Blog Housing
State-by-state house prices, how to read a suburb profile, and where asking prices are being cut, built from ABS, RBA, Valuer-General data and Shorted's own listings crawl.
3 articles
The national dwelling stock is now worth $12.8 trillion and the average home $1.11 million, but that average hides a two-speed market: Perth, Brisbane, Adelaide and Darwin houses are up 15 to 25 per cent in a year while Sydney and Melbourne are flat. Here is the March-quarter picture from ABS, RBA and Valuer-General data, state by state, with the caveats that matter.
Ben Ebsworth
A suburb page on Shorted carries a Valuer-General median, a Census profile, four SEIFA indexes, amenity and school counts, electorates, elevation and hazard shares, recent asking-price cuts and the suburbs most like it. Here is how each layer is built, what it can and cannot tell you, and how to read them together, using Altona North as the worked example.
Ben Ebsworth
Across the 500 suburbs Shorted tracks, 1,661 homes cut their asking price in the past 30 days, a median cut of 4.3 per cent and $110 million of reductions in total. Victoria leads with one in eight listings discounted, and in a handful of outer-Melbourne suburbs it is one in four. What the price-drops data measures, what it does not, and where sellers are blinking first.
Ben Ebsworth