Australian Property

In last month’s budget speech, Victorian Treasurer Jaclyn Symes labelled the state government’s controversial Suburban Rail Loop (SRL) project as “Australia’s largest housing project”.

The Australian Bureau of Statistics (ABS) released data on permanent and long-term arrivals for the month of April.

Last weekend, it appeared as if Sydney’s housing market may be faltering after the preliminary clearance rate fell to 55.9%, which was the lowest preliminary result this year.

For a textbook example of how Australia’s housing affordability debate has been perverted, look no further than the latest Housing Affordability Report from the Bankwest Curtin Economics Centre.

SQM Research released its rental vacancy rate for May, which fell 0.1% over the month to a historically low 1.2% nationally—the same level as last year. While all markets are tight, Sydney (1.5%) and Melbourne (1.5%) have significantly higher vacancy rates than the other capital cities, which are all tracking below 1.0%.

Policymakers are exerting significant pressure on Australians to live in shoebox apartments.

NSW Premier Chris Minns wants to solve Sydney’s housing crisis by accelerating the supply of shoebox apartments.

Over recent years, Queensland has experienced a large inflow of residents from other states.

The Australian Bureau of Statistics (ABS) released data on Australia’s housing stock, which was valued at a record $11,366 billion as of Q1 2025, equating to $1,002,500 per dwelling.

Justin Fabo from Antipodean Macro posted the following chart, which shows the collapse in mortgage rates in New Zealand.

Australian home values hit their highest level on record in May.

One year ago, AMP chief economist Shane Oliver estimated that Australia’s cumulative housing shortage was in excess of 200,000 dwellings.

The Albanese government has engaged in a full-court press of housing disinformation.

Picture this.

The past few months have seen Australia’s auction market roar back to life.

The Reserve Bank of Australia’s (RBA) 25 bp rate cut last month had an immediate effect on the housing market. The final auction clearance rate across the combined capital cities soared to its highest level since early July 2024, despite the second-highest auction volumes (2,918) of the year.

Melbourne’s auction market has rebounded strongly, recording an average final auction clearance rate of 67% in May, the strongest result since mid-2023.

NSW Premier Chris Minns aims to alleviate Sydney’s housing crisis by expediting the supply of shoebox apartments.

Cotality (formerly CoreLogic) has reported a tightening in rental vacancy rates over recent months.

Cotality’s (formerly CoreLogic) latest housing affordability report showed that the cost of purchasing and renting a home in Sydney was the worst on record at the end of 2024, as well as the highest in the nation.

The Albanese government’s fantastical target to build 1.2 million homes over five years is centred on delivering a boom in high-rise towers. However, the April dwelling approvals data from the Australian Bureau of Statistics (ABS) showed that high-density approvals have collapsed.

The Albanese government’s National Housing Accord commenced on 1 July 2024 and requires the construction of 1.2 million homes over five years, which equates to 20,000 homes per month and 240,000 homes a year.