Unfortunately for owners and investors, there’s no relief in sight, as housing stock is set to rise steeply in years to come.

James KirbyAssociate Editor - Wealth James Kirby, Associate Editor-Wealth, is one of Australia’s most experienced financial journalists. James hosts The Australian’s twice-weekly Money Puzzle podcast.He is a regular commentator on radio and television, the author of several business biographies and has served on the Walkley Awards Advisory BoardHe was a co-founder and managing editor at Business Spectator and Eureka Report and has previously worked at the Australian Financial Review and the South China Morning Post. Since January 2025 James is a director of Ecstra, the financial literacy foundation.
A new report from CoreLogic RP Data has painted a very grim picture of Australia’s property market, with almost one in ten sales nation wide recorded at a loss. The smaller the capital city, the uglier the figures, with almost a quarter of Perth apartment sales failing to break even.