Welcome to the mid-year property market update.

The residential housing sector in Australia's capital cities has performed strongly in 2014, underpinned by record low interest rates, increased consumer confidence and strong population growth from interstate and off-shore migration.

GrevillePabst PropertyUpdate01It is increasingly difficult to gain a foothold in Sydney and Melbourne property markets, particularly for housing within five to ten kilometres of these cities' CBDs, where median prices typically surpass one million dollars. The affordability issue in inner suburbs is creating a ripple effect that is driving demand and price growth in middle ring suburbs.

Today, buyer behaviour is dictated to a lesser extent by proximity to schools and transport infrastructure. Instead it's driven by proximity to lifestyle amenities - buyers seeking to be near the "village", which, in turn, is driving a trend towards the occupation of smaller homes.

Clearance rates are strong and steady in most capital cities. What does this tell us about capital growth potential this year and beyond? Will demand for quality investment properties and family homes continue to exceed supply in 2014? And, what is the biggest threat to current growth trends around the country? For answers to these questions and more, watch property expert Greville Pabst's video update.

Capital City Updates

Confidence underpinning Melbourne's housing sector

It's been a strong year for Melbourne's residential property sector and as we are not long past the mid-point, it's an opportune time to review what has transpired and assess what lies in store for the rest of the year. Read more...

Adelaide property market stregthens

Market conditions strengthened in Adelaide’s residential property sector during 2013, with the trend driving the local market from strength to strength in 2014 - particularly in Adelaide’s tightly held inner suburbs. Read more...

Sydney revealed as world's 5th most expensive city

It’s been a busy year for Sydneysiders looking to invest in one of the world’s most expensive cities. A recent study placed Australian capital cities Sydney and Melbourne as the 5th and 6th most expensive cities in the world...Read more...

Balanced market achieves growth for Perth

Perth’s residential property sector performed well in the first half of 2014, giving brief pause for the traditionally subdued Easter period. Demand has typically been well-balanced against supply, with an estimated 800 to 850 sale transactions reported each week during the year’s second quarter. Read more...

Rise in consumer confidence underpins Brisbane property market

Brisbane’s residential real estate sector is performing well in 2014. A rise in consumer confidence at the conclusion of 2013 has provided a boost to the market, as evidenced by reduced selling periods and positive uplift in prices in some areas. Read more...

Darwin to perform positively

Greater Darwin’s residential property sector has performed well in 2014, assisted by the expansion and creation of existing and new suburbs, which is set to continue as part of the Northern Territory government’s land release plans. Read more...