Australian Property Prices and Market Commentary for Expats
Being an expat makes a difficult process - choosing and purchasing a house, apartment or holiday home in Australia - even more demanding than usual. Expats are clearly hampered by being "outside the market" in terms of assessing market trends and investigating properties exhaustively, and there is the impact of fluctuating exchange rates to consider. In practice, given the importance of the purchase, you should at least consider using a buyer's agent to assist in terms of shortlisting, if not negotiating, the complete purchase of any real estate.
Local media reports and various indices will provide you with a general feel for how the market is currently moving within a capital city or region, if not within precise localities or suburbs. The links below provide access to a number of useful property reports.
Go to the following page if you want an indication of current Australian mortgage interest rates or to initiate an Australian Mortgage Inquiry.
Current Residential Property Analysis
We have worked with Performance Property for a number of years and the firm takes a research/data driven approach to identifying and purchasing property in Australia. The reports below provide an indication of the sort of detailed micro and macro analysis that the firm generates in relation to the residential property markets in Sydney, Melbourne, Newcastle, Perth, Adelaide, Brisbane, Hobart, Darwin and the Gold Coast, which overseas buyers will find useful.
- National Review 2023
- Sydney City Review 2023
- Melbourne City Review 2023
- Adelaide City Review 2023
- Brisbane City Review 2023
- Darwin City Review 2023
- Hobart City Review 2023
- Perth City Review 2023
- Canberra Review 2023
- Gold Coast (QLD) 2023
Residential Australian Property Price Trends - Capital CitiesThe chart below illustrates property price movements in Australia's major capital cities over the last month, quarter and year. They are provided by CoreLogic who are regarded as the most authoritative source of current real estate pricing data in Australia.
ABS Property Price Information Discontinued
The Australian Bureau of Statistics (ABS) recently decided not to continue providing property price data - a mistake in our opinion - but in any event we will for the moment continue to maintain charts showing quarterly percentage change in house prices in each of the major Australian capital cities from 2003 to 2021. These might be useful in terms of understanding longer term price trends across the capital cities.
If you would like to arrange assistance in the purchase of Australian property please complete the Inquiry form below and we will respond promptly.