Australian home prices climb further as downside risks build

Australian home prices climb further as downside risks build
Australia’s property market recovered last year despite the Reserve Bank’s aggressive policy tightening campaign. (Image: Bloomberg)
Bloomberg
By Swati Pandey (Bloomberg) -- Australia’s housing market climbed further in April, driven by a supply shortfall that’s increasing affordability challenges at a time when borrowing costs are at a 12-year high.Mining hub Perth surged 2%, market bellwether Sydney 0.4%, and Brisbane climbed 0.9%, property consultancy CoreLogic Inc. said in a report on Wednesday. Prices in Melbourne declined 0.1%, resulting in an overall increase of 0.6% for Australia’s major cities – unchanged from March.Broadly, house price gains acro...

More Bloomberg

Will AI make lawyers richer or put them out of work?
Technology Opinion

Will AI make lawyers richer or put them out of work?

Lawyers could be with us for a while; it's just not clear how they'll get paid.

Bloomberg 07 Sep 2025
EU pushes ahead trade deal with South American nations
Bloomberg

EU pushes ahead trade deal with South American nations

Countries fear the deal’s impact on the European agricultural sector.

Bloomberg 06 Sep 2025
Doubts about SpaceX’s dominance? Look at this
Technology Opinion

Doubts about SpaceX’s dominance? Look at this

The success of the Starship test brings Musk’s dream of reaching Mars closer to reality.

Bloomberg 30 Aug 2025
Google is trying everything to sell AI to sceptics
Technology Opinion

Google is trying everything to sell AI to sceptics

Google’s AI features might reach a new and important audience.

Bloomberg 23 Aug 2025