Lower Interest Rates, Tighter Supply Lifts Home Prices

House prices creep higher as new building lags target

Falling interest rates and an ongoing housing shortfall are driving property prices higher, but affordability constraints will keep a lid on growth.

Lower interest rates, tighter supply lifts home prices

Australia's residential property market is being stoked by strengthening demand fuelled by lower interest rates and a tighter...

Residential property prices predicted to rise

The latest Australian residential property study has forecast a rise in that sector’s prices for all major capital cities over the coming year.

Upsizers drive house prices higher as interest rates fall

More buyers are looking for a detached home as interest rates fall. Photo: Michelle Kroll. Canberra apartment and townhouse owners are making their move to upgrade to detached houses as interest rates fall, helping to push house prices up 1.1 per cent in June. Cotality’s Home Value Index for June shows Canberra residential property overall rising 0.9 per cent but the standalone house is doing the heavy lifting, with units and townhouses up only …

Interest rate cuts push house prices up in June with more increases to come

'It's pretty hard to find a region where values are not rising.'

Canberra home prices nudge higher in June as market momentum builds

Canberra’s housing market continued to show resilience in June, with home prices rising 0.3% over the month, according to the latest PropTrack Home Price Index. Compared to this time last year, Canberra’s home values are up 0.5%, adding roughly $15,200 over the past 12 months. The city’s median home price now sits at $836,000. Houses drove much of the growth in June, increasing 0.4%, while unit prices edged up 0.1%. However, the market is still …