The central bank said the shortfall in housing supply could fuel a significant price response
While Sydney and Melbourne witnessed substantial losses over the past two years, Brisbane remained stable, according to an economist
Over the short to medium term, two cities are likely to see increased demand as supply runs out
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Australia's auction market managed to recover from a minor blip last week, recording a stronger success rate
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Property turnout and sales values significantly increased on a quarterly basis
The strong growth in property values would benefit off-the-plan projects in eastern suburbs
All states recorded substantial growth in listings, with Melbourne taking the lead
State taxes appear to have constrained supply and have inflated housing costs in recent decades
Here's the catch: the improvement in rental affordability came with a marginal decline in housing affordability
Affluent upgraders have outpaced the demand from foreign buyers for waterfront homes
The spring season is expected to bring buyers to suburbs like Epping, Carlingford, Eastwood, and Beecroft
The central bank is leaving doors open for future rate cuts if the economy remains subdued
However, the higher auction volumes softened the preliminary clearance rates across capital cities
Buyers looking for homes at discounted prices should consider suburbs along Western Sydney's transport links
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