Newsletter - Inner Circle September 2023

Market News – Spring blooms.

Real estate has quietened the doubters with the market recording its sixth straight month of rises. 

CoreLogic found house prices in capitals cities were 6.3% higher than at the start of the year, while unit values rose 4.9%.

In Sydney and Melbourne, auction clearance rates have been around the 70% mark despite the significant lift in properties listed for sale, up from lows of around 20% below normal. 

In Melbourne, the highest auction clearance rates were in the Inner East (82.2%) Outer East (80.8%) and South East (73.6%). 

In Sydney the most successful auctions were held in Sutherland (85.7%), Inner West (83.6%) and Inner South West (82.7%).

In August, we’ve also seen the inflation rate falling again, suggesting interest rates have peaked. 

For investors, the opening of the Spring market is signalling that the fundamentals underpinning property are fine. 

The froth and fizz of a booming market are not there (yet) but we are seeing the home buyers and investors Property Mavens helped in 2022 starting to book solid gains.

Where are real estate prices headed to in 2024?

Over the last three months price trends has been inconsistent around the country as people’s expectations of a long term growth clash with rising interest rates.

Yet there are some areas in Sydney and Melbourne delivering solid gains while the unlikely stars of 2022 are starting to fade.

To find out more about where prices are headed to and why, take a look at Property Maven’s CEO Miriam Sandkuhler’s article in this month’s Australia Property Investor Magazine. Click the LINK here to read more.

Melbourne: Real estate agents accused of underquoting.

Don’t trust property price guides? You’re not alone.

Property Mavens’ Miriam Sandkuhler has long been campaigning against the practice of deliberate underquoting and the legal loopholes that allow questionable behaviour. 

 Read more about Miriam Sandkuhler’s take on underquoting in Domain.

Some news about us!

We are delighted to announce Property Mavens has been

recognised by Australian Women’s Small Business Champion Awards

thanks to the leadership of CEO, Miriam Sandkuhler.

Congratulations, Miriam!
 

Why you need an experienced buyers agent.

Madhu and Umeya wanted to purchase their first home with our support and expertise. 

We were able to successfully purchase this fantastic property for them in an auction within their budget.

“10/10 Property Mavens were amazing, helping guide us through the process of buying our first home in a very empathetic and professional manner. You won't be disappointed having Property Mavens in your corner as a buyer.” 

If you want to invest or buy the right home for your budget, or sell your property  click here to book a time, or call us for a chat about securing your financial independence.

Sign Up to our Inner Circle Newsletter here. 

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Giving back..

At Property Mavens we choose to give back to help create social change within our business model. If you use our buyers or vendor advocacy services, you will be helping to make a positive impact within the local and wider community.

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