Research

As mortgage rates have hit historic lows, ultimately aiding the serviceability cost of a home loan, more Australians are looking to work out the answer. We’ve crunched the numbers comparing weekly mortgage repayments to rents across Australia.

Nationally, vacancy rates hit the lowest since March 2020, prior to the pandemic.

Auction volumes double compared to last month as momentum builds.

Sydney's auction market is proving to be resilient despite buyer appetite being tested by a lift in homes auctioned each Saturday.

Nationally, vacancy rates held steady for the sixth consecutive month at 2.1 per cent. This stability illustrates that the rental market has adjusted following the COVID-19-induced bounce to 2.6 per cent in April.

Sydney’s auction clearance rate was 68 per cent in October, a solid result which points to a resilient Sydney housing market.

Melbourne auction market rebounded in October as in-person auctions resumed.

Vacancy rates across the capitals largely declined in October, except in Hobart and Melbourne. Melbourne’s vacancy rate continues to accelerate to record highs.

Getting that first leg up onto the property ladder was already tough but the effects of the COVID-19 crisis are going to put home ownership even farther out of reach for an entire generation.

As restrictions slowly ease and we navigate a new-normal post-pandemic, how have our property markets reacted across the globe?