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Property prices

This Month

High-end homes, such as interior designer Lauren Tarrant’s Gawith Court property that sold for $20 million, are selling off-market in Melbourne while Sydney slumps.

Sydney property slumps as buyers wait for price falls

The preliminary clearance rate for auctions in Sydney fell to 58 per cent – its lowest in a year – as buyers anticipate price falls.

  • Campbell Kwan
Bargain hunters could find heavily discounted houses in some of the most prestigious coastal suburbs as prices fall further.

The best beachside suburbs to grab a bargain before the year ends

As buyer demand dries out, sellers in these sought-after coastal suburbs are becoming more motivated to sell.

  • Nila Sweeney

Where price growth for apartments will outpace houses in 2025

Apartment price growth has lagged houses for decades, but this could change next year according to experts.

  • Nila Sweeney

Home sellers chop asking prices amid glut in listings

Weaker buyer demand and an influx of stock have prompted some vendors to slash their asking prices.

  • Nila Sweeney

Have we hit an inflection point in the housing market?

The latest results from CoreLogic show the housing market has entered a new phase.

  • Nila Sweeney
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Sydney house prices have fallen for the past two months.

Rate cuts won’t stimulate a big upswing in house prices: CoreLogic

An undersupply of housing will protect the market from a sharp correction, but there won’t be a significant rise when rates fall, predicts Tim Lawless.

  • Larry Schlesinger

November

It’s an upgrader’s market with softer prices and more properties on offer.

Upgraders dominate the housing market as prices slow

People seeking bigger and better properties have edged out first home aspirants as the most active buyers for the first time this year, valuers say.

  • Nila Sweeney

How far will Sydney and Melbourne house prices fall in 2025?

High interest rates, unaffordable prices and increased listings are likely to send prices lower in 2025 in the country’s two biggest housing markets.

  • Updated
  • Nila Sweeney

Sydney home prices sink again as vendors rush to sell before auction

Sellers’ confidence is waning in the Harbour City amid a slowing market and shrinking pool of buyers.

  • Nila Sweeney
Affluent niche: sales of apartments targeting downsizers are booming.

The suburbs where apartment price growth is blitzing houses

Unit values are rising faster than houses in almost two out of three suburbs nationwide as housing affordability worsens.

  • Updated
  • Nila Sweeney
The government has been warned the plan will further punish potential homebuyers.

Why buying and selling a home is about to cost $1200 more

Amid Australia’s growing housing crisis, a new crackdown on money laundering is expected to add significant extra costs to property transactions.

  • Tom McIlroy
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Rio angers both sexes; Zelensky ups stakes; Fewer Chinese house buyers

Read everything that’s happened in the news so far today.

High-income households locked out of half of the housing market

The latest data shows an income of $172,000 is only enough to buy half of the homes on offer in Australia. Four years ago, it would buy 80 per cent of the market.

  • Updated
  • Nila Sweeney
Patricia Curtis-Kline inside her 20th floor apartment at Melbourne’s Royal Domain Tower.

Metricon widow puts $5m luxury pad on market

Patricia Curtis-Kline, whose husband George founded what became Australia’s largest home-builder, is preparing to leave her adopted home.

  • Michael Bleby
Greenfield developer Khurram Saeed says the Victorian government must keep releasing land to meet its housing targets.

How the Aussie dream is making the housing crisis worse

Pakistani migrant turned property developer Khurram Saeed says the Victorian government cannot rely on apartment construction to meet its ambitious housing targets.

  • Gus McCubbing
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Where cash buyers are splurging billions on property

More than 141,000 residential properties were sold without a bank loan involved in FY24, according to PEXA.

  • Nila Sweeney

The cities predicted to miss house price downturn

The housing price dip in Sydney and Melbourne has intensified in the recent months, but this may not last long, experts say.

  • Nila Sweeney
Melbourne-based investor Patrick Van plans to ramp up his property portfolio ahead of the expected upturn in the city’s housing market.

Why Melbourne’s housing market is primed to outperform all capitals

The city’s improved affordability means it could outperform its peers in the next recovery, experts say.

  • Nila Sweeney
House prices have dropped by as much as 9.7 per cent in some of Sydney’s premium suburbs as the downturn accelerates.

House prices fall in 40pc of Sydney suburbs

The city’s property market downturn is becoming more widespread as stock levels rise, borrowing capacity shrinks and affordability worsens.

  • Nila Sweeney
Less than two-thirds of auctions last week were successful on preliminary figures. The final rate is likely to be lower still.

Housing market braces for Trump’s interest rate gyrations

Less than two thirds of homes listed for auction sold in the past week as an already weakening market absorbed the prospects of Donald Trump’s re-election.

  • Nick Lenaghan