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.
Auction volumes set to fall more than 30% across the combined capital cities amid public holidays There are 1,773 homes scheduled for auction across the combined capital cities this week, down -33.5% on last week when 2,665 auctions were held. The lower volumes are largely attributed to the Labour Day long weekend in Victoria, along.
Billions will be invested in the next decade to capture the potential of SA. JLL managing director and head of capital markets SA Ben Parkinson unpacks the opportunities. Mar 07, 2024 Last month, for the first time South Australia was nominated by the latest CommSec State of the States report (January 2024) as the state with the best.
When selling your house, presenting it in the best possible light will improve your chances of securing a high sale price. You may need to step back and take a long, hard look at how your home might look to other people. This can be difficult. You may like that patterned wallpaper, have fond memories.
The strong run of auction results continued to play out last week with a preliminary capital city clearance rate of 73.5%, although the early success rate has shown a subtle fade over the past two weeks, down from 76.2% over the week ending February 11th. Capital City Auction Statistics (Preliminary) The relatively high clearance rates.
Adelaide’s economy was predicted to tank after car manufacturing ceased. The city has instead seen a successful pivot to a more diverse and vibrant economy. The Adelaide property market remains among the most affordable in the country. Buyers are constantly overlooking one of the best markets in Australia to invest in, despite its affordable prices.
Just under half of all capital city auctions are set to take place in Melbourne this week (49.5%) There are 2,840 homes set to go under the hammer across the combined capital cities this week, with just under half of these auctions taking place in Melbourne. This week’s auction volumes are up 35.8% from last.