Tag #Australian Housing Market

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smh.com.au

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Jun 10, 10:11

Australian Home Prices Hit $1 Million Amid Affordability Crisis

The average Australian home price reached $1,002,500 in the March 2025 quarter, a 5.9% annual growth despite the Albanese government's efforts to combat the housing affordability crisis, while the National Housing Accord is projected to fall short by 262,000 homes.

Australian Home Prices Hit $1 Million Amid Affordability Crisis

The average Australian home price reached $1,002,500 in the March 2025 quarter, a 5.9% annual growth despite the Albanese government's efforts to combat the housing affordability crisis, while the National Housing Accord is projected to fall short by 262,000 homes.

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How does the Albanese government plan to address the housing affordability crisis, and what are the potential challenges?

Despite the slowdown, all states and territories saw growth. The Albanese government aims to improve housing affordability, but its National Housing Accord is projected to fall 262,000 homes short of its target. The government plans to address this by simplifying planning schemes and reducing building regulations.

smh.com.au

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May 6, 01:16

AMP Launches 10-Year Interest-Only Home Loan Amid Affordability Concerns

AMP launched a new 10-year interest-only home loan for pre-retirees and first-home buyers, despite warnings about the risks, particularly for owner-occupiers; Canstar modeling shows a \$600,000 mortgage could accrue nearly \$150,000 in extra interest over the life of the loan.

AMP Launches 10-Year Interest-Only Home Loan Amid Affordability Concerns

AMP launched a new 10-year interest-only home loan for pre-retirees and first-home buyers, despite warnings about the risks, particularly for owner-occupiers; Canstar modeling shows a \$600,000 mortgage could accrue nearly \$150,000 in extra interest over the life of the loan.

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How do the risks associated with interest-only loans for owner-occupiers differ from those for investors?

The new AMP loan reflects a broader trend: while interest-only loans were less popular recently due to tighter lending criteria and higher interest rates, this product targets specific demographics facing affordability challenges, particularly pre-retirees struggling with rising living costs. This contrasts with government policies promoting homeownership, creating tension between regulatory and political aims.

theguardian.com

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Apr 16, 22:13

Australia's Housing Market Slows Amidst Million-Dollar Home Norm

Despite a slowdown in growth due to high interest rates and affordability issues, median house prices in five Australian capital cities exceeded \$1 million in March 2024; however, unit prices fell in several cities.

Australia's Housing Market Slows Amidst Million-Dollar Home Norm

Despite a slowdown in growth due to high interest rates and affordability issues, median house prices in five Australian capital cities exceeded \$1 million in March 2024; however, unit prices fell in several cities.

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What is the overall impact of high interest rates and affordability concerns on Australia's housing market growth and price trends?

Australia's housing market shows slowing growth, with home prices rising at their slowest rate in two years and unit prices falling in some cities. Despite this, median house values in five capital cities have surpassed \$1 million, and apartment values reached record highs in Sydney and Brisbane. This slowdown is attributed to high interest rates and affordability challenges.

dailymail.co.uk

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Apr 1, 01:18

Dutton Campaigns to Relax Australian Home Lending Rules Amid Soaring House Prices

Peter Dutton's Coalition is campaigning to relax Australia's strict home lending rules to help younger Australians buy homes amid soaring house prices in affordable suburbs, citing a systemic bias against those without inherited wealth created by a three-percentage-point interest rate stress test.

Dutton Campaigns to Relax Australian Home Lending Rules Amid Soaring House Prices

Peter Dutton's Coalition is campaigning to relax Australia's strict home lending rules to help younger Australians buy homes amid soaring house prices in affordable suburbs, citing a systemic bias against those without inherited wealth created by a three-percentage-point interest rate stress test.

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What are the immediate impacts of Australia's strict home lending rules on young Australians seeking to buy their first home?

