Carla Nesci’s Post

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

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

The Australian housing market slows in winter; Melbourne's median falls below Perth and Adelaide. CoreLogic has released its September Home Value Index (HVI) providing the latest key metrics for the Australian property market. In August, national home values increased by 0.5%, representing a 19-month growth streak. However, the pace is slowing, with quarterly national growth now at 1.3%, down from 2.7% during the same period last year. Capital growth varied widely across cities. Perth led with a 2.0% increase, followed by notable rises of 1.4% in Adelaide and 1.1% in Brisbane. Sydney experienced a modest growth of 0.3% for the month. In contrast, four capital cities saw a decline in home values: Canberra led the decreases with a -0.4% drop, Melbourne and Darwin each saw a -0.2% decline, and Hobart experienced a slight fall of -0.1%. CoreLogic’s Head of Research, Eliza Owen said “The seasonally adjusted Home Value Index had a stronger result through the three months to August, at 1.7%. But this is still down from the 3.3% lift seen in the winter of 2023” #mortgagetec #everythingmortgages #corelogic #markettrends #marketupdate #housingvalues #australianeconomy

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

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐡𝐨𝐦𝐞 𝐯𝐚𝐥𝐮𝐞𝐬 𝐡𝐚𝐯𝐞 𝐬𝐤𝐲𝐫𝐨𝐜𝐤𝐞𝐭𝐞𝐝 𝐛𝐲 𝟑𝟓.𝟔% 𝐬𝐢𝐧𝐜𝐞 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐛𝐞𝐠𝐚𝐧 𝐢𝐧 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟎! 🏡✨ The market experienced a robust growth cycle during the pandemic, followed by a brief but sharp decline when rate hikes commenced. However, by November 2023, the market fully recovered, hitting new record highs each month since. But there's more beneath the surface! The housing market's growth has been driven by multiple 'speeds' across various capital cities and regional markets. This has led to a fascinating question: Why are cities like Perth, Brisbane, and Adelaide continually in high demand, while Melbourne and Hobart struggle? The answer lies in the diverse trends and conditions unique to each area. The highest-performing markets typically started from a low base, with relatively weak housing conditions and demographic trends pre-pandemic. Key factors such as migration, affordability, and dwelling completions significantly impact the supply and demand balance, influencing capital growth trends. For property buyers and investors, understanding these multi-speed conditions is crucial. It’s not just about the headline figures but the intricate dynamics shaping each city's market. Stay informed, stay ahead! 📊🏠 Ｃｏｎｔａｃｔ ｕｓ ｔｏｄａｙ！ ☎️ 0415 645 477 ✉️ wealth@brayeproperty.com.au 🌐 www.brayeproperty.com.au #realestate #propertyinvestment #housingmarket #australia #MarketTrends #propertybuyer #InvestSmart #BrayePropertyBuyersAgency

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐡𝐨𝐦𝐞 𝐯𝐚𝐥𝐮𝐞𝐬 𝐡𝐚𝐯𝐞 𝐬𝐤𝐲𝐫𝐨𝐜𝐤𝐞𝐭𝐞𝐝 𝐛𝐲 𝟑𝟓.𝟔% 𝐬𝐢𝐧𝐜𝐞 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐛𝐞𝐠𝐚𝐧 𝐢𝐧 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟎! 🏡✨ The market experienced a robust growth cycle during the pandemic, followed by a brief but sharp decline when rate hikes commenced. However, by November 2023, the market fully recovered, hitting new record highs each month since. But there's more beneath the surface! The housing market's growth has been driven by multiple 'speeds' across various capital cities and regional markets. This has led to a fascinating question: Why are cities like Perth, Brisbane, and Adelaide continually in high demand, while Melbourne and Hobart struggle? The answer lies in the diverse trends and conditions unique to each area. The highest-performing markets typically started from a low base, with relatively weak housing conditions and demographic trends pre-pandemic. Key factors such as migration, affordability, and dwelling completions significantly impact the supply and demand balance, influencing capital growth trends. For property buyers and investors, understanding these multi-speed conditions is crucial. It’s not just about the headline figures but the intricate dynamics shaping each city's market. Stay informed, stay ahead! 📊🏠 Ｃｏｎｔａｃｔ ｕｓ ｔｏｄａｙ！ ☎️ 0415 645 477 ✉️ wealth@brayeproperty.com.au 🌐 www.brayeproperty.com.au #realestate #propertyinvestment #housingmarket #australia #MarketTrends #propertybuyer #InvestSmart #BrayePropertyBuyersAgency

