australian property market outlook 2024

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Jul 1, 2024

Australian homeowners gain $59K wealth boost from rising housing values in FY24

Australian dwelling values increased a further 0.7% in June, taking growth to 8.0% across FY2023-24. This is the equivalent of a $59,000 increase to the median dwelling value in Australia, which is now $794,000 said CoreLogic’s research director Tim Lawless.

Jul 1, 2024

The Economy

Markets

John McGrath – Sales volumes up amid buyer FOMO

Sales volumes in Australia have risen as buyers get used to high interest rates and the fear of missing out (FOMO) compels them to purchase before home values escalate further. By John McGrath, Chief Executive Officer of McGrath Estate Agents.

Jun 26, 2024

The Economy

Markets

Profitability reigns as property gains hit 14-year high

Australian property resales reached their highest rate of profitability since July 2010 in the first quarter of the year says CoreLogic’s Head of Research Eliza Owen.

Jun 24, 2024

The Economy

Markets

John McGrath – What’s driving multi-speed price growth across Australia?

John McGrath highlights Australia's diverse property market with varied 12-Month price changes across capital cities and regions.

Jun 21, 2024

People

Agents

Antony Thompson from Blac Property Group joins forces with Plum Partners

Antony Thompson's Blac Property Group flourishes with Plum Partners, growing from three to over twenty team members in 18 months.

Jun 20, 2024

The Economy

Mortgages

Markets

Mortgage arrears rising from record lows, expected to increase further - CoreLogic

By Tim Lawless, Research Director, CoreLogic Australia.

Jun 19, 2024

RBA keeps interest rates steady at 4.35% - The Agency

RBA holds cash rate at 4.35% as CPI Data supports outlook, comments Geoff Lucas CEO of The Agency.

Jun 19, 2024

Rates and consumer confidence underpins Sydney’s resilient market - BresicWhitney

RBA holds rates as Australia's property market resilience persists, Thomas McGlynn of BresicWhitney comments.

Jun 18, 2024

People

CBRE expands specialist prestige residential valuations team to Victoria

CBRE has expanded its high-end residential valuations division to Victoria following a successful New South Wales launch led by John Beresford.

Jun 17, 2024

John McGrath –With falling rates overseas, when will the RBA cut rates here?

Australian property continues to defy historical trends, with home values still rising in most capital city and regional markets despite today’s high interest rates.