Rish Raj’s Post

🏠 Australian Housing Market Update 🏠 Through winter, housing value growth has cooled, with Melbourne seeing a big shift. For the first time, Melbourne’s median home price has fallen below Perth and Adelaide! 📉 While the market is slowing, there are still opportunities for buyers and investors to explore. Keep an eye on the trends and stay informed about what this means for you! 🧐 #HousingMarket #PropertyInvestment #RealEstateNews #AustraliaProperty #MarketTrends #CleverFinanceSolutions

National home values rose 0.5% in July, the 18th consecutive monthly increase in home values nationally – a figure on par with the 0.5% increase recorded in June. Following a -7.5% decline recorded between May ‘22 and Jan ‘23, the national HVI has gained 13.5% and values have consistently pushed to new record highs since November last year. Three capitals recorded a decline in values over the past three months. Melbourne led the decline with a -0.9% fall, alongside a -0.8% and -0.3% reduction in Hobart and Darwin values respectively. The rolling quarterly pace of growth has slowed markedly in Sydney to 1.1%, a fraction of the 5.0% quarterly gain recorded at the same time last year. The mid-sized capitals are continuing to buck the slowing trend, with the quarterly pace of growth in Perth tracking at 6.2%, while growth in Adelaide accelerated to 5.0%, the fastest rolling quarterly pace of growth since May 2022. Brisbane values rose at a quarterly pace of 3.8%, though this is down from a 4.7% increase seen this time last year. CoreLogic’s research director, Tim Lawless, said available supply is a key factor explaining the diverse outcomes in housing growth trends. “The number of homes for sale in Brisbane, Adelaide and Perth is more than 30% below average for this time of the year, while weaker markets like Melbourne and Hobart are recording advertised supply well above average levels,” Mr Lawless noted. The underlying mismatch between housing supply and demand looks set to support housing prices through the second half of the year, however there does seem to be some rebalancing underway. Source: CoreLogic . . . #property #economic #data #housing #market #performance #outlook #growth #momentum #interest #rates #australia 🇦🇺 #2024

Housing Market Update: National Home Values Edge Up as Growth Slows In September, home prices increased slightly by 0.4%, similar to the previous two months, as the market slows down. Overall, housing prices went up by 1.0% in the last three months, the smallest rise since early 2023. Not all cities saw growth—Melbourne's prices dropped by 1.1%, and Canberra, Hobart, and Darwin also saw declines. Sydney prices rose only 0.5%, the slowest increase in over a year. Perth had the strongest growth, with prices up 4.7%, followed by Adelaide (+4.0%) and Brisbane (+2.7%). More homeowners are putting their homes up for sale, with new listings 3.2% higher than last year. Homes are also taking longer to sell, averaging 32 days compared to 29 days last quarter. Lower-priced homes are seeing stronger growth, up 12.4% over the past year, while higher-priced homes grew just 3.8%. This pattern is happening in most cities. In regional areas, price growth is slowing too, but places like WA, SA, and QLD are still leading the way. It is important to recogisne which areas are slowing down in momentum, as ecnomic drivers may not be as influential in a changong market. Learn more about property investing here with Bluechip Property. #HousingUpdate #RealEstate #PropertyMarket

According to the latest CoreLogic report, national home values in Australia rose by 0.5% in July, but Melbourne, Hobart, and Darwin saw declines. Overall growth is slowing, yet cities like Perth and Adelaide show strong increases, with supply constraints and affordability issues driving demand towards lower-priced properties. Interestingly, market dynamics are shifting, highlighting regional variations that will undoubtedly continue to shape where people choose to buy. This evolving landscape reflects the complexity and resilience of Australia’s housing market in 2024. What is unclear - and what we will be keeping an eye on - is the extent to which the repricing of risk in other financial markets (like global equity markets recently) translates into Australian property market dynamics. #HousingMarket #RealEstate #CoreLogic #PropertyInvestment #MarketTrends #AustraliaHousing #GlobalEconomy #InvestorInsights #Affordability #RealEstateInvesting #EconomicOutlook #PropertyDevelopment #MarketAnalysis #FinancialMarkets #PropertyTrends #AustralianProperty

Brisbane's continual capital growth is cemented, as it takes 2nd spot for most expensive capital city. CoreLogic's latest Home Value Index indicates a recovery in Sydney's housing market, while Brisbane has surpassed Canberra to become the second-most expensive capital city in Australia. In May, Brisbane achieved a significant milestone by overtaking Canberra in median dwelling values, a position it hasn't held since 1997. While Brisbane's housing market continues to post solid gains, Canberra's values have remained relatively stable. This shift marks a notable change in the rankings of Australia's capital cities. The property market is constantly changing around us and so are the best places to invest and take advantage of. Let's see how this plays out given the governments efforts to help ease the housing crises in Australia. #Property #PropertyInvest #ResidentialProperty

