Oliver Hume Corporation

Last week, the Oliver Hume team in Victoria wrapped up the year in style with a memorable end-of-year celebration!   We came together to celebrate staff milestones, teamwork, and a fantastic year of achievements in 2024, all while enjoying incredible entertainment.   It was an unforgettable evening honouring an amazing team and a successful 2024. Here’s to an even brighter 2025!

Thank you to James Thomson and the Australian Financial Review for utilising Oliver Hume data today to highlight the incredibly challenging environment faced by young borrowers.   Our research shows that in the past six years, the cost of an average house and land package in Melbourne’s north has jumped 39 per cent to $751,000, but the borrowing capacity of a typical dual-income household has fallen 24 per cent to around $522,000.   In Sydney, a typical house and land package has risen about 37 per cent to around $1,040,000. But the borrowing capacity of a typical young couple has also fallen about 24 per cent to $676,000.   It doesn’t need to be this way. There is a suite of options available to government to close the gap between price and income. We will continue to advocate for change to make sure that the Great Australian Dream remains an aspirational goal, not an impossible relic of the past.   Read the full story here: https://lnkd.in/gi3ZYJQQ

MITCHY KOPER AND MATTHEW BELL JOIN OLIVER HUME   Property services and funds management group Oliver Hume has expanded and enhanced its marketing and research teams with the appointments of Mitchy Koper as National Head of Corporate Affairs and Marketing and Matthew Bell as Chief Economist.   Ms Koper is a communications and marketing executive with over 35 years industry experience and will be responsible for growing the Oliver Hume brand nationally.   Mr Bell is an experienced commercial economist and property advisor Matthew Bell will be responsible for expanding the company’s economic coverage and insights.    Oliver Hume Real Estate Group Chief Executive Officer, Julian Coppini said the appointments would strengthen the company’s leadership and advisory capability.   Read more here: https://lnkd.in/gni2gWTp

We are looking forward to a better year for the Victorian land market in 2025 but to ensure we can reach our full potential we must stay focussed on fostering an environment where the supply of greenfield land matches our growing and changing population.   Oliver Hume CEO Julian Coppini spoke to the Herald Sun about the link between land supply and affordability.   “With international student numbers rising again and strong overseas migration, Victoria’s population growth has now returned to pre-COVID levels and is the fastest growing State in the country. This will make the current supply crisis even more acute unless we find a way to bring more land development sites to market.   With price growth in other states outstripping Melbourne over recent times, more people will be re-thinking plans to move interstate, further exacerbating the supply crisis. “   Read the full story here https://lnkd.in/gTGhKS_F

Land markets across the country continue to run at two speeds.  South East Queensland and South Australia are performing robustly, with strong demand and record-breaking prices in some regions, though affordability concerns are starting to emerge. Sales volumes remain above long-term averages in Queensland, while restricted supply in Adelaide limits activity despite high demand. Conditions in Melbourne remain challenging due to weaker demand, affordability issues, and excess resale inventory. Prices are showing signs of stabilising, but incentives and rebates are driving net price declines. Buyer confidence is gradually recovering as concerns over further rate hikes ease, and Melbourne's relative affordability compared to other capital cities is seen as a key driver of future recovery. Over the medium to long term, strong population growth will continue to drive robust demand for new residential property in the metropolitan and regional areas. Read the full Quarterly Market Insights Report here: https://lnkd.in/gUH3ikw6 Julian Coppini | Peter Vassallo | Ryan Woock

A huge congratulations to Ho Bee Land for their outstanding achievement at the 2024 REA National Excellence Awards! Winning the Land Campaign of the Year QLD/NT for Tillerman, Park Ridge is a testament to their innovative and strategic approach. This recognition, backed by realestate.com.au's powerful data insights, underscores HB Land's ability to craft campaigns that resonate with buyers and drive exceptional outcomes. Being finalists for both Tillerman, Park Ridge and Bellevue, Ripley further highlights their leadership and expertise in delivering successful, developer-focused projects that stand out in a competitive market. A well-deserved win for a visionary team!

This International Men’s Day, we are focusing on building healthier communities for men and boys. Men’s health and wellbeing is not just an individual concern but a shared wellness priority. A surprising 50 Australian men are dying each day from preventable causes before they reach the age of 75. By recognising and addressing these problems together, we can help contribute to creating a healthier future. Our team at Oliver Hume embraced this year’s theme ‘Men’s Health Champions’ over the weekend by participating in the Corporate Soccer Games Competition. Pushing through injuries, the Oliver Hume team represented core elements of this year’s theme - comradery, mateship, and the pursuit of a healthier and more active lifestyle. Let’s all show our support and appreciation for the men in our families, lives, and communities who may be struggling, and encourage them to stay active and prioritise wellbeing. #MensHealthChampions

A huge congratulations to the entire team at The Quarter, Morphettville for a successful sell out of the first 10 homes released over the weekend. Well done to Villawood Properties for bringing this project to life, Eliza McGrath for such professionalism in the sales process and to the Oliver Hume Corporation South Australian team for your incredible sales support.

It’s time to turn the tide of affordability in Melbourne, ensuring we don’t follow Sydney’s path of limited land supply and rising housing costs.   Oliver Hume and Quantify Strategic Insights, recently joined forces to prepare a submission to the Victorian Government's ‘Plan for Victoria’, addressing the challenges facing Melbourne and highlighting potential solutions. The easiest and most obvious solution to the crisis is to increase the supply of greenfield land to meet the needs and demands of homebuyers. In his latest article, Julian Coppini, Chief Executive Officer Oliver Hume Real Estate Group, discusses the pressing need for more homes to match population growth, the importance of expanding the Urban Growth Boundary (UGB) and revamping the Precinct Structure Plans (PSPs).   Read the full story here: https://lnkd.in/gkikkfZK

Signs of Recovery in the Victorian Market: Are We Reaching a Turning Point? After a tough couple of years, the Victorian greenfield market is starting to look very attractive again. The Urban Developer's, Taryn Paris, recently spoke to Oliver Hume Real Estate Group Chief Executive Officer Julian Coppini about our September land sales data and the outlook for the land market. “We are seeing increasing evidence that Victoria is becoming more appealing to investors and builder groups, particularly as other Australian states have experienced significant and unprecedented rises in median house prices,” Mr Coppini said. Read the article here: https://lnkd.in/grnNeXGe