Peter Dutton's campaign aims to ease Australian home lending rules, aiming to improve homeownership rates for younger Australians. Soaring house prices, particularly in affordable areas, are making homeownership increasingly difficult for average-income earners. The current system, with strict lending rules and stress tests, disproportionately impacts those without familial financial support.

smh.com.au

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Mar 27, 22:11

Australian Property Prices Set to Rise, But at a Slower Pace

Economists forecast Australian property prices to rise in the next five years due to limited supply and strong demand, although growth rates will likely be slower than in the past five years, particularly in Melbourne, where government debt and unemployment are dampening factors; however, Brisbane i...

Australian Property Prices Set to Rise, But at a Slower Pace

Economists forecast Australian property prices to rise in the next five years due to limited supply and strong demand, although growth rates will likely be slower than in the past five years, particularly in Melbourne, where government debt and unemployment are dampening factors; however, Brisbane i...

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What are the primary factors driving the projected increase in Australian property prices over the next five years, and what are the expected growth rates compared to previous years?

Economists predict a rise in Australian property prices over the next five years due to factors like limited housing supply and persistent demand. However, growth rates are expected to be lower than the previous five years, particularly in Melbourne, influenced by factors such as government debt and higher unemployment.

smh.com.au

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Mar 9, 04:07

Sydney Auction Clearance Rate Hits Year High at 68 Percent

Sydney's February 2025 home auction clearance rate hit 68 percent, a year high driven by increased buyer confidence after an interest rate cut, exceeding even February 2024's 68.2 percent; premium areas like the inner south west (73.4 percent) led the rebound, suggesting potential price growth.

Sydney Auction Clearance Rate Hits Year High at 68 Percent

Sydney's February 2025 home auction clearance rate hit 68 percent, a year high driven by increased buyer confidence after an interest rate cut, exceeding even February 2024's 68.2 percent; premium areas like the inner south west (73.4 percent) led the rebound, suggesting potential price growth.

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What is the immediate impact of Sydney's record-high auction clearance rate of 68 percent in February 2025 on the housing market?

Sydney's auction clearance rate surged to 68 percent in February 2025, the highest in a year, driven by increased buyer confidence following a recent interest rate cut. This is significantly higher than the 18.9 percent of auctions withdrawn in February, compared to almost 25 percent in October 2024. The strong result suggests a potential market upswing, exceeding even the February 2024 rate of 68.2 percent.

smh.com.au

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Jun 2, 10:12

Australian Housing Prices Rise Despite Affordability Crisis

Australian house prices are rising despite an affordability crisis, defying expert predictions. Low interest rates, housing shortages, and government policies contribute to the problem, while the market's layered nature and cultural obsession with homeownership further complicate the issue.

Australian Housing Prices Rise Despite Affordability Crisis

Australian house prices are rising despite an affordability crisis, defying expert predictions. Low interest rates, housing shortages, and government policies contribute to the problem, while the market's layered nature and cultural obsession with homeownership further complicate the issue.

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Why are Australian house prices rising despite a widespread affordability crisis?

Despite an affordability crisis, Australian house prices continue to rise, with economists predicting a 10% increase next year. This contradicts the theory that affordability limits price growth, as the median capital city home price has reached $1 million. Falling interest rates fuel this rise, historically boosting the market more than rate increases depress it.

smh.com.au

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Apr 22, 01:12

High Stamp Duty Costs Fuel Calls for Australian Land Tax

Soaring Australian house prices are driving up stamp duty costs, reaching \$75,000 in Sydney and \$57,000 in Melbourne, prompting economists to call for a shift to a land tax to boost housing mobility and economic efficiency.

High Stamp Duty Costs Fuel Calls for Australian Land Tax

Soaring Australian house prices are driving up stamp duty costs, reaching \$75,000 in Sydney and \$57,000 in Melbourne, prompting economists to call for a shift to a land tax to boost housing mobility and economic efficiency.

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How do high stamp duty costs in Sydney and Melbourne specifically impact housing market dynamics and household mobility?

