Infinite’s Post

Demand for attached dwellings is sweeping Australia, with most of the nation’s capital cities and many key regional centres experiencing surging buyer demand for units. In the Greater Sydney market, for example, the market-share of units in total residential sales has risen from 48% three years ago to 54% now. We have also charted a major shift in buyer activity in Perth. As houses become increasingly expensive, growing numbers of purchasers opt for well-located units. Demand for units has also seen significant growth in Melbourne, Brisbane, Canberra, and key regional cities like the Sunshine Coast and the Gold Coast. The growing popularity of attached dwellings is driven by lifestyle factors as well as by the relative affordability of units over houses in the same area. As “The new paradigm” report published with Nuestar shows, the old paradigm of houses on land outperforming units on capital growth no longer stands up to scrutiny. Now units are competing strongly on price growth, as well as lower buy-in prices and better rental yields. If you would like to stay up to date with everything that is happening in the property market you can sign up via my website https://lnkd.in/gQw54dEi #BuyersAgent #QueenslandProperty #RealEstate #PropertyMarket

House prices have officially climbed above the $1 million mark for the first time after a strong 12 months of growth. According to the Real Estate Institute of Australia (REIA) house prices in the major capital cities increased 1.8 per cent in the past three months while other dwellings jumped 1.7 per cent. The national median house price officially reached $1,005,242 marking the highest price on record. The median price for houses increased in Sydney, Brisbane, Adelaide, Perth, Canberra and Hobart, but decreased in Melbourne, and Darwin with increases ranging from 1.1 per cent in Canberra to 7.5 per cent in Perth. Sydney has the highest median house price at $1,595,310, which is now 58.7 per cent higher than the national median. Darwin is currently the most affordable city in the country with a median house price of $560,000. Read on:

🏠 Capital City Sale Price Analysis We've just released our latest analysis of the Australian residential property market, exploring price segments across major cities. Key insights reveal significant variations in pricing, particularly concerning properties sold under $1M. Here are some highlights: Sydney continues to demonstrate its premium market status with a much smaller percentage of homes under $1M. The lack of sub $1M houses will either a) drive buyers into townhomes and units or b) keep potential buyers in the rental market or c) push them out of the city for good. Melbourne and Brisbane show more accessible housing options, with a notable percentage of both houses and units selling below $1M. Adelaide, Perth, and Hobart offer affordability with most properties, especially units, priced under $1M. 📄 The full detailed report is attached as a PDF. Feel free to download it for a more comprehensive analysis and to leverage these insights for your strategies. Please give us a visit at suburbtrends.com and check out our brand new suite of reports and new website layout.

There continues to be a two speed market in Melbourne where the housing sector has seen 71% growth and apartments has seen 22% growth over the last decade. This looks set to continue with the large supply of apartments in the market, as they can build more apartments but generally can’t build as many houses. https://lnkd.in/g_n9Y-NS

Unit values in Sydney have remained resilient, while the house segment of the market continues to show signs of weakness. CoreLogic's Monthly Index revealed that unit values rose by 0.2 per cent in November and 0.4 per cent over the past three months, while house values contracted by -0.4 per cent in November and are down -0.8 per cent over the past quarter. Sydney’s median unit value is now $865,000, reflecting a 2.5 per cent increase since the start of the year. Read more about what happened in Sydney’s off the plan apartment market in November. TOGA | Charter Hall | ICD Property | Mirvac | Thirdi Group | Ellipse Property | GWH Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird 🐦⬛ to keep your finger on the pulse of the apartment and townhouse market.

As house prices surge, unit living is gaining traction in Australia's capital cities. Nearly 50% of unit markets remain affordable, compared to just 29.2% for houses, according to PRD’s Affordable and Liveable Property Guide. Brisbane leads the way with 60.3% of its suburbs offering affordable units, even as prices rise. Value hotspots include Spring Hill (units at $480,000) and Broadmeadows in Melbourne (houses at $568,000). Buyers are increasingly compromising on location to secure affordable properties, particularly in Brisbane, where growth and limited new stock create unique challenges. #realestate #eliteagent #eliteagentmag #realestateagent #HousingMarket #PropertyTrends #AffordableLiving

Apartment prices in certain markets across Sydney and Melbourne have dropped by around 20% since 2017. Buyers are holding back for several reasons: 1. Owner-occupiers are less interested in smaller units within high-density projects, which don’t meet the needs of today’s buyers. 2. Defects or the potential for defects in newly built apartments continue to deter interest. 3. Higher interest rates are making it difficult for investors to justify holding onto these properties, as yields remain low and capital growth prospects have diminished. For demand to pick up, we’ll likely need to see further declines in both interest rates and apartment values.

// 📈 City Housing Markets Surge: Valuers Predict Significant Price Increases for Apartments and Houses 🔥 The latest CBRE survey indicates a strong outlook for apartment and house prices in major city markets over the next 12 months. Valuers are particularly optimistic about Perth, with more than half predicting apartment values to rise by at least 5%, and nearly one-fifth expecting similar growth for Sydney apartments. Brisbane and Adelaide are also expected to see significant gains, with 37% and 28% of valuers, respectively, forecasting a 5% increase in apartment values. This marks a substantial improvement from the previous quarter's predictions. As reported in the AFR, house prices are also expected to climb, especially in Perth, Adelaide, and Sydney. Nearly one out of five valuers predict Perth's house prices will increase by more than 10%, while a higher percentage anticipate at least a 5% rise in Adelaide, Sydney, and Brisbane. The robust demand, coupled with low stock levels and strong population growth, supports these positive forecasts. As new apartment supply remains limited and construction costs have surged, existing properties are becoming more valuable, further driving up prices in these city markets.

A fascinating new report has revealed the difference in house prices and sizes among the capital cities, and how this relates to affordability. Sydney houses cost a median of $2,590 per square metre to buy, compared to just $712 in Darwin, according to Domain. Not coincidentally, Sydney houses sit on relatively small blocks (563sqm), while Darwin houses sit on the largest blocks (802sqm). Domain found a clear link between land cost and house size – and that as land has been getting dearer, properties have been getting smaller. “While this may seem counterintuitive, it actually creates more opportunities for home ownership. Higher density translates to increased affordability. This stems from a fundamental truth: as the population continues to expand, available land remains finite,” Domain said. Please feel free to reach out to us. You can book a 15 minute call with Luke here https://bit.ly/49qG9ll #property #realestate #homeloans

Great news for the U.S. apartment market! 📈🏢 Quarterly apartment demand saw a significant increase in the first three months of 2024, signaling a return to seasonal market norms. This jump reflects positive trends and growing demand in the rental housing sector. 🏠 #ApartmentDemand #RentalMarket #RealEstateTrends