This week's lead
National capital city median house prices dropped 1.5 per cent over the July quarter to $1,253,674, according to My Housing Market data. The fall was driven by seasonal winter softness layered on top of the broader downturn already underway across most capitals.
Property Update
Australian Broker
Clearance rates have ticked up in recent weekends and withdrawal rates have eased, but overall auction volumes remain well below normal levels. Auctioneers describe some of the quietest weekends in years despite the modest improvement.
Read the full storyrealestate.com.au
The Reserve Bank has indicated households are not showing signs of broad financial stress, reducing the likelihood of a rate rise at the August meeting. The assessment suggests room for the RBA to hold rates steady despite ongoing cost-of-living pressures.
Read the full storyrealestate.com.au
A further 151 Australian suburbs have recorded a median house price above one million dollars so far this year, pushing buyers seeking freestanding homes on larger blocks further from city centres. The trend reflects continued affordability pressure even as national price growth slows.
Read the full storyAPI Magazine
Rising loan repayments and living costs are pushing mortgage stress beyond traditional outer-suburban areas into wealthier postcodes that were previously considered insulated. The shift suggests financial pressure is broadening across borrower types rather than easing.
Read the full storyThe past six weeks