In September, Australian house and unit prices continued their upward trajectory, marking the strongest year-on-year growth since last year. House prices in Australia increased by 6.1%, with Perth leading the way at 8.6% growth, while units rose by 4.3%, notably in Brisbane and Adelaide. However, there was a slight monthly slowdown in September, with Perth houses experiencing a 0.5% drop and Adelaide units declining by 0.4%.
September saw a mixed picture in property listings, with most major cities experiencing a decline, except Canberra. Year-on-year, Australian listings increased by 3.1%. Sydney is a standout, with a substantial 26% increase in listings. Brisbane and Darwin are still below 2022 levels. The supply and demand imbalance suggests that price growth will likely continue.
September recorded a record number of auctions, exceeding 1,800. Active bidders also increased, with Adelaide and Brisbane being hotly contested markets. Despite the higher stock levels, clearance rates remained strong at 74.5% across all Ray White auctions, just slightly lower than August’s 75.6%.
Do you get surprised with unexpected charges on your monthly settlements? Is your property management agency charging you without informing you about it? If you want surprise payments on your settlements to stop then get in touch with the award winning Ray White Carlingford team and leave those behind. Ray … Read more
International Women’s Day is a global celebration of the social, economic, cultural, and political achievements of women. It’s a day to recognise and honour the contributions of women across all fields, including real estate. At Ray White Carlingford, we take pride in supporting and empowering women in our industry, and … Read more