November 2024 Property update with Cameron Porter from Porters House Buyers Agency.

In the update, Cameron discusses the following topics;

• International stock market response to the US Election.

• Australian Property Market overview, and key movements in the capital cities.

• Is the market becoming a buyer’s market?

• Rental Growth Slowing

• Potential Capital Gains Tax (CGT) and Negative Gearing Changes.

• Government progress regarding to the five-year plan to build 1.2 million homes

• Recent Reserve Bank of Australia’s (RBA) decision.

October 2024 Property update. “Australian property market reaches $11 trillion as national price growth slows.” CoreLogic Australia.

Our Sydney and Northern Beaches Property Specialist Cameron Porter, from Porter House Buyers Agency, has unpacked the latest data from CoreLogic Australia in a YouTube Video for THE EXPATRIATE Community. Here are the key takeaways;

• The Australian residential property market reached a record $11 Trillion in September.

• The annual pace of growth has slowed to 6.7% for the past 12 months, down from the high of 9.7% in the 12 months to March.

• Sydney, Brisbane, Adelaide, and Perth dwelling values are currently high. Perth had the highest monthly, quarterly, and annual dwelling value increase, while Adelaide has overtaken Brisbane as the second-strongest capital city market nationally.

• In September, Sydney increased by 0.2%, Brisbane by 0.9%, and Perth by 1.6%. Melbourne is continuing to fall.