Tag #Australian Housing Market

Showing 1 to 12 of 32 results

smh.com.au
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Australian Auction Market Strengthens Amidst Interest Rate Cuts

Australia's auction market, particularly in Sydney and Melbourne, has seen its strongest performance in two years due to interest rate cuts boosting buyer activity while seller participation remains low, creating a supply-demand imbalance.

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16% Bias Score

Reduced Inequality
smh.com.au
🌐 65% Global Worthiness
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Docklands Units Take 37 Years to Double in Value

Docklands units took 37 years to double in median price, from $291,807 in April 1988 to $584,450 in July 2023, slower than the average 27.6 years for other inner-city Melbourne suburbs, due to oversupply of lower-quality apartments built in the 2010s and a lack of amenities.

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44% Bias Score

Sustainable Cities and Communities
smh.com.au
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Soaring Australian House Prices Exacerbate Affordability Crisis

Australian house prices are rising across major cities, reaching record highs in Sydney and other capitals due to a shortage of properties and recent cuts to official interest rates, exacerbating the housing affordability crisis despite a rise in dwelling approvals.

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36% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Melbourne Housing Market Recovers, Ending First-Home Buyer Boom

Melbourne's housing market is recovering from a period of price stagnation, influenced by increased taxes on investors and stricter building regulations, resulting in a slight price decrease below the December 2021 peak but prices remain high at $1,064,000 median.

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48% Bias Score

Sustainable Cities and Communities
smh.com.au
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Serviceability Tests, Not Savings, Halt Australian Homeownership

Fifteen percent of mortgage-free Australians aged 25-34 have saved enough for a 5% home deposit, but stringent serviceability tests and financial vulnerability among many mortgagors remain significant barriers to homeownership, despite government support and recent economic improvements.

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40% Bias Score

Reduced Inequality
smh.com.au
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Regional Australian Home Sellers Enjoy Massive Profit Gains Amidst Affordability Crisis

Australian regional home sellers enjoyed massive profit gains in the five years to March, with Noosa leading at \$378,250 median increase, driven by low interest rates and remote work trends; however, this created affordability issues for new buyers.

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40% Bias Score

Reduced Inequality
smh.com.au
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Australia Lowers Deposit Requirements for First-Home Buyers

The Australian government announced that it will bring forward its first home buyer support scheme, enabling buyers to purchase homes with as little as a 5 percent deposit starting October 1, 2023, instead of January 2026.

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48% Bias Score

No Poverty
smh.com.au
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Australia's Housing Market Shows More Equality, But Not More Affordability

Analysis reveals that the gap between Australia's highest and lowest priced houses has narrowed from 2.3 times to 1.9 times in the last three years due to higher interest rates and increased competition for affordable properties; however, inequality persists within certain suburbs, particularly luxu...

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44% Bias Score

Reduced Inequality
dailymail.co.uk
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Perth Housing Market Booms on Population Surge

Perth's median house price soared by 6.5% to $855,395, driven by strong population growth (2.4%) from both interstate and overseas migration (45,124 net increase), with affordable suburbs under $1 million seeing the most significant gains, particularly those near the city center; this contrasts with...

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48% Bias Score

Sustainable Cities and Communities
theguardian.com
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Simultaneous House Price Rises Across Australia's Capital Cities

Australia's eight capital cities saw simultaneous house price increases in the June quarter for the first time in four years, fueled by interest rate cuts and increased buyer demand; however, rising prices in some cities have created affordability issues.

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36% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Melbourne One-Bedroom Apartments Cheapest in Australia

Melbourne's median one-bedroom apartment price is $360,000, the lowest among major Australian cities due to oversupply, delayed building standards, and buyer preference for houses, impacting price growth and investor markets.

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40% Bias Score

Sustainable Cities and Communities
smh.com.au
🌐 75% Global Worthiness
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Soaring Australian House Prices: Population Growth and Housing Shortage Fuel Million-Dollar Market

Median house prices in Australian capital cities have dramatically increased over the past decade, with Sydney, Melbourne, and Canberra surpassing $1 million, driven by population growth and an undersupply of housing, impacting first-home buyers significantly.

Progress

24% Bias Score

Reduced Inequality

Showing 1 to 12 of 32 results