• Sydney’s surging price growth showed little sign of easing in the first half of 2021, with a tapering now more likely later in the year.

 

  • Melbourne’s price performance over the past six months has rivalled that of Sydney. The impact of now negative net interstate migration bears monitoring, however.

 

  • Brisbane’s is benefitting from a new cycle of interstate migration with affordability and lifestyle attractiveness coming to the fore.

 

  • Perth’s residential markets have begun to climb after looking to have ended their long down cycle during the final six months of 2020.

 

  • Adelaide’s affordability in comparison with east coast markets remains its key advantage, although population growth remains low.

 

  • Canberra’s economic stability provides the market with a strong base with pricing and rents at record highs.