James Chase Buyers Advocacy

𝟮𝟬𝟮𝟰 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗻𝗮𝗽𝘀𝗵𝗼𝘁: 𝗮 𝘁𝗮𝗹𝗲 𝗼𝗳 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗮𝗻𝗱 𝗿𝗲𝗰𝗮𝗹𝗶𝗯𝗿𝗮𝘁𝗶𝗼𝗻! While Australia’s housing prices remain at record highs, the pace has cooled. Here’s what’s driving the shift: • #Brisbane now outshines #Melbourne as the second most expensive city. • #Construction supply is lagging behind demand, keeping prices steady. • Rentals are easing—vacancies are up, and prices are stabilising. • Buyer confidence is set for a boost in 2025 when interest rates ease. The market is evolving—how are 𝘺𝘰𝘶 planning to adapt to these changes? #propertymarket #housingprices #propertysupply #buyerconfidence #2025 #buyersagent #buyersagency #sydney #sydneypropertymarket Source: PropTrack

𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗼𝗳 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗼𝗻 𝗮 𝗽𝗲𝗿–𝘀𝗾𝘂𝗮𝗿𝗲–𝗺𝗲𝘁𝗿𝗲 (𝗽𝗲𝗿 𝘀𝗾𝗺) 𝗯𝗮𝘀𝗶𝘀 𝗼𝗳𝗳𝗲𝗿𝘀 𝗮 𝗱𝗲𝗲𝗽𝗲𝗿 𝗹𝗼𝗼𝗸 𝗶𝗻𝘁𝗼 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮’𝘀 𝗵𝗼𝘂𝘀𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝘆𝗻𝗮𝗺𝗶𝗰𝘀. While block sizes have remained relatively stable over the years, price trends per sqm reveal how much value buyers place on location, lifestyle, and demand for space, independent of land size. This metric highlights intriguing contrasts between cities and suburbs across the country. Key Points • Sydney Leads in Per-Sqm Costs: Sydney remains Australia’s priciest market, with a median of $2,450 per sqm—53% higher than second-placed Melbourne, where smaller lot sizes bolster its ranking. • Smaller Lots, Higher Per-Sqm Values: Paddington’s compact blocks command the highest price per sqm ($28,000) in Sydney, more than 10 times the city’s median, reflecting demand for inner-city, lifestyle-focused living. • Affordability Across Regions: Darwin is the most affordable capital, with prices 30% lower than Hobart’s $920 per sqm, offering exceptional value for space compared to southern cities. • Regional and Suburban Contrasts: Outer suburbs like Kurrajong ($446 per sqm) offer expansive lots but lower per-sqm costs, while premium suburbs like Bellevue Hill prioritize prestige over density.

𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮’𝘀 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗧𝗿𝗲𝗻𝗱𝘀 𝗮𝗻𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗥𝗮𝘁𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸: 𝗪𝗵𝗮𝘁 𝗜𝘁 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 The latest CPI data indicates a continued decrease in inflation, yet not enough to prompt a shift in the RBA’s current interest rate policy. While inflation is within the RBA’s target range, the bank’s focus on underlying inflation pressures suggests that any rate cuts are unlikely before February 2025. 𝗦𝗹𝗼𝘄𝗲𝗿 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗚𝗿𝗼𝘄𝘁𝗵: The CPI rose by 2.8% over the year to September 2024, the lowest annual increase since early 2021. However, underlying inflation, such as the trimmed mean CPI at 3.5%, remains high, affecting RBA decisions. 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝗥𝗮𝘁𝗲 𝗖𝘂𝘁𝘀 𝗗𝗲𝗹𝗮𝘆𝗲𝗱: Given persistent inflationary pressures and strong labor market conditions, interest rate cuts are unlikely before February 2025 and may be delayed until May or even later. 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗦𝘂𝗽𝗽𝗹𝘆 𝗮𝗻𝗱 𝗕𝘂𝘆𝗲𝗿 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝘆: October’s peak spring season saw higher listing volumes and resilient buyer activity, contributing to a national home price increase of 0.26% and sustaining price growth for 22 consecutive months. 𝗗𝗶𝘃𝗲𝗿𝘀𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: While price growth is seen nationally, cities like Brisbane, Adelaide, and Darwin experienced slower momentum, as buyers benefit from increased options and navigate affordability pressures. #inflation #reservebank #cashrate #interestrates #property Source: PropTrack

