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House prices are rising at a record rate in Perth's property market. This analysis reveals the reasons for this growth, revealing a market that outperforms its peers and provides opportunities for investors and consumers. 1) Dwelling values: The property market in Perth has grown significantly; in the three months leading up to February, dwelling values increased by 1.8%, and in the last year, they rose by a massive 18.3%. Due to this expansion, Perth's home values have surged to all-time highs, demonstrating the city's robust real estate industry. 2) Market performance: Perth outperformed other major cities like Sydney, Melbourne, Brisbane, Adelaide, Hobart, Darwin, and Canberra during the same period, showing a positive trend in quarterly changes in home values with a rise of 1.8%. This expansion demonstrates the strength of Perth's housing market. 3) Housing cycles: The property values in Perth have increased by 1.8% during the last quarter and by a significant 18.3% over the last year, indicating a strong market. In summary, stable vendor discounting rates, favourable market performance in comparison to other major cities, and notable growth in dwelling values are the hallmarks of Perth's housing market. Considering investing in Perth real estate? Get in touch with Success Avenue Property Consulting to discuss your choices in this dynamic market. Follow us for more #propertyupdates, #investmenttips, #market data, and more! Contact us @ 02-81230180, [email protected] | www.successavenue.com.au #SuccessAvenue #housingmarket #perth #market #property #HousingSupply

Sydney and Melbourne lead Australia in monthly price growth: Price growth in Australia's real estate market has continued through February, with notable performance in cities... https://bit.ly/49IlTLK

South Australian metro market update - Real Estate Institute of South Australia (REISA) The South Australian property market continues to show unprecedented strength as it once again posts record median prices of $708,250 and $785,000 across South Australia and metropolitan Adelaide respectively, says REISA CEO, Andrea Heading. “REISA is pleased that the new record median price and increase in the volume of sales underscores the strength and resilience of the South Australian real estate market. However, it is also keenly aware that the issues of supply, inflation, high interest rates and punitive state land taxes will always have a deleterious effect on the real estate cycle. Once these factors are brought under control, an upward trajectory will seem more consistent and sustained” “Suburbs which continue to demonstrate strong sales really highlight the key drivers of our real estate market which are location, affordability and potential. Those suburbs which provide attractive investments in infrastructure, development potential and amenities will always perform strongly for first home buyers and investors” Read more on The Real Estate Conversation linked here - https://lnkd.in/gdAPMUnh Real Estate Institute of South Australia (REISA) Andrea Heading Paul Edwards Cain Cooke Wendy Granozio Cameron McBryde Fairlie Delbridge Emma Slape Matthew Woodrow Adam Blight #reisa #marketupdate #southaustraliamarket #realestate #adelaiderealestate #propertymarketaustralia #realestateaustralia #southaustralia #realestateagent #realestateagency

Property prices surge over the long-term Which capital city has experienced the most house price growth over the past 20 years? The answer is ... ... Hobart. Over the two decades to March, Hobart's median house price jumped 246%, according to the latest data from the Australian Bureau of Statistics. Adelaide's median house price rose 206% over the same period. Then came five cities with similar growth figures – Brisbane (178%), Perth (175%), Melbourne (166%), Sydney (158%) and Canberra (154%). Darwin rounded out the field, with 130% house price growth. History suggests that if you buy a property and hold it for the long-term, you’ll enjoy significant price growth, despite the periodic downturns that happen from time to time. #property #realestate #homeloans  Property prices surge over the long-term Which capital city has experienced the most house price growth over the past 20 years? The answer is ... ... Hobart. Over the two decades to March, Hobart's median house price jumped 246%, according to the latest data from the Australian Bureau of Statistics. Adelaide's median house price rose 206% over the same period. Then came five cities with similar growth figures – Brisbane (178%), Perth (175%), Melbourne (166%), Sydney (158%) and Canberra (154%). Darwin rounded out the field, with 130% house price growth. History suggests that if you buy a property and hold it for the long-term, you’ll enjoy significant price growth, despite the periodic downturns that happen from time to time. #property #realestate #homeloans 

Australia’s Real Estate Value Surpasses $11 Trillion Despite Cooling Growth ✅Australia's residential real estate market has reached a new milestone, with the total value of properties climbing to $11 trillion for the first time 🏡, increasing by $900 billion in the past year 📈. ✅Despite the overall growth, national home values rose by just 1.0% in the September quarter 🗓️, the slowest quarterly rise since March 2023 ⏳, indicating a cooling market 🧊. ✅Perth values reached a new record high with the highest annual growth of 24.1% 🚀, driven by sustained demand and limited supply 🏘️📉. Sydney, Brisbane, and Adelaide also saw record high dwelling values 🏠. ✅Melbourne and Hobart experienced quarterly and annual declines in dwelling values, with values being -5.1% and -12.5% 📉 below their record highs recorded in March 2022. ✅Investors represent a significant proportion of buyer demand, making up 38.6% of new loan commitments 🏦, with high investor activity likely due to perceived opportunities for capital gains 📊 and tighter rental market conditions driving potential yield growth 📈. #australiarealestate #propertymarket #investingInproperty #perthproperty #sydneyhousing #brisbanegrowth #adelaiderealestate #melbournemarket #rentalyields

