The latest CoreLogic HVI April report highlights the remarkable resilience of the Australian property market; potential buyers are showing no signs of being deterred by interest rates as they continue to enter the market. The data from March (+0.6%) reveals an exceptional 14 months of continuous growth, bouncing back from the decline of -7.5% experienced between April 2022 and January 2023. Australia’s Property Home Value Index (HVI) has surged by 10.2%, which is equivalent to a substantial increase of around $71,832, setting new record highs consistently since November of the previous year. It is worth noting that all capital cities, except Darwin, experienced growth. Darwin experienced a slight decline of -0.2%.

Exploring the Australian Property Market: March 2024 Reports

In the dynamic landscape of the Australian property market, staying informed is crucial. Delve into the latest insights and statistics with our two exclusive Property Market Reports for March 2024.

Gain valuable perspectives as we present the data from CoreLogic Australia alongside firsthand views from our property specialists based in Sydney, Melbourne, and Brisbane. Stay ahead of the trends and make informed decisions as we dissect the intricacies of the current property market in Australia.

TE “Cheat Notes” from the CoreLogic HVI March 2024.

Housing values recorded a subtle re-acceleration in February as sentiment improved. The month saw a broad-based rise in housing values, reflected positively in CoreLogic's national Home Value Index (HVI) with a 0.6% increase. This upturn signals a potential shift in the real estate landscape for the better.

CoreLogic Property Pulse Report is out - The Gap widens between house and unit values

Factors like land value, scarcity, and the need for more space during the pandemic have caused house prices to increase much more than unit prices in the last four years. Fast forward almost four years later to March 2024, and that premium has jumped to 45.2% or $293,950.

CoreLogic HVI 1st December 2023

Thank you, CoreLogic Australia, for sharing your Home Value Index (HVI) report from the 1st of December that offers insights on the Australia Property Market for November with us. In the report, the HVI rose 0.6%, the smallest monthly gain since the upswing in February 2023. Is this the first sign of a double dip after the November Interest rate Rise? Or is it a sign that, finally, there is more stock on the market, and in some capital cities, it is becoming a buyers ’ market? Let’s take a look at the stats.

Thank you, CoreLogic, for sharing your national Home Value Index (HVI) report and key insights on the Australian Housing market with our community.

The 1st November report recorded that the national HVI rose a further 0.9% in October, accelerating from a 0.7% rise in September (revised down from 0.8%).

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.

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.