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Australian Housing Market - Declining or Surging? Do you know that recent data has shown that almost 30% of Australian suburbs have experienced a decline in property values over the last quarter? This reveals a detectable shift in the housing market. According to Core Logic, some of the major cities in Australia, like Melbourne, Hobart, and Darwin, were among those that suffered the hardest blow, with Melbourne as the frontrunner (79.1%), followed by regional Victorian suburbs (73.8%), which comprise the majority of the downfall over the quarter. Market prices also decreased in more than half of the suburbs in Hobart (54.3%), Darwin (51.2%), and Canberra (51.6%).  These changes show that the fast increase in property value is now slowing down in these areas where affordability and limited borrowing capacity are a struggle. In the same period, however, cities like Perth, Adelaide, and Brisbane remain strong, with Perth experiencing a stirring 6.2% growth in home values over the last quarter. This contrast can be linked to the difference in housing supply. Areas like Melbourne and Hobart, where property values have declined, are reported to have higher levels of availability in terms of housing, while areas like Perth, which continue to grow, are facing supply shortages. One of the main factors of this shift is the effect of affordability pressures. Buyers, who are experiencing limited borrowing capacity, are progressively focusing on properties with lower value, driving faster growth at the cheapest end of the market. Overall, those cheaper house values increased by 3.3%, while the more expensive suburb values barely grew at all (0.8%). At the same time, it is observed that there is a decrease in the rental market, as apartment rental prices in Sydney and Brisbane have dropped for the first time since 2020. The yearly growth in apartment rents in Sydney has significantly slowed from 17.9% to 6.6%. However, the inequality between housing demand and supply is expected to maintain home prices, particularly in major markets with limited supply. How could this knowledge impact your property purchase? This significant variation emphasises how important it is to know where to buy.  If you are looking to buy your first property, and getting it wrong could set you back for years, buying in a location that will grow in value is critical to ensure you can sleep well and be confident that you are making a wise investment in the short and long term. #propertyinvestment #homebuyers #buyersagent #propertyaustralia #realestate #mortgagebroker #melbourneproperty #corelogic #propertydata #propertyvalue #firsttimepropertyinvestor #interestrates

UK rental demand will only increase as population rises, says expert... A leading industry body has outlined three top priorities for the housing market, emphasizing the importance of the UK rental market. Millions rely on the private rented sector for both short-term and long-term living, especially as rising mortgage rates delay first-time home purchases. Property investors and buy-to-let landlords report increased demand across most regions, with tenants staying longer, adding stability to the sector. NRLA's Three Key Asks: 1. UK Rental Reform:    - The Renters Reform Bill aims to remove Section 21 eviction rules, a change supported by both major political parties. The NRLA insists on workable possession grounds and a clear implementation timeframe, along with consistent housing standards across England and Wales. 2. Housing Strategy:    - The NRLA calls for a "10-year housing strategy" to support home creation across all tenures and address increasing demand. This strategy should include robust enforcement by local authorities and a well-funded court service to support landlords and tenants. 3. Provision of Homes:    - With the UK population projected to grow by 9.9% by 2036, the NRLA highlights the need for adequate housing. Rental homes are vital for labour mobility, especially as companies expand outside London. The NRLA urges the government to remove stamp duty on additional homes and reintroduce mortgage interest relief to stimulate growth. Workable Solutions for the Rental Market: Chris Norris, NRLA Policy Director, emphasizes the need for considered, workable solutions to give landlords confidence to stay in the sector and continue investing. With an ongoing supply and demand crisis, future-proofing the private rented sector is essential to provide tenants with safe, warm, and secure homes in desirable locations. If you're a property investor looking to capitalize on the UK's strong rental market, contact We-Real Estate Investment via WhatsApp at +44 7859898098 to learn about current and upcoming opportunities.

Property prices in Australia have hit another all-time high, with unexpected cities like Perth joining the ranks of the pricier markets. According to the latest PropTrack Home Price Index, national property prices soared to new heights in February, although the gains were not evenly distributed across all capital cities. Perth, Adelaide, and Brisbane have emerged as the standout markets over the past year, with impressive price increases of 16.32%, 12.76%, and 12.16% respectively. Factors such as the relative affordability of homes, population growth, and tight rental markets have bolstered property values in these cities, while low housing stock levels have intensified competition among buyers. Of particular note is Brisbane's remarkable growth, which has propelled its median value to match that of Melbourne for the first time in 14 years, both sitting at $797,000. With Brisbane's home price growth outpacing Melbourne's by more than three times this year, it's possible that Brisbane could soon overtake Melbourne in terms of property values. Brisbane's surge in property prices can be attributed to several factors, including an influx of people moving interstate during the pandemic. Since March 2020, Brisbane has experienced a staggering 60.7% increase in property prices, a performance matched only by Adelaide and certain regional areas. Despite Melbourne historically holding a premium over Brisbane since 2010, Brisbane's recent growth has narrowed the affordability gap between the two cities. Moreover, Brisbane has continued to attract net inflows from other capital cities and regions, further driving its strong market performance. Limited housing supply relative to demand has been a common theme in Brisbane, Adelaide, and Perth, with the total number of properties listed for sale down by more than 40% compared to the prior decade average. This scarcity of housing options has contributed to the upward pressure on property values in these cities. In contrast, Melbourne has seen weaker growth in property prices, attributed in part to significant population losses to other states and regional areas during the pandemic. Despite still holding a slight edge in median dwelling values over Brisbane, the composition of housing stock suggests that Brisbane may soon surpass Melbourne if its growth trajectory continues. Overall, the property market in Australia is experiencing a period of significant growth, with cities like Brisbane, Perth, and Adelaide leading the charge and challenging the dominance of traditional real estate powerhouses like Melbourne.

