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December 14, 2022
While the national median dwelling value has fallen for a seventh consecutive month, November saw the smallest decline (1.0%) since June. This is largely being driven by the easing rates of decline in both Sydney and Melbourne. That said, many other capital and rest of state markets have also seen their rate of decline start to slow.
On the rental side, markets remain extremely tight, with vacancy rates still sitting below 1% in most areas. This is continuing to put upward pressure on rents, though the rate of growth is easing in most locations. It is also combining with declining property values to drive rental yields back up from their recent record lows.
January 19, 2023
After slowing over the last couple of months, the rate of decline in the national median dwelling value has increased slightly. The 1.1% loss recorded in December means that the median Australian property price finished the year 5.3% lower than it started it. This is the first annual decline since 2018 and the largest since 2008.
February 19, 2023
After slowing over the last couple of months, the rate of decline in the national median dwelling value has increased slightly. The 1.1% loss recorded in December means that the median Australian property price finished the year 5.3% lower than it started it. This is the first annual decline since 2018 and the largest since 2008.
March 16, 2023
In somewhat surprising news, the monthly rate of decline in the national median dwelling value has slowed significantly, to 0.14%. This is largely due to an upswing in the Sydney market, which saw the city’s median price increase 0.3%. That said, almost all capital and regional markets saw a slowing of their rate of decline over the last month.
