The Australian housing market continues to defy expectations, achieving record highs despite a slower growth pace by the close of 2024.
🌟 **Resilient Growth**
Marking the longest consistent quarterly growth since 2012-15, cities like Brisbane, Adelaide, and Perth have set unprecedented benchmarks in house and unit prices. Sydney’s unit market has also soared to new records.
🏘 **Affordable Cities Lead the Charge**
In 2024, Perth emerged as the standout performer, with house prices rising **19.5%** and unit prices skyrocketing **28.2%**. Brisbane and Adelaide followed closely with strong double-digit growth in both sectors.
📊 **Cooling Growth Signals Stabilisation**
While price growth reaccelerated in the December quarter, the overall pace has slowed significantly compared to the previous year. House prices in combined capitals saw quarterly growth halved, and unit price growth eased by **25%**.
📉 **Rising Listings Favor Buyers**
With December seeing the highest property listings in three years, particularly in Sydney, buyers are gaining an edge. Softer clearance rates, extended time on the market, and increased price negotiations signal a market transitioning towards balance.
👉 Whether you’re looking to buy, sell, or simply stay informed, understanding these shifts is crucial.
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