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Property Market Update – Where Prices Are Rising the Fastest | Dr Andrew Wilson

Property Market Update – Where Prices Are Rising the Fastest | Dr Andrew Wilson

Published 4 months ago
Description

Interest rates are rising again. Inflation isn't backing off. Sydney and Melbourne's property markets are a little wobbly.

And yet…

National house prices are up more than 10% over the past year, and some capitals are still delivering boom-time results.

So what's really going on in Australia's property markets right now?

That's what I discussed today with Australia's leading housing economist, Dr Andrew Wilson, Chief Economist at My Housing Market, to unpack his latest housing market report and there are some fascinating contradictions.

You'll hear how we do not have one Australian property market but a multi-speed market - and if you don't understand which markets are accelerating and which are stalling, you could make a very expensive mistake.

If you're a property investor, homeowner, or planning your next move, you'll want to understand the forces driving this market right now - because the headlines aren't telling the full story.

Takeaways

• National house prices rose over 10% this year.

• February's rate hike failed to stall market momentum.

• Australia consists of multiple markets performing very differently.

• Perth, Brisbane and Adelaide continue to deliver boom-time results.

• Holiday periods create temporary seasonal dips in activity.

• Brisbane units saw an astonishing 56% growth since 2024.

• Demand significantly outweighs supply despite higher interest rates.

• Low unemployment and job growth support housing demand.

• Tight rental markets incentivise tenants to become buyers.

• Long-term growth is driven by rising population wealth.

Links and Resources:

Answer this week's trivia question here - https://www.propertytrivia.com.au/

· Win a hard copy of How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time. Everyone wins a copy of a fully updated property report.

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