The Australian housing market continues to be a topic of much discussion, with recent news highlighting rising prices, diverse turnover rates, and strong regional performance.

Prices on the Rise Again:

CoreLogic’s national home value index rose 0.6% in February, marking the strongest monthly gain since October 2023. This increase comes despite ongoing pressures like rising interest rates and cost of living. Notably, all capital cities except Hobart recorded an increase in value, with Perth leading the pack at 1.8%. Experts attribute this trend to the persistent imbalance between housing supply and demand, which varies across different cities and regions.

Adelaide, Brisbane and regional areas in South Australia, Western Australia and Queensland continue to see strong capital growth, driven by lower housing prices and positive demographics. Meanwhile, Sydney and Melbourne’s growth has plateaued, but Melbourne showed a slight increase in February.

Turnover Rates: A Look at Market Liquidity:

While national house prices climb, understanding local market dynamics is crucial. Domain’s recent report sheds light on property turnover rates, which indicate how quickly properties are bought and sold in an area. High turnover rates suggest a market with good liquidity, where people are actively buying and selling. Conversely, low turnover rates indicate areas where residents tend to hold onto their properties for longer. Understanding these variations can be valuable for buyers and sellers navigating specific markets.

Regional Markets See Significant Growth:

While capital cities often dominate housing market headlines, regional areas are also experiencing significant growth. According to [invalid URL removed].au, dwelling prices nationally have risen by 6.2% over the past year, driven by both capital cities and regional areas. Queensland, South Australia, and Western Australia, particularly Perth and Adelaide, have witnessed the strongest growth in house prices. Unit prices have also seen notable increases in specific regions,  with Logan-Beaudesert, Brisbane, and Adelaide leading the way. This trend is attributed to the affordability offered by smaller states, which is likely to continue fueling price growth in these regions.

Top 20 Australian SA3 regions with the highest turnover rate

 

State	GCCSA	SA3	Turnover
NT	Rest of NT	East Arnhem	0.0%
NSW	Rest of NSW	Lower Murray	0.4%
ACT	Australian Capital Territory	Canberra East	0.5%
NT	Rest of NT	Daly – Tiwi – West Arnhem	1.2%
NT	Rest of NT	Katherine	1.3%
NSW	Greater Sydney	Dural – Wisemans Ferry	1.6%
NSW	Greater Sydney	Hawkesbury	1.6%
NT	Rest of NT	Barkly	1.7%
QLD	Rest of Qld	Far North	1.9%
NSW	Rest of NSW	Tumut – Tumbarumba	2.0%
TAS	Rest of Tas.	South East Coast	2.2%
NSW	Rest of NSW	Inverell – Tenterfield	2.3%
TAS	Rest of Tas.	Central Highlands (Tas.)	2.3%
NSW	Rest of NSW	Griffith – Murrumbidgee (West)	2.4%
NSW	Rest of NSW	Young – Yass	2.4%

 

 

The lowest turnover rates: where are people holding on to their homes the longest?

State	GCCSA	SA3	Turnover
QLD	Greater Brisbane	Springfield – Redbank	10.90%
QLD	Rest of Qld	Surfers Paradise	10.50%
QLD	Rest of Qld	Port Douglas – Daintree	9.70%
QLD	Rest of Qld	Gladstone	9.70%
WA	Greater Perth	Rockingham	9.20%
WA	Greater Perth	Kwinana	8.70%
WA	Greater Perth	Mandurah	8.70%
QLD	Rest of Qld	Cairns – North	8.70%
WA	Rest of WA	Goldfields	8.70%
QLD	Rest of Qld	Townsville	8.60%
QLD	Rest of Qld	Gold Coast – North	8.30%
QLD	Rest of Qld	Rockhampton	8.30%
WA	Greater Perth	Perth City	8.20%
NT	Greater Darwin	Darwin City	8.20%
SA	Greater Adelaide	Playford	8.20%
NT	Rest of NT	East Arnhem	0.00%
NSW	Rest of NSW	Lower Murray	0.40%
ACT	Australian Capital Territory	Canberra East	0.50%
NT	Rest of NT	Daly – Tiwi – West Arnhem	1.20%
NT	Rest of NT	Katherine	1.30%
NSW	Greater Sydney	Dural – Wisemans Ferry	1.60%
NSW	Greater Sydney	Hawkesbury	1.60%
NT	Rest of NT	Barkly	1.70%
QLD	Rest of Qld	Far North	1.90%
NSW	Rest of NSW	Tumut – Tumbarumba	2.00%
TAS	Rest of Tas.	South East Coast	2.20%
NSW	Rest of NSW	Inverell – Tenterfield	2.30%
TAS	Rest of Tas.	Central Highlands (Tas.)	2.30%
NSW	Rest of NSW	Griffith – Murrumbidgee (West)	2.40%
NSW	Rest of NSW	Young – Yass	2.40%

Regions where home prices are up 20% over the past year

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