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After two years of soaring values and incredible sales results, experts have ruled Sydney’s pandemic-induced real estate boom “officially over”.
PRICES
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Data tracking property prices in Australia over the past 30 years reveals how some homebuyers hit multi-million-dollar jackpots by virtue of when they bought.
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Sydney, scene of some of the world’s fastest house-price growth, is showing early signs of turning down.
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Australia’s house prices are among the least affordable across the globe, with new data revealing Sydney and Melbourne sit in the top five least affordable citi…
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House prices in Perth by grew by an average of 2.9 per cent over the last quarter, but some suburbs have performed better than others.
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The value of Australia’s housing market now stands at close to $10 trillion after growing at the fastest annual pace in at least 18 years during 2021.
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Extreme weather events have been increasing in frequency but property experts believe it will take more than rain to dampen buyer demand.
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The median home price in the regional Victorian city of Geelong rose from $626,000 to almost $799,000 — on par with the median price in Greater Melbourne.
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Houses prices in some Sydney suburbs have dropped by a whopping $190,000 in the last three months.
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Brisbane property values could immediately drop if the market mirrors the experience in 2011, when the city last experienced a major flood event.
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Sydney’s CBD and inner south have topped a list of regions that experienced falling property prices last month.
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House prices in flood-affected suburbs in Brisbane are expected to underperform the broader market for a few years before bouncing back.
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