- Domain provides a housing outlook for Australia, forecasting value changes across Sydney, Brisbane, Canberra, Melbourne, and Perth.
- Market dynamics are distinct across major cities Perth, Sydney, and Melbourne.
- Australian cities like Perth, Sydney, and Melbourne showed strong median value growth, while the Middle East conflict caused a market slowdown.
- Sydney and Melbourne lead the national property market downturn, citing geopolitical conflict as a factor.
Mark Bouris discusses the impact of Middle East geopolitical issues and rising crude prices on the Sydney and Melbourne housing markets, citing Westpac's chief economist.
1 report, 1 independent
Updated Aug 16
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What happened
Mark Bouris discusses the impact of Middle East geopolitical issues and rising crude prices on the Sydney and Melbourne housing markets, citing Westpac's chief economist.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Sydney
capital city of New South Wales, Australia
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Melbourne
capital city of Victoria, Australia
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Reuters analyzed the Australian housing market, focusing on developments in Sydney.
- Market trends are being discussed, comparing the greater Melbourne market to other cities, including the specific focus on Carlton.
- Redman comments on Australian housing trends, noting the housing market downturn in Melbourne and high property interest in both Melbourne and Perth.
- Ray White has provided analysis indicating that both the Sydney and Melbourne property markets are leading the housing downturn following the budget.
- Sydney property market is leading a national downturn compared to Perth and Brisbane.