Australia’s housing market continued to experience subdued growth in October, with CoreLogic’s national Home Value Index (HVI) recording a slight 0.3% rise. While mid-sized capitals led the increase, Sydney saw its first decline since January, reflecting an easing of the market’s recent upswing. Rising inventory levels and affordability pressures have shifted conditions in favor of buyers, especially in larger markets. 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀: 𝗠𝗼𝗱𝗲𝘀𝘁 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗚𝗿𝗼𝘄𝘁𝗵: October marked a slight 0.3% rise in the HVI, driven mainly by Perth and other mid-sized capitals, while Sydney and Melbourne saw minor declines. 𝗘𝗮𝘀𝗶𝗻𝗴 𝗚𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗟𝗼𝘄𝗲𝗿 𝗤𝘂𝗮𝗿𝘁𝗶𝗹𝗲𝘀: Lower quartile housing markets are performing better than higher-priced segments, with affordability challenges and limited borrowing capacity bolstering demand in lower-value areas. 𝗥𝗶𝘀𝗶𝗻𝗴 𝗟𝗶𝘀𝘁𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗕𝘂𝘆𝗲𝗿 𝗖𝗵𝗼𝗶𝗰𝗲: A 12.7% increase in advertised listings since winter is giving buyers more options, especially in Sydney and Melbourne, where inventory is now above the five-year average. 𝗟𝗼𝗼𝘀𝗲𝗻𝗶𝗻𝗴 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗖𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀: Auction clearance rates have dropped below 60%, with median days on the market rising, indicating softer selling conditions and easing buyer urgency. CoreLogic’s October data shows Australia’s housing market remains steady but subdued. #sydney #propertyprices #property #househunting #housingaffordability #buyersagent

In the September quarter of 2024, Australia’s housing market growth slowed, with national housing values rising by just 1.0%. This is the lowest quarterly increase since March 2023, indicating a shift in market momentum. While some capital cities continue to see gains, others are experiencing declines, and selling conditions are softening across the board. • 𝗦𝗹𝗼𝘄𝗲𝗿 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗚𝗿𝗼𝘄𝘁𝗵: Housing values rose by 1.0% nationally in Q3, marking the slowest growth in the Home Value Index (HVI) since March 2023. • 𝗗𝗲𝗰𝗹𝗶𝗻𝗲𝘀 𝗶𝗻 𝗙𝗼𝘂𝗿 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗖𝗶𝘁𝗶𝗲𝘀: Melbourne led with a -1.1% drop in values, followed by Canberra, Hobart, and Darwin also experiencing declines in the September quarter.   • 𝗦𝘆𝗱𝗻𝗲𝘆 𝗮𝗻𝗱 𝗠𝗶𝗱-𝗦𝗶𝘇𝗲𝗱 𝗖𝗮𝗽𝗶𝘁𝗮𝗹𝘀 𝗦𝗹𝗼𝘄𝗶𝗻𝗴: Sydney home values rose by just 0.5%, while mid-sized capitals like Perth (+4.7%), Adelaide (+4.0%), and Brisbane (+2.7%) are also seeing slower growth. • 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗟𝗶𝘀𝘁𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗦𝗼𝗳𝘁𝗲𝗿 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗖𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀: National property listings are up 3.2% year-over-year, and auction clearance rates have fallen to the low 60% range, signaling weaker selling conditions. • 𝗟𝗼𝘄𝗲𝗿 𝗤𝘂𝗮𝗿𝘁𝗶𝗹𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗨𝗽𝗽𝗲𝗿 𝗤𝘂𝗮𝗿𝘁𝗶𝗹𝗲: Over the past year, lower quartile dwelling values have risen 12.4%, while upper quartile values increased by only 3.8%. • 𝗨𝗻𝗶𝘁 𝗩𝗮𝗹𝘂𝗲𝘀 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗛𝗼𝘂𝘀𝗲 𝗩𝗮𝗹𝘂𝗲𝘀: Six of the eight capital cities saw stronger growth in unit values than house values during the September quarter. • 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗹𝗼𝘄𝗱𝗼𝘄𝗻: Regional housing growth slowed from 2.3% in April to 1.0% in September, although WA (+3.6%), SA (+2.3%), and Queensland (+2.0%) regions are still performing well. Source: CoreLogic Australia #housing #australianhousing #property #propertymarket #sydneypropertymarket #pricegrowth

𝗜𝗻𝘁𝗲𝗿𝘀𝘁𝗮𝘁𝗲 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗲𝗻𝗾𝘂𝗶𝗿𝗶𝗲𝘀 𝗶𝗻 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁𝗹𝘆 According to Proptrack, interstate property enquiries in Australia increased with 22% of buyers showing interest in purchasing property outside their home state. States like the Northern Territory (NT), Tasmania, and the ACT are attracting more interstate interest, while New South Wales (NSW) has the lowest share of external enquiries. NSW, however, leads in outbound interest, especially in states like Queensland and Western Australia. Interstate property investment has been driven by factors such as affordability, rental demand, and housing shortages. 𝗥𝗶𝘀𝗶𝗻𝗴 𝗜𝗻𝘁𝗲𝗿𝘀𝘁𝗮𝘁𝗲 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁: 22% of property enquiries in Australia are now from buyers looking outside their home state, with NT, Tasmania, and the ACT being the most popular. 𝗡𝗦𝗪 𝗗𝗼𝗺𝗶𝗻𝗮𝘁𝗲𝘀 𝗢𝘂𝘁𝗯𝗼𝘂𝗻𝗱 𝗘𝗻𝗾𝘂𝗶𝗿𝗶𝗲𝘀: Despite low inbound interest, 37% of all interstate enquiries come from NSW, driven by the high cost of property within the state. 𝗪𝗔'𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘂𝗿𝗴𝗲: Western Australia has seen a significant rise in interest from interstate buyers, especially from NSW, with property prices in Perth increasing by over 20% in the last year. 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗔𝘁𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻: Low rental vacancies, rising rents, and property affordability in states like WA are attracting investors, contributing to the surge in interstate property enquiries.

