After prices more than doubled in a decade, parts of Brisbane are down by as much as 10 per cent. The question isn't whether the boom is over, it's whether this pullback creates value or signals a deeper correction.
Mortgage applications from first-timers jumped 10% in early August while investor loans for established homes fell sharply, but is the window real or temporary?
Outer-ring suburbs across Victoria and NSW now lead the nation in loan defaults, with property values falling below purchase price and selling no longer an option.
The median Melbourne home now sells for less than it did five years ago. Three rate hikes, state tax changes and record construction all played a part.
Tenants got more choice in July as vacancy ticked up to its highest since early 2022, but the supply lift driven by investors is already under threat from budget changes.
When property values drop, empty-nesters hesitate to sell, and that bottleneck keeps three-bedroom homes off the market exactly when younger buyers need them most.
Units are clearing at 62% while houses languish at 51%, but is this affordability-driven demand or investors chasing yield before the market turns further?