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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

Recent data on Australian real estate reveals an interesting trend: Lower-priced homes are showing stronger growth in many capital cities compared to higher-end properties. According to CoreLogic, in Sydney, both lower-priced and middle-range homes have experienced a 1.7% increase in value recently, whereas higher-end properties saw a smaller rise of 0.5%. Additionally, unit values have outpaced house values in growth over the past few months. Hobart is the only exception, where houses have seen a larger gain in value compared to units. What do you think the future holds for real estate? Do you believe this trend of stronger growth in lower-priced homes will continue?

Breaking New Grounds in 2024! 🚀 Australia's real estate is on a record-smashing spree, with home prices hitting all-time highs in February! From Brisbane to Perth, demand is skyrocketing amidst a supply crunch. Sydney and Melbourne are bustling with listings, yet the market thirst remains unquenched, hinting at a hopeful horizon with expected interest rate cuts. 🏦💸 And guess what? Brisbane is now toe-to-toe with Melbourne, marking a historic shift after 14 years! 🌟 Is this the dawn of a new real estate era? Looking to navigate the booming Australian real estate market? DM us or contact us at 1300 510 591 now! #blueprintfinancialservices #financialservices #finance #financegoals #marketupdate #recentupdate #yourdreamsourmission #tailoredfinancesolutions

Property experienced a very positive year on year change to the end of financial year. Overall, the home value index increased 8.5% across the five Australian Capital cities. Perth had the most significant price rise of 23.7%, followed closely behind was Adelaide with a rise of 15.5%, Brisbane with 15.3%, Sydney with 6.3%, and Melbourne, although at the lowest end, still managed a modest increase of 1.2% (Corelogic Indices). The magnitude of the Sydney and Melbourne property markets severely pulled down the overall average. #property #personalwealth #success

MARKET UPDATE Rents have increased in most capital cities over the past year and are likely to continue rising throughout 2024, according to a leading property data expert. Between the December quarters of 2022 and 2023, the median rent on realestate.com.au rose 11.5%. That included double-digit gains in Perth (20.0%), Melbourne (18.3%), Sydney (16.7%) and Adelaide (12.5%), as well as increases in Brisbane (9.1%) and Darwin (1.7%). By contrast, rents stagnated in Canberra (0.0%) and declined in Hobart (-4.8%). During the same period, the vacancy rate fell from 1.3% to just 1.1%. With rents growing and vacancies falling, this is potentially a good time to be a property investor. Ready to make your property aspirations a reality? Reach out today and discover the advantage of having a buyer's agent in your corner. #offmarket #realestate #buy #home #house #melbourneproperty #beckettproperty #propertymarket #beckett #buyersadvocate #buyersadvocatemelbourne #buyersagent #buyersagentmelbourne #melbourne #property #melbournerealestate #propertyinvestment #investinyourfuture #lifestyle #firsthomebuyer #investor #corinneturley

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

Property market has hit a new high, with the total value of residential real estate reaching $11 trillion for the first time! This marks an increase of $900 billion over the past year, according to CoreLogic. Perth stood out with values increasing by 24.1% over the past year, setting new record highs. Sydney, Brisbane, and Adelaide also reached record-high dwelling values, with annual increases of 4.5%, 14.5%, and 14.8%, respectively. Meanwhile, Melbourne and Hobart saw declines in both quarterly and annual dwelling values, falling by 5.1% and 12.5% below their March 2022 peaks.

Great Facts by Real Estate Institute of Australia President Leanne Pilkington: Top 5: REIA Real Estate Facts Released today, REIA’s Real Estate Market Facts (REMF) for March 2024 quarter shows that: Fact 1: The national median price for houses increased to $1,049,136, an increase of 1.5% over the quarter, and 7.0% over the year in capital cities. Fact 2: Rents for 3-bedroom dwellings recorded a quarterly increase of 1.5% and an increase of 10.5% in the past year. Fact 3: Rents for 2-bedroom other dwellings decreased over the quarter by 0.5% and annually by 10.2%. Fact 4: Vacancy rates in the June quarter Increased in all capital cities except Melbourne and Hobart, where rates remained stable. Fact 5: Rental yields ranged from -1.9% to 9.9% over the quarter, depending on accommodation type and market. Key takeaway: Across Australia, there was a general upward trend as property prices for houses and other dwellings continued to rise during the June quarter of 2024.   GPS Guardian Property Specialists #propertymanagement #gpsproperties #propertymentor

The Australian housing market witnessed a 6.9% increase in total residential property listings in March, reaching a total of 256,000 properties up from February’s 239,459, according to SQM Research’s latest data release. This marks a significant uptick across all major cities, with an overall 2.6% increase in listings compared to March 2023. Sydney and Melbourne, in particular, showcased notable increases in listings, with rises of 9.1% and 8.7%, respectively, from last year. However, Brisbane, Perth, and Adelaide bucked the trend with notable declines in their year-over-year listings. You may read the whole article here: https://buff.ly/3xuT4UR Call us now for 45-minute one-on-one free financial consultation sessions. 1300 074 675 or message us on WhatsApp +61 488 859 637 Have a successful day everyone! For more details and inquiries, follow us on social media: Facebook: Simply Wealth Instagram: @simply_wealth_group Website: https://buff.ly/3HGlP0U Twitter: @SimplyWealthGrp LinkedIn: simply-wealth-group #successtips #millionairesmindset #propertyinvestment #simplywealth #simplywealthgroup #simplywealthaimstohelp #beaninvestor #investwithSimplyWealth #goals #DreamBig #home #homesweethome #realestate #buy #propertyinvestment #invest #market #property #business #opportunity #simplywealth #melbproperty #melbourne #melbournerealestate #melbourneproperty #melbre #realestateaustralia #melbournehouses #firsthome #firsthomebuyer

The Australian property market is strongly pivoting towards apartments as a preferred housing option. According to the latest ANZ CoreLogic Housing Affordability report, unit prices in capital cities rose 0.9% in the three months to October, aligning with steady house price growth at 0.8%. Apartments are becoming increasingly attractive, offering affordability and accessibility with mortgage servicing requiring just 41.6% of income compared to 54.7% for houses. Dwelling values across cities like Perth, Adelaide, and Brisbane have surged by over 65% since 2020, underscoring strong investment opportunities. Sydney continues to thrive as the nation's premium property hub, while affordability improvements are notable in Melbourne and Hobart, creating diverse prospects for buyers and investors. The shift towards modern, lower-maintenance living is making units a smart choice for first-home buyers, downsizers, and investors alike. Success Avenue Property Consultancy is here to connect you to the best residential opportunities in this thriving market. Whether you're considering a luxurious apartment or a future-proof investment, let us help you make the most of the dynamic property trends shaping Australia today. Follow us for more #propertyupdates, #investmenttips, #market data, and more! Contact us @ 02-81230180, [email protected] | www.successavenue.com.au #SuccessAvenue #australiaproperty #CoreLogicReport #AffordableHousing #perth #adelaide #brisbane (Adelaide property market, property investment, real estate market, Australia property market, perth property market)