Australia’s Housing Affordability Crisis Australia has recently been identified as the least affordable housing market among English-speaking countries. The annual Demographia study highlighted three Australian cities—Sydney, Melbourne, and Adelaide—as being among the top ten most unaffordable cities globally. Sydney was particularly notable, ranking as the second most unaffordable city for the...
Australia’s Multi-Speed Property Market The Australian property market is displaying significant regional variations, with dramatic differences in price changes across capital cities and regions over the past year. From May 2023 to May 2024, median home values have seen varied growth: Perth: +22% Brisbane: +16.3% Adelaide: +14.4% Sydney: +7.4% Darwin: +3.5% Canberra:...
Sydney Property Surge: Listings Soar in Key Suburbs Sydney’s property market is seeing a significant shift as the number of available homes has skyrocketed in certain suburbs. This surge in listings is expected to bring much-needed relief to home buyers, easing competition and slowing down the rapid price growth seen in recent years. Recent data shows that the number of new property listings in...
Housing Market Insights Addressing the Housing Crisis Recent expert discussions have highlighted potential solutions to Australia’s housing crisis without necessarily building more homes. Encouraging empty nesters to downsize and optimizing the use of existing housing stock could significantly alleviate the shortage. While high rents are pushing people to return to share households, building more...