{"id":2627,"date":"2020-11-04T14:25:57","date_gmt":"2020-11-04T04:25:57","guid":{"rendered":"https:\/\/www.inspectmyhome.com.au\/blog\/?p=2627"},"modified":"2021-09-07T12:16:07","modified_gmt":"2021-09-07T02:16:07","slug":"australian-house-prices-begin-to-soar-again","status":"publish","type":"post","link":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/","title":{"rendered":"Australian house prices begin to soar again"},"content":{"rendered":"

For the first time in over five months, the Australian property market has recorded a 0.4 per cent price growth with all capital cities experiencing a value increase except Melbourne.<\/p>\n

According to the latest CoreLogic home value index<\/a> presented in October, we can now expect the housing market to begin to soar again following the easing of some boarder restrictions.<\/p>\n

<\/p>\n

Big growth for small cities<\/h2>\n

According to the index, the smaller cities were the big winners with 1.2 per cent in Darwin and Adelaide, 1 per cent in Hobart and Canberra, 0.6 per cent in Perth and 0.5 per cent in Brisbane.<\/p>\n

Brisbane House Prices: What\u2019s Hot In 2020?<\/a><\/p>\n

Sydney also saw an increase in the market by 0.1, which, even though slight, is considered a step in the right direction for sellers as the value has been falling consistently for properties in the area since April.<\/p>\n

Melbourne, a city who has had a tough year in relation to lockdown and Covid-19 restrictions, expectedly falls behind the rest of the market pack with prices continue to fall with 0.2 per cent over the month of October.<\/p>\n

\"\"
Index results as at October 31, 2020 by CoreLogic<\/figcaption><\/figure>\n

Rise in distressed listings<\/h2>\n

At the same time Australia has been deemed technically out of a recession, a so-called fiscal cliff has emerged. However, experts are saying the visible impact on housing conditions won\u2019t really surface until next year.<\/p>\n

“We are only just seeing the wind-down of JobKeeper now, and even though mortgage deferrals are starting to expire, we won’t start to see mortgagee-in-possessions rising probably until after the first quarter of next year,” said CoreLogic’s head of research, Tim Lawless.<\/p>\n

“We aren’t expecting foreclosures to become a significant part of the market, because it does look like the vast majority of expired deferrals are moving back into some kind of repayment schedules but there are still some headwinds ahead for the housing market, in the sense that we should expect some weakness around labour markets as JobKeeper winds back and we will see a rise in distressed listings come onto the market.”<\/p>\n

Heavy demand on the market<\/h2>\n

According to the expert, record low interest rates in combination with some measures announced in the federal budget is causing the housing market to struggle to keep up with buyer demand.<\/p>\n

As demand increases for properties in most of the smaller and larger cities, you\u2019ll need to act fast when purchasing a property. It\u2019s more important than ever to be fully informed about the property you\u2019re looking to purchase.<\/p>\n

We are one of Australia\u2019s most trusted building and pest inspection<\/a> companies. We\u2019d love to provide you with a comprehensive report<\/a> so you can be confident that the home you\u2019re purchasing is a great investment.<\/p>\n

Call us at 1 300 337 447<\/strong> or fill out our online booking form<\/a> to schedule a building inspection today or view our inspection prices<\/a> page for an approximate idea of the cost.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the first time in over five months, the Australian property market has recorded a 0.4 per cent price growth with all capital cities experiencing a value increase except Melbourne. According to the latest CoreLogic home value index presented in October, we can now expect the housing market to begin to soar again following the … <\/p>\n

