CoreLogic Home Value Index (HVI) released October 1st 2024.

Thank you, CoreLogic Australia, for sharing the Home Value Index September housing market results with the expatriate community. The HVI reported that Australian home values increased by 0.4% in the first month of spring, similar to the changes of 0.3% in July and August as the market slows down.

1. Perth +1.6% Regional WA +1.8%

2. Adelaide +1.3% Regional SA +1.1%

3. Brisbane +0.9% Regional QLD +0.7%

4. Sydney + 0.2% and Regional NSW +0.2%

5. Melbourne -0.1% Regional VIC -0.2%

6. Darwin -0.1%

7. Canberra -0.3%

8. Hobart -0.4% Regional TAS -0.2

Is the Australian rental boom ending?

The latest CoreLogic Australia Property Pulse data indicates the rental boom is ending. Rental demand weakened in July and August due to lower demand from reduced migration and affordability issues, which caused changes in household formation. New building developments and Investor activity also increased, helping to ease the pressure on rents.

Infolio, Spring Property Update by Lauren Staley.

So, what is the key to success in a buyer’s market?

If you want to make a smart purchase, it boils down to one essential skill: negotiation. While that might sound simple, you need to remember that real estate agents are seasoned negotiators—they do this all day, every day. Their job is to secure the best possible price for the seller, so having strong negotiation skills or employing a professional buyer’s advocate is critical to ensure you're getting the best deal possible.

Living Luxe Life, Christine Mount talks to Noosa local and founder/publisher at Sunday Press, Jonette Wilton. 🌴🏖️

Join us as Jonette, the winner of the prestigious Gourmand for Best Fundraising Book in Asia 2022 and second place for the Best Cook Book in the World 2022, shares her incredible journey as a female entrepreneur, highlighting resilience and adaptability during challenging times of change.

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.

Director of Luxe Coastal Property Buyer Christine Mount and Director and Auctioneer Raywhite Mooloolaba Brett Higgins unpack many of the myths of the Australian Property Market.

In this episode, Christine Mount & Brent Higgins from Ray White, Mooloolaba & Kawana delve into some of the most commonly held real estate myths and misconceptions that can significantly influence buying and selling decisions, offering insights to help navigate the complex landscape of property investment.

Why is it hard to value a property?

Valuing property in today's market is extremely challenging, even for real estate agents, who are sometimes accused of underquoting. So, is it underquoting? We would argue it isn't. Rather, it's the result of undersupply and high demand in certain market pockets. For instance, last week in Surrey Hills, a property with a quoted range of $2,000,000 to $2,200,000 saw a heated auction with over 20 bids, ultimately selling for $2,737,000. While the property sold well above the quoted range, the real estate agent wasn’t intentionally underquoting;

Cut through all the hype surrounding the housing market, and ensure you are well-informed before you go house hunting this weekend. Discover the Peaks and the Troughs of each capital city’s real estate landscape before you embark on your house-hunting journey with the latest information and explore how much stock is currently available in your chosen capital city, if there is vendor discounting to put you in the best possible position when purchasing or selling your next property. You can find this invaluable information conveniently compiled in the easy-to-follow CoreLogic Australia Media pack, which can greatly aid your decision-making process and help you make smart decisions. The media includes the following data:

• 3 Month Rolling Averages for each capital city, with housing cycles.

• Sales Volumes for each Annual transaction

• Median days on the market

• Vendor Discounting

• Listings in each region and why it is putting pressure on or discounting prices.

• Weekly auction clearance rates.

• Rental markets and Rental Yields.

• Dwelling Housing approvals

• Finance and lending, including investor lending and first home buyers, housing credit

• Chart of the month.

Introducing Christine Mount, Luxe Coastal Property Buyers, Noosa and Sunshine Coast’s premiere buyers’ agent.

We are excited to introduce our newest contributor, Christine Mount, our Sunshine Coast Property Specialist from Luxe Coastal Property Buyers, Noosa's and Sunshine Coast Premier Buyers agent. Christine and her team have 30 years of experience and local knowledge in the Sunshine Coast Region. She has a deep, heartfelt love for her community, Noosa, and the Sunshine Coast, which shines through her podcasts Living Your Luxe Life.

Chris Gray from Your Empire Sydney, Zoran Solano from Hot Property Buyers Agency Brisbane, and Lauren Staley from Infolio Property Advisors in Melbourne share their valuable key insights on the Australian Property Market Update for July 2024 and share their opinion on the latest CoreLogic HVI July 2024 Data. They delve deep into various crucial topics, providing a comprehensive overview for those seeking to stay informed about the current trends and developments in the real estate landscape. The YouTube video covers the following topics:

• The best way to present yourself for a home loan is by working with your mortgage broker.

• How to hold onto your investment property through the cost of living crisis

• Southern state buyers are moving to South East Queensland (SEQ), Gold Coast, Brisbane, and Sunshine Coast, where there is fantastic value for like-to-like property.

• Growth plateauing in SEQ

• Beware of inexperienced buyer agents. If you are looking for a buyer’s agent, ask the following questions;

  • What is your experience, and how long have you been in the industry?

  • Who are your contacts? What is your feed process like?

  • Can I see your referrals?

  • Vendors dealing directly with a buyers agent? What do the experts think?

• CoreLogic HVI Report, be mindful that it is the area average and not reflective of the blue-chip areas.

Thank you, CoreLogic, for sharing your Home Value Index Report with our community. The key points from the report are below.

Australian house prices rose by 0.7% in June, totalling an 8% increase for FY2023-24. This equals a $59,000 rise to a typical house price of $794,000. The yearly increase sharply differs from the -2% fall in FY2022-23. In that period, values dropped by 7.5% nine months after May 2022 due to higher cash rates. Despite the yearly increase, growth rates have slowed since mid-2023, with the recent June quarter seeing a 1.8% increase, similar to last year's March and December quarters. Here is the monthly change for each capital city and regional area;

• Sydney +0.5% and REG NSW +0.3%

• Melbourne -0.2% and REG VIC -0.3%

• Brisbane +1.2% and REG QLD +1.0%

• Adelaide +1.7% and REG SA +1.3%

• Perth +2.0% and REG WA +1.5%

• Hobart +0.1% and REG TAS +0.7%

• Darwin 0.0% NA

• Canberra +0.3%

Why is the ‘quoted range’ changing?

We have observed an increase in properties where the initial quoted price starts significantly below the property's actual value. As the marketing campaign progresses, the price gradually increases, ultimately selling for an amount well above the original price. Agents are struggling to confidently assess property values due to significant and seemingly inexplicable discrepancies in results. This uncertainty has made them hesitant. As a result, they initially set lower prices to attract potential buyers and then increase the prices once they feel more confident about market expectations. Below are three recent examples.

We have received the CoreLogic April 2023 Home Value Index Report, which contains valuable information about the current state of the property market. Despite the impact of high interest rates and inflation, housing values increased by 0.6% in April. This is mainly due to a persistent low supply in the market. The April Home Value Index (HVI) by CoreLogic provides essential insights for those closely monitoring property market trends and key insights from CoreLogic Oceanic Research Director Tim Lawless. This is what he has to say about the latest HVI data.

Property Market Insights April 2024:

Thank you to THE EXPATRIATE Presenters: Lauren Staley (Melbourne) Infolio Buyers Agency, Chris Gray (Sydney Your Empire), and Zoran Solano (Brisbane) Hot Property Buyers Agency for putting together this fantastic YouTube Movie to help you through all the hype about the Australian Property Market to help you make informed decisions about purchasing, investing or selling property in Australia. In the video, the specialist will cover the following topics and offer the following tips, insights, market trends, opportunities and strategies for you to consider;

“Money is made in the buying,” says Lauren Staley, from Infolio Propertyn Advisors.

Investing in property isn't about timing the market; it is about buying well. This doesn't merely imply snagging a property at a bargain price; it's about securing the right property for a fair price. The money is made in the buying. Seek sound advice, commit to your investment, and focus on quality acquisitions. Follow this process, and you will achieve success.

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.

Pre-Market Offers Are On The Rise.

The 2024 property market has officially launched and ramped up, boasting a significant influx of new property listings. A notable agent in the Bayside area has shared that they've secured over 30 new listings, marking this year's start as their busiest ever.