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Price trends are unlikely to be straightforward in 2024, even if the RBA’s next move is a rate reduction.
CAPITAL GROWTH
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Home sellers in some of Sydney’s more desirable suburbs amassed more than $1 million gross profits on average in the September quarter
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After a strong year, property price growth looks to be slowing in Sydney and Melbourne, but Brisbane and Perth could be set for a big 2024.
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New data shows the Greater Sydney suburbs where property prices rose most.
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Experts have been left shocked by what is happening to house prices across Australia, and they have given a bleak warning.
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REIWA CEO Cath Hart said demand for established homes will remain strong following the release of the latest population data.
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Despite claims Daniel Andrews is “hell bent on discouraging” property investors, a real estate guru has named the City of Melbourne the best place to buy.
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House prices have doubled in less than 10 years in Sydney and Hobart.
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Alphington, in the city’s leafy northeast, had a spike in its median house price in the five years to March, up 65.2 per cent to $1,975,000.
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The average home buyer can afford to purchase in fewer Sydney suburbs than a year ago, despite sharp property price falls since.
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On the surface it would appears to be the perfect storm for property investors.
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More Adelaide properties have dropped in value over the last six months according to a new study, although the city’s inner-ring suburbs show strong growth.
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