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Property prices

This Month

Few analysts forecast a fall in Melbourne house prices in 2024.

Why housing economists got it wrong on Perth, Melbourne prices

Some of the country’s top economists missed the boom in Perth house prices in 2024, and almost no one expected Melbourne values to fall.

  • Larry Schlesinger

Emissions reporting boosts financial sustainability

Readers’ letters on emissions reporting, renewable energy, green-left politics, productivity, government advertising and an idea for state governments.

House prices are tipped to rise later in the year.

House prices tipped to rise 3pc in 2025

This year is expected to be a tale of two halves, after interest rate relief revives buyers’ appetites. But if there are no rate cuts, all bets are off.

  • Nick Lenaghan
Nicky Dhillon and wife Elise Lee at their family home which they are selling.

Thinking of buying a bigger home? This could be the year to do it

Falling house prices in the Sydney and Melbourne markets would favour buyers, particularly those who are upgrading, while a slowdown in price growth in other capitals could also offer buying opportunities, experts say.

  • Nila Sweeney
Lane Cove resident Meegan Eves has recently installed a personal sauna on the balcony of her apartment.

The hot new home trend everybody is obsessed about

People’s new-found focus on wellness and longevity is fuelling demand for the once-niche trend of saunas, but with a twist.

  • Nila Sweeney
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Ray White’s Jessica Cao says the lower price of apartments on Sydney’s North Shore could attract buyers this year.

Wealthy inner-city suburbs wear the most pain in weak property market

Home values fell in December for the first time in nearly two years. But the dip is much bigger in more expensive areas, while affordable regions soar.

  • Campbell Kwan
An auction in Melbourne’s Albert Park last month. The Victorian capital recorded a big slump in the median property price.

House prices are falling for the first time in nearly two years

A slight decline in the median home value in December was powered by an outsize slump in Sydney and Melbourne. Economists and realtors expect it to continue.

  • Nila Sweeney

December 2024

Catherine McIsaac is a home owner who turned an old penthouse on Saint Georges Terrace in Perth’s CBD.

Prestige home upgrades the elite can’t get enough of

From bold colours and loud textures to amenities that rival five-star hotels, home renovations in 2025 will be big on personality, moxie and luxury, experts say.

  • Nila Sweeney
Phill with wife Kerri Nixon is an investor who made 6-figure equity gains within 2 years.

10 suburbs for property investors to target in 2025

Investors can still score six-digit equity gain in 2025 despite the current housing market slowdown, but it requires thorough due diligence and smart property and area selection.

  • Nila Sweeney

Home sellers rake in record profits despite slowing market

More home sellers scored bigger profits in the September quarter, boosted by a broader lift in values nationally, but this could change next year, experts say.

  • Nila Sweeney
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Softbank woos Trump; Mother of all bubbles; 3 infuriating charts

Read everything that’s happened in the news so far today.

Residential mortgages are increasingly the preserve of the wealthy.

The 3 housing charts that should make young people furious

New data shows how housing is slipping even further out of the reach of younger people. The election will kick off a new debate on the problem.

  • James Thomson

Best (and worst) housing markets of the year

The growth momentum in the affordable end of the market is likely to carry through next year despite rate cuts.

  • Nila Sweeney
David Waterhouse at Sydney’s Villa Biscaya, which he purchased in 2020 then sold in 2023 for $26 million.

David Waterhouse sues buyer of his $26m harbourside mansion

There’s far more to the $26 million sale of David Waterhouse’s Villa Biscaya to investment banker Michael Rothner than was reported last year.

  • Myriam Robin
Clare O’Neil’s viral moment will stoke more debate about the housing market.

Minister’s viral house price moment exposes our ugly bind

Clare O’Neil has angered younger voters by suggesting she doesn’t want house prices to fall. Their angst is understandable, but there simply aren’t easy solutions here. 

  • James Thomson
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Sydney’s housing values fall further as rates stay on hold

The downturn in Sydney and Melbourne has accelerated in the past four weeks, but could turn around quicker if the RBA cuts rates in February, according to experts.

  • Nila Sweeney
High-end homes, such as interior designer Lauren Tarrant’s Gawith Court property that sold for $20 million, are selling off-market in Melbourne while Sydney slumps.

Sydney property slumps as buyers wait for price falls

The preliminary clearance rate for auctions in Sydney fell to 58 per cent – its lowest in a year – as buyers anticipate price falls.

  • Campbell Kwan
Bargain hunters could find heavily discounted houses in some of the most prestigious coastal suburbs as prices fall further.

The best beachside suburbs to grab a bargain before the year ends

As buyer demand dries out, sellers in these sought-after coastal suburbs are becoming more motivated to sell.

  • Nila Sweeney

Where price growth for apartments will outpace houses in 2025

Apartment price growth has lagged houses for decades, but this could change next year according to experts.

  • Nila Sweeney

Home sellers chop asking prices amid glut in listings

Weaker buyer demand and an influx of stock have prompted some vendors to slash their asking prices.

  • Nila Sweeney

Original URL: https://www.afr.com/topic/property-prices-60x