Sydney and Melbourne homebuyers now face substantial stamp duty costs, reaching \$75,000 and \$57,000 respectively for typical houses. Economists advocate for a land tax replacement, citing stamp duty's impediment to housing mobility and economic efficiency.

smh.com.au

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Apr 2, 19:13

Sydney Renters Face Record Highs Amidst Housing Crisis

Sydney's rental market hit record highs in March 2024, with weekly asking rents for houses averaging $775 and units at $725, leading to a 0.9% vacancy rate and increased financial strain on renters, potentially influencing the upcoming federal election.

Sydney Renters Face Record Highs Amidst Housing Crisis

Sydney's rental market hit record highs in March 2024, with weekly asking rents for houses averaging $775 and units at $725, leading to a 0.9% vacancy rate and increased financial strain on renters, potentially influencing the upcoming federal election.

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How do rising house prices contribute to the worsening rental crisis in Sydney?

The rental crisis is locking many Sydneysiders out of homeownership and exacerbating homelessness. High house prices, coupled with limited housing supply, force people into long-term rentals. This is particularly evident in the Central Coast, where rents increased significantly, possibly due to increased demand from those seeking more affordable options outside the city center.

theguardian.com

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Mar 31, 19:14

Australian Home Prices Surge After Rate Cut

Fueled by a February rate cut, Australian national home prices rose 0.4% in March 2025, reaching a new peak for the year; however, this increase is creating significant challenges for first-home buyers and renters.

Australian Home Prices Surge After Rate Cut

Fueled by a February rate cut, Australian national home prices rose 0.4% in March 2025, reaching a new peak for the year; however, this increase is creating significant challenges for first-home buyers and renters.

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How do rising home prices affect different demographic groups in Australia?

The recent price increase follows a 0.5% decline over three months. Annual price increases were significant in Adelaide (11.32%) and Perth (11.53%), while Melbourne saw a decline (-2.26%). National home prices have risen 48% over the past five years and are now more than eight times the median income, impacting homeownership rates among younger Australians.

smh.com.au

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Mar 11, 16:09

Affluent Suburbs Lead Australian Housing Market Rebound After Rate Cut

Following a Reserve Bank cash rate cut to 4.1 percent, February saw significant home value increases in affluent Melbourne and Sydney suburbs; Stonnington (Melbourne) rose 2.6 percentage points, and Sydney's Eastern Suburbs (north) rose 2.5 percentage points, driven by improved buyer sentiment and b...

Affluent Suburbs Lead Australian Housing Market Rebound After Rate Cut

Following a Reserve Bank cash rate cut to 4.1 percent, February saw significant home value increases in affluent Melbourne and Sydney suburbs; Stonnington (Melbourne) rose 2.6 percentage points, and Sydney's Eastern Suburbs (north) rose 2.5 percentage points, driven by improved buyer sentiment and b...

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How did the interplay of improved buyer sentiment and increased borrowing capacity influence the recent price swings in these high-value areas?

This rebound in high-value suburbs, historically early indicators of market recovery, reflects increased buyer demand and reduced seller supply. The increase in borrowing capacity from lower interest rates, coupled with improved market sentiment, directly contributed to these price swings, particularly in areas where prices had previously been falling.

smh.com.au

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Mar 2, 22:12

Perth Housing Market Slowdown Amidst National Growth

Perth's housing market slowed sharply in the last quarter with only a 0.1 percent increase in house prices, while units rose 2 percent, contrasting with stronger growth in Melbourne and Hobart; low housing stock and high construction costs are contributing factors.

Perth Housing Market Slowdown Amidst National Growth

Perth's housing market slowed sharply in the last quarter with only a 0.1 percent increase in house prices, while units rose 2 percent, contrasting with stronger growth in Melbourne and Hobart; low housing stock and high construction costs are contributing factors.

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What are the key factors contributing to the slowdown in Perth's housing market compared to other Australian cities?

Perth's housing market experienced a significant slowdown in the last quarter, with house prices increasing by only 0.1 percent. This contrasts sharply with Melbourne and Hobart, which showed stronger growth. The median house price in Perth is now $840,400, while units reached a median of $592,417, up 2 percent over the quarter.

Showing 13 to 24 of 32 results