Major Market Trends
Sydney has seen a return of price growth with the September quarter recording the first quarterly rises in median prices since 2007.
Melbourne is reflecting a similar pricing rebound to Sydney, supported by State economic and population growth which are still outperforming most other states.
Brisbane’s continues to present itself as a significantly more affordable residential market in comparison with Sydney and Melbourne, with price spreads widening again.
Perth is starting to show some evidence that the long negative price cycle may be coming to an end.
Adelaide is showing mixed performance indicators, with softer levels of demand across both the house and apartment sectors.
Canberra’s move to reintroduce first home buyer stamp duty concessions from July 1 appears to have impacted market dynamics, with greater activity in lower price bands.