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Housing Market Still Surges Despite Minor Dip | Melbourne News
Description
Australian home values are still up nearly a trillion dollars year-on-year, despite a small 0.3% dip in the June quarter — a drop that hasn’t fully reflected recent tax changes yet. Across most states, prices remain higher than a year ago, with cities like Adelaide, Perth, and Brisbane seeing median prices double over six years. Even if prices fall 10% by 2026, they’d only return to levels seen at the end of 2024 — still significantly above pre-pandemic highs — and would align more closely with affordability metrics as incomes rise. The housing market remains extraordinarily valuable, with growth continuing to outpace income trends.
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