Asking price trends
The ABS released figures showing how the mean or average dwelling price in Australia rose $8,500 in the March 2023 quarter to $896,000, taking the total value of the dwelling stock close to $10 trillion.
Overall, though, asking prices are down from their highs.
Except, that is, in Sydney, which is at record highs, albeit only just for units...
Source: SQM Research
...in Brisbane, where supply shortages have seen unit rents up by +23 per cent over the past year.
Source: SQM Research
...and also in Perth, where asking prices have also now finally eclipsed their 2013/14 highs.
Adelaide asking prices are very close to their highs, but in all other capital cities asking prices are down from their respective peaks.
