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 Price Growth Slows
The annual growth rate has slipped to 6.7%, with all cities bar Darwin posting weaker increases than the previous month.
Nationally, home values rose 1.0% in the September quarter, the smallest gain over a three-month period in 18 months.
Is it the start of a market-wide cooldown or is it just the mid-tier cities of Perth, Adelaide and Brisbane running out of steam before Melbourne and Sydney change direction and go on a run?
Source: CoreLogic
Rents Drop to 4-Year Low
Rental prices have tumbled in cities like Sydney, Brisbane and Canberra.
Nationally, rents increased by only 0.1% over the September quarter, the smallest increase over a three-month period in four years.
What’s driving this shift and could this signal the end of the rental crisis or are we in for more turbulence ahead?
Source: CoreLogic
Listings Boom Nationwide
Property listings have surged, now tracking 8.8% above the 5-year average.
Spring is typically one of the busiest periods of the year for selling.
However, the levels of newly advertised stock on the market hasn’t been this high at this time of the year since 2021.
Will this sudden influx of supply cool off the market even further or is something else at play?
Source: CoreLogic
Sentiment Drops in WA but Jumps in Vic
Buyer sentiment in Western Australia has plummeted by 10.5%, where accelerated price growth is causing a deterioration in affordability.
Victoria, on the other hand, is seeing renewed optimism for house price expectations with a gain of 9.1%.
What’s driving these regional shifts, and how will it affect property values?
Source: Westpac Melbourne Institute
Migration and Listings Impact
Net overseas migration is down 19% from record highs posted in 2023, while listings soar.
Could this combination of factors reshape the market—and what does it mean for buyers, sellers and renters?
Source: ABS
Is Perth Finally Slowing Down?
Perth’s hot market has cooled, with monthly growth dropping from 2% to 1.6%—the first slowdown in months.
Over the September Quarter, Perth values have seen an increase of 4.7%, easing from 6.2% over the previous quarter.
Is this the beginning of the end for Perth’s growth streak?
Source: CoreLogic
Investors Surge Back
Investor loan commitments have surged to the highest levels since January 2022, now making up 38.5% of new lending for housing.
In the past 12 months, investor lending has grown by 34.2%, compared to a 16.8% increase in owner-occupier loans.
But with price momentum changing, are investors betting on the right markets?
Source: ABS / CoreLogic
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