Harpinder Singh’s Post

Melbourne's housing market has performed poorly since the onset of the pandemic, pushing its home values 33.1 percent lower than Sydney's—the widest gap since October 2000 and well below the 19.7 percent average difference over the past 20 years, according to CoreLogic. Melbourne's dwelling values are now 8.8 percent cheaper than Brisbane's, the first time such a discount has been recorded since the series started 30 years ago. Historically, Melbourne's home values had been higher by an average of 13.7 percent over the past two decades. Meanwhile, the city's property values have fallen 10.8 percent below the combined capital city benchmark, the lowest since 2007. Perth's home values are just 3.4 percent away from matching Melbourne's prices, while Adelaide only needs to rise by more than 2 percent to overtake Melbourne. Over the past 20 years, Melbourne property prices have been stronger by 14.6 percent compared to Perth and 31.4 percent higher than Adelaide. Given this context, Melbourne's undervalued housing market could become more attractive to investors compared to other capital cities.

Brisbane's housing market is expected to stabilize after a period of rapid growth. By mid-2025, the median house price is projected to be around $819,000. Rental markets, particularly in units, will remain tight due to migration and supply issues, with rents potentially rising by 19% Stay informed about the latest trends and developments in our industry https://lnkd.in/gyF-RH8t

Why Melbourne Could Lead the Housing Market Recovery? Melbourne's housing market is poised for a strong recovery as interest rates drop, thanks to improved affordability and rising rental yields. Despite recent declines, experts like AMP's Shane Oliver believe Melbourne’s extended period of underperformance sets the stage for a robust rebound. Suburbs like Brunswick West have already seen value increases, and undervalued areas like Footscray and St Kilda East show promise. While the exact timing is off course uncertain, Melbourne’s market, with its potential for long-term growth and investor appeal, could outshine other Australian cities in the upcoming housing market cycle.

🏡🌍 Why is the Australian housing market worse than our overseas peers? 📰 Experts say that while building more homes is part of the solution, there are other measures that could bring property prices down. 🏘️ According to a recent article on The Sydney Morning Herald, the Australian housing market is facing unique challenges that set it apart from other countries. 🇦🇺🌏 The article explores the reasons behind this and offers insights from experts. To delve deeper into this topic, click the link below to read the full story: 👉 [Read More](https://lnkd.in/gyvinSAg) 👈 Stay informed about the latest real estate news by connecting with us. 📲💼 #RealEstateNews #PropertyMarket #AustralianHousingMarket #ConnectForUpdates

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv

Increases in housing prices are showing signs of easing in some States, but not in WA. While three capital cities, Melbourne, Hobart and Darwin, recorded slight falls in growth last month, Perth’s home values increased a further 2% in July - the highest of any other Australian capital city. The latest CoreLogic research says Perth is likely to continue to experience a solid rate of growth, because houses are still relatively affordable compared to other capitals and supply of available housing remains very low. The number of homes for sale in Perth, Adelaide and Brisbane have fallen more than 40% below the average for this time of year. For more details: https://bit.ly/3A78ccv