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Melbourne house prices

May

Lisa Murray and Michael Read

Are house prices about to take off again?

This week on The Fin podcast, economics correspondent Michael Read on why the Reserve Bank is cutting rates and what it means for people like him trying to buy a house.

This full-floor, three-bedroom apartment at 4/55A Prince Albert Road in lower north shore Sydney’s Mosman sold for $5.3 million.

$5.3m Mosman unit sold after talks as rate cut delivers patchy results

Property buyers are weighing up the benefit of lower borrowing costs versus global economic uncertainty – and reaching different answers.

Rich Lister and property developer Max Beck speaking at the Australia-Israel Chamber of Commerce Property Forum.

‘Problem, what problem?’ Developer Max Beck talks up Melbourne market

The Rich Lister is an outlier in an industry that is up in arms over Victoria’s property taxes, warning housing supply is being choked.

Experts warn lower homeownership rates will make poverty among retirees worse in coming decades.

Sydneysiders need $235,000 income for affordable housing: Jarden

Home buyers nationally need to earn an average of $161,000 to access an affordable home across the country according to a new report. In Sydney, it’s $235,000.

House prices hit a new high ahead of the election

House price growth is poised to gather steam next week and another interest rate cut this month, according to analysts.

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April

House prices in every electorate in Melbourne fell since the last election.

The electorates where house prices rose (and fell) the most

One in 15 electorates jumped more than 30 per cent since May 2022, but values fell in 60 seats according to a new analysis.

Peter Dutton and opposition housing spokesman Michael Sukkar on Tuesday.

Liberals want house prices to grow slower than wages

Peter Dutton declined to endorse comments from opposition housing spokesman Michael Sukkar on the campaign trail on Tuesday.

House prices jumped to records across several affordable suburbs in Sydney’s outer ring areas over the past three months.

The suburbs where house prices hit records

Expectations of deeper rate cuts along with demand-boosting Labor and Coalition housing policies could spark a sharp increase in prices this year, say analysts.

Average house prices surged 13.1 per cent a year in Howard’s 11 ½ years in power – far and away the biggest gain of any national leader in the past 35 years.

3 charts that show why housing is a key battleground for PMs

Residential property values have surged almost five times as much under Coalition governments than Labor ones over the past 35 years. Here are the reasons.

Prime Minister Anthony Albanese on the campaign trail with partner Jodie Haydon in Perth on Saturday.

Albanese offers first home buyers 5pc deposits, fuelling demand

The new policy is a dramatic expansion of the government’s first home guarantee scheme as Labor seeks to grab voters’ attention on the issue of housing.

Melbourne’s auction clearance rate hits nine-month high

The housing market seems to be defying the gloom and fear that has taken over sharemarkets in the past week, say agents and analysts.

The suburbs where house prices are rising (and falling) the most

House prices are climbing across more suburbs in Sydney and Melbourne as the recovery gathers steam.

The pace of house price growth eased dramatically in Sydney as the number of new listings grew.

Home prices climb to record high

The February interest rate cut has revived confidence and boosted demand, despite only a small improvement in affordability.

March

The housing affordability crisis has led to immigration restrictions, whacking IDP Education.

Housing market recovery gathers steam

With a helpful kick from the Reserve Bank’s first interest rate cut, Sydney and Melbourne house prices are climbing once again after modest recent declines.

Sydney’s affluent eastern suburbs are now among the most favourable housing markets for deep-pocketed buyers after prices fell as much as 13 per cent in the past year.

Wealthy suburbs turn to buyers’ markets as house prices slump

Deep-pocketed home buyers could land discounted houses in the country’s most expensive markets where prices have fallen over the past 12 months.

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The four-bedroom home on 1811 square metres at 8 Robertson Avenue in Melbourne’s Toorak sold for $19 million. 

Gentle pressure secures $19m Toorak sale

The first disclosed deal over $15 million in the city’s most expensive suburb this year suggests properties have started moving.

Nearly half of all apartments sold in central Melbourne during the December quarter were unprofitable due to poor capital gains, according to CoreLogic.

Last quarter’s least and most profitable housing markets revealed

Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.

Melbourne home buyers are becoming more bullish as the market starts to recover.

Melbourne’s home buyers turn bullish after rate cut

The city’s housing market recovery is forecast to gather steam as buyers embrace a better borrowing environment.

House prices in affluent suburbs such as Cremorne in Sydney’s lower north shore posted the sharpest turnaround in the past three months, according to CoreLogic.

The prestige suburbs leading Sydney and Melbourne rebound

Affluent Sydney and Melbourne suburbs are posting solid rebounds in price after previously suffering the largest declines from their peaks.

Richard Laettemaegi in Melbourne.

Melbourne’s housing values snap 10-month decline

Melbourne and Hobart lead the abrupt recovery, while Perth, Adelaide and Brisbane slowed sharply.

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