates from May, forecasting a 50 basis point reduction, followed by a series of 25-point cuts through to February 2025—bringing the cash rate to 2.6%. The shift follows global uncertainty after US President Donald Trump paused plans for sweeping
Future-Proofing Our Suburbs Australia urgently needs 1.2 million new homes in the next five years — and the Housing Industry Association (HIA) believes “gentle density” could be the key. Gentle density refers to medium-density housing like townhouses, duplexes, and micro-lots, built within existing suburbs to boost supply without compromising community character. HIA Executive Director
Chasing Homes, Leaving Cities New data shows Sydneysiders are leaving in record numbers, with housing affordability driving the exodus. Between 2021–2024, Sydney lost over 129,000 people to internal migration — more than any other capital. Last financial year alone, 41,000 residents left, outpacing the city’s natural population increase. While Melbourne and Darwin also saw
Rents Rise, Relief Lags Rents have surged 14.2% over the past two years—more than double Australia’s inflation rate of 6.6%—according to Money.com.au’s analysis of ABS data. After rising 7.3% in 2023 and 6.4% in 2024, projections suggest rents could jump another 18% by 2030. Money.com.au Property Expert Mansour Soltani said the divide between renters
Housing Plans Go Head-to-Head Labor and the Coalition have launched housing policies aimed at helping more Australians onto the property ladder ahead of the 2025 federal election. The Coalition’s plan, led by Peter Dutton, offers first-home buyers of new builds a tax deduction on interest paid for the first $650,000 of their mortgage for
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