Is Melbourne at the bottom of the cycle? Melbourne has successfully cemented its position as one of the weakest property markets in Australia. At the end of September, Melbourne’s median dwelling value was $777,390, behind Sydney, Canberra, Brisbane, Adelaide, and Perth. So what is the good news? We believe Melbourne is now at the bottom of the cycle and about to start heading up, whereas the other states are at the top of their cycles. Now is a great time to buy in Melbourne.
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Is Melbourne at the bottom of the cycle? Melbourne has successfully cemented its position as one of the weakest property markets in Australia. At the end of September, Melbourne’s median dwelling value was $777,390, behind Sydney, Canberra, Brisbane, Adelaide, and Perth. So what is the good news? We believe Melbourne is now at the bottom of the cycle and about to start heading up, whereas the other states are at the top of their cycles. Now is a great time to buy in Melbourne.
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🏡💨 Australia's housing markets are moving at different speeds, revealing a complex tapestry of supply, demand, and regional dynamics. 📊 Perth, Adelaide, and Brisbane outperforming due to low listings-to-sales ratio ⚖️ Melbourne's oversupply with 98,223 new listings vs. 84,452 sales 🏗️ Examining Victoria's building boom and interstate migration patterns 💼 Regional variations in jobs growth and investor activity shaping the market We will keep you posted with the clearance rate for market insights! #contractreview #conveyancingexperts #conveyancing #propertylaw #australianproperty #australianpropertymarket #victoriaproperty #nswproperty #qldproperty #australianrealestate #revallegal www.revallegal.com Source: corelogic
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People think that state government and councils don’t have an impact on property prices. Look at the below over 4 years. At a capital city level, prices rose: * Adelaide = 64.0% * Brisbane = 63.1% * Perth = 57.3% * Canberra = 37.4% * Hobart = 36.1% * Sydney = 34.7% * Darwin = 25.1% * Melbourne = 17.2% I wonder what made Adelaide/Brisbane so attractive to investors and owner occ’s over the past 4 years and made them run from Melbourne.
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Perth, Adelaide & Brisbane continue to perform the best as predicted in #powertothebuyer 2024 predictions Sub $600k price band is FLYING across the country now. There is minimal stock in the $300k range of quality worth buying for clients If you are after a high growth asset below $600k you cannot afford to wait as demand continues to skyrocket for these affordable products across #australia while stock remains historically low We are predicting $300k products will likely not be attainable within a close proximity to major cities across the country in 2025 #property #propertyinvestment #realestate #realestateau #australianproperty #propertyexperts #propertyinvestor
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What city do you live in? If you're a single, there's a city in Australia that is the strangest place for you to live in. It's Brisbane, bro. So if you're a single, that is the worst place to live. That's what we have on realestate.com.au. And you know what the second worst and third is? It's Victoria or Melbourne. So Melbourne's second, so that would mean Sydney would be third? Sydney's the third one. #propertyinvesting #propertystrategist #commercialrealestate #commercialproperty
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The dynamic landscape of the property market during the month of August didn't fail to captivate, as a spectrum of performances across the Australian Capital cities. Assessing the fluctuations in the home value index, a noteworthy uptick of 0.60% was witnessed encompassing the five major cities. In a show of strength, Perth emerged as a frontrunner yet again, boasting an impressive surge of 2.0% in property prices, a performance that was swiftly followed by Adelaide's commendable rise of 1.4%. Brisbane and Sydney didn't lag too far behind, exhibiting positive growth rates of 1% and 0.3%, respectively. However, the city of Melbourne painted a different picture, showcasing a modest decline at -0.2%. The intricate interplay of these varied results highlights the pivotal role that economic giants like Sydney and Melbourne play in shaping the national property landscape. Indeed, it was the relatively subdued performance of these two major markets that exerted a notable drag from these two metropolitan hubs. #personalwealth #success #property #finance
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Since recording phenomenal growth in January to record a median property value higher than Melbourne (which remains with higher values for both houses and units), the Brisbane property market has continued to go from strength to strength. The median house value in Brisbane is currently $937,479, $190 above the Melbourne median. The median unit value in Brisbane, at $615,429, is also now higher than the median unit value in Melbourne, which is $614,299. In May 2024, for the first time since 1997, Brisbane overtook the ACT to record the second highest property values in the country, Sydney remains the most expensive property market. Along with Brisbane, Adelaide and Perth are seeing the strongest property price growth across the country. Extremely low levels of available supply across the strongest markets provide the best explanation for the difference in growth rates seen. inSynergy identified these markets as rising markets and began assisting our clients to acquire property. This has proven to be a smart investment strategy as these clients have benefited from the growth in property prices (equity in their properties they can leverage). These markets have all seen growth in rental prices, providing better rental yields, which increases cashflow, borrowing capacity and greater financial security. To find out more about the inSynergy difference, reach out at hello@inSynergy.net.au | 1300 425 595. Invest in your future today! 📞🏡 #inSynergy #inSynergyAdvisory #Property #Investment #GrowingMarkets #PropertyData #CapitalGrowth
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How to make $100k from a new house in Melbourne #realestateinvesting #melbourneproperty #LibertyBlue #PropertyDevelopment #PropertyInvestment #PropertyAustralia #realestatemarket #australianrealestate #propertymanagement
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In the dynamic landscape of Australia's property market, Brisbane and Adelaide have notably shifted gears, showcasing a remarkable decrease in the number of properties for sale. Brisbane leads with a 13.6% drop and Adelaide sees a 9.8% reduction. In contrast, Sydney and Melbourne are on different paths, each marking a 10% surge in property supply. This divergence paints a picture of a multifaceted market in 2024, where certain regions are poised for robust performance, while others may tread water. For investors, pinpointing where to cast their nets is more crucial than ever. 🔍 For tailored insights and strategies that align with these market dynamics, visit www.safeas3houses.com.
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