Market Update | 16 & 17 November 2024
Auction activity continued to ramp up over October, with the weekly auction count by CoreLogic exceeding the 3,000 mark across the country for the second time this year, over the week ending 27 October. Home Prices Staging a Comeback: Home prices across the country have hit a record high in October, new data shows, with most capital...
Jeremy Desmier in Market Updates
Market Update | 9 & 10 November 2024
As we come to the end of the year and start to consider what the 2025 property market will look like, it is pleasing to see that home prices across the country hit a record high in October. Auction numbers have once again increased, after the Melbourne Cup public holiday saw many Victorians enjoy an extra-long weekend. Median House Prices...
Jeremy Desmier in Market Updates
Market Update | 2 & 3 November 2024
The race that stops a nation has come and gone, and now we’re enjoying the last month of the Spring selling season before the lead up to Christmas. Interest Rates on Hold: The Reserve Bank of Australia (RBA) left interest rates steady at 4.35% once again, for the eighth meeting in a row. Whilst the inflation rate has trimmed down to...
Jeremy Desmier in Market Updates
Market Update | 26 & 27 October 2024
With one month remaining in Melbourne’s Spring market, prospective buyers continue to be spoilt for choice with over 1,600 auctions held across the state over the weekend. We’ll consider the property market forecast for 2025 in this update, as well as the wrap on the auction weekend that was! Melbourne Property Market Forecast for...
Jeremy Desmier in Market Updates
Market Update | 19 & 20 October 2024
Another busy week in real estate has gone by, as 2024 continues to fly by! Victorian suburbs with home prices tipped to grow Melbourne suburbs tipped for a population-driven home price recovery in 2025 include Keilor East, St Kilda East, Glen Waverley, Altona North and Spring Gully in Bendigo. The head of one of Australia’s largest...
Jeremy Desmier in Market Updates
Market Update | 12 & 13 October 2024
We were treated to stunning Spring weather and strong auction results on another busy auction weekend, and plenty of property news across Melbourne. Melbourne Home Price Gains Prices are on the move in 95 Melbourne suburbs according to PropTrack, and 58 of them are home to typical price tags below $1 million. Lyndhurst in the city's...
Jeremy Desmier in Market Updates
Market Update | 5 & 6 October 2024
We’re halfway through the Spring selling season and there is plenty of activity in the market with the end of school holidays. Impact of rate cuts on Victorian home prices The REA Group reports that house prices are set to surge upwards of $10,000 in the space of a month in 188 Victorian suburbs and towns when interest rates are cut...
Jeremy Desmier in Market Updates
Market Update | 28 & 29 September 2024
The last auction weekend of September was a quiet one, due to the AFL Grand Final and school holidays. Numbers will pick up again next weekend and in the meantime, there is still plenty of news happening in the real estate industry! US interest rate cuts - will Australia be next? The US Federal Reserve has voted to lower interest rates by...
Jeremy Desmier in Market Updates
Market Update | 21 & 22 September 2024
As the Spring selling season warms up and national home prices increasing, we've got our eye on the market and bring you all of the latest news in real estate! Number of 1st home buyers hits highest number in nearly two years Victoria's first-home buyer numbers have recovered to their highest level since 2022. Recently released...
Jeremy Desmier in Market Updates
Market Update | 14 & 15 September 2024
As we move further into the Spring selling season, it will become increasingly important for seller's homes to stand out, particularly as there are a lot of properties still to hit the market. PropTrack economist Anne Flaherty said Melbourne's property market was showing resilience at the moment, but warned that even if auction...
Jeremy Desmier in Market Updates
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A Home for Modern Children November 19thIn today's fast-paced, hyper-connected world, the age-old adage "There's no place like home" holds...
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Market Update | 16 & 17 November 2024 November 19thAuction activity continued to ramp up over October, with the weekly auction count by CoreLogic exceeding the 3,000 mark...