Australian property market maintains strength
Australian property market maintains strength
ANZ have updated their housing price forecasts and expect capital city housing prices to grow 2.7% in 2025 before lifting 4.1% in 2026.
The Australian housing market demonstrated surprising resilience throughout 2024 with the number of home sales increasing 8% on the previous year, according to CoreLogic's Best of the Best report for 2024.
The total number of home sales reached 528,000 nationally in the 12 months to November, representing a 6.0% rise from the previous five-year average.
Over that same period, home values have also seen a 5.5% increase, with the combined value of Australian homes surpassing $11 trillion.
Responding to the elevated interest rates and affordability challenges, the report shows buyers flocked to more affordable segments of the market.
Through the year to November, the bottom quartile of national market values rose 10.3%, far outperforming the middle of the market and upper quartile of home values, where stretched affordability may have constrained further growth.
Source: Corlogic, & ANZ,
