Economic Updates

The rental crisis, soaring house prices despite much higher interest rates and being one of the least affordable countries in the world could be solved if we built more homes.

Is your house earning more than you? Ultimately it depends on where you live. But on a macro-level, the answer has been “no” over the past 12 months for the two thirds of Australians that own their own homes.

October listing numbers have fallen over the last month across most capital cities. However, new listing levels have remained stable.

Despite a lot more homes on the market compared to last year and interest rates a lot higher, house price growth is continuing across our capital cities.

Which suburbs do best over our hottest months?

As price growth continues to accelerate, can you get a cheap home anywhere?

Price growth is back on the move, reaching the lowest point at the end of last year. But this price growth is not happening everywhere.

We aren’t quite the worst country in the world for not building enough homes. New Zealand takes that honour, but we come close.

Construction costs increases have been a major driver of inflation and a big problem for housing supply.

Interest rates on hold despite inflation ticking upwards in August.

Since the pandemic, the South Australian economy has been the strongest growing in the country with Gross State Product increasing by 10 per cent.

Listings declined in September, although they remain elevated compared to last year.