Have you noticed how Australia’s property market seems to have roared back to life recently?

After a sluggish 2024, Domain’s latest House Price Report shows all eight capital cities recorded house price growth in the June quarter – for the first time in four years.

And it’s not just houses. Unit prices are surging too, often outpacing houses as buyers chase affordability.

So what’s behind this rebound? Rate cuts, increased demand, and a lingering supply shortage have all played a role. But is this recovery sustainable? Will further rate cuts continue to fuel prices, or are there headwinds ahead?

To help us unpack this, I’m joined by Dr Nicola Powell, Chief of Research and Economics at Domain.  She’ll share insights from Domain’s June Quarter House Price Report and explain what these trends mean for buyers, sellers, and investors alike.

Whether you’re a homeowner, an investor, or simply keeping an eye on the market, you’ll want to hear what Dr Powell has to say.

 

Takeaways 

·         Most people only realise the market's turned too late.

·         All eight capital cities recorded house price growth in the June quarter.

·         The turnaround in auction conditions has been very evident across Sydney and Melbourne.

·         First home buyers are looking towards units in Sydney due to affordability.

·         Melbourne's housing market is showing signs of recovery after years of lagging.

·         Brisbane's unit prices are outperforming house prices, indicating a shift in buyer preference.

·         Canberra is on a pathway to recovery, with modest price increases.

·         Every state goes through its cycle, affecting property values differently.

·         Rate cuts are expected to boost buyer confidence and market activity.

·         Understanding local market dynamics is crucial for property investment.

 

Chapters 

00:00 - Introduction to Market Trends

02:15 - Sustainability of the current market recovery and future predictions.

13:30 - Sydney and Melbourne Market Analysis

17:00 - Brisbane and Adelaide Market Trends

20:45 - Canberra and Perth Market Updates

24:00 - Conclusion and Future Outlook

 

Links and Resources:

 

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