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Melbourne house prices

This Month

The suburbs where house prices slumped by up to $288k in three months

The pressures of high interest rates and poor affordability triggered a decline in median house values in some of the country’s most expensive markets.

  • Nila Sweeney

Sydney’s home values on course to fall in the coming months

The sharp rise in listings along with high interest rates and worsening housing affordability has slowed price growth across the board.

  • Nila Sweeney

September

These newly minted million-dollar suburbs are breaking records

More neighbourhoods are poised to cross the seven-figure median milestone in the coming months as prices continue to rise.

  • Nila Sweeney

RBA decision to hold on rates won’t help home buyers: experts

The housing market won’t get much of a boost from the RBA’s decision to keep rates steady, although some investors may be willing to jump in early.

  • Nila Sweeney

Cheap no more: where the buyer rush has blunted home affordability

Housing affordability has worsened sharply in some of the country’s cheaper areas amid strong demand.

  • Nila Sweeney
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Where sellers scored a $600,000 profit flipping houses

Houses around the country sold within two to four years of purchase rewarded sellers with handy solid profits, according to CoreLogic.

  • Nila Sweeney
Residential property profits jumped to a record $285,000 nationwide in the June quarter, helped by ongoing increases in home values according to CoreLogic.

The suburbs where profits from home sales surged

Profits from residential property sales rose to a new peak but could soon hit a limit, according to CoreLogic.

  • Nila Sweeney
Perth property developer Nigel Satterley.

Melbourne is ‘dead’, says property mogul

Nigel Satterley, Australia’s biggest private residential land developer, dismissed fears the good times are over for Perth’s property market.

  • Tom Rabe

Substantial rate cuts needed before buyers will return: experts

Even a 0.25 percentage point reduction in the cash rate would have little impact on affordability for most middle and lower income buyers.

  • Nila Sweeney

Why spring property is turning in favour of Sydney buyers

For the first time in years, house buyers have an edge. The fear or missing out has eased with prices moderating in Sydney and falling In Melbourne.

The suburbs where housing risks are rising

Risks of sharper house price declines are emerging across many areas in Melbourne as listings surge and demand falls.

  • Nila Sweeney
The turnover in apartments is slowing.

Unit owners hold tight as growth slows and transaction costs rise

Hold periods for units have blown out above the decade average as owners delay selling.

  • Nila Sweeney
Land for housing is at an all-time low, as demand grows.

Adelaide, Perth overtake Melbourne home values

The shift in ranking was partly compositional, but it also reflected Melbourne’s deepening downturn.

  • Nila Sweeney
Compare the pair: architects want to build more homes straight up, like Austin Maynard’s award-winning ParkLife apartment building in Brunswick (left), but councils often impose upper-level setbacks (seen on the right) to reduce visual bulk and shadowing. 

Lose ‘wedding cake’ look and build more flats: architects

Top architects including Nightingale boss Dan McKenna, Kerstin Thompson and Andrew Maynard say Victoria’s housing crisis means planning priorities must change.

  • Gus McCubbing
This house at Tennyson Point in Sydney sold for more than $1 million above reserve.

One-bathroom house beats reserve by $1m, but property slowdown looms

Analysts say mortgage stress is one of the likely reasons more houses are being offered for auction, and warn it could lead to prices stalling or even falling in some places.

  • Nila Sweeney
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August

Where home buyers can score the biggest bargains now

House sellers are slashing their prices by hundreds of thousands of dollars as fresh listings rise before spring.

  • Nila Sweeney
Property boom is a sign of wealth for those who own a home.

Number of homes for sale soar ahead of spring

Fresh listings are surging in some of the more expensive housing markets in Sydney and Melbourne as sellers rush to beat the competition.

  • Nila Sweeney

What home buyers want, according to search results

Home buyers’ priorities are shifting as cost-of-living considerations rise, making some lifestyle features less desirable.

  • Nila Sweeney

The suburbs where every seller pocketed $1m profit

Residential profits surged to a record high in the past financial year, boosted by strong price gains, according to Domain.

  • Nila Sweeney

Mortgage stress warning as owners sell despite falling prices

Home vendors in some pockets of regional Victoria are facing the toughest selling conditions in the country.

  • Nila Sweeney

Original URL: https://www.afr.com/topic/melbourne-house-prices-1mo3