Today
High-income households locked out of half of the housing market
The latest data shows an income of $172,000 is only enough to buy half of the homes on offer in Australia. Four years ago, it would buy 80 per cent of the market.
- Updated
- Nila Sweeney
This Month
Listings soar in Sydney and Melbourne as homeowners run down savings
Spring is the traditional selling season. But a flood of properties hitting the market is being driven by persistently high interest rates, economists warn.
- Michael Bleby and Joshua Peach
The cities predicted to miss house price downturn
The housing price dip in Sydney and Melbourne has intensified in the recent months, but this may not last long, experts say.
- Nila Sweeney
House prices fall in 40pc of Sydney suburbs
The city’s property market downturn is becoming more widespread as stock levels rise, borrowing capacity shrinks and affordability worsens.
- Nila Sweeney
Rising costs, longer lead times stymie unit sales
Higher construction costs – and longer build times – are holding back the development of cheaper flats, in another blow to housing affordability.
- Michael Bleby
House prices under pressure as clearance rate dips to lowest this year
Just 63 per cent of homes sold under the hammer this past week, according to CoreLogic, while Domain recorded an even lower figure of 57 per cent.
- Larry Schlesinger
Sydney house prices fall for first time in almost two years
The slowdown has been a long time coming but strong demand – and lower possible borrowing costs – mean the decline will be shallow, CoreLogic says.
- Michael Bleby
October
Name and shame plan to speed housing approvals won’t work, states say
Victoria, Queensland, WA and SA have rejected the idea of publishing the housing approval records of local authorities.
- Michael Bleby, Tom Rabe and James Hall
The value of the housing market hits a record $11 trillion
The value of the country’s residential market is expected to rise higher in coming years, but the rate of price growth is poised to slow in the months ahead.
- Nila Sweeney
The undervalued suburbs where buyers can bag bargains
Home buyers could potentially nab a good deal in these undervalued housing markets.
- Nila Sweeney
Investor demand for homes outstrips supply
More investors are entering the market than are bailing out, as expectations grow that interest rates will be cut within months.
- Nila Sweeney
Couple makes $2m selling the same home twice in a decade
It seemed like a good idea to go back to their old family property, but this empty-nester couple discovered it wasn’t what they had hoped it would be.
- Michael Bleby
Sydney leads housing market slowdown as clearances fall
Sustained higher interest rates, a softening economy and consumer confidence are starting to bite the country’s east-coast-dominated housing markets.
- Michael Bleby
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
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
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