Property prices fall but avoid the predicted major slump: Domain House Price Report

House prices have fallen nationally by just 2 per cent over the last March-to-June quarter according to the latest Domain House Price Report. Yet some of the headlines in the media say “Property prices plummeting” Far from it! At a time when unemployment is rising and household incomes are shrinking, our housing markets have remained […]

Read More >>

Property rentals see biggest price drop in 15+ years

Unit rentals experienced the biggest price drop in more than 15 years, marking a historic rent price fall of 3.2% (equivalent to $15 per week) over the June quarter according to Domain. House and unit rental prices fell across most major capitals, illustrating no city was immune from the impact of coronavirus, with Sydney and […]

Read More >>

Here’s where the biggest property price falls have been since the onset of COVID-19

The stringent government response to COVID-19 has undoubtedly placed the property market cycle at the cusp of another downswing. So far, property value declines have been fairly mild. Nationally, the May home value index results show that the dwelling market declined just 0.4% over the month, and preliminary indicators for June are showing the rate […]

Read More >>

Property price outlook post Coronavirus

Australia’s housing sector has turned sharply as a deep economic shock from the COVID–19 pandemic has upended the market. The housing market is driven by owner-occupiers, where affordability and expected affordability are key, and by investors where confidence dominates. How this will play out moving forward was the subject of recent commentary by Westpac in […]

Read More >>