Market Update

With the Federal Election just around the corner on 3 May, there’s been a lot of conversation about what it could mean for the Australian property market, particularly for investors. Both major political parties, Labor and Liberal, have confirmed they’ll keep the current negative gearing and capital gains tax (CGT) settings in place. This brings a sense of relief to those who have been uncertain...

Everywhere you turn, you’ll hear one message: Buy now, prices are going up. Hold, your property will be worth more next year. Wait it out, rates will come down and buyers will flood back in. But here’s a question we don’t ask often enough: What if this obsession with timing the “perfect” market is stopping you from making the move you actually want to make? The Reserve Bank...

If you're looking to enter the Australian property market in 2025, staying informed about local real estate trends is more important than ever. A mix of economic uncertainty, low unemployment, labour shortages, anticipated interest rate cuts, and an upcoming federal election will all play a role in shaping the market. At the end of 2024, headlines focused on a 0.1% decline in home values in...

In December, Perth’s median house price climbed to $740,000, reflecting a 1.7% increase from November and a 23.3% rise compared to December 2023. Median unit prices also saw an uplift, growing by 2.1% for the month and 20% year-on-year, reaching $495,000. While price growth has slowed slightly, Perth’s market fundamentals remain robust. Strong population growth of 2.8% (to June 2024), low...

As of 1 January 2025, all Australian residents selling property must obtain a clearance certificate from the Australian Taxation Office (ATO) to avoid having 15% of the sale price withheld. This change stems from updates to the Foreign Resident Capital Gains Withholding (FRCGW) legislation, which ensures foreign residents meet their capital gains tax obligations before sale proceeds leave...

Despite broader economic challenges, Perth’s real estate market continues to thrive, offering great opportunities for buyers, sellers, and investors alike. As we close out 2024, the market has demonstrated impressive resilience, with strong buyer optimism and low property availability driving prices higher consistently over the past 16 months. Perth's home values increased by 2% in June 2024,...

As 2024 draws to a close, it’s time to reflect on what has been a dynamic and resilient year for the Perth property market. Despite economic challenges and shifting market conditions, Perth has proven its strength, delivering steady growth and strong buyer interest throughout the year. Market Highlights Consistent Price Growth: Perth saw consistent home value increases, with the market rising...

Building wealth through property is a well-established financial principle, and the latest survey from industry researcher CoreLogic underlines the validity of this belief. Homes selling in the June quarter delivered an average profit of $285,000 to the seller, according to the latest CoreLogic figures. Whether you're a professional investor or the owner of a home, this is a substantial...

Australian values continued their incredible run of growth, notching up the 21st month in a row that deal sizes have risen. And this winning streak came despite the first dip since January 2023 in the bellwether market of Sydney, which declined a miniscule 0.1% in the latest Home Value Index published by CoreLogic. The affordable end of the market is bolstering average prices, according to...

Continual media coverage of property prices and interest rates highlights the importance of our homes as a cornerstone of personal wealth. At times, it can feel as though every market fluctuation is put under a spotlight, leaving many of us questioning the true investment value of property. However, new data reinforces why so many Australians see property as a fundamental asset for building...