Housing Market April 2024au

Housing Market April 2024au. Southern downs regional council has taken decisive action to support residents who want more affordable housing choices by removing obstacles from its residential dwelling regulations. Housing affordability has deteriorated significantly as interest rates have risen and the apartment market offers a relative discount.

However, an undersupply of housing relative to demand continues to keep upwards pressure on home values despite these headwinds. The median rental prices held steady at $650 per week for houses and $600 per week for units in april.