The Australian share market is opening for trade again in the new year, with issues such as interest rates, inflation and global politics set to shape markets in 2025. Follow the day's financial news and insights from our specialist business reporters on our live blog.This was a slight outperformance of the overall benchmark index ASX 200 which also registered 7.49% gains in the whole year and the same total gross return.
CoreLogic's data shows Australia's property market went backwards at a national level in December, recording the first decline in almost two years with a dip of 0.1%. Separate data from REA Group also shows this decline happens, with its data showing an even bigger dip in December of 0.17%. 'The report found that national home prices were down by 0.17% in December yet remained 4.73% higher year-on-year, as all capital cities except Perth and Hobart recorded a decline,' REA Group's data noted.'It really does set the scene for a soft start to 2025,' CoreLogic's chief economist Tim Lawless said.You can watch more about property prices in this special edition of ABC's The Business which delves into the market.Australia's housing market is in a downturn for the first time in almost two years after the average national price of a property sold dipped slightly in December. The data from CoreLogic shows the median value of property sold in the last month of 2024 was just shy of $815,000 after a price drop of 0.1 per cent. Yet there's a lot of divergence between cities and regions. You can read all of the data in this article. Do you have a story about real estate agents that have sold or rented your property? Or are you a first home buyer that can't get into the market?The Australian share market is set to open lower this morning, after Wall Street did the same. Yet numbers show the US markets made massive gains in 2024, with the S&P 500 rising almost 25% in a year
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