Opteon AUS & NZ’s Post

🏡 With interest rates remaining on hold, Tim Lawless from CoreLogic has suggested the market has "found a groove" in the latest Home Value Index report. 📈 This "groove" means a $1.5m 2 bedroom unit in a blue chip Sydney suburb was up another $7,500 last month alone based on these figures and a whopping $94,500 for the financial year. 🏡✨”I want to save a bit more before I invest….” Is something I hear a lot. My response: “what’s happening faster; the amount you can save, or the growth in value of property?” If you can save more than the rate property grows in value, great! If not, maybe it’s wise to get into the market sooner rather than later, and let the growth in property value be your wealth creation vehicle. 📲 If you could use some answers about buying property right now, drop us a message and let's talk. #HousingMarket #PropertyInvestment #RealEstateTrends #YourEmpire #MarketUpdate

🌟 Key Insights from CoreLogic's May Housing Chart Pack 📊 Here are the must-know stats, facts, and figures on Australia's residential property market: 🏡 Value Growth by Property Types: •House values surged nearly 40% since March 2020. •Unit values rose 17.9%, with demand shifting towards more affordable units, especially in capital cities. •Hobart saw stronger growth in house values (0.8%) compared to units (0.6%) over the last three months. 📈 Market Value and Trends: •Combined value of residential real estate rose to $10.6 trillion at the end of April. •National home values held steady with a 0.6% monthly change, making the three-month change 1.8%. •Lower quartile dwelling values rose 3.0%, more than double the pace of upper quartile values (1.1%). 🏠 Listings and Sales: •New listings saw a slight uptick, with a four-week count 18.3% above last year and 13.7% higher than the five-year average. •Total listing levels vary across capitals, from a 10.6% rise in Melbourne to a 24.9% drop in Perth. •An estimated 38,317 homes were sold in April, bringing the annual count to 505,153, up 7.3% from last year. 🔄 Market Dynamics: •Median time on market dropped slightly to 31 days nationally. •Vendor discounting rates compressed to -3.5%, the lowest since May 2022. •National rental values rose 8.5% over the year to April, with regional and house rents accelerating while unit and capital city rents eased. 💡 Expert Insight: CoreLogic Economist Kaytlin Ezzy notes a shift in buyer demand towards units due to affordability concerns and rising interest rates, particularly in capital cities. At DMC Property Advisory, we offer tailored advice to help you navigate these market trends and make informed property investment decisions. #HousingMarket #PropertyInvestment #RealEstateTrends #CoreLogic #DMCPropertyAdvisory #PropertyAdvice

CoreLogic’s latest Home Value Index is out and it’s good news for Perth homeowners as the city’s median dwelling value has continued to grow, this time surpassing Melbourne. In August, home values in Perth rose 24.4% year-on-year to a median value of $785,250. For the same period, Melbourne’s prices have declined 1.0% to a median value of $776,044. “This is the first time that Perth’s median dwelling value has been higher than Melbourne’s since February 2015, when the city was just coming off the highs of an iron-ore boom,” said CoreLogic Head of Research Eliza Owen. #perth #property #propertyinvestment

According to CoreLogic's latest report, national home values rose by 0.4% in September 2024, reflecting a slight increase in the housing market. However, growth momentum has slowed, with four capital cities experiencing a decline in dwelling values during the quarter, including Melbourne. Perth and Adelaide showed some of the most substantial gains. The seasonal rise in new listings has contributed to softer vendor conditions, with properties taking longer to sell and auction clearance rates dropping. For the full details, visit 👉 https://lnkd.in/gfN4miCU.

