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Market News. The release of property data for May 2024 confirms property remains a solid investment despite the cost of living increases and higher interest rates than we’ve seen over the last decade. CoreLogic’s numbers show a resilient national market, with Perth and Brisbane accelerating, and Sydney regaining ground lost in the great interest rates hike. Melbourne, Canberra and Hobart remain in the slow lane for now.
Market News. Over the last 12 months, Sydney recorded growth of 8.7%, Melbourne 2.8% while Perth was the standout with growth of 21.1%. Across Australia, the lower value range of the market is recording stronger growth than the top quartile. Regional city prices are now growing with centres like Albury-Wodonga, Geelong and Ballarat performing well.
Market News. After being led by the upper quartile most of last year, the strongest growth conditions have migrated to the lower quartile in Melbourne, Sydney and most capital cities. Across all capital cities, lower quartile home values increased 3.1% in the first quarter of this year compared with a 0.7% rise across the upper quartile. We’re also starting to see some rebound in regional city prices. Geelong’s middle and upper price levels in particular are showing some strong results this autumn.
Market News. According to PropTrack, Melbourne home prices rose 0.3% in in February taking the metro’s median home price to $797,000. From Property Mavens perspective, that makes Melbourne a red-hot favourite to lead growth in 2024, especially towards the end of the year. With inflation already down to its level of 2021, investors are betting interest rates are likely to fall in the second half of the year and are coming back into the market in force.
Market News. It has been a typically uneventful summer for real estate with market figures showing not much change. The average Melbourne home now costs $777,250 after a rise of 3.9% over the last year. Agents report a solid uptick in listings at the start of 2024 and are generally speaking bullish about the year ahead.
Market News. Like many years, 2023 started with predictions of falls in property prices. Also like many years, that didn’t come to pass Australian house and apartment values had a solid year, increasing by 8.1% nationally over 2023, according to analysts, CoreLogic. As you can see below, perennial underperformer Perth turned the tables on an ordinary decade recording a 15.2% jump in prices
Anjay chooses a positive out of a negative every time - game, set and match For Anjay Zazulak, tennis is his saving grace. The Albury-based buyers agent suffered two brain injuries within a decade while living and working in Sydney. The first time a barbell mistakenly landed on his head in a gym in early 2012, just a week shy of his first wedding anniversary.
Market News. Property values growth across the country are slowing as buyers at the top of the market baulk at eye-watering prices. But the affordable section of the market and some areas trading just above the median house price are traveling well.
Managing cashflow shortfalls in property investment is essential for financial stability. Here are some effective strategies to help you weather the storm:
In your journey as a landlord, continuously optimizing your property's financial performance is essential. Here are some strategic steps to enhance your property investment returns:
In today's dynamic real estate market, making informed decisions about your property portfolio is crucial. If you find yourself struggling with an underperforming property, it might be time to consider a strategic shift that can significantly boost your returns.
Market News. National home prices accelerated their growth in October to 0.9%, but the rate has dipped a little over the last quarter.