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,.
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..
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.
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.
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.
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.
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.
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.
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.