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Five crucial events for investors to watch in a year of transition. The property landscape nationally has split in two, and a raft of major factors are set to determine just where that real estate market heads in 2025. The real estate world is awash with predictions as to whether it is a good or bad time to invest hard-earned dollars in property.
Hello everyone and welcome to 2025! To usher in the New Year, I thought we could take a quick look back at 2024. While the media was filled with lots of negative stories about property, our team managed to snap up many investment grade assets, some of them already showing healthy returns.
Welcome to Inner Circle for December. Market news Perhaps the biggest market news is the sheer amount of stock on the market. As CoreLogic head of research Eliza Owen puts it, “Sydney and Melbourne listings are now tracking 10.4 per cent and 9.1 per cent above their previous five-year averages, to be at their highest level for this time of the year since 2018.”
Welcome to Inner Circle for November. Market news – big Melbourne house rebound. The latest numbers from PropTrack show a big spike in sale prices for Melbourne houses in the month of October.
Welcome to Inner Circle for October. As south east Australia warms up ahead of summer, let’s take a look at what is happening in the real estate world and what it means for you.
Welcome to Inner Circle for September. Spring is here, the football finals and racing carnival are just around the corner, even Melbourne’s weather is looking good.
Welcome to Inner Circle for August. The busy spring market is just around the corner, so let’s take a look at what is happening in the property world.
Welcome to the new financial year. While you’re getting your tax affairs in order and looking to the future, we’ll take a look at the latest property market stats and how some of our clients are making the most of real estate opportunities.
Market News. The release of property data for May 2024 confirms property remains a solid investment despite the cost of living increases and higher interest rates than we’ve seen over the last decade. CoreLogic’s numbers show a resilient national market, with Perth and Brisbane accelerating, and Sydney regaining ground lost in the great interest rates hike. Melbourne, Canberra and Hobart remain in the slow lane for now.
Market News. Over the last 12 months, Sydney recorded growth of 8.7%, Melbourne 2.8% while Perth was the standout with growth of 21.1%. Across Australia, the lower value range of the market is recording stronger growth than the top quartile. Regional city prices are now growing with centres like Albury-Wodonga, Geelong and Ballarat performing well.
Market News. After being led by the upper quartile most of last year, the strongest growth conditions have migrated to the lower quartile in Melbourne, Sydney and most capital cities. Across all capital cities, lower quartile home values increased 3.1% in the first quarter of this year compared with a 0.7% rise across the upper quartile. We’re also starting to see some rebound in regional city prices. Geelong’s middle and upper price levels in particular are showing some strong results this autumn.
Market News. According to PropTrack, Melbourne home prices rose 0.3% in in February taking the metro’s median home price to $797,000. From Property Mavens perspective, that makes Melbourne a red-hot favourite to lead growth in 2024, especially towards the end of the year. With inflation already down to its level of 2021, investors are betting interest rates are likely to fall in the second half of the year and are coming back into the market in force.