Hello, everyone out there.

How are you all doing?

I’m Kate Hill bringing you the best and unbiased and honest content on property along with fantastic hints and tips.

Stay tuned today for all your latest property news.

Now the recent CoreLogic home value index highlights a deceleration in Australia’s housing market.

November ’24 saw national dwelling values grow by just point one percent, marking the weakest increase since January ’23.

This slowing momentum indicates the near end of the upswing that dominated much of twenty three and early twenty four.

Regional markets experienced stagnation or decline, while capital cities like Sydney and Melbourne recorded only slight gains.

Key factors influencing this trend include high interest rates, a lack of real quality property listings still, worsening affordability limiting buyer capacity and activity.

Borrowing costs have increased significantly, of course, with mortgage repayments, burdens reaching record highs, particularly in high value urban markets.

The slowdown is further attributed to a pullback in demand following rapid price rises earlier in the year.

Despite these challenges, a few smaller capitals like Brisbane, Adelaide, and even still Perth have maintained resilience, partly due to their comparative affordability and population growth.

However, these cities also show signs of moderation.

CoreLogic’s data underscores the increasing caution among buyers and sellers as the market adapts to a higher rate environment and tighter economic conditions.

Unless economic conditions and listing numbers shift significantly, this subdued growth trend is likely to persist into twenty twenty five.

Now property prices in Australia, as we’ve seen, are showing signs of slowing growth, but investor confidence remains robust according to the Australian Property Investor magazine’s September quarter survey.

Over eighty one percent of respondents expect property values to rise in the next year, a significant improvement compared to two and a half years ago when less than thirty percent were optimistic.

Regional markets also exhibit strong confidence with sixty four percent predicting price increases, the second highest confidence levels recorded in nine quarters.

Investors’ top market preferences for the next twelve months include Queensland, twenty seven percent, Victoria, twenty five percent, New South Wales, twenty four percent, Western Australia, thirteen percent, South Australia, seven percent, Northern Territories, two percent, Tasmania, one percent, and the ACT, one percent.

What fascinates me among these figures particularly is Victoria in second position with twenty five percent of investors choosing this state as their market preference.

Given all the legislative changes that have been happening down there, they’ve been doing everything to put investors off.

This really shows that among very savvy investors, this state still shows its fundamental promise. I agree.

Housing affordability in Australia has reached historic lows as detailed in the latest ANZ CoreLogic report.

Over the past year to September, median household incomes increased by two point eight percent, median incomes to one hundred and one thousand, but property prices surged by eight point five percent, elevating the median dwelling value to eight hundred and seven thousand.

This growth pushed the dwelling value to income ratio to a record eight, far above the twenty year average of six point seven.

First home buyers now need ten point six years to save for a twenty percent deposit, assuming they save fifteen percent of their income.

High interest rates mean that mortgage repayments consume over half of household incomes.

In response, buyers are adopting strategies such as purchasing below the median price, using smaller deposits with lenders mortgage insurance, increasing deposit sizes to minimise the debt, and seeking family financial help.

Despite challenges, the market remains resilient with continued investor activity and evolving buyer approaches.

Australia’s property market in twenty twenty five is projected to deliver mixed results according to SQM Research’s housing boom and bust report.

National price growth could reach four percent under the base scenario with Perth leading the way.

Brisbane, Adelaide, and Darwin, according to the report, are also set to outperform.

However, Sydney, Melbourne, Canberra could experience price decline with Canberra seeing drops of up to six percent.

Key influences include anticipated rate cuts in mid twenty five, robust population growth exceeding five hundred thousand, and manageable inflation.

Now all of those would normally be signs to me of an increasing property market.

In an optimistic scenario, earlier rate cuts might push growth up to ten percent, while a pessimistic view with no rate cuts could result in declines of up to four percent.

Market moderation is evident though, longer selling times and increased property listings providing buyers with more options.

I don’t know where we’re seeing those because I’m not, but that is according to the report.

Affordability concerns and evolving dynamics continue to shape the landscape for buyers and for sellers.

I will keep you posted as always on all things property from around Australia as the year progresses.

Now don’t forget to hit the subscribe and like buttons if you are enjoying the free content, and I will see you all again very, very soon. Bye.

Hello, everyone out there.

How are you all doing?

I’m Kate Hill bringing you the best and unbiased and honest content on property along with fantastic hints and tips.

Stay tuned today for all your latest property news.

