In this episode, REB journalist Emilie Lauer sits down with PRD chief economist Dr Diaswati Mardiasmo to unpack the current state of Australia’s property market and spotlight the most affordable, liveable suburbs.

The duo starts the episode by exploring the market’s response to the previous interest rate cuts and how they’ve impacted demand, supply, and property prices.

Asti said that while the first cut had minimal effect, the second led to a modest rise in auction clearance rates, building momentum for future cuts.

The duo then turns to PRD’s latest report, identifying affordable suburbs within 20 kilometres of the capital city CBDs.

Asti said affordable suburbs are defined as those below capital city median prices but still offer strong liveability, based on factors like low crime, access to infrastructure, and new housing supply.

The report also considers rental yields, appealing to both owner-occupiers and investors.

In Sydney, suburbs like Guildford and Punchbowl stand out, while Melbourne offers more affordable options in areas such as St Albans and Maribyrnong.

While units remain more affordable than houses, Asti noted that the price gap has narrowed, signalling growth potential across both asset types.

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If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend a voice to the show, email editor@realestatebusiness.com.au for more insights.

Market update: Where interest rate cuts are stirring buyer activity

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