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. 

Cameron Porter, from Porters House Buyers Agency, joins the TE Team.

Cameron brings a wealth of knowledge and expertise, spanning over 20 years of experience in the property market. He is an industry leader, enabling him to navigate the complexities of buying and selling properties with a focus on securing the best possible deal for his clients. Cameron deeply understands property investment and the intricacies of purchasing for Australian expats.