Suburbs in Victoria Show Mixed Trends in Housing Prices In the last quarter, housing prices in Victoria showed minor changes, but some suburbs stood out for their growth. The western areas of Melbourne, as well as Greater Geelong and Greater Bendigo, led the way in growth while offering more affordable options for buyers. According to the Real Estate Institute of Victoria, in the quarter ending June 30, 2024, metropolitan house prices in Victoria fell by 1.5%, while units barely decreased by 0.1%. In contrast, regional house prices increased by 0.2%, although regional units fell by 1.4%. In Geelong, three suburbs showed notable price growth. Little River increased by 20.4% to $1,505,000, Indented Head rose by 10.3% to $955,000, and South Geelong grew by 10.1% to $906,250. Other suburbs like Drysdale and Bell Post Hill also saw increases of 5.9% and 2.7%, respectively. Greater Bendigo also showed strong growth with Elmore rising by 23.9% to $472,000 and Long Gully by 12.7% to $445,000. Golden Square and White Hills both rose by 4.0% to $520,000, and Lockwood South by 2.1% to $970,000. In western Melbourne, the municipalities of Melton and Brimbank performed well. Suburbs such as Rockbank, Hillside, Melton West, and Melton South were among the top twenty in quarterly growth. Melton stood out as the most affordable suburb with a price of $474,500. In Brimbank, Keilor East, Taylors Lakes, and St Albans were also among the top suburbs in terms of price growth. During the fiscal year 2024, housing prices in Melbourne's mid-zone increased significantly. Eltham rose by 9.4% to $1,300,000 and Glen Waverley by 8.5% to $1,770,500. In the unit market, Sandringham and Blackburn stood out with increases of 25.9% and 15.8%, respectively. Overall, there were more transactions and auctions this year. There were 39,110 auctions, a 25.5% increase from the previous year, and 156,550 properties were sold, a 10.8% increase. Jacob Caine, president of REIV, commented that the market is well balanced for both buyers and sellers. #RealEstate #HousingMarket #VictoriaRealEstate #MelbourneHousing #GeelongProperty #BendigoRealEstate #PropertyGrowth #AffordableHousing #SuburbTrends #MarketUpdate #PropertyPrices #HomeBuying #InvestmentProperty #RealEstateTrends #HousingPrices #MarketReport

****Adelaide, Brisbane & Perth are the top Real Estate markets in August**** (CoreLogic) With the property market constantly changing, we thought you would find these updates interesting: ️ Highlights: 1. National home values increased by 0.5% in August, marking the 19th consecutive month of growth, although the pace of growth is slowing. 2. Quarterly national home values increased by 1.3%, which is less than half of the growth rate seen in the same period in 2023. 3. Supply and demand for housing are becoming more balanced, with varying supply levels across different regions. Melbourne has a higher supply compared to the five-year average, while Perth and Adelaide have lower supply levels. 4. Monthly home value gains were led by Perth with a 2.0% increase, followed by Adelaide with a 1.4% increase and Brisbane with a 1.1% increase. Sydney saw a mild growth of 0.3%. 5. Quarterly growth rates in most capital cities have eased, with Brisbane experiencing a more significant slowdown in growth between May and August, indicating a potential easing in demand in the market.  Eliza Owen | Full article below

This is a great tool from PropTrack.