Continue reading “Australian house prices begin to soar again”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243,15],"tags":[],"class_list":["post-2627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-categories","category-sydney"],"yoast_head":"\nGrowth in Australian house prices - Inspect My Home<\/title>\n<meta name=\"description\" content=\"The Australian property market has recorded a 0.4% price growth in October. If you're looking to buy or sell, contact us for an inspection.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Growth in Australian house prices - Inspect My Home\" \/>\n<meta property=\"og:description\" content=\"The Australian property market has recorded a 0.4% price growth in October. If you're looking to buy or sell, contact us for an inspection.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/\" \/>\n<meta property=\"og:site_name\" content=\"Inspect My Home\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-04T04:25:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-07T02:16:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.inspectmyhome.com.au\/blog\/wp-content\/uploads\/2020\/11\/pexels-belle-co-783682.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Inspect My Home\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Inspect My Home\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/\"},\"author\":{\"name\":\"Inspect My Home\",\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/f4c2343b1133788ec0aa30bdbf2ee4de\"},\"headline\":\"Australian house prices begin to soar again\",\"datePublished\":\"2020-11-04T04:25:57+00:00\",\"dateModified\":\"2021-09-07T02:16:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/\"},\"wordCount\":509,\"image\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/pexels-belle-co-783682.jpg\",\"articleSection\":[\"All Categories\",\"Sydney Property Market News\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/\",\"url\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/\",\"name\":\"Growth in Australian house prices - Inspect My Home\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/pexels-belle-co-783682.jpg\",\"datePublished\":\"2020-11-04T04:25:57+00:00\",\"dateModified\":\"2021-09-07T02:16:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/f4c2343b1133788ec0aa30bdbf2ee4de\"},\"description\":\"The Australian property market has recorded a 0.4% price growth in October. If you're looking to buy or sell, contact us for an inspection.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/pexels-belle-co-783682.jpg\",\"contentUrl\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/pexels-belle-co-783682.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Sydney house prices\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/australian-house-prices-begin-to-soar-again\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australian house prices begin to soar again\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/\",\"name\":\"Inspect My Home\",\"description\":\"Property & Maintenance News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.inspectmyhome.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/f4c2343b1133788ec0aa30bdbf2ee4de\",\"name\":\"Inspect My Home\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ccae8678947ebf0b1f0d9866f72b11362030bdc164e4b80411599b5e73ebd4ed?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ccae8678947ebf0b1f0d9866f72b11362030bdc164e4b80411599b5e73ebd4ed?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ccae8678947ebf0b1f0d9866f72b11362030bdc164e4b80411599b5e73ebd4ed?s=96&d=mm&r=g\",\"caption\":\"Inspect My Home\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Growth in Australian house prices - Inspect My Home","description":"The Australian property market has recorded a 0.4% price growth in October. If you're looking to buy or sell, contact us for an inspection.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/","og_locale":"en_US","og_type":"article","og_title":"Growth in Australian house prices - Inspect My Home","og_description":"The Australian property market has recorded a 0.4% price growth in October. If you're looking to buy or sell, contact us for an inspection.","og_url":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/","og_site_name":"Inspect My Home","article_published_time":"2020-11-04T04:25:57+00:00","article_modified_time":"2021-09-07T02:16:07+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-content\/uploads\/2020\/11\/pexels-belle-co-783682.jpg","type":"image\/jpeg"}],"author":"Inspect My Home","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Inspect My Home","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/#article","isPartOf":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/"},"author":{"name":"Inspect My Home","@id":"https:\/\/www.inspectmyhome.com.au\/blog\/#\/schema\/person\/f4c2343b1133788ec0aa30bdbf2ee4de"},"headline":"Australian house prices begin to soar again","datePublished":"2020-11-04T04:25:57+00:00","dateModified":"2021-09-07T02:16:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/"},"wordCount":509,"image":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/#primaryimage"},"thumbnailUrl":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-content\/uploads\/2020\/11\/pexels-belle-co-783682.jpg","articleSection":["All Categories","Sydney Property Market News"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/","url":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/","name":"Growth in Australian house prices - Inspect My Home","isPartOf":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/#primaryimage"},"image":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/#primaryimage"},"thumbnailUrl":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-content\/uploads\/2020\/11\/pexels-belle-co-783682.jpg","datePublished":"2020-11-04T04:25:57+00:00","dateModified":"2021-09-07T02:16:07+00:00","author":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/#\/schema\/person\/f4c2343b1133788ec0aa30bdbf2ee4de"},"description":"The Australian property market has recorded a 0.4% price growth in October. If you're looking to buy or sell, contact us for an inspection.","breadcrumb":{"@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/#primaryimage","url":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-content\/uploads\/2020\/11\/pexels-belle-co-783682.jpg","contentUrl":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-content\/uploads\/2020\/11\/pexels-belle-co-783682.jpg","width":2560,"height":1707,"caption":"Sydney house prices"},{"@type":"BreadcrumbList","@id":"https:\/\/www.inspectmyhome.com.au\/blog\/australian-house-prices-begin-to-soar-again\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.inspectmyhome.com.au\/blog\/"},{"@type":"ListItem","position":2,"name":"Australian house prices begin to soar again"}]},{"@type":"WebSite","@id":"https:\/\/www.inspectmyhome.com.au\/blog\/#website","url":"https:\/\/www.inspectmyhome.com.au\/blog\/","name":"Inspect My Home","description":"Property & Maintenance News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.inspectmyhome.com.au\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/www.inspectmyhome.com.au\/blog\/#\/schema\/person\/f4c2343b1133788ec0aa30bdbf2ee4de","name":"Inspect My Home","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/secure.gravatar.com\/avatar\/ccae8678947ebf0b1f0d9866f72b11362030bdc164e4b80411599b5e73ebd4ed?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ccae8678947ebf0b1f0d9866f72b11362030bdc164e4b80411599b5e73ebd4ed?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ccae8678947ebf0b1f0d9866f72b11362030bdc164e4b80411599b5e73ebd4ed?s=96&d=mm&r=g","caption":"Inspect My Home"}}]}},"_links":{"self":[{"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/posts\/2627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/comments?post=2627"}],"version-history":[{"count":5,"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/posts\/2627\/revisions"}],"predecessor-version":[{"id":3098,"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/posts\/2627\/revisions\/3098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/media\/2637"}],"wp:attachment":[{"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/media?parent=2627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/categories?post=2627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inspectmyhome.com.au\/blog\/wp-json\/wp\/v2\/tags?post=2627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}