Your Empire April 2024 Property Market Report

Written By Shona Stephenson

Property Market Insights April 2024:

Thank you to THE EXPATRIATE Presenters: Lauren Staley (Melbourne) Infolio Property Advisors , Chris Gray (Sydney Your Empire) and Zoran Solano (Brisbane) Hot Property Buyers Agency for putting together this fantastic YouTube movie to help you through all the hype about the Australian Property Market and to help you make informed decisions about purchasing, investing or selling property in Australia. In the video, the specialist will cover the following topics and offer the following tips, insights, market trends, opportunities and strategies for you to consider;

  • Topics:

    • Checking the CoreLogic Home Value Index Data, SYD +0.3, MEL 0.0 and BNE +1.1%—what does that mean across Australia as median house price growth?

    • Brisbane Auctions and the opportunity to be had in the buying.

    • Melbourne's rental pressure housing market is affected by a large influx of migrants coming to the city.

    • It’s time to get ready for the end of the financial year.

  • Tips

    • Consult an accountant now and be prepared before the financial year-end.

    • Talk to an experienced mortgage broker, who is knowledgeable about financial goals and an expert in working with investment properties.

    • Review your property portfolio and consider adjustments, ensuring you have the right debt on the correct properties.

    • Market Trends: Increased house supply in Spring Selling Season with pressure from interest rates.

    • Strategy: Invest based on market conditions. Always buy when you have the money to buy a property.

  • Opportunity:

    • The current market is favourable for investors, and lower interest rates are expected by the end of the year.

    • Historically, the market goes on a “run” whenever an interest rate drops and potentially, there may be more competition at the end of 2024, and another price of properties may increase.

  • Outlook:

    • Housing shortages are being experienced across major cities, putting upward pressure on rents for investors.

If you have any questions about the video, feel free to reach out to our specialist.

Our specialist mortgage broker, Adam Kingston, is from Australian Expat Finance.

The Expatriate always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.

Shona Stephenson
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