Australia's Most Overvalued Cities Revealed
New analysis identifies Australia's most overvalued housing markets, with Brisbane leading, as a top economist warns the 30-year property super cycle may be ending.
New analysis identifies Australia's most overvalued housing markets, with Brisbane leading, as a top economist warns the 30-year property super cycle may be ending.
Sydney and Melbourne property prices fell in May as Labor's housing tax overhaul and higher interest rates dampen buyer demand, with auction clearance rates at pandemic lows.
Housing Minister Clare O'Neil defends CGT reforms, says backlash disproportionate, and urges speedy resolution of small business carve-out consultations.
Perth's housing market continues to defy expectations with dwelling values rising 1.5% in May, reaching a median of $1.05 million, while other capital cities slow due to interest rates and cost-of-living pressures.
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RecommendedAuction clearance rates have fallen to their lowest level in six years, with national house price growth flatlining in May. Sydney and Melbourne saw price drops, sparking fears of a sharp market correction.
A leading property expert says rising interest rates, not budget changes, are the main drivers of a predicted housing downturn, with homeowners in Brisbane, Perth, and Adelaide still ahead despite potential falls.
Australia's Home Guarantee Scheme excludes Islamic finance providers, locking out Muslim buyers who follow Shariah law. The UK's model offers a path forward.
The ACT Government has committed $1.34 billion to build a new northside hospital in Canberra, aiming to improve healthcare access and reduce pressure on existing facilities.
ACT house prices fell 0.2% in the latest quarter, marking the first decline since April 2025. Experts cite rising interest rates and cooling demand as key factors.
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RecommendedA leading economist suggests that changes to capital gains tax could reduce housing prices, offering relief to first-home buyers and cooling the market.