Australian Property

The latest rental vacancy report from SQM Research showed that the nation’s vacancy rate fell to 1.0% in January 2025, down 0.1% from a year earlier.

CoreLogic’s results for February show that Melbourne is now the cheapest major capital city housing market in the nation. Melbourne’s median dwelling value was $772,561 at the end of February 2024, $124,052 (14%) below the national capital city median.

I noted yesterday the marvel of central planning housing in action.

From 1 April 2025, temporary residents will be banned from purchasing established dwellings for two years.

The Reserve Bank of Australia’s (RBA) 0.25% interest rate cut and expectations of more easing have delivered a strong rebound in Australian home prices, driven by Sydney and Melbourne.

Late last year, Charter Keck Cramer debunked the notion that rezoning Australian suburbs into high density will result in more affordable housing.

In January, Domain published the following chart showing how the percentage of income Australians spent to service mortgage repayments on a median-priced home had hit a record high of 50.6% at the end of 2024.

Yesterday Domain was upset that Peter Dutton was a crooked property investor.

The most significant information in Wednesday’s monthly inflation indicator from the Australian Bureau of Statistics (ABS) was the sharp decline in housing inflation.

Domain is upset with Peter Dutton.

The Albanese government’s target of building 1.2 million homes over five years remains hopelessly out of reach. On Tuesday, the Housing Industry Association (HIA) reported that new home sales increased by 4.1% in the month of January 2025, offsetting weaker sales in November and December 2024.

The Australian Bureau of Statistics’ (ABS) latest annual national accounts reported that Australia’s land was valued at $9.2 trillion in 2023-24, with residential land accounting for 84% ($7.7 trillion).

The Albanese government has set a fantastical target of building 1.2 million homes over five years, equating to 240,000 homes a year.

Melbourne’s population has increased by around 2 million people this century.

Domain is busy trying to argue Australians wouldn’t support Trump policies.

Australian housing affordability has never been worse.

The prospect of interest rate cuts from the Reserve Bank of Australia (RBA) has engineered a rebound in Australian house prices.

The gall of Treasurer Jim Chalmers is unbelievable. Following the Reserve Bank of Australia’s (RBA) decision to cut the official cash rate on Tuesday, Chalmers gave a “blunt” warning to landlords to pass the mortgage interest savings onto tenants.

This week, SQM Research revealed that Australia’s rental crisis reignited, with the national vacancy rate falling to 1.0% in January, down 0.1% year-on-year.

Policymakers want to force Australians to live in high-rise apartment towers, assuming it will improve affordability. Their assumption is incorrect, as data from the Australian Bureau of Statistics (ABS) shows that building a shoebox apartment is more expensive than building a detached house.

The pump-priming of Australia’s housing market is in full swing.

Only ten years late.

Last week, SQM Research released its January vacancy report, revealing that the national vacancy rate declined to just 1.0%, down 0.1% from January 2024.