Arcanite’s Post

Interesting read from CoreLogic.

Melbourne’s median dwelling value dropped down to the 6th lowest city, behind Brisbane, Perth and Adelaide. This is a whopping 50% difference from Sydney’s $1.18m! We’re here to break this down for you in a quickfire summary. Rise in housing values since August 2019: -             Perth > 76.4% -             Brisbane > 71.5% -             Adelaide > 70.8% -             Sydney > 43.1% -             Melbourne > 19.8% So, what’s happened?  To answer this question, we must first explain what is meant by median dwelling value. It measures the 50th percentile valuation estimate of all house and units combined. Over the last four years, Melbourne has densified significantly with 33% of housing stock in multi-unit sector. With unit values much lower than house values, this is bringing Melbourne’s median dwelling value down relative to other cities. We’re likely to see a renewed focus on densification in Perth and Adelaide over the coming years, which will cause a significant change into the median dwelling values. What does this mean for home buyers and property investors? We predict Melbourne’s property values will catch up over the next couple of years. It’s an undervalued housing market which means it’s an opportune time to buy. If you’re looking to buy your next home or investment property and need a home loan at a great rate then look no further. Contact us today to find out how we can get you a home loan at a great rate, hassle free. https://lnkd.in/g83CTbqX  

⚡ Home values inch higher nationally as growth loses momentum: 1. Dwelling values increased by a modest 0.4% in the first month of spring, with national housing values rising 1.0% in the September quarter, the lowest rise in the national Home Value Index since March 2023. 2. Four capital cities, including Melbourne, Canberra, Hobart, and Darwin, recorded declines in dwelling values during the September quarter. 3. Sydney home values continued to rise, but at a slower rate with a 0.5% increase in the September quarter, the lowest growth result since February 2023. 4. Mid-sized capitals like Perth, Adelaide, and Brisbane are also losing momentum in their housing market growth, although still outpacing other capitals. 5. Affordability constraints and reduced borrowing capacity are supporting stronger conditions across housing markets with lower price points, with unit values rising more than house values in six of the eight capitals.

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

I’ve been closely observing the dynamic shifts in our property market. Here’s a snapshot of what’s currently happening: **Economic Outlook:** The South African economy is gradually recovering from previous challenges. Recent economic indicators suggest a positive trend, which is crucial for shaping our real estate landscape. **Demand vs. Supply:** Demand for residential properties remains strong, particularly in urban centers and emerging suburban areas, driven by remote working and lifestyle changes. However, supply is struggling to keep up. This imbalance is leading to competitive bidding and slower development, especially for affordable housing. **Price Trends:** Property prices are showing varied trends. Luxury properties in major cities like Cape Town and Johannesburg are seeing a resurgence due to favorable market conditions. Meanwhile, other sectors, particularly entry-level homes, face challenges with stagnation or minor declines in prices. **Interest Rates:** The South African Reserve Bank has recently raised interest rates slightly to combat inflation, impacting mortgage affordability. While this might affect some buyers, it remains a crucial aspect of the market to watch. **Investment Opportunities:** There’s still potential for investors, especially in rental properties and up-and-coming neighborhoods. Areas with significant infrastructure development and strong rental demand are promising for strong returns. The South African real estate market is vibrant and evolving. Whether you’re looking to buy, sell, or invest, staying informed and adaptable is key. If you have any questions or need advice on navigating the market, feel free to reach out. Let’s make the most of these exciting opportunities together!

