Invest
How popular property markets have performed since 1989
Nationally, dwellings values are currently -8.2 per cent from their peak, which is the largest decline in value for the property market in the last three decades.
How popular property markets have performed since 1989
Nationally, dwellings values are currently -8.2 per cent from their peak, which is the largest decline in value for the property market in the last three decades.
However, during the same time frame, national dwelling values have been at an historic high for 56.8 per cent of that time.
New research conducted by CoreLogic’s research analyst, Cameron Kusher, analyses the current property market and for how much of the time the nation reached peak property prices.
According to Mr Kusher, since the 2017 peak for capital cities, the prices have fallen by -10.1 per cent.
Regionally, as a nation Australian property prices are holding value compared with their city counterparts. Since the historic highs, regional properties have fallen by -3.0 per cent.
The Sydney market has been the hardest hit falling by -14.9 per cent and have been at a historic high price for 44.9 per cent of the time since 1989.
Melbourne dwelling values have currently fallen by -11.1 per cent and is in its deepest correction any time since 1980. Over the past 30 years, it has been at a historic high for 44.9 per cent of the time.
Brisbane peak arrived much later than the cities south of the border, reaching a peak in April 2019, according to Corelogic. Since then, it has fallen by -2.4 per cent, while being at a historic high for 49.3 per cent of the time.
Adelaide has began a correction in recent months and is now marginally below its peak value. It has, however, been in a peak period for 53.8 per cent of the time in the past 30 years.
For Perth, since the mining boom, the current decline has been the sharpest in the past 30 years, falling by -19.2 per cent. The peak for WA as a whole has fallen by -32.5 per cent since January 2008.
Hobart has shown strong growth in value over recent years, having now fallen by -1.3 per cent in the past few months, according to Corelogic. Historic highs have been reached for just 37.7 per cent of the time.
Darwin dwellings last peaked in 2014, and they are currently 29.5 per cent lower than this peak five years ago. Over the past 18 years, values have been record highs for just 25.3 per cent of the time, according to Corelogic.
Finally, Canberra prices are slightly lower than their peak after a decline of 0.2 per cent in May 2019. Over the past 25 years, dwellings in the nation's capital have been at historic highs for 38.2 per cent of the time.
This email address is being protected from spambots. You need JavaScript enabled to view it.
About the author
About the author
Property
3 reasons why Australia’s booming housing market won’t last long-term
Despite Australia’s property market growing at a pace not seen for three decades, a leading economist suggests there are warning signs that the property boom could be short-lived. ...Read more
Property
FHB surge as ‘it’s now cheaper to buy than rent’
Record-low interest rates mean that it is now cheaper to buy than rent, with first home buyers taking advantage, doubling their participation in the market, a big four bank CEO has said. ...Read more
Property
New home sales continue to soar in March
A strong level of building activity is expected in 2021 and 2022, given a strong spike in home sales during the year to March. ...Read more
Property
HomeBuilder extension announced
One of the government’s most successful schemes, HomeBuilder, has been extended, bringing the total level of expected government support for the construction sector to $2.5 billion. ...Read more
Property
Policy failures see houses become unattainable for young Australians, minister says
Australia’s booming house prices are the result of the government’s failed policies, with the younger generation now unable to afford what their parents could, a minister has said. ...Read more
Property
House prices to grow by 25% over 3 years
New research is predicting a large gain in property prices of around 25 per cent through to the end of 2023, driven mainly by low interest rates. ...Read more
Property
Strict cap on short-term rentals delayed following criticism
Following widespread criticism from councils and online rental companies, the introduction of NSW’s planned holiday rental code of conduct has been pushed back by three months. ...Read more
Property
Melbourne becomes Australia’s 2nd most affordable rental market
While most capital cities saw house rents soar to new record highs over the first quarter of 2021, Melbourne continued to lag behind – becoming the second most affordable capital city to rent in Aus...Read more
Is the market overheating; should ETFs take your fancy, and what’s happening to the low and middle income tax offset?
Listen now
Home values up 30% (or are they); NFTs taking the world by storm, and why Keating thinks Aussies will be ‘poor’ in retirement
Listen now
Raging floods, the tech stock bubble and the ongoing SG debate
Listen now
Meet the Manager with Trilogy’s Philip Ryan: RBA rates and property price growth
Listen now
Property
3 reasons why Australia’s booming housing market won’t last long-term
Despite Australia’s property market growing at a pace not seen for three decades, a leading economist suggests there are warning signs that the property boom could be short-lived. ...Read more
Property
FHB surge as ‘it’s now cheaper to buy than rent’
Record-low interest rates mean that it is now cheaper to buy than rent, with first home buyers taking advantage, doubling their participation in the market, a big four bank CEO has said. ...Read more
Property
New home sales continue to soar in March
A strong level of building activity is expected in 2021 and 2022, given a strong spike in home sales during the year to March. ...Read more
Property
HomeBuilder extension announced
One of the government’s most successful schemes, HomeBuilder, has been extended, bringing the total level of expected government support for the construction sector to $2.5 billion. ...Read more
Property
Policy failures see houses become unattainable for young Australians, minister says
Australia’s booming house prices are the result of the government’s failed policies, with the younger generation now unable to afford what their parents could, a minister has said. ...Read more
Property
House prices to grow by 25% over 3 years
New research is predicting a large gain in property prices of around 25 per cent through to the end of 2023, driven mainly by low interest rates. ...Read more
Property
Strict cap on short-term rentals delayed following criticism
Following widespread criticism from councils and online rental companies, the introduction of NSW’s planned holiday rental code of conduct has been pushed back by three months. ...Read more
Property
Melbourne becomes Australia’s 2nd most affordable rental market
While most capital cities saw house rents soar to new record highs over the first quarter of 2021, Melbourne continued to lag behind – becoming the second most affordable capital city to rent in Aus...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