🏡 With interest rates remaining on hold, Tim Lawless from CoreLogic has suggested the market has "found a groove" in the latest Home Value Index report. 📈 This "groove" means a $1.5m 2 bedroom unit in a blue chip Sydney suburb was up another $7,500 last month alone based on these figures and a whopping $94,500 for the financial year. I'm not sure how quickly you can save, though if you're trying to "save" your way into the market, you're probably still going backwards. 🏡✨ Ouch! 😬 📲 If you could use some answers about buying property right now, drop us a message and let's talk.  #HousingMarket #PropertyInvestment #RealEstateTrends #YourEmpire #MarketUpdate

The recently reported modest decline in home prices in Washington, D.C., could represent an opportunity for those looking to enter the housing market. ⁠ ⁠ This slight adjustment in the market might be particularly attractive to prospective buyers who have been on the fence, waiting for the right moment to invest in a property. Washington, D.C., known for its historically robust and resilient real estate market, offers a stable investment backdrop. ⁠ ⁠ This market resilience, combined with the current dip in prices, provides a unique window for buyers to purchase property in a location where property values have traditionally remained strong. For those eyeing long-term investments and the allure of living in this vibrant city, this could be a smart time to make a move.⁠ ⁠ ⁠ #marketupdate #marketinfo #sothebysrealty #luxuryrealestate #dcrealestate

Your October wrap up for the Melbourne property market is here! Melbourne saw a slight -0.2% dip in home values this October, continuing the cooling trend seen in the broader property market. Here’s a quick breakdown according to the latest CoreLogic data: 🏡 National Home Value Index rose 0.3% in October, marking the 21st month of growth since Feb 2023. 🏡 Melbourne’s home values declined -0.2% last month, with annual growth easing to 6.0% (down from 9.7% in Feb). 🏡 Melbourne listings are up 13.0% compared to the 5-year average, giving buyers more choice and reducing market urgency. In comparison, sales activity across capital cities is down 7.5% from 3 months ago, reflecting weaker buyer demand. What does this mean for Melbourne investors? With more listings and slowing growth, the market is cooling, creating opportunities for buyers to negotiate. However, rising advertised stock and longer days on market could signal more room for price corrections in the coming months. Source: CoreLogic #ironfish #propertyinvestors #expertadvice #octobermarket

🏡 With interest rates remaining on hold, Tim Lawless from CoreLogic has suggested the market has "found a groove" in the latest Home Value Index report. 📈 This "groove" means a $1.5m 2 bedroom unit in a blue chip Sydney suburb was up another $7,500 last month alone based on these figures and a whopping $94,500 for the financial year. I'm not sure how quickly you can save, though if you're trying to "save" your way into the market, you're probably still going backwards. 🏡✨ Ouch! 😬 📲 If you could use some answers about buying property right now, drop us a message and let's talk.  #HousingMarket #PropertyInvestment #RealEstateTrends #YourEmpire #MarketUpdate

Sydney's property values increased 0.5% in February, according to CoreLogic's home value index, marking a return to positive growth after subtle declines in the previous two months. CoreLogic’s research director Tim Lawless said the uptick was possibly due to growing housing confidence, influenced by easing inflation and the anticipation of potential interest rate cuts later in the year. The increase in property values coincides with improved auction clearance rates, which averaged in the high 60% range during February. Additionally, there was a notable improvement in consumer sentiment, indicating a boost in confidence. “Auction results and sentiment have both shown a historically strong relationship with housing trends,” he said. “The rise in clearance rates from the mid 50% range late last year to the high 60% range in February points to a better fit between buyer and seller pricing expectations. A rise in sentiment suggests households will have a better ability to make decisions around large financial commitments, like a property purchase.” If you’re considering buying a home in Sydney, contact me on [email protected] or 0413 766 888. #homeloans #realestate #Sydney

📊 **Market Update: A Notable Shift in Median Home Prices!** 📈 According to CoreLogic’s Hedonic Home Value Index, Brisbane's median home price now stands at $827,822. This positions Brisbane below Sydney and Canberra but above Melbourne—a notable shift from historical trends where Melbourne's median price was higher. 🏡✨ #RealEstate #PropertyMarket #Brisbane #InvestmentOpportunities #MarketTrends #HirchPropertyGroup