June Your Empire Market Report

What are the key takeaway tips?

The market is on the run, driven by the under-supply.

Sydney has increased 4.5% in the last 3 months, with Melbourne +0.9% and Brisbane 1.4% also recovering strongly.

It is important to note that the market has seen 3-4 months of positive growth.

It is not too late to get into the market with RBA increasing interest rates by .25 essential points for the cash rate, now is a good time to buy.

The lift in HVI, from the flat February -0.1% has been most evident across the blue-chip suburbs in the market, +2.0% in March, and the upper quartile of the Sydney unit market also followed this trend and was + 1.4% for the month.

Here are the HVI in order from best - lowest performers from the Capital Cities for Median Dwelling Value (MDV)

Sydney +1.4% MDV - $1,014,393

Melbourne +0.6 % MDV - $747,322

Perth +0.5% MDV - $567,111

Brisbane +0.1+ MDV - $698,071

Adelaide -0.1 MDV - $645,721

Darwin -0.4 MDV - $492,465

Canberra -0.5 MDV - $828,175

Hobart -0.9 MDV - $650,689

Your Empire Property Market Update March 2023.

THE EXPATRIATE Property Specialist, Lauren Staley Infolio Property Melbourne, Chris Gray Your Empire Sydney, Zoran Solano, and Hot Property Buyers Agency Brisbane share insider market updates and tips for buyers and vendors in their YouTube Video with us. Here are there key points below;

CoreLogic Home Value Index (HVI) February 2023 - Have we hit the bottom?

CoreLogic’s Home Value Index (HVI) for February recorded a sharp reduction in the rate of decline through February.

Chris Gray from Your Empire Sydney, Lauren Staley from Infolio Melbourne, and Zoran Solano from Hot Property Buyers Agency Brisbane shared their February 2023 Property Market Report.

What does the market feel like in Melbourne?

Lauren said in the Melbourne Bayside area, “It was a slow start to the year with low lock levels, only the leftover stock still on the market that will probably need a price adjustment. An auctioneer says they were only two Auctions in their area booked for February.” However, there if hope for buyers, many potential sellers in Melbourne are obtaining property appraisals and predicting the quality stock will return to the market from March onwards.

CoreLogic Australia Home Value Index (HVI) recorded its lowest fall in property prices since June 2022. The national HVI average recorded was -1.0% for January 2023.

“The quarterly trend in housing values is clearly pointing to a reduction

in the pace of decline across most regions, however at -1.0% over the

month and -3.2% over the rolling quarter, national housing values are

still falling quite rapidly compared to previous downturns”

The Housing Value Index (HVI) weakened with CoreLogic’s national Home Value Index falling -1.1% in December, taking values -5.3% lower over the 2022 calendar year.

Melbourne, Sydney, Adelaide and Darwin all re-acceleration their downward trend led by Sydney -1.4% and Melbourne with a decline of -1.2% fall for the month. The biggest downturn was still in Brisbane, however with a slowing of the dip from -2% in November to -1.5% in December.

Your Empire December Property Market Report

Check out the insights from the three largest capital cities in Australia, Sydney, Chris Gray from Your Empire, Melbourne, Infolio Property from Lauren Staley and Brisbane from Zoran Solano from Hot Property Buyers Agents.

Thank You, Tim Lawless, Executive Research Director from CoreLogic Australia, for the December Market Report.

Tim shares his expert data research of the market and the potentially positive outlook for 2023. The stats show the seven consecutive month decline has slowed. However, there is a chance of a double dip in the market, but with employment at record lows and interest rates looking to peak in early-mid 2023, one might be able to predict a bright outlook for the Third Quarter of 2023.

Property Predictions for 2023 by Chris Gray from Your Empire, THE EXPATRIATE Property Specialist Sydney. You seriously won't believe my predictions for 2023.

However, after I give you mine, I'm going to look at the predictions of one of the most respected property minds in the country.

Our Brisbane Based Property Specialist, Zoran Solano shares a case study with us about a Bargain Buy in the trendy Nundah about 10km North of Brisbane.

Let us take you back…

It was mid-2021 Zoran and the Hot Property Buyers Agency team were searching for a new investment opportunity for one of their repeat clients. The instructions were clear — it didn't matter if the property required renovations or a bit of extra love; the goal was to find a solid property with hidden potential. After searching high and low for the perfect opportunity, they found an absolute cracker.

We have four expert perspectives sharing their opinions about the Australian Property Market. First up from Buyers Agents Chris Gray Your Empire Sydney, Lauren Staley infolio Melbourne, Zoran Solano Hot Property Buyers Agency Brisbane and CoreLogic’s Research Director Asia Pacific Tim Lawless.

CoreLogic Home Value Index (HVI) Report is out, and it has recorded six months of falls for Australia’s residential property market. Here are our six key points below;

National Decline in HVI Has Slowed.

South Australia and Adelaide are showing resilience to the recent interest rate rises as housing affordability becomes the main driver of growth in the current market.

CoreLogic - Tim Lawless, Executive, Research Director, Asia-Pacific, shares his insight on the housing market and what stage of the cycle we are currently in.

October Australian Property Market Update Movie - Your Empire

We caught up with Property Gurus from Sydney, Chris Gray from Your Empire, Melbourne, Lauren Staley from Infolio and from Brisbane, Zoran Solano from Hot Property Buyers Agent; we asked them about their thoughts on the current property market in Australia’s three major capital cities.

We hope you like the 14-minute video about;

1. The recently abolished Queensland Land Tax

2. Is it a buyer’s market or a Sellers's Market? Three expert buyers’ agent views from each of the major Australian Captial Cities.

3. Key steps you can take now to improve your investment property to maximise your return on your property portfolio.

Housing Value declines have eased in September, according to the CoreLogic Home Value Index September report. The spring season saw a national Home Value Index (HVI) decline of -1.4% in September, this shows there is an easing of the rate of decline from a -1.6% fall in August.

Corelogic Auction Clearance Rates

We have the CoreLogic Australia Auction Clearance rates for this week in September. There were 2,190 auctions held across the combined capital cities this week, up from 1,918 over the previous week and 1,672 this time last year making it the busiest auction week since late June. Overall auctions were up from 1672 in 2021 to 2190 in 2022.

Would you Gamble your family Home? How to time the property market.

Before you sell any property, there are serious considerations:

Selling costs, Buying costs, Time, Stress

CoreLogic Australia HVI Recorded its 4th consecutive decline in August. Is it now a buyer’s Market?

“Australian dwelling values fell by -1.3% in July, marking the third consecutive month CoreLogic’s national Home Value Index has fallen. After national dwelling values surged 28.6% through the pandemic growth phase, values are now -2.0% below April’s peak.”

Tim Lawless - CoreLogic Australia