Australia's property market is showing no signs of slowing down, with data from CoreLogic showing property prices increased by 0.6 per cent in April. It's the 15th month in a row that Australia's property prices have increased, with the national median dwelling value now $779,819. CoreLogic's head of research Tim Lawless said higher interest rates, worsening housing affordability and cost of living pressures are keeping property prices higher. Coupled with a "mismatch" of demand for housing and limited supply, Mr Lawless warned that higher property prices are unlikely to ease in the "near future". The Gold Coast property market remains resilient with the star performer in the last 6 months being beachside units: The sun is shining on Gold Coast apartments, with the median apartment price along the southern Queensland coastline reaching $767,000 in the first quarter of this year, marking a staggering 15% increase from the previous year, according to Domain. This cements the Gold Coast as one of the most expensive apartment markets in Australia, trailing only Sydney ($806,137) and well ahead of other capitals. The rise in apartment living in Australia is being driven by a raft of factors, with the desire for a “lock-and-leave” lifestyle becoming an increasingly popular reason to choose an apartment over a house. In addition to low-maintenance gardens, apartments described as “lock and leave” typically boast extra security features that give residents peace of mind when they travel. The latest March quarter figures from Urbis show interstate investors have become the biggest driver of new apartment sales on the Gold Coast, with a 38 per cent share of the market. Owner-occupiers accounted for 29 per cent of sales, followed by local investors (20 per cent) and offshore buyers (13 per cent). “This is a significant shift from the trend of recent years when we saw an all-time high of 65 per cent owner-occupier sales in 2020 during the peak of the pandemic,” said Urbis director Paul Riga. #investmentproperty #australia #australiaproperty #PropertyAustralia #goldcoast #goldcoastrealestate #GoldCoastPropertyInvestment #propertymarket

Residential property listings remained relatively stable in July. According to SQM Research, the national total dipped slightly by 0.2% to 231,336 properties, compared to June's 231,799. While the overall picture was one of steadiness, city-level trends varied. Perth experienced the most significant monthly decline, shedding 4.3% of its listings. Canberra and Hobart followed with decreases of 1.1% and 0.9%, respectively. Sydney saw a marginal drop of 0.1%. In contrast, Brisbane led the growth with a 3.0% increase, followed by Adelaide and Darwin at 1.4% and 0.7%, respectively. Melbourne maintained its position as the city with the highest number of listings, totaling 37,188. Over the past year, the national listing count has risen by 5.1%. Sydney and Melbourne have seen substantial growth of 11.2% and 15.9%, respectively. However, Perth and Adelaide experienced significant declines of 29.4% and 16.7%. Brisbane and Darwin also recorded decreases of 4.0% and 4.7%, respectively. In contrast, Canberra and Hobart showcased significant growth, with increases of 31.7% and 14.7% year-on-year. #propertyinvesting #realestate #investmentproperty #property #australia #propertymarket #housingmarket #propertytrends #australianpropertymarket #propertystats #australianproperty #propertyresearch #buyersagent #buyersadvocate #australianrealestate #investment

South Australian market update 2024 September Quarter - Real Estate Institute of South Australia (REISA) Real Estate Institute of South Australia (REISA) CEO, Andrea Heading said that while the high interest rates and the traditionally slower third quarter had impacted upon the volume of sales, optimism and consumer confidence in the real estate market remained robust. The South Australian property market continues to demonstrate its strength and resilience by once again posting record median prices of $723,000 and $800,000 across South Australia and metropolitan Adelaide respectively. “Once again, we have smashed the record median price across South Australia. This clearly shows that purchasers are willing to enter the real estate market and purchase premium properties that are realistically and transparently priced. While there was an expected drop in the volume of sales from the previous quarter, they remained well above those recorded for the same period last year," Andrea Heading added Read more on The Real Estate Conversation - https://lnkd.in/gDexirRM Wendy Granozio Emma Slape Margaret Nobes John Warnock Laura Curtis Peter Thompson Cain Cooke Suzannah Toop Cathie Brown James Black David Colovic Marc Taintey #REISA #realestate #realestatenews #realestateinstitute #realestateagent #realestateaustralia #realestateagency #realestatebusiness

The rental market has shown some signs of slowing down, according to Domain’s June rental report. In the combined capitals, house rental rates rose over the June 2024 quarter, but at a rate 1.5 times slower than the previous quarter. For units, the pattern was similar with rental rates increasing at half the speed of the previous quarter. “Many cities are seeing the weakest outcome for a June quarter in a number of years. It shows that strong rates of rental growth are likely to be behind us,” said Domain chief of research and economics Dr Nicola Powell. While a slowdown over winter is expected, this decline appeared more pronounced, suggesting other factors were at play. But, even if rental rates have slowed down, they are still increasing. “It means that the affordability ceiling is being reached … budgets have been stretched to their max,” said Dr Powell. Book a call with us to discuss how we can help you achieve your property investment goals. https://lnkd.in/g4Q8BJeu #realestate #investing #investorsdream #australia #property #financialfreedom #capitalgrowth #income #positivecashflow #sanjeevsah

Properties listed for sale across Australia during the July quarter took a median of 33 days to sell, according to CoreLogic. That included 44 days in the combined regions and 28 days in the combined capitals. Days on market is a good indicator of a market's strength: the lower the number, the more buyer competition there's likely to be and the faster prices are likely to be growing. The Perth property market is booming right now, which is why properties are selling astonishingly quickly – a median of just 10 days. Brisbane (20 days) and Adelaide (28 days), which are also experiencing strong price growth, also have low days on market. By contrast, the market is cooler in Sydney (34 days), Melbourne (39) and Canberra (49 days), which is why properties are taking longer to sell in those cities. Days on market are greatest in Darwin (50.5 days) and Hobart (54.5 days), where prices are currently going backwards. 𝐁𝐨𝐨𝐤 𝐚 𝐌𝐞𝐞𝐭𝐢𝐧𝐠: https://lnkd.in/gPBsPUpr Visit lydian.com.au to learn more about our financial services. #property #realestate #homeloans