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Australian Home Prices Set to Soar Amid Tight Supply

11/28/2025

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Summary

Story summary

The Reuters poll projects Australian home prices to rise 8% this year and 6.9% in 2026, due to tight supply and demand.
The median price hit a record A$872,538 in October.
First-time buyers face challenges from a lack of entry-level homes.
The federal scheme allows 5% deposits and could inflate demand.
The government aims to build 1.2 million homes by 2030, though feasibility remains uncertain.

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Story summary

The Reuters poll projects Australian home prices to rise 8% this year and 6.9% in 2026, due to tight supply and demand.
The median price hit a record A$872,538 in October.
First-time buyers face challenges from a lack of entry-level homes.
The federal scheme allows 5% deposits and could inflate demand.
The government aims to build 1.2 million homes by 2030, though feasibility remains uncertain.