During the 12 months in 2024, some median property prices increased, while some decreased in value.
These are shown in order of the change over 12 months, and are based on the median value of sales.
Half will be less than the dollar figure, … Read the rest
During 2023, some houses in Australia could be bought for $130,000, while some Capital City suburbs have a medium house price of around $400,000.
The Australian median property price does not apply everywhere, with Longueville, in the Lower North Shore of Sydney, having the highest median … Read the rest
According to the latest PropTrack Home Price Index, the Australian national median home value climbed by 0.22% in November 2023, to $761,000.
This led to news reports such as:
“Home prices across Australia have climbed to new heights yet again, delivering an early Christmas present to homeowners and defying last … Read the rest
According to the latest CoreLogic report, the median value of an Australian property, including freestanding homes and units was $738,975 in March 2022.
The Capital City median values were:
Source: … Read the rest
Earlier this year, in May 2020, there were statements that property prices could drop by 20%.
This caused a lot of excitement for prospective buyers at the time.
What has happened though?
Most cities have continued with increasing median prices, ranging from annual increases of … Read the rest
I was reading about a Queensland couple who earn about $120,000 per year between them, and say that it will take them about 11 years to save a 20 per cent deposit for a house.
It made me compare two Queensland suburbs, both within commute distance … Read the rest
To answer that we need to define what a Boom is.
From the Cambridge Dictionary: “A housing boom is a time when the price of houses rises quickly“.
From Wikipedia: “A land boom is the rapid increase in the market price … Read the rest
