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More vendors sold at a profit in the March quarter although the size of their windfall gain shrank amid the seasonal decline in sales, CoreLogic’s latest Pain and Gain report shows. The proportion of profit-making residential sales ballooned to 94.3 per cent nationwide, the highest level of profitability in 14 years, boosted by the persistent increases in home values, which outweighed weakness in the economy and higher mortgage rates. More than 80,000 vendors raked in a total of $28.5 billion gross profits. However, this was lower than the $30.6 billion recorded in the December

Homeowners in key suburbs could pocket more than $200,000 in equity gains over the next year alone if recent trends continue, analysis of new price modelling has revealed. Multiple homeowners across the country could see another $200,000 or more added to their net worth next year if recent trends in the housing market are repeated. PropTrack analysis recently modelled what home values would be if growth from the last five years was replicated, showing properties could be worth double what they are now in some areas. PropTrack noted that the

In today’s Pulse, Tim Lawless analyses the increasing vendor and buyer activity nationwide. As we approach the cooler winter months the flow of new listings coming to market is slowing, but tracking well above the previous five-year average. Over the past four weeks CoreLogic tracked 38,258 freshly advertised properties, almost 18% more than at the same time last year and 7.7% above the previous five year average. The above average level of vendor activity may be tied to the previous dearth of listings as vendors sat on their hands during

The PropTrack Home Price Index shows national home prices have cycled through 16 months of consecutive growth after lifting 0.23% to hit a new record in April. Prices are now 6.60% above April 2023 levels. Strong population growth, tight rental markets, low unemployment, and home equity gains are stimulating housing demand. Meanwhile, the supply side of the housing market has fallen short in responding to substantial demand and building activity is at decade low levels, exacerbating the housing supply shortage. This imbalance between supply and demand is offsetting the higher

Japanese investment in Australian real estate surged last year to a record $2 billion as this country’s housing crisis draws a new wave of investors wanting to put their capital and skills to work. Of the 53 deals in various sectors involving Japanese investors last year, 13 were property transactions – up from six a year earlier – Herbert Smith Freehills’ (HSF’s) Japan-Australia Investment Report 2023 shows. Decisions such as the NSW Minns government’s plan to boost housing density around 39 transport hubs in Sydney – expanded to 45 on Friday – and build

Adelaide’s median property price has soared to a new record that’s nearly $86,000 higher than the figure at this time last year. Adelaide home prices are almost $86,000 higher than they were this time last year following another month of steady growth. Latest PropTrack figures, released on Monday, reveal the city’s median property price climbed 0.31 per cent in March and 13.47 per cent over the past year to a record high of $723,000. That’s up $2234 on the previous month and $85,827 higher compared to March last year. The

Capital City Auction Statistics (Preliminary) The preliminary auction clearance rate held above the 70% mark, coming in at 71.1% across the combined capitals, but down 1.2 percentage points from the previous week’s preliminary clearance rate (72.3% which revised down to 65.8% on the final results). In fact, this was the lowest preliminary clearance rate so far this year, excluding January results which can be volatile due to low auction volume. Melbourne was the main drag on the softer success rate, with a preliminary clearance rate of 63.0%, the lowest early clearance

The Financial Stability Review provides the Bank’s assessment of the current resilience of the financial system and potential risks to financial stability. It is issued half-yearly. The full Financial Stability Review is always worth a read😉 Click the link below to head on over to the RBA website.https://www.rba.gov.au/publications/fsr/2024/mar/

In today’s Pulse, Economist Kaytlin Ezzy delves into the performance of Australia’s housing market, examining values and rents across our capital markets and regional areas. Over the past 12 months, CoreLogic’s Home Value Index has risen 8.9%, adding the equivalent of approximately $63,000 to the national median dwelling value ($765,762) and taking the index to a new all-time high in February. A recent suburb-level analysis using CoreLogic’s interactive Mapping the Market tool found that 88.4% (4,087) of the 4,625 house and unit markets analysed nationally saw values rise over the year. This is up

Perth, Sydney and Adelaide are the most likely markets to outperform in the next 12 months with two out of five property valuers predicting house prices in those cities to increase by up to 10 per cent, a new poll shows. More than three out of five valuers surveyed were also expecting house values to lift nationwide, and two fifths were forecasting as much as 5 per cent increase, CBRE’s inaugural Quarterly Residential Valuations Property Market survey finds. Valuers were also relatively bullish on the apartment sector with 44 per cent predicting prices to increase