🏡 Australia’s Housing Market Update - May 2024 Australia’s home prices climbed further in May, with Sydney, Brisbane, Adelaide, and Perth reaching new record highs despite higher borrowing costs and stretched affordability. 📈 Highlights: Perth led with nearly 1% growth, 21% above May 2023 levels. Brisbane (+0.67%) and Adelaide (+0.53%) also showed strong monthly growth. Brisbane is now the second-most expensive capital, on par with Canberra and ahead of Melbourne. 🏠 Market Trends: Increased listings in Sydney, Melbourne, Brisbane, Adelaide, and Perth are being quickly absorbed due to strong demand. Strong population growth, tight rental markets, and low building activity are driving demand. 📉 Interest Rates & Inflation: Higher-than-expected inflation delays RBA rate cuts until 2025. Slowing job market indicates cooling conditions. 💼 Buyer & Seller Confidence: Confidence remains high with auction volumes and clearance rates up from last year. Seller sentiment is boosting market listings. Despite a slowdown, smaller capitals like Perth, Adelaide, and Brisbane continue to outperform with strong buyer competition. Expect price growth to persist, albeit at a slower pace, especially through the winter period.   Contact us for more information about property investment on: 📞: 0428 267 418 ✉: [email protected] 🌐: https://lnkd.in/gkNqHaVV #propertywiseadvisers#buyersagent#realestate#dreamhome#relocating#househunting#goldcoast#interestrates#propertyvalues#lovewhereyoulive#firsthomebuyer#openhomes#offmarket#lifestyle#beachlife#boom#pricegrowth#immigration#offtheplan#unitprices#offtheplan#retirement#babyboomers#investinginproperty#longtermthinking#Queenslandrealestate

🏡📈 The Australian housing market continues its upward trajectory! 📈🏡 📈 Despite a varied landscape across Australia's housing market, the upswing continues with property values rising by 0.4% in January. While this marks the 12th consecutive month of value rises, renters are feeling the pinch with rents up by 0.8%, the largest monthly increase since April. 🌆 Capital city performances differ, with some experiencing subtle declines while others continue to soar. Notably, Perth leads the charge with a 1.6% rise in January alone, showcasing strong demand versus supply dynamics. 📊 Detached housing values outpaced units, with the median capital city house value now 45.2% higher than units, a record gap. Additionally, regional markets are showing robust growth, outstripping capital cities in value appreciation. 📈 Despite these trends, housing affordability concerns persist. However, the volume of home sales remains slightly above average, presenting opportunities for both buyers and sellers. Looking to navigate this dynamic market? Contact us today for expert advice and assistance. Let's find your dream home together! 📲 #realestateinvestor #realestateupdate #propertymarket #expertadvice #BrayePropertyBuyersAgency

🏡📈 The Australian housing market continues its upward trajectory! 📈🏡 📈 Despite a varied landscape across Australia's housing market, the upswing continues with property values rising by 0.4% in January. While this marks the 12th consecutive month of value rises, renters are feeling the pinch with rents up by 0.8%, the largest monthly increase since April. 🌆 Capital city performances differ, with some experiencing subtle declines while others continue to soar. Notably, Perth leads the charge with a 1.6% rise in January alone, showcasing strong demand versus supply dynamics. 📊 Detached housing values outpaced units, with the median capital city house value now 45.2% higher than units, a record gap. Additionally, regional markets are showing robust growth, outstripping capital cities in value appreciation. 📈 Despite these trends, housing affordability concerns persist. However, the volume of home sales remains slightly above average, presenting opportunities for both buyers and sellers. Looking to navigate this dynamic market? Contact us today for expert advice and assistance. Let's find your dream home together! 📲 #realestateinvestor #realestateupdate #propertymarket #expertadvice #BrayePropertyBuyersAgency

🏡✨ Exciting News for Brisbane and Southeast Queensland Real Estate! ✨🏡 Despite fluctuations in some markets, Brisbane and Southeast Queensland continue to shine as top spots for home buyers and investors! 🌟 📈 Positive Growth: Brisbane's median house price rose by 1.1% last month, now valued at $873,987. This demonstrates the region's strong market performance and growing appeal. 💰 Investment Opportunities: With competitive prices and a robust market, Southeast Queensland offers fantastic opportunities for real estate investments. 🔍 Stable Market: Economists predict stability with no immediate interest rate hikes, making now an ideal time to buy or invest. Brisbane and Southeast Queensland remain exceptional choices for real estate, promising great returns, and a thriving community. Don't miss out on these fantastic opportunities! 🌞🏠 #worthpropertyinvesting #propertyinvesting #buyersagent #realestate #realestateagent #sunshinecoastproperty #sunshinecoastbuyersagent #brisbanebuyersagent #propertymarket #RBAInterestRate #RealEstateMarketUpdate #PropertyConfidence #RealEstateInvestment #InterestRates #RealEstateInsights #HomeBuyingConfidence #RealEstateNews #QueenslandProperty #RealEstateGroup https://lnkd.in/gvG74yec

Regional Australian home values and rents have surged in the last 3 months, reaching new record highs. According to CoreLogic, Western Australia and Queensland experienced the strongest growth, while Victoria and New South Wales were the weakest markets. Read more: https://elite.ag/iyz4om #realestate #eliteagent #eliteagentmag #realestateagent