This week's lead
PropTrack data shows Australian dwelling values have declined for six consecutive months, with Adelaide recording the steepest falls among capital cities. Units and regional markets have held up better than houses in the major capitals, where tighter borrowing capacity continues to weigh on buyer demand.
Australian Broker
Mortgage Prof. Aus
Total property listings have risen 21.6 per cent as more homes fail to sell, while distressed listings have jumped 29 per cent. Asking prices are starting to soften as stock builds, particularly in Brisbane and Adelaide, giving buyers more negotiating power.
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Real estate agents across South East Queensland are urging vendors to lower their price expectations as open home attendance and auction clearance rates decline. The warning reflects a broader cooling in buyer demand that is starting to show up in sale outcomes across the region.
Read the full storyMortgage Prof. Aus
Westpac has downgraded its housing forecast, now predicting a 7.3 per cent peak-to-trough decline in national home prices, with Sydney expected to be hit hardest. The bank does not expect prices to stabilise until 2027.
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Proposed NSW rental reforms would set minimum energy efficiency standards for rental properties, potentially saving tenants up to $1000 a year on energy costs. The changes are also expected to improve returns for landlords through higher property values and rental appeal.
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