Perth's Housing Crisis: A Growing Concern and What It Means for Investors Perth's housing market is facing an unprecedented crisis, with demand continuing to exceed supply. This imbalance is not just a minor fluctuation; it signals deeper issues that could have long-term implications for investors and residents alike. The Numbers Tell a Stark Story A year ago, Perth was already grappling with a housing crisis, with over 2,300 houses, 1,503 units, and 1,403 vacant lots for sale—totaling 5,257 properties. Fast forward to this week, and those numbers have plummeted to 3,285, comprising 1,939 houses, 905 units, and 441 vacant lots. The Workforce Challenge According to the latest HIA trades report, the number of apprentices entering the trade has dropped by a worrying 17% compared to the same period last year. Supply vs. Demand In the past 12 months, Perth saw the completion of 15,500 new homes. However, with a population increase of 94,000 people, the city faced a severe supply shortage. To put it into perspective, every new home needs six new people to address the shortfall, translating to nearly 20,000 homes needed over the past year alone. ABS reported that the number of new home completions in the March quarter was just over 4,200, lower than the previous two quarters. To keep up with WA's projected 1.4% annual population growth, 5,750 new homes need to be completed each quarter. REIWA President Joe White highlights that while the number of listed properties seems insufficient, transaction volumes tell a different story. "Transaction volumes for 2023-24 are already 2% higher than 2022-23, and with more properties yet to be transacted, this number will increase." Properties are entering the market in large numbers but are being snapped up rapidly, as indicated by the low days on the market. The Dilemma for Sellers While selling a house in under a week sounds appealing, it presents a new challenge for sellers: finding a place to live. The number of active listings remains historically low, making it difficult for sellers to find new homes, whether to buy or rent. The Silver Lining Interestingly, the most popular suburbs are those with lower price points, such as Baldivis, Armadale, Scarborough, Gosnells, and Canning Vale, where the median house price is $677,500. This trend indicates potential opportunities for investors looking to capitalize on the growing demand in these areas. For investors, staying informed and adaptable will be crucial in navigating this evolving landscape.

CoreLogic Australia Hedonic Home Value Index has been released and their Head of Research, Eliza Owen, is reporting notable shifts in the market. Keep reading to see our key take outs and download the full report: + Melbourne's Market Dynamics: For the first time, Melbourne's median dwelling value has been overtaken by both Adelaide and Perth, highlighting a significant shift in Australia's property landscape. This change, coupled with increased tax burdens on Victorian investment properties, is influencing investor behavior. + Premium Rent Yields: Brisbane and Melbourne now share a rent yield of 3.7%, reflecting changing dynamics in high-growth cities. These shifts may temper immediate returns but underscore the importance of long-term capital appreciation, particularly in prime locations. + Construction and Supply Constraints: Ongoing supply challenges in the residential construction sector are expected to support modest value increases through the end of 2024. These constraints, especially in multi-unit developments, present opportunities for discerning investors who can capitalize on market tightness. + Rent Growth Moderation: Sydney's rental market is seeing a rare halt in growth, with national trends showing the slowest annual increase since May 2021. This moderation could signal a stabilizing market, presenting unique entry points for strategic acquisitions. Stay ahead of the curve and navigate these market shifts with confidence - book an appointment with our team to learn how we can help on your next investment. Download the full report here: https://lnkd.in/g7pxkT9E

August 2024 Property Market Snapshot! According to Core Logic, national home values saw a 0.5% rise in August! Check out the performance across major cities: Sydney: +0.3% Melbourne: -0.2% Brisbane: +1.1% Adelaide: +1.4% Perth:+2.0% Hobart: -0.1% Darwin: -0.2% Canberra: -0.4% Curious about how these trends might impact you? Dive into the full report here: https://lnkd.in/g7pxkT9E #RealEstate #PropertyMarket #HomeValues #PropertyMarket #HomeValues #August2024

🔥 East Bay HOUSING: Demand Outstrips Supply 🔥 ProTip: Now is the time to sell.. Read full bog: https://lnkd.in/gNx5Ytz9 I want to share a closer look at the dynamic real estate market of California's East Bay. As someone deeply interested in the intertwining of economic forces and real estate dynamics, I find the current market trends in this area both fascinating and vital for anyone looking to buy or invest here. So, let's break down the complexities of housing supply and demand in the East Bay, and explore what it means for buyers and sellers alike. Buyer Demand in the East Bay The East Bay has always been attractive due to its proximity to major economic hubs like San Francisco and Silicon Valley. This region draws a continual influx of professionals looking for more affordable living options while still staying connected to the bustling job markets of nearby tech giants. The high demand in real estate here is not just about location; it's also about the quality of life and the relative affordability compared to its neighboring regions. Challenges with Housing Supply Despite this robust demand, the East Bay faces significant challenges in housing supply. New housing developments are often slowed by stringent zoning laws and limited space for expansion, leading to a shortage of available homes. This scarcity is a critical factor driving up the prices in the area, making the market highly competitive. For instance, it's not uncommon to see bidding wars and homes selling well above their listed prices. The Price Scenario: With demand consistently outstripping supply, home prices in the East Bay have been on a steady climb. This trend is symptomatic of a broader state-wide issue in California, where housing shortages keep pushing prices up, making it challenging for first-time buyers and even for investors looking to expand their portfolios. Economic and Demographic Influences The East Bay's real estate market is also influenced by broader economic conditions such as interest rates, employment rates, and the overall economic health of the tech industry. Additionally, demographic trends, including migration from more expensive areas and the influx of younger professionals, further complicate the market dynamics. Pointers Whether you are a buyer or seller, we are consistently seeing an increase in home value over time so if you are buying, the sooner the better Sellers will be able to be able to negotiate competitively because of the shortage in housing Limit space / big population -- there are more people than housing available too, like even if the new build was 100% on track and fast, it still wouldn't necessarily fix the housing shortage since it is a huge percentage Conclusion: --Real Blog for full story