Australia's housing market reaches record highs as home values soar nationwide, driven by consecutive months of growth, particularly in Perth, Adelaide, and Brisbane. Analysts suggest that sustained price increases, coupled with inflationary pressures and supportive budgetary measures, may delay expected interest rate cuts by the Reserve Bank of Australia. Despite concerns over housing affordability and supply shortages, demand remains robust, especially in Perth, buoyed by population growth and economic stability. However, experts caution against the sustainability of such rapid price growth over the long term. If rate cuts are postponed, Sydney and Melbourne could experience slower price growth, affecting buyer sentiment and market dynamics. The shift in demand towards more affordable segments reflects tightening mortgage serviceability and affordability constraints. Notably, suburbs like Yangebup, Bellevue, and Armadale in Perth, along with Eyre, Ottoway, and Fulham in Adelaide, witness significant price surges. Brisbane's Kingston, Riverview, and Logan Central also record notable quarterly growth. As affordability concerns persist, demand ripples towards more accessible markets, driving Perth's exceptional growth while tempering Sydney and Melbourne's increases. Despite the market's resilience, uncertainties loom over the impact of delayed rate cuts and potential shifts in supply dynamics.   #intelligentfinancialsolutions #motrgagebroker #dailypost #Australianeconomy #HousingMarket #RecordHighs #InterestRates #Affordability #PropertyPrices   SOURCE: https://lnkd.in/gddsju4Q

Toronto is No. 5 on the list. More proof that lower home prices and/or significant wage growth is the only way to deflate a real estate bubble. Encouraging more debt through lower down payment requirements and longer amortization periods just inflates it more. -------- "While 16 cities worldwide were considered to be at elevated or high risk of a real-estate bubble last year, just six cities fit that description today, the report said. That's thanks to falling home prices in many cities that were considered overextended in 2023." https://lnkd.in/gQk3e6iS

In the know. 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. https://lnkd.in/g7pxkT9E https://lnkd.in/gTPC8jYB

April sees a continued surge in Australian housing values, rising 0.6% according to CoreLogic's latest Home Value Index. This marks the 15th consecutive month of growth, adding approximately $4,720 to the national median dwelling value. While mid-sized capitals like Perth, Adelaide, and Brisbane lead the pace, Sydney and Melbourne's markets are stabilising. Notably, regional markets are outperforming capital cities, with regional WA leading the gains. Despite a cyclical peak in home sales last November, estimated sales over the past three months remain higher than in previous years. With affordability concerns and low sentiment affecting the market, the volume of sales may remain subdued until interest rates adjust.

Australian Housing Market Update: #March Insights The Australian housing market continues its upward trajectory, with CoreLogic Australia's national Home Value Index (HVI) increasing by 0.6% in March, marking the #14th consecutive month of #growth. Here's a quick snapshot of the latest trends: 📌 Rapid Recovery: After a 7.5% decline from April 2022 to January 2023, the national HVI has surged 10.2%, adding approximately $71,832 to housing values and reaching new record highs each month since November. 📌 Capital City Highlights: All capitals except #Darwin saw value increases in March. Perth led with a 1.9% growth, followed by #Adelaide (1.4%) and #Brisbane (1.1%). Melbourne experienced a slight quarterly dip (-0.2%). 📌 Quarterly Growth Accelerates: The national quarterly growth rate increased from 1.4% in Q4 last year to 1.6% in Q1 2024, despite broader economic pressures and a significant slowdown from mid-last year's 3.3% growth rate. 📌 Underlying Drivers: Rate hikes, cost of living, and housing affordability challenges persist, but a stark undersupply and high demand continue to push values up. Notably, Perth's market thrives due to its relative affordability and significant migration trends. 📌 Lower Quartile Leads: The strongest growth has shifted to the lower quartile across most capital cities, with a notable 3.1% increase in Q1, reflecting the impact of tightening #affordability and borrowing capacity. 📌 Regional Markets: Regional housing values also rose, with varied performance across regions. Regional Victoria saw a slight decline (-0.3%) in Q1. 📌 Sales Volume Increase: The first quarter witnessed a 9.5% increase in home sales compared to last year, outperforming the previous decade's average by 3.7%. This diversified growth landscape underscores the complex interplay of affordability, supply-demand dynamics, and migration trends shaping the Australian housing market. A great time for investors and homebuyers to reassess market opportunities and strategies. #AustralianHousing #MarketTrends #RealEstate #CoreLogic #HousingMarketUpdate #HealthcareHomeLoans