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Heat comes out of the housing market as values across Melbourne dip and Sydney slows | Corelogic Home Value Index

CoreLogic’s national Home Value Index (HVI) rose 0.6% in November, the smallest monthly gain since the growth cycle commenced in February. Despite the slowdown, the national HVI reached a new record high in November. After falling -7.5% from a peak in April 2022 to a trough in January 2023, housing values have bounced 8.3% higher…

Australia’s property market is on track to fully recover by the end of 2023 | Domain House Price Report

The Australian property market is indeed showing signs of recovery. According to Domain’s House Price Report for the September Quarter, Australia’s property market is on track to fully recover by the end of this year. Only about $2,000 separates house prices from reaching a new record and $5,000 for units across the combined capitals. Housing…

Top-performing suburbs in each city over the past year

A lot has happened in Australia’s property market over the past 12 months. After the once-in-a-generation boom in 2020- 21, affordability issues caused by rising interest rates and tightened lending criteria put pressure on prices during 2022. But commencing February 2023 our housing markets moved to the next phase in the property cycle – the…

What’s ahead for property in 2023 and 2024?

What’s ahead for the Australian property market for the balance of 2023 and into 2024? Over the last year we experienced twelve interest rate rises, stubbornly high inflation, wage decisions that risked a wage-price spiral and new economic data suggesting Australia’s economic growth has all but come to a standstill. You can understand why some…

The Mirage of Overnight Property Millionaires: Distinguishing the Skilled from the Lucky

Following the exhilarating thrill of the property boom we experienced in 2020-21, a new breed of self-proclaimed property investment “experts” has emerged. These individuals, having reaped substantial rewards from the boom, are now gloating about their seemingly impeccable judgment and expertise, offering to sell you the secret to their success. But beware – all that…

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