Sales activity has softened further in July, continuing a trend that has been building for several months now. The 12 month rolling average sits at 31,955 house sales and 12,994 unit sales.
Australian residential property values have continued their upward trend in recent months, though June saw<br />
a deceleration with both houses and units recording a modest 0.2 per cent monthly increase.
Recent months have seen continued growth in Australian residential property values, albeit at a slower pace in July.<br />
Houses appreciated by 0.5 per cent, while units saw a slight 0.3 per cent monthly gain.
Both Australian house and unit prices have taken a break from robust increases this month, with both house and unit<br />
property types recording no significant change in median prices.
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units.
Australian house prices continued to increase in November and are now well above the previous peak in 2021. While surprising given rapid interest rate increases, the growth reflects strong population growth and a housing shortage.
Despite a lot more homes on the market compared to last year and interest rates a lot higher, house price growth is continuing across our capital cities.
House and unit price growth continued in September after reaching a new peak in July. Year-on-year, we're now recording the strongest growth since mid-last year.