Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. After outperforming through much of 2023, upper quartile home values are now recording a slower quarterly rate of appreciation compared to the broad middle and lower quartiles, CoreLogic’s March Housing Chart Pack…
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What’s the outlook for the Australian property markets for the rest of 2024? Have interest rates really peaked now and when will they start coming down or will the RBA raise rates again in 2024? Will the “fixed interest rate cliff” and affordability issues cause a round of distressed sales and prices to fall or…
With property values rising and “re-accelerating” in all major capital cities according to market analysts CoreLogic, and with talk of interest rate cuts on the horizon, the Australian property market is gearing up for strong market this year. Australia’s housing is so horribly undersupplied that I’ve rarely encountered a supply-demand inflection point like this. The…
Are you wondering what will happen to the Melbourne property market in 2024? Clearly, the Melbourne housing market has not performed as strongly as some other capitals over the last year, but Melbourne’s property values are expected to gain ground as we move through 2024. Melbourne home prices lifted 0.1% in February, bringing them up…
Are you wondering what’s ahead for the Brisbane property market in 2024? Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout 2024, with dwelling values continuing to go from strength to strength. Brisbane’s housing market skyrocketed over the last few years with 53.5% price growth…
Are you wondering what’s ahead for the Sydney property market in 2024? Well…Sydney’s home values will continue to increase, although a little more slowly than they did in 2023. The surge in properties for sale in Sydney hasn’t yet slowed demand, with prices rising 0.5% in February and 10.6% over the past year. Both buyer…
Australia’s luxury property market has significantly outperformed over the past 10 years and will likely continue its strong trajectory going forward, new data reveals. Ray White’s recent economic update reveals that median-priced houses increased 78% over the past 10 years while luxury property – houses valued in the top 5% – doubled in value over…
What’s ahead for property in 2024? Well, now that we’ve got a few months of the year under our belt it’s clear that many markets around Australia are likely to experience significant growth over the year driven by a confluence of factors that will underpin strong demand for well-located properties. It is now clear that…
2023 was really a year of confusing economic signals, mixed real estate messages and bewildered investors. And 2024 is turning out to be much the same. In other words: the perfect environment for strategic long-term real estate investors. And just like those who took advantage of the property markets 12 months ago found their properties…
In the dynamic world of Australian real estate, we’re witnessing a tale of two markets, according to industry veteran John McGrath. According to McGrath, the contrast is stark: thriving luxury suburbs versus a more cautious lower-end market, each responding differently to economic forces. Steady growth at the top McGrath, the Chief Executive of the real…