Australian residential property market takes another hit
Discounted sales and more days on market as the residential property sector responds to consecutive interest rate increases
< 1 min
Properties are taking longer to sell, buyer demand is slowing and the combined value of Australia’s residential real estate fell by $100 billion over January, according to data released by CoreLogic.
Key market metrics released by the property data provider today show a national residential market in decline as the heat comes out of the residential sector. It follows the RBA decision yesterday to raise the cash rate a further 25 basis points, its ninth increase since May last year, hitting borrowers with a 3.35 percent interest rate.
CoreLogic data also revealed national home values declined over January, down a further -1.0 percent from the December drop of -1.1 percent. Sydney property values have been hardest hit, down -13.8 percent in the past year.
The median number of days a property is on the market increased over the three months to January, up from a low of 20 days in November 2021 to 37 days. Perhaps unsurprisingly, vendor discounting has also increased, at -4.3 percent in the past quarter compared with -2.9 percent in the three months to November 2021.
While annual rent values eased slightly in January to 10.1 percent in January, yields rose over the same period to 3.9 percent, and increase from 3.21 percent a year earlier.
From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.
A haven for hedge-fund titans and Hollywood grandees, Greenwich is one of the world’s most expensive residential enclaves, where eye-watering prices meet unapologetic grandeur.
A stellar field of performance cars was recognised at Robb Report’s annual event, with Citizen Kanebridge backing the experience alongside leading luxury partners.
2 min
Aston Martin’s Vanquish has been crowned overall winner of Robb Report Australia & New Zealand’s 2025 Car of the Year, taking top honours at an exclusive event in Sydney.
Held at the Harbourside Residences Display Gallery by Mirvac, the evening brought together drivers, partners and industry figures for the long-awaited announcement of the 2025 Car of the Year.
Exclusive private member’s club Citizen Kanebridge was among the partners supporting the event, which has become a fixture on the luxury automotive calendar, showcasing the very best in performance, design and innovation across the global car market.
Across a tightly contested field, category winners reflected the breadth of today’s high-end automotive landscape, from traditional combustion engines to hybrid and fully electric performance models.
Among the standout winners, the Ferrari 12Cilindri Spider took out Best Combustion Supercar, while the Aston Martin Vanquish was named Best Super-GT before ultimately securing the overall title.
Other notable winners included the Mercedes-Benz G580 as Best Off-Roader, the Audi RS Q8 Performance for Best SUV Coupe, and the Aston Martin DBX 707 for Best Super-SUV.
Electrification continued to shape the upper end of the market, with the Chevrolet Corvette E-Ray named Best Hybrid Supercar and the Audi RS e-Tron GT Performance taking out Best Electric GT.
The Lamborghini Urus SE was recognised as Best Hybrid SUV and also placed third overall, while the Mercedes-AMG GT 63 S E Performance secured second place overall in the coupe category.
Guests were also given a first look at a short film capturing the spirit of the two-day Car of the Year program, produced by SONDR, alongside photography that will feature in a dedicated 40-page portfolio in the upcoming issue.
Guests were welcomed alongside a curated group of Car of the Year partners, including Jacob & Co. and La Prairie, with Peter Lehmann Wines and Glenfiddich ensuring the evening unfolded in suitably polished fashion.
The broader program was supported by partners including Citizen Kanebridge, Msquared Capital, Hardy Brothers, Bell Helicopters, Saddles and Spicers Retreats, reflecting the wider luxury ecosystem that underpins the event.
With full results set to be published in the next issue of Robb Report Australia & New Zealand, attention now turns to the next instalment of the program, with this year’s Car of the Year drive scheduled for September.
For those in the room, however, the message was already clear. In a field defined by innovation and performance, the Vanquish still knows how to stand apart.
With full results published in the next issue of Robb Report Australia & New Zealand, attention now turns to the next instalment of the program, with this year’s Car of the Year drive scheduled for September.
Once a sleepy surf town, Noosa has become Australia’s prestige property hotspot, where multi-million dollar knockdowns, architectural showpieces and record-setting sales are the new normal.
In the lead-up to the country’s biggest dog show, a third-generation handler prepares a gaggle of premier canines vying for the top prize.
