Australian Property

The latest monthly permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) showed that 155,000 net permanent and long-term arrivals landed in Australia in January and February 2025.

CoreLogic’s latest monthly chart pack estimated that the value of Australia’s housing stock hit a record high of $11.3 trillion in March, spread across 11.3 million dwellings.

I have read some poor housing analyses in my time, but few are as awful as the Daily Telegraph’s Taylor Troeth, who blamed “stubborn empty nesters” for fueling NSW’s housing crisis.

Australia’s property obsession is slowly strangling the nation’s economy. According to the Australian Bureau of Statistics (ABS), the total value of Australia’s housing stock reached a record high of $11,032.2 billion at the end of 2024, with the average home valued at $976,800.

For years, Macro Business has sounded the alarm about Australia’s immigration-driven housing crisis.

CoreLogic released its final auction results for last weekend.

At the end of 2024, CoreLogic reported that rental affordability hit a record low, with the median-income household required to spend 33% of their income to rent the median home.

The Australian Bureau of Statistics (ABS) released quarterly data on dwelling commencements and completions, which badly missed the Albanese government’s housing targets. Only 41,900 dwellings commenced construction in Q4 2024, 18,100 (30%) fewer than Labor’s target, which requires 60,000 homes to be built every quarter.

According to SQM Research, Sydney’s median asking price for houses crossed over $2 million for the first time last week, hitting $2,012,000 on 15 April. SQM Research managing director Louis Christopher confirmed on Twitter (X) that the median asking price incorporates Greater Sydney, including the Blue Mountains and Central Coast.

At the end of 2024, Australians required a record share of household income to make mortgage repayments on a median-priced home.

CoreLogic data showed that the median household spent a record share of their incomes on rent at the end of 2024.

Former RBA man Peter Tulip does a good job of destroying the current array of house price appreciation policies offered in the election.

Developer Nigel Satterley has called for more skilled migration to help ‘solve’ the housing shortage.

On Monday, I spoke to Ben Davis on Brisbane Radio 4BC Mornings to unpack the housing policies announced by Labor and the Coalition over the weekend.

Steve Austin from ABC Radio Brisbane interviewed me about the Greens’ housing spokesman Max Chandler-Mather’s claim that immigration does not negatively impact housing affordability.

I have warned repeatedly that Australian housing affordability will not improve by blanketing our cities with high-rise apartments, as planned by state and federal governments.

Over the weekend, we saw both sides of politics ‘jump the shark’ on housing policy.

The Australian Bureau of Statistics (ABS) released data on permanent and long-term arrivals and departures to Australia last week.

The Albanese government is primed to win the upcoming federal election, with all recent opinion polls showing them leading the Coalition on a two-party preferred basis.

On Wednesday, the Australian Greens announced that the abolition of negative gearing and the capital gains tax (CGT) discount will be a priority in a minority government.

Sydney’s housing market is losing momentum.