According to the Commonwealth Bank, more first home buyers are taking advantage of government schemes to get onto the property market. Full details in the article below which also includes George Cherchian's comments on rentvesting. https://lnkd.in/ddj8qXrd

𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸𝘀 𝗣𝗿𝗼𝗽𝗧𝗿𝗮𝗰𝗸 𝘄𝗲𝗲𝗸𝗹𝘆 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝘂𝗽𝗱𝗮𝘁𝗲. 𝗥𝗲𝗻𝘁𝗮𝗹 𝗖𝗿𝗶𝘀𝗶𝘀 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻: Recent signs show rental conditions in Australia are stabilizing after three challenging years, with vacancies easing in most capitals except Hobart and Darwin. 𝗥𝗲𝗻𝘁𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝗹𝗼𝘄𝘀: The pace of rental price growth has slowed in most capital cities, except Hobart and Adelaide. Sydney and Brisbane are seeing the slowest growth rates since 2021. 𝗥𝗲𝗻𝘁 𝗗𝗲𝗰𝗹𝗶𝗻𝗲 𝗶𝗻 𝗦𝗼𝗺𝗲 𝗔𝗿𝗲𝗮𝘀: Weekly rents for houses have remained flat or declined in most capitals, with significant drops in suburbs of Sydney, Brisbane, and Canberra. 𝗩𝗮𝗰𝗮𝗻𝗰𝗶𝗲𝘀 𝗘𝗮𝘀𝗶𝗻𝗴: Vacancies have increased in cities like Sydney and Perth, easing the upward pressure on rents. 𝗥𝗲𝘁𝘂𝗿𝗻 𝗼𝗳 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: Increased investor activity has boosted rental supply, contributing to more stable market conditions, despite strong population growth. 𝗠𝗲𝗹𝗯𝗼𝘂𝗿𝗻𝗲'𝘀 𝗨𝗻𝗶𝗾𝘂𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲: Melbourne sees less investor activity, leading to fewer signs of easing rental price growth. The city remains affordable but faces potential issues due to projected population growth. 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗶𝗴𝗵𝘁𝗻𝗲𝘀𝘀: Regional areas are seeing a different trend, with falling vacancy rates and reaccelerating rental price growth. The shift towards regional living continues, driven by workplace flexibility and affordability issues. 𝗡𝗲𝗲𝗱 𝗳𝗼𝗿 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗛𝗼𝘂𝘀𝗶𝗻𝗴: The growing regional population highlights the need for more housing, although delivering this housing is challenging. #rentalcrisis #rentalproperties #houses #units #rentalvacancy #propertyinvestors #propertyinvestment #investmentproperty #propertyportfolio #regionalproperty

🏠 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮'𝘀 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗔 𝗠𝘂𝗹𝘁𝗶-𝗦𝗽𝗲𝗲𝗱 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘆 The performance of home values across capital cities and regional areas varies significantly. Here are the key stats: 𝗧𝗼𝗽 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗲𝗿𝘀 𝗶𝗻 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗖𝗶𝘁𝗶𝗲𝘀: Perth: 🥇 22.77% year-on-year growth Adelaide: 🥈 14.81% growth Brisbane: 🥉 13.93% growth 𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗿𝗲𝗮𝘀: Regional WA: 15.19% growth Regional QLD: 11.20% growth Regional SA: 10.93% growth 𝗠𝗶𝗱𝗱𝗹𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗮𝗰𝗸: Sydney: 6.14% growth 𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗶𝗻𝗴 𝗔𝗿𝗲𝗮𝘀: Melbourne: -0.82% year-on-year Ballarat (VIC): -4.57% Mornington Peninsula (VIC): -3.90% 𝗛𝗼𝘂𝘀𝗲 𝘃𝘀. 𝗨𝗻𝗶𝘁 𝗩𝗮𝗹𝘂𝗲𝘀: Houses: 6.51% year-on-year growth Units: 5.16% growth As we approach the spring selling season, price growth is expected to continue, driven by recent tax cuts boosting household incomes and borrowing capacities. #RealEstate #PropertyMarket #AustraliaHousing #MarketTrends

At James Chase Buyers Advocacy we are seeing a surge in millennial clients entering the property market through rent vesting in the face of high property prices and lagging wages. Here we share our observations https://lnkd.in/gAcN-qry George Cherchian #rentvesting #property #australia #wealthcreation #buyersagentsydney