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Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Growth in national house prices is set to decelerate this year, especially in major markets like Sydney and Melbourne. The forecast anticipates a 6-7% increase in capital city housing prices in 2024, which is expected to taper to 5-6% in 2025 due to a slowdown in population growth and an increase in housing availability. Despite the deceleration, demand continues to surpass supply on a national level, with residential construction activity remaining low despite strong demand. Population growth remains high, contributing to the ongoing imbalance. Looking ahead, a further uptick of around 5% is projected for 2026. Stay informed about the evolving trends in the housing market: (https://lnkd.in/g3MTSXnz) Debbie Becker, Toby Lim , Andrew Newsham , Tony Perugini , Aaron Landorf , Chris Dinow

Brisbane's housing market is expected to stabilize after a period of rapid growth. By mid-2025, the median house price is projected to be around $819,000. Rental markets, particularly in units, will remain tight due to migration and supply issues, with rents potentially rising by 19% Stay informed about the latest trends and developments in our industry https://lnkd.in/gyF-RH8t

Melbourne's housing market has performed poorly since the onset of the pandemic, pushing its home values 33.1 percent lower than Sydney's—the widest gap since October 2000 and well below the 19.7 percent average difference over the past 20 years, according to CoreLogic. Melbourne's dwelling values are now 8.8 percent cheaper than Brisbane's, the first time such a discount has been recorded since the series started 30 years ago. Historically, Melbourne's home values had been higher by an average of 13.7 percent over the past two decades. Meanwhile, the city's property values have fallen 10.8 percent below the combined capital city benchmark, the lowest since 2007. Perth's home values are just 3.4 percent away from matching Melbourne's prices, while Adelaide only needs to rise by more than 2 percent to overtake Melbourne. Over the past 20 years, Melbourne property prices have been stronger by 14.6 percent compared to Perth and 31.4 percent higher than Adelaide. Given this context, Melbourne's undervalued housing market could become more attractive to investors compared to other capital cities.