What’s in store for the Australian housing market in 2025; and other housing headlines

For PropertyGuru’s real estate news roundup, look at what’s shaking up the Australian housing market in 2025. In other news, the Department of Human Settlements and Urban Development has been developing strong shelters that build up thriving communities in the Philippines since 2019. Lastly, find out why Ho Chi Minh City and Hanoi, Vietnam’s two business and financial hubs, have been included among Asia’s least affordable cities for homebuyers.

What’s shaking up the Australian housing market in 2025? – CoreLogic

As we step into 2025, the economic landscape is shifting. Pandemic-driven trends like high inflation and overseas migration are easing. The RBA cash rate might finally drop, with lending policies playing a role in how this impacts the market. Unemployment is set to rise, but those with secure jobs will enjoy higher real incomes. Residential construction is transitioning—workloads are high, but new projects are slowing. So what does it all mean for the market? The Real Estate Conversation reports on lower interest rates boosting housing values and transactions, lending policy that could amplify or nullify the impact of rate reductions, unemployment rising but unlikely to negatively impact housing values, and more.

A steadfast quest for adequate housing in the Philippines

The Department of Human Settlements and Urban Development (DHSUD) has been instrumental in developing strong shelters that build up thriving communities in the Philippines. Established in 2019, the DHSUD has the mission to develop and regulate housing projects across the country. It is specifically tasked with ensuring that the basic housing needs of all Filipino families are met. It oversees housing policies, housing programs, urban planning and development. According to BusinessWorld, 2024 marked another significant chapter for the department as it continues implementing successful initiatives to further strengthen housing in the country. The national housing program, also known as the Pambansang Pabahay Para sa Pilipino Housing Program or 4PH, aims to deliver socialized housing solutions to low-income families.

HCM City, Hanoi among Asia’s least affordable cities for homebuyers

Vietnam’s housing market is facing pressure with soaring prices, making Ho Chi Minh City and Hanoi, the country’s two business and financial hubs, among Asia’s least affordable cities for homebuyers, according to a report by property consultant CBRE. According to the recently published report examining the gap between housing costs and income levels in major Asian cities, the two Vietnamese cities have surpassed Singapore in the gap between housing prices and average income. VietnamPlus reports that in Hanoi, the average price for an apartment is about USD2,600 per sq.m, while the typical annual income stands at USD6,300, which results in a concerning income-to-housing price ratio of 2.4.

The Property Report editors wrote this article. For more information, email: [email protected].