Australian Property Journal’s Post

Looking at the latest data from CoreLogic Australia for September 2024, it's clear that house prices remain highly varied across the country. The national narrative often focuses on the overall dwelling values, which include units, isolating house prices presents a slightly different perspective. Median House Values Sept 2024 1. Sydney - $1,471,892 2. Canberra - $967,933 3. Brisbane - $966,382 4. Melbourne - $929,715 5. Adelaide - $844,963 6. Perth - $818,839 7. Hobart - $692,606 8. Darwin - $589,392 Sydney continues to lead the way with a median house price of $1.47 million, further cementing its reputation as the most expensive city in Australia for property buyers. However, what’s particularly notable is the narrowing gap between the other capital cities. Canberra and Brisbane are neck-and-neck, with Brisbane coming in at just over $966,000, showing the city's growing appeal as a destination for both homeowners and investors. Melbourne, while traditionally one of the pricier markets, has seen its median house price come in just below Brisbane’s at $929,715. Adelaide and Perth, historically more affordable, have both experienced significant growth over the past year, with values now exceeding $800,000. Hobart and Darwin remain the most affordable capital cities, but even here, prices are approaching the $700,000 and $600,000 marks, respectively. These figures highlight the diverse nature of Australia’s property market, and for investors or homebuyers, they emphasize the importance of understanding the local drivers in each city. Whether it’s job opportunities, population growth, or lifestyle factors, the factors influencing house prices differ significantly across the country. #weareALIC #InvesmentLEnding #EthicalLending #PropertyMarket

Adelaide's property market has surged ahead, but Melbourne still offers exceptional value. Now is the prime time to invest in Australia's cultural capital. Reach out for a chat if you're keen to discuss further. #melbournerealestate #buyersagent #propertyinvestment

Melbourne's real estate market is currently experiencing a unique phase where other cities like Adelaide and Perth are seeing significant growth. This shift highlights Melbourne’s potential for future resurgence and underscores the dynamic nature of its property market. While Melbourne's home values may be temporarily outpaced, the city’s rich cultural landscape and economic resilience position it well for a promising comeback. This situation could present exciting opportunities for investors and buyers looking to capitalize on Melbourne’s long-term potential.

Did you know that in the post-pandemic era, a growing number of Australians are choosing apartment living over traditional houses? It’s an attractive option for those with a modest investment budget. This trend is creating ample opportunities for investors to capitalise on the demand for affordable apartments in emerging suburban hubs. For example, the noticeable shift towards satellite cities like Liverpool and Geelong indicates more affordable property prices with a potential for capital growth. For more information, check out our newest article, 'Affordable Australian Real Estate Under $650k'. We dive into the top five suburbs to buy for under $650k in New South Wales, Victoria and Queensland. https://hubs.la/Q02rLrjM0 #Ironfish #TogetherInProperty #propertyinvestment #apartment #bangforyourbuck

Melbourne is growing rapidly. 🏠 Predicted to overtake Sydney as Australia’s most populous city over the next decade, the Victorian government is responding to Melbourne's housing affordability challenges by asking councils across the city to plan for the delivery of nearly 2 million new homes by 2051, which raises the question: Where should more homes be built? In the second instalment of our state-based insights series on the economics of housing in Australia, we explore the societal and economic costs and benefits of building more housing in different parts of Melbourne. Click here to read the article 👉 https://lnkd.in/g9EXbE-i #expertswithimpact #housingshortage #melbourne #melbournehousing #TheEconomicsofHousingAustralia

Want to know what's been happening in the Real Estate market lately? Nationally, housing growth is slowing, with diverse conditions across cities. As reported by CoreLogic, factors like affordability and increased listings are shaping the market, with mid-sized capitals like Adelaide continuing to outperform larger cities. Adelaide’s property market remains resilient, with a 1.3% rise in September and a strong 14.8% annual growth. #HousingTrends #RealEstateUpdate #AdelaideProperty

In May, according to CoreLogic, Brisbane's median house values surpassed Melbourne's for the first time since June 2008, moving Brisbane from fourth to third place among Australia's most expensive capital city housing markets, now behind Sydney and Canberra. Additionally, Brisbane's median unit values have overtaken those of both Melbourne and Canberra, making Brisbane the second most expensive capital city unit market throughout Australia. For a market snapshot of Brisbane's property market, please see below. #brisbanepropertymarket #brisbanehousevalues #brisbaneunitvalues #brisbaneproperty #brisbanerealestate

Melbourne consistently ranks among the world’s top 10 most liveable cities. This popularity has led to rapid growth, with over 167,000 new residents added between 2022 and 2023, straining Melbourne’s housing market. Read our latest article in the Economics of Housing Insights in Australia series, where we examine the economic cost and benefits of building more housing in Melbourne. 👉 https://lnkd.in/gNjqd-yv

Did you know that in the post-pandemic era, a growing number of Australians are choosing apartment living over traditional houses? It’s an attractive option for those with a modest investment budget. This trend is creating ample opportunities for investors to capitalise on the demand for affordable apartments in emerging suburban hubs. For example, the noticeable shift towards satellite cities like Liverpool and Geelong indicates more affordable property prices with a potential for capital growth. For more information, check out our newest article, 'Affordable Australian Real Estate Under $650k'. We dive into the top five suburbs to buy for under $650k in New South Wales, Victoria and Queensland. https://hubs.la/Q02rLg8H0 #Ironfish #TogetherInProperty #propertyinvestment #apartment #bangforyourbuck

The second instalment of our state-based insights series on the economics of housing in Australia is out! 🏡 Focusing on Melbourne, we examine the best locations for new housing development to address shortages and generate the highest net societal benefits of increased residential density. It was great to work on this analysis alongside Lars Rognlien, Jozef Masseroli and Louis Cui. Read here 👉 https://lnkd.in/gNjqd-yv #economics #melbournehousing #melbourne #FTIConsulting