RESIDENTIAL PROPERTY
A HOUSING shortage will see Brisbane, Perth and Adelaide outperform their capital city rivals for house price growth in 2024, according to ANZ, which is tipping national house price...
The major lender is expecting a similar 5% increase nationally in 2025 as more disposable income offsets the alleviation of the current supply shortage.
In its latest Australian housing chartpack, Housing outlook: Price growth to slow, ANZ senior economists Adelaide Timbrell and Blair Chapman said market indicators are...
“Listings and vendor discounts are (modestly) rising, as is median time on the market, while monthly price increases are slowing. Though auction clearance rates strengthened in...
That momentum has carried through to February, with the preliminary clearance rate holding above 73% for three weeks...
“Housing prices are at new peaks in these cities and lending in their respective states has grown stronger than other states over recent months, particularly for investors...
Total listings have increased sharply in Melbourne, have been relatively stable in Sydney, and continue to trend down in Brisbane and Perth...
Big four rival NAB earlier this month retained its forecast of a 5% rise in prices nationally this year and 4% in 2025. Commonwealth Bank is also predicting a 5% rise in 2024...
Demand still outpacing supply
Timbrell and Chapman said demand is still outpacing supply, and noted that residential construction activity is still well below its previous peak and...
Supply is the hot topic across the market, as the nation mulls how to alleviate the housing crisis. The Albanese government has introduced a raft of measures to...
The National Housing Accord has the aim of delivering 1.2 million “well-located” new homes, five years from July. However, the target has been described as “very unrealistic”...
The Housing Australia Future Fund is aiming to deliver 20,000 new social and 10,000 new affordable homes over the same five-year timeframe. The legislation passed...
In addition, the National Housing Accord Facility – part of the National Housing Accord – will aim to deliver a further 10,000 new affordable homes.