Looking back over the last 40 years of Australian property values, “2025 ranked 11th highest for annual growth, reinforcing the market’s historical strength,” according to property economists, Cotality. They report only six periods of decline in the last four decades (2022 was the last, following a hot covid market). And the strongest years? 1988: 31.2%…
Category: Market update
Cotality’s Research Team reports a very strong spring-selling season nationally for 2025. Director Tim Lawless recaps the year: “…housing values have shown a strong response to the 75 basis points of cuts delivered this year. Higher home values have been supported by a boost to borrowing capacity and sentiment, but also by persistently low supply…
Spring selling season ran hot according to October data. New listings spiked across the Newcastle, Lake Macquarie and Maitland LGAs, reaching their highest this year, and holding steady for Port Stephens. Sold listings rose across the Newcastle, Lake Macquarie and Port Stephens LGAs (Newcastle at its highest this year with 284 sales and its median…
NATIONAL HOUSING VALES Dwelling values rose 2.2% from July to September, the largest quarterly increase since May 2024 (also 2.2%).* Annual growth trended higher for the fourth consecutive month, 4.8% in the 12 months to September (up from 3.7% for the 2024-25 financial year). LOCAL MARKET Days on market dropped to 28 days for the…
Spring selling season is set for a boost in eligible buyers thanks to the Federal Government’s expanded Home Guarantee Scheme. From October 1 the scheme, which allows eligible first home buyers to avoid lenders mortgage insurance while purchasing a home with a 5% deposit, will now: – scrap income and place limits, and – raise…
We’re seeing a clear rise in demand for pre-market sales. More and more buyers are enquiring about pre-market opportunities and asking to join mailing lists. A period of high interest rates and limited borrowing capacity led savvy buyers to seek out opportunities early and beat the crowds. For sellers, advertising a property pre-market to database…
Realestate.com.au’s (REA) mid-year report is in. Houses in NSW sold fastest in two local suburbs: Beresfield tied for first with a median of 18 days on market over the last 6 months, while Cardiff South tied for third, with a median of 19 days on market. Nationally, the median days on market were 37…
Cotality (previously CoreLogic) has just released their June quarter insights. The market shows a positive inflection in national housing values since February, aligned with the first rate cut in over four years. The real catalyst, according to Executive Research Director Tim Lawless, was the anticipation of rate cuts. “We were already seeing housing values moving…
Carrington, Stockton, Tighes Hill and Hamilton were Newcastle’s top-growth suburbs over the last year, according to realestate.com.au’s article examining satellite cities outperforming their capital counterparts. MONTHLY HIGHLIGHTS: – 5 interested parties – Last sold in Sep 2020 for $5 million – Originally built in 1970; renovated in 2021; buyers plan to knock down and redevelop (residential).…
Sales Trends – March 2025 Median Days on Market *Local data sourced from realestate.com.au MONTHLY HIGHLIGHT: