RESIDENTIAL PROPERTY
THE old adage that property prices double every seven to 10 years hasn’t held broadly up in Australia, where it’s taken more than 15 years for...
The latest PropTrack Market Insight Report shows that in May, the median house price nationally had doubled in 185 months...
“While property prices have risen significantly since the beginning of the pandemic, it has taken many years for median prices to...
Houses in capital cities doubled quicker than those in regional areas, at 14.3 years compared to 16 years respectively, while regional units actually...
Hobart houses doubled in price quicker than in any other region, taking just 6.8 years, and its units were also the fastest to reach the mark...
“Prices in Tasmania have previously been the cheapest in the country. With the rapid increases in prices over recent years...
“Rising interest rates and much higher prices, along with other economic and demographic factors, will weigh on the prospects of...
While housing is most expensive in Sydney, Melbourne and Canberra, prices have doubled faster in these cities than in...
Across the regions, Tasmania took just 5.8 years, ahead of the rest of NSW (9.4 years) and Victoria (9.6 years), with a large gap to...
For units, prices took 18.1 years on average to double in the capital cities. There was a large gap behind Hobart, with Melbourne...
The rest of NSW was fastest among the regions for unit prices, taking 13.1 years, followed by Victoria at 13.8 years...
Next was Tasmania 14.5 years, and the rest of Northern Territory (17.8), South Australia (17.9), Queensland (18.3), and Western Australia (18.6).