Invest
More expensive homes take brunt of housing slide
The slowdown in property price-growth is impacting houses on the higher end of the spectrum, as those worth $400,000 or less remain untouched, new numbers reveal.

More expensive homes take brunt of housing slide
The slowdown in property price-growth is impacting houses on the higher end of the spectrum, as those worth $400,000 or less remain untouched, new numbers reveal.

According to the latest numbers from property research group CoreLogic, national dwelling values continue to fall but cheaper homes are, so far, untouched.
“With values now falling in Sydney and Melbourne, it is unlikely to initially result in an increase in sales under $400,000. However, should it continue for a number of years we may finally see a reversal of the declining trend in sales under $400,000,” CoreLogic research analyst Cameron Kusher said.
Dwelling value growth slowed over the 2017-18 financial year to -0.8 per cent, following an increase of 10.2 per cent over the previous year.
However, the number of properties sold for less than $400,000 continues to fall as value growth on the lower end of the spectrum continues, falling from 30.7 per cent of all houses to 29.2 per cent, and from 35.4 per cent of unist to 34.6 per cent.
At the same time, the number of million-dollar sales is beginning to slide.
“As housing market conditions continue to weaken, it is anticipated that there will continue to be fewer sales above the $1 million threshold,” Mr Kusher said.
“This will largely be driven by weakening in Sydney and Melbourne. Smaller capital cities are also likely to continue to see the share of $1 million sales climb further too.”
The 12 months to June 2018 saw 16.0 per cent of all houses and 8.8 per cent of units sell for at least $1 million, down from 16.1 per cent of houses in the previous year and 9.1 per cent of units.

Property
RBA’s 30% property growth forecast to materialise in 75% of regions
Experts believe that RBA’s forecasted 30 per cent growth in property prices over the next three years will materialise in 75 per cent of Aussie regions. ...Read more

Property
HomeBuilder applications soar as first-timers enter the market in record numbers
Record numbers of first home buyers are coming into the market assisted by the government’s HomeBuilder stimulus, which is expected to help spur $50 billion in economic activity. ...Read more

Property
Dual Occupancy Homes – Why They Are A Smart Investment In The Current Market
Promoted by Metricon ...Read more

Property
4 factors affecting property market trends in 2021
Following a tough 2020, property investment activity is expected to rebound strong, expanding by 50 per cent in the second half of 2021. ...Read more

Property
House prices tipped to surge 30% on the back of cheap money
According to new documents released from the Reserve Bank of Australia, persistently low interest rates could push up property prices by as much as 30 per cent. ...Read more

Property
Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the COVID crisis, with double-digit price growth already logged ...Read more

Property
How to turn your ‘costly’ lifestyle investment into a money-making asset
Emotionally driven holiday home buyers are being advised to seek maximum rental income and depreciation benefits to make their investments viable. ...Read more

Property
Dutch e-commerce giant VidaXL ramping up Australian operations
Netherlands-based online retailer VidaXL is ramping up its operations in Australia, by launching the build of a brand new 81,000 sq m national distribution centre in Melbourne. ...Read more

Property
RBA’s 30% property growth forecast to materialise in 75% of regions
Experts believe that RBA’s forecasted 30 per cent growth in property prices over the next three years will materialise in 75 per cent of Aussie regions. ...Read more

Property
HomeBuilder applications soar as first-timers enter the market in record numbers
Record numbers of first home buyers are coming into the market assisted by the government’s HomeBuilder stimulus, which is expected to help spur $50 billion in economic activity. ...Read more

Property
Dual Occupancy Homes – Why They Are A Smart Investment In The Current Market
Promoted by Metricon ...Read more

Property
4 factors affecting property market trends in 2021
Following a tough 2020, property investment activity is expected to rebound strong, expanding by 50 per cent in the second half of 2021. ...Read more

Property
House prices tipped to surge 30% on the back of cheap money
According to new documents released from the Reserve Bank of Australia, persistently low interest rates could push up property prices by as much as 30 per cent. ...Read more

Property
Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the COVID crisis, with double-digit price growth already logged ...Read more

Property
How to turn your ‘costly’ lifestyle investment into a money-making asset
Emotionally driven holiday home buyers are being advised to seek maximum rental income and depreciation benefits to make their investments viable. ...Read more

Property
Dutch e-commerce giant VidaXL ramping up Australian operations
Netherlands-based online retailer VidaXL is ramping up its operations in Australia, by launching the build of a brand new 81,000 sq m national distribution centre in Melbourne. ...Read more