Lauren Staley’s insight on the recently released “Victorian Housing Statement. The decade ahead-2024-2034.”

Thank You, Tim Lawless, CoreLogic Australia Executive Research Director, Asia-Pacific, for diligently compiling the comprehensive and insightful September 2023 Property Report. This report presents valuable information as the latest Housing Market Update across Australia. By leveraging the housing and economic data derived from the CoreLogic Hedonic Home Value Index for August, released in September 2023, we can understand the current state of the Australian housing market.

Competitive auctions are back, but not for all Melbourne properties.

We a property it at approximately $3.45 million, possibly even $3.5 million, amid competition. To our surprise, the bidding war concluded at a remarkable $4.3 million, leaving the vendor thrilled and neighbouring property owners reevaluating their price expectations.

Off Market V On Market Property Pros and Cons

When venturing into the captivating world of real estate, it's common to come across the term "off-market property." Its mere mention conjures images of hidden treasures and secret deals, promising the possibility of snatching up the best real estate opportunities. But what lies behind this veiled concept? Is it truly synonymous with securing the ultimate deal, or is it nothing more than an illusion?

CoreLogic AU - HVI +0.7 August 2023 Growth Easing in Regions, SYD - New Listings Rising.

Finally, buyers have some stock returning to the market, with growth in Sydney’s stock level is up +18%. Regions are also experiencing an easing in HVI as new listings are rising. The nation experienced its 5th consecutive growth month in CoreLogic Australia Home Value Index HVI on August 1st, with dwelling prices increasing nationally by +0.7%, with Cities recording +0.8%, and regional growth slowing to+0.2%.

A dormant market with signs of a strong spring selling season.

Lauren Staley, Managing Director of Infolio Property Advisors, shares her insights about the upcoming Spring Market.

Your Empire July Property Update YouTube Video, hosted by Lauren Staley, Managing Director Infolio Property Advisors in Melbourne, with guests Chris Gray from Your Empire in Sydney and Zoran Solano from Hot Property Buyers Agency Brisbane.

Thank You, Tim Lawless and Eliza Owens CoreLogic Australia, for sharing the HVI and Quarterly Rental Review with us. Here are the key takeaways;

1. Fourth Month of increases with Sydney leading the way, all other capital cities recording a positive except for Hobart.

2. Perth peaked in June 2023, REG WA and SA at currently at a cynical peak.

3. Historically low stock levels, -26.4%, meaning the market has shifted to a vendors market.

4. National Auction Clearance Rates average above 70%

5. Net migration anticipated at 400,000 puts pressure on rental markets.

6. New construction completions slightly ease rental availability from 1.1% to 1.2%.

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.