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Australia’s most expensive housing market gained almost 60% in only 12 months in 2021.
NEWS
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The relentless rise in house prices will ease, but not stop, in most major property markets next year, aggravating affordability as interest rates move higher.
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The latest Australian housing price statistics have revealed a staggering 23.4 per cent surge over the past 12 months.
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Australians are turning to increasingly risky and expensive mortgages as rising property prices outstrip wages growth, recent data shows.
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The auction market is cooling, but potential homebuyers hoping for bargains may be disappointed to find there’s still ample competition.
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Cooma, Braidwood and Yass are tipped to be property hotspots in 2022, as median house prices in Canberra continue to climb.
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According to the RBA, since 1991, the ratio of property debt to household income has more than doubled.
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Almost 60 per cent of Perth survey respondents thought WA prices were likely to increase in the next six months.
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A slice of tropical paradise has become one of the first properties in regional Queensland to be put up for sale for cryptocurrency.
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From houses that were built by mistake, to underwater blocks of land for sale, there were some pearlers that hit the market around the world.
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Australia's property market has surged through a record-breaking 12 months as prices rose at the fastest year-on-year rate in history.
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A combination of rising house prices and an influx of investors to the market is squeezing out first home buyers in South Australia.
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