Newsletter - Inner Circle January 2024
Inner Circle
Market News
Like many years, 2023 started with predictions of falls in property prices. Also like many years, that didn’t come to pass
Australian house and apartment values had a solid year, increasing by 8.1% nationally over 2023,
according to analysts, CoreLogic.
As you can see below, perennial underperformer Perth turned the tables on an ordinary decade recording
a 15.2% jump in prices.
Down in Hobart, it was the opposite with a second ordinary year in a row after nearly a decade of outperformance.
Melbourne and Sydney saw their midyear growth rates checked but both went on to record growth
for the year.
Melbourne in particular looks well priced to weather any storms in 2024 and achieve growth.
The other issue investors should keep an eye on is rents.
As you can see from the chart here, rents have powered through 2023 and look set to keep
beating inflation in 2024.
In the news.
Yes, you can if you know the rules. Read property veteran Miriam Sandkuhler’s comments in Australian Property Investor Magazine.
Click here to read more: bit.ly/3HdAxOD
Anh and Dung wanted to buy their first home but there was a problem. They both had very busy working lives and were struggling to find the time
After going to auctions where prices exceeded the advertised price and their budget, they engaged Property Mavens.
We developed a plan and after several weeks we were able to secure the right property to suit their needs at auction at price $25,000 within their budget.
We had the pleasure of working with Michael who was exceptional in every aspect. What stood out the most was his patience and his keen ability to listen and understand our specific needs. I would highly recommend his services to anyone looking for a knowledgeable and attentive buyers agent
Joshua and Cherilyn were seeking a cashflow property for their SMSF investment plan, so they engaged us to help.
They wanted a low-maintenance property with the right attributes for capital growth and adding value, along with a strong yield
We were able to successfully purchase this fantastic property in Ballarat, $15,000 under the vendors asking price
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
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