Australian Property

Dear Millie Muroi.

If you are curious about the differences in methodology between myself and the usual auction data providers, there is an explanation down the page.

In June, Australian property values reached a record high, as illustrated by PropTrack below.

Australia is experiencing a generational housing shortage, exacerbated by historically high immigration-driven population growth and a sluggish housing supply.

Albo’s great grovel of China has reached the level of nauseating.

A meeting of the national cabinet in August 2023 agreed on a target of 1.2 million new homes to be built between 1 July 2024 and 1 July 2029.

During the GFC, the U.S.

Cotality’s daily dwelling values index shows that Brisbane is once again leading the nation on house price growth, recording appreciation of 0.8% over the past 28 days.

This is wrong in every way that matters.

Everything old is new again in Australia’s parasitic media.

When Cotality starts talking about specific suburbs, you know the boom is not here yet.

Domain/Nine has a new excuse for the property bubble.

When the word freedom comes to mind in our collective consciousness, it can be interpreted in a number of different ways.

Some charts from Westpac make the point.

With the end of the month, so too comes the release of the latest housing price data from Cotality (the artist formerly known as Corelogic) and PropTrack.

Mark Litwin, Head of Investment Sales (NSW) at Knight Frank, penned a report on Sydney’s housing market fundamentals, which are underpinned by “persistent undersupply”.

On Wednesday, the rush to the bottom by Australian policymakers to pump housing demand entered yet another chapter, this time with multiple state government’s taking their turn.

When the pandemic arrived on Australia’s shores in early 2020, housing was already unaffordable for a majority of households, as illustrated by falling homeownership rates and declining rates of household formation.

If there is one country that has come to embody the absolute failure of developed world policymakers to address existential economic and social issues, it is South Korea.

The NSW government’s budget papers show that the state is expected to post a deficit of $5.7 billion for the 2024-25 financial year.