Now the recent CoreLogic home value index highlights a deceleration in Australia’s housing market.

November ’24 saw national dwelling values grow by just point one percent, marking the weakest increase since January ’23.

This slowing momentum indicates the near end of the upswing that dominated much of twenty three and early twenty four.

Regional markets experienced stagnation or decline, while capital cities like Sydney and Melbourne recorded only slight gains.

Key factors influencing this trend include high interest rates, a lack of real quality property listings still, worsening affordability limiting buyer capacity and activity.

Borrowing costs have increased significantly, of course, with mortgage repayments, burdens reaching record highs, particularly in high value urban markets.

The slowdown is further attributed to a pullback in demand following rapid price rises earlier in the year.

Despite these challenges, a few smaller capitals like Brisbane, Adelaide, and even still Perth have maintained resilience, partly due to their comparative affordability and population growth.

However, these cities also show signs of moderation.

CoreLogic’s data underscores the increasing caution among buyers and sellers as the market adapts to a higher rate environment and tighter economic conditions.

Unless economic conditions and listing numbers shift significantly, this subdued growth trend is likely to persist into twenty twenty five.

Now property prices in Australia, as we’ve seen, are showing signs of slowing growth, but investor confidence remains robust according to the Australian Property Investor magazine’s September quarter survey.

Over eighty one percent of respondents expect property values to rise in the next year, a significant improvement compared to two and a half years ago when less than thirty percent were optimistic.

Regional markets also exhibit strong confidence with sixty four percent predicting price increases, the second highest confidence levels recorded in nine quarters.

Investors’ top market preferences for the next twelve months include Queensland, twenty seven percent, Victoria, twenty five percent, New South Wales, twenty four percent, Western Australia, thirteen percent, South Australia, seven percent, Northern Territories, two percent, Tasmania, one percent, and the ACT, one percent.

What fascinates me among these figures particularly is Victoria in second position with twenty five percent of investors choosing this state as their market preference.

Given all the legislative changes that have been happening down there, they’ve been doing everything to put investors off.

This really shows that among very savvy investors, this state still shows its fundamental promise. I agree.

Housing affordability in Australia has reached historic lows as detailed in the latest ANZ CoreLogic report.

Over the past year to September, median household incomes increased by two point eight percent, median incomes to one hundred and one thousand, but property prices surged by eight point five percent, elevating the median dwelling value to eight hundred and seven thousand.

This growth pushed the dwelling value to income ratio to a record eight, far above the twenty year average of six point seven.

First home buyers now need ten point six years to save for a twenty percent deposit, assuming they save fifteen percent of their income.

High interest rates mean that mortgage repayments consume over half of household incomes.

In response, buyers are adopting strategies such as purchasing below the median price, using smaller deposits with lenders mortgage insurance, increasing deposit sizes to minimise the debt, and seeking family financial help.

Despite challenges, the market remains resilient with continued investor activity and evolving buyer approaches.

Australia’s property market in twenty twenty five is projected to deliver mixed results according to SQM Research’s housing boom and bust report.

National price growth could reach four percent under the base scenario with Perth leading the way.

Brisbane, Adelaide, and Darwin, according to the report, are also set to outperform.

However, Sydney, Melbourne, Canberra could experience price decline with Canberra seeing drops of up to six percent.

Key influences include anticipated rate cuts in mid twenty five, robust population growth exceeding five hundred thousand, and manageable inflation.

Now all of those would normally be signs to me of an increasing property market.

In an optimistic scenario, earlier rate cuts might push growth up to ten percent, while a pessimistic view with no rate cuts could result in declines of up to four percent.

Market moderation is evident though, longer selling times and increased property listings providing buyers with more options.

I don’t know where we’re seeing those because I’m not, but that is according to the report.

Affordability concerns and evolving dynamics continue to shape the landscape for buyers and for sellers.

I will keep you posted as always on all things property from around Australia as the year progresses.

Now don’t forget to hit the subscribe and like buttons if you are enjoying the free content, and I will see you all again very, very soon. Bye.

DISCLAIMER: No Legal, Financial & Taxation Advice

The Listener acknowledges and agrees that:

• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listeners’ personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener;
• The information provided must be verified by the Listener before the Listener acting or relies on the information by an independent professional advisor, including a legal, financial, taxation advisor and the Listener’s accountant;
• The information may not be suitable or applicable to the Listener’s circumstances;
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth). We are not authorised to provide financial services to the Listener and have not provided financial services to the Listener.