Newsletter - Inner Circle October 2024
Inner Circle
Market news - KEEP YOUR EYE ON SUPPLY.
While sales numbers across Australia remain good the supply of properties listed for sale continues to rise especially in Melbourne and Sydney.
The flow of new listings coming onto the national market is tracking 3.2% higher than a year ago to be 8.8% higher than the five-year average for this time of the year. But supply remains suppressed in WA and SA.
The result has been for Perth and Adelaide to continue their strong runs, Sydney seeing its growth rate halve while Melbourne, Canberra, Hobart and Darwin move sideways.
Brisbane seems to be following Sydney’s trajectory, albeit around six months behind the bigger centre.
CoreLogic Index results as at 30 September 2024
That opens the door for Melbourne to return to the top of the table when interest rates start falling.
In The News
Growth in regional Australia has lagged when compared to the capitals due to the rush from the cities during the pandemic, but some areas are still demanding investor attention.
Our CEO Miriam Sandkuhler’s analysis of how Australia’s regional real estate markets are travelling can be read here: bit.ly/3XVk2ij
Our 2023 picks for units are performing well.
How did our picks for areas for apartment buyers to target travel over the last year?
Suburbs like Caulfield North saw a 12.7% increase, while Prahran and Brunswick West followed closely with 9.0% and 8.8% growth, respectively. Even Doncaster and Brunswick showed solid gains. In contrast, the Melbourne metro average barely moved at 0.3%.
Next time you're considering a property investment, talk to us for expert advice that delivers results!
Don’t have enough money for a capital city purchase?
Maven Michael Kimbel is insistent that Bendigo is a fantastic option for investors with a budget of $400K to $650K. With a history of solid capital growth and plenty of upside for rental growth, Bendigo offers great value.
We recommend focusing on smallish three-bedroom homes in the right locations to maximise your investment.
In Albury, Anjay Zazulak tells me there is a lot of attention around the $400,000 - $600,000 mark
He cautions investors to get good advice first as he’s seeing many out of town purchasers overpay in a market which currently has limited supply.
If you would like expert advice on how to secure the best properties in centres like Ballarat, Geelong, the Mornington Peninsula or the cities above, get in touch with us.
Have an unusual property dream? We’re here to help
Ben and Barney were seeking to buy a family home, so they engaged our buyers agent services.
While most buyers are after a home in the suburbs, these two had a different dream.
What they were after is a low-maintenance dual apartment in a sought after heritage building in the city.
We were able to successfully purchase this unique property as the family's base when in Melbourne.
If you have a property dream that’s a little out of the ordinary, get in touch with Property Mavens.
Miriam provides a highly professional, responsive and personable service. I highly recommend Property Mavens if you want opportunities that are not yet available or you are looking for someone who has strong negotiation skills and can take the pressure off the purchasing process, this service really pays for itself.
As professional property buyers we know the difference between a bad property and a good one, where to buy to generate the strongest returns, how to buy to secure the best result, and what properties are really worth, to ensure our clients don’t pay too much. If you want similar results, click here to book a time with us to discuss your requirements. It’s 100% obligation free.
Go Forth and Prosper !
Miriam Sandkuhler
CEO
Love to talk real estate?
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.
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