The Business Times
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Australia housing

Property

Australia’s home prices grow at slowest pace since Jan 2025

Every capital city reports weaker growth in April: property consultancy

House prices and rents in Australia have skyrocketed in recent years, driven by a dearth of housing supply and rapid population growth.
Property

Australia’s housing crisis set to worsen on Iran war fallout

Surge in oil prices leading to cost spikes of as much as 40% for some materials in the building sector

The fall coincided with falling auction clearance rates and a pick-up in advertised supply, property consultancy Cotality said in a report.
Property

Sydney, Melbourne home prices decline as affordability bites

Sydney fell 0.1% while Melbourne declined 0.2%

Sydney is typically a harbinger for the broader market and its flat reading comes after the RBA in February became the first major central bank to increase borrowing costs this year.
Property

Sydney home prices flatline while rest of Australia stays strong

Money markets and many economists expect the RBA will raise rates again in May to 4.1%

Sydney is already Australia’s most expensive housing market, with a median price approaching A$1.3 million, according to Cotality.
Property

A wealthy Sydney suburb braces for a fight over 10,000 new homes

The growing dissent in this village-like suburb is more than a local planning dispute

Affordability will further deteriorate unless “wage growth accelerates meaningfully, or a step change in rental supply” occurs, says Cotality's research director, Tim Lawless.
International

Australia’s rental affordability hits record low: property consultancy Cotality

Households renting spent a record-high average of 33.4% of their pre-tax income to keep a roof over their head in Q3

Over the past five years, weekly rents nationwide have jumped 42.4%, compared with an 8.2% gain in the preceding five-year period to January 2021.
Property

Australia’s home-price gains accelerate even as rate hike looms

Perth has recorded the fastest price growth at 2%

Given most Australian borrowers are on floating-rate mortgages, this turnaround is likely to quickly flow through to sentiment.
Property

Australia’s home-price gains cool with RBA pivot denting outlook

Central bank governor Michele Bullock has all but ruled out further rate cuts

About 70% of Australian properties are standalone dwellings.
Property

Australia could tackle housing crisis with ‘gentle density’ plan

The government aims to deliver 1.2 million new homes by 2029 to help ease the housing shortage

Sydney, the nation’s most expensive market, has risen 37.4% since 2020.
Property

Aukus set to further fuel Australia’s hottest housing market

Property prices in Perth are already on a tear, fuelled by population growth, tight supply and a robust local economy

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