Auction volumes set to fall more than 30% across the combined capital cities amid public holidays There are 1,773 homes scheduled for auction across the combined capital cities this week, down -33.5% on last week when 2,665 auctions were held. The lower volumes are largely attributed to the Labour Day long weekend in Victoria, along with public holidays in SA, ACT and Tas this coming Monday. This time last year, 1,280 auctions were held across the combined capitals. There are 958 auctions scheduled in Sydney, up 6.7% on last week (898),

Billions will be invested in the next decade to capture the potential of SA. JLL managing director and head of capital markets SA Ben Parkinson unpacks the opportunities. Mar 07, 2024 Last month, for the first time South Australia was nominated by the latest CommSec State of the States report (January 2024) as the state with the best economy in Australia. South Australia topped the nation in four of the eight key indicators used to measure and rank economic performance among states and territories. We were number one for economic growth, unemployment, construction

When selling your house, presenting it in the best possible light will improve your chances of securing a high sale price. You may need to step back and take a long, hard look at how your home might look to other people. This can be difficult. You may like that patterned wallpaper, have fond memories of marking the changing heights of the children on the architrave, and smile when you look at the the corner of the carpet chewed by the dog. These are things you can live with, but

The strong run of auction results continued to play out last week with a preliminary capital city clearance rate of 73.5%, although the early success rate has shown a subtle fade over the past two weeks, down from 76.2% over the week ending February 11th. Capital City Auction Statistics (Preliminary) The relatively high clearance rates have occurred alongside a consistent rise in auction volumes, with 2,775 auctions held last week; the largest number of auctions so far this year and up 33% on the week prior (2,091) and 14% higher

Adelaide’s economy was predicted to tank after car manufacturing ceased. The city has instead seen a successful pivot to a more diverse and vibrant economy. The Adelaide property market remains among the most affordable in the country. Buyers are constantly overlooking one of the best markets in Australia to invest in, despite its affordable prices and good yields. Weekly asking prices for Adelaide https://sqmresearch.com.au/asking_minimal.php?city=Adelaide Adelaide had some of the best price growth in 2023 and all the fundamentals were in place for further growth in 2024, but for some reason,

Just under half of all capital city auctions are set to take place in Melbourne this week (49.5%) There are 2,840 homes set to go under the hammer across the combined capital cities this week, with just under half of these auctions taking place in Melbourne. This week’s auction volumes are up 35.8% from last week (2,091) and 16.9% higher than this time last year when 2,429 auctions were held across the combined capitals. In Sydney, 1,039 homes are expected to go to auction this week, up 50.4% on last

As the gap widens between house and unit values, we reveal the suburbs with the largest and smallest house premium. Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past four years. At the onset of the pandemic in March 2020, the house premium, or the difference between median capital city house and unit values, was just 16.7%. Fast forward almost four years later, and that premium has jumped to

Auction season continues to ramp up with a significant increase in capital city auction activity Auction activity is set to ramp up significantly this week, with 2,091 homes currently scheduled for auction across the combined capital cities, up 27.3% from last week (1,642) and 13.3% higher than the same week last year (1,846). Across Sydney, 737 homes are expected to go to auction this week, up 13.9% on last week (647) and 7.4% higher than the same week last year (686). Auction activity is set to soar in Melbourne, with 966 homes currently scheduled for auction, up 45.5% from last week (664).

You’ve just sold an investment property for a tidy profit and now you have a big windfall coming your way. It’s a nice problem, but what should you do with that money? Most serious investors will be already looking out for the next property to buy but, in the months before they find that golden goose, it’s wise to “make bank” with those proceeds. “The answer would be to put that money in a term deposit with a bank,” advises Marisa Broome, principal of wealthadvice. “You don’t have the timeframe

Here are the must know stats, facts and figures on Australia’s residential property market. Like capital growth trends, the trend in home sales numbers are diverse from region to region. CoreLogic’s February Housing Chart Pack highlights that sale volumes across Brisbane, Adelaide, Perth, and Darwin currently exceed historic averages.https://e.infogram.com/3fbd6729-413b-4c69-ae8c-14f4f338a1e7?src=embed Other highlights from the CoreLogic Monthly Housing Chart Pack include: The value of residential real estate was an estimated $10.3 trillion at the end of January, which was relatively steady on the previous month. Regional dwelling values are now rising at