🏠 Let’s Talk Housing Affordability: A Key Index to Consider When Buying Property I recently went through the ANZ September Housing Affordability Report, and here are some noteworthy insights, along with a ranking of capital city house affordability: 📉 National Affordability Decline: The national median dwelling value to income ratio has increased to 7.9 (up from 7.5 a year ago), making homeownership more difficult across Australia. On average, households now require over 10 years to save for a 20% deposit. 📈 Melbourne Affordability Improved (the only capital city!): Melbourne is the only capital city where housing affordability has slightly improved, with dwelling values falling by 4.9% since March 2022, thanks to a mismatch between supply and demand and rising incomes. 💰 Adelaide’s High Value-to-Income Ratio: Adelaide has the second-highest house value-to-income ratio, making it one of the least affordable cities. 🏙️ Ranking of Capital City House Affordability (Affordability considers the value-to-income ratio, cost of living, mortgage serviceability, and time required to save for a deposit.) 1. Darwin (4.0 value-to-income ratio) 2. Perth (7.0 value-to-income ratio) 3. Canberra (6.3 value-to-income ratio) 4. Melbourne (7.1 value-to-income ratio) 5. Adelaide (8.6 value-to-income ratio) 6. Brisbane (8.0 value-to-income ratio) 7. Sydney (9.8 value-to-income ratio) With affordability becoming a bigger challenge, particularly in places like Sydney and Brisbane, navigating the property market is no small feat. If you’re thinking about buying, now’s the time to stay sharp and strategic. The landscape is constantly shifting, and having a solid plan in place can really set you up for success. 💡 #HousingAffordability #RealEstateTrends #PropertyInvestment #AmazeProperty #AustraliaBuyersAgent

🔥 Melbourne's housing market is slowly heating up! 🔥 According to CoreLogic's recent report, the national Home Value Index saw a robust 0.6% increase in February, marking the strongest gain since October. Key takeaways for Melburnians: 1️. Melbourne's Resilience: Despite a three-month dip, Melbourne bounced back with a subtle 0.1% rise in home values. The city's housing market is showing signs of recovery after a brief decline in November and December. 2. Regional Growth Spotlight: Regional areas in South Australia, Western Australia, and Queensland are experiencing consistently high month-to-month growth, with Perth leading the pack at a remarkable 1.8% increase. 3. Positive Indicators for Buyers: Auction clearance rates surged in February, averaging in the high 60% range, signaling a better alignment between buyer and seller expectations. Additionally, a rise in consumer sentiment suggests increased confidence in property-related decisions. #mortgagebroker #homeloan #GAFinance #purchase #preapproval #homelending #Melbournehousing #property #realestate https://lnkd.in/gUn256yq

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

Housing values posted a broad-based rise in February with the CoreLogic Australia national Home Value Index (HVI) up 0.6% in February. The 20 basis point acceleration from the 0.4% increase seen in January was the strongest monthly gain since October last year. “Housing values have been more than resilient in the face of high interest rates and cost of living pressures,” CoreLogic’s research director, Tim Lawless, said. “The ongoing rise in housing values reflects a persistent imbalance between supply and demand which varies in magnitude across our cities and regions.” He pointed out that the continuous climb in housing values is a result of the ongoing mismatch between supply and demand, which varies across different cities and regions. While the growth rates for home values in Sydney and Melbourne have stabilised, the overall monthly trend has picked up pace. Melbourne, in particular, has reversed a three-month trend of negative growth, recording a modest increase of 0.1% in February. Mr. Lawless also suggested that the market might be experiencing early indicators of renewed confidence in housing, buoyed by diminishing inflation and the anticipation of interest rate reductions later in the year. This resurgence in property value growth coincides with an improvement in auction clearance rates, which averaged in the high 60% range throughout February, and a significant boost in consumer sentiment, indicating increased confidence among buyers. Although the recent upswing marks an improvement, it's important to note that the current rate of value growth in most regions remains significantly below the peak increases observed last year, such as the 1.3% national index rise in May. #ausproperty #ausrealestate #australianproperty #australianrealestate