When Could Price PEAK Next.?

25 Jun

With so much lack of clarity right now, the property market continues to seemingly defy the ODDS of GRAVITY. So when could prices PEAK again if this pace of price growth continues.?

New analysis of the Australian property market has revealed that national home prices could return to positive annual growth as early as next month, if the current trajectory continues. The housing market so far, has avoided the steep falls that so many expected.

After 5 months of small, incremental price growth of +0.24% here and +0.31% there, stronger and more stable market conditions are becoming wider-spread in 2023. Housing demand was likely bolstered by the surge in net overseas migration + the ever tightening supply of rental markets as more landlords choose to sell amid rising holding costs, interest rates, land tax and other associated rental property compliances costs rising sharply in recent years.

Given the limited new stock coming to market, buyer interest is being concentrated on the fewer homes available, which is underpinning home prices and offsetting the downward pressure from interest rate rises. Says Lisa Calautti, Senior Property Journalist and market commentator. To READ the FULL ARTICLE, CLICK HERE or HIT the IMAGE below..

This Week C+M Also COVERS:

When Could Prices PEAK Again..
C+M Market Activity & Clearance Rates..
Get your INSTANT Property Price Online.?
Your Suburbs SOLD Results..
Quote of the Week..

C+M Market Activity Past 7 DAYS..

The week's PRE-MARKET and YET to be Photographed homes:

21/12 Surrey St, Pascoe Vale: Low Maintenance Beauty, Coming Soon..
2/3 Churchill St, Glenroy: Cute Villa Unit, Off Market..
3 Cooper St, Broadmeadows: Plans & Permits for 3 side-by-side, Coming Soon..
21 North St, Hadfiled: Brick Beauty, Coming Soon..
83 Victoria St, Oak Park: 2 Story Stunner, Coming Soon..
2/-9 Kiama St, Glenroy: 2 Bed, 2 Bath Home, Coming Soon..
2/62 Cornwall St, Pascoe Vale: Beautiul Townhouse, Coming Soon..
48 OConnor St. Reservoir: Brand New Beauty, Coming Soon..
2B Louise St, Reservoir: New & Gorgeous, Coming Soon..
12 Margaret St, Oak Park: Brick Home, Coming Soon..

The week's NEWEST home to market at C+M Residential:

1/3 Staples Crt, Hadfield: Street Fronter in Cul-de-Sac: $685k - $725k
12 St James St, Hadfield: Plans & Permits For 2 Side-by-Side: $800k - $850k
8 The Loop, Hadfield: Original Beauty In The The Loop Estate: $825k - $905k
4/1 Margaret St, Oak Park: In The Strathmore School Zone: $575k - $625k
2B Cartwright St, Oak Park: Oak Parks Gem: $800k - $850k
82 Mitchell St, Pascoe Vale South: Strathmore School Zone: $850k - $930k

The week's local SOLD results at C+M Residential:

46 Harold St, Glenroy: SOLD @ Private Sale: $995,000
1/115 Bindi St, Glenroy: SOLD @ Private Sale: $520,000
2/28 Stanley St, Glenroy: SOLD @ Auction: $610,000

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Auction STATS:
17th June '23

*preliminary results based on Sundays data from realestate.com.au

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    630
  

    SOLD @ Auction
    This Week
    297
  

    SOLD Prior
    This Week
    110
  

    Clearance Rate
    This Week
    65%
  

    SOLD after Auction
    This Week
    2
  

    Withdrawn
    This Week
    72
  

    Total Scheduled
    This Week
    794
  

    PASSED IN
    This Week
    149
  