Welcome to the Property Planner’s Monthly Market Update, your comprehensive resource for the latest insights and trends in the real estate and economic landscape!
Stay informed and ahead of the curve with our expert analysis, helping you make well-informed decisions in the ever-evolving property market.
National Values Fall
Property values dropped by 0.1% nationally in December, after 22 consecutive months of growth.
Is this a seasonal adjustment or a sign of a wider market softening?
Source: CoreLogic
Regionals Beat Capitals
Regional markets outpaced combined capitals with 6% annual gains vs capitals 4.5%.
What’s driving this and will it continue or is it just the lag effect of regionals belatedly following the same trajectory of capital cities?
Source: CoreLogic
Affordable Segment Surge
Lower quartile properties drove value growth in 2024, seeing a nearly 10% increase compared to just 1.5% for the upper quartile.
Keep an eye out for when the upper quartile starts to outpace the bottom quartile.
This often signals the beginning of a market rebound.
Source:CoreLogic
Rental Growth Moderates
National rental growth slows to 0.1% over the month of December, well below historical averages, which extrapolated over a year = 1.2% annual growth.
Annual rental growth has slowed to 4.8% over the last 12 months, a significant drop from the peak of 9.7% in November 2021.
Could this be a sign of rental price stability for tenants in 2025?
Source: CoreLogic
Shifting Hierarchy in Property Markets
Perth, Adelaide and Brisbane showed a rapid rate of deceleration relative to 3, 6 and 12 months ago.
- Perth – 1.1% growth in November to 0.7% in December
- Adelaide – 0.8% growth in November to 0.6% in December
- Brisbane – 0.6% growth in November to 0.5% in December
While Melbourne’s affordability relative to other cities remained a key story.
Are we seeing the beginning of a market realignment for the mid-tier capital cities with slower or flat growth in prices for the foreseeable future?
Source: CoreLogic
Listing Surge
New listings hit or exceeded the five-year average throughout 2024, creating opportunities in several markets.
Will this increased supply lead to greater stability in prices or a shift in buyer demand?
Source: CoreLogic
Adelaide Outlook
New listings hit or exceeded the five-year average throughout 2024, creating opportunities in several markets.
Will this increased supply lead to greater stability in prices or a shift in buyer demand?
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