In this edition
National property market - record high
Perth on investor's radar
Australian Housing Upswing
Interest Rates 2024 - Big four banks forecast
Proptrack Home Price Index results - November 2023
National property market - record high
Amid a surging property market nearing record highs, and listings scarce, investors are navigating a challenging yet promising landscape. With prices consistently climbing and rental markets tightening, the strategic investor stands to capitalize on Australia's robust property demand and looming growth forecasts.
Perth on investor's radar
Perth's property market is soaring, with a median house value of $646,700 and listings at a 30-year low. As competition spikes, the city also leads in international business traveler growth, adding to the unprecedented demand in an already tight market..
Australian housing market upswing
News from Australia's housing market: CoreLogic's latest data reveals significant value increases in most house and unit markets nationwide. Despite challenging economic conditions, cities like Sydney, Melbourne, and Brisbane show diverse and resilient market trends - but Perth is leading the way.
Let's dive into what this means for Australia's real estate landscape.
Interest Rates 2024 - Big four banks forecast
In our May newsletter I referred to the reliability of the yield curve in forecasting where official cash rates are heading - and that would be down in 2024. This continues to be the expectations of the big four banks...
CBA - Peak of 4.35% in November 2023, then dropping to 2.85% by May 2025
Westpac - Peak of 4.35% in November 2023, then dropping to 2.85% by December 2025
NAB - Peak of 4.60% by February 2024, then dropping to 3.10% by Feb 2026
ANZ - Peak of 4.35% in November 2023, then dropping to 3.35% by June 2025
Proptrack Home Price Index results - November 2023
This month's price index figures show Perth continues to grow well ahead of the pack with house price growth now at 12.76% for the past 12 months.
Comments