Property Insights | Settlement trends diverged across states in 2024

Posted on 3 February 2025
Source: PEXA Key Findings: Calendar Year 2024 QLD retained the lead for the highest number of property settlements with 198,019 in 2024, followed by NSW (194,729) and VIC (187,944).   Property purchases in 2024, 17.3% higher than in 2023. This increase in aggregate value came despite declining or stagnating property prices in some capital cities during 2024.  The annual total number of settlements in 2024 was 13.2% less than the COVID-related peak in activi...
 

National home values record first decline in almost two years

Posted on 8 January 2025
Source: CoreLogic CoreLogic’s Home Value Index (HVI) ended the year on a negative note, with values down -0.1% nationally over the month after peaking in October and holding flat in November. CoreLogic’s research director, Tim Lawless, said the decline in values is no surprise. “This result represents the housing market catching up with the reality of market dynamics.” “Growth in housing values has been consistently weakening through the second half of the 20...
 

Right to light: Application for the extinguishment of an easement for the access and enjoyment of light and air is dismissed

Posted on 16 December 2024
Source: Colin Biggers & Paisley Lawyers By Ian Wright, Nadia Czachor, Krystal Cunningham-Foran and Matt Richards
An application for the extinguishment of an easement providing for the access and enjoyment of light and air is dismissed because of the practical benefits to the benefitted property and any injury suffered by its extinguishment could not be adequately compensated. In brief The case of Litfin v Wenck [2024] QSC 170 concerned an application to the Supreme Court of Queensla...
 

Queensland real estatesteadies, but set to'Spring'

Posted on 3 December 2024
Source: REIQ Queensland’s rapidly rising residential property prices stabilised over the September 2024 quarter (July –September 2024), as a wave of Spring sales began settling. The latest median sales results released by the Real Estate Institute of Queensland (REIQ) today,reveals a modest 0.26% increase in Queensland’s median house prices for the quarter, lifting to$772,000. While annual house price growth remains impressive across the state, some regions saw slight qua...
 

The High Court has made its decision – who is entitled to compensation?

Posted on 27 November 2024
Source: www.bartier.com.au With a legislative history spanning just under two years, the decision of the NSW Court of Appeal in Olde English Tiles Pty Ltd v Transport for New South Wales has divided both the public and legal practitioners. So it comes as no surprise that the Applicant applied for special leave to the High Court of Australia. Interested parties have been eagerly waiting to see the High Court’s decision. The power of five words - “special is refused with...
 

Key insights on Australia’s housing market and valuation trends for 2025

Posted on 26 November 2024
Source: CoreLogic Valuation volumes throughout 2024 have been stable, supported by steady demand in the Australian housing market. However, as the market starts to turn with softening conditions and lower auction clearance rates, Australia’s housing market offers both risks and opportunities for valuers approaching 2025. CoreLogic’s latest housing data reveals key trends likely to influence residential valuations, particularly as broader economic factors, such as inter...
 

What is going on with property investors?

Posted on 19 November 2024
Source: CoreLogic New investor loans are up a strong 18.8% nationally, far outpacing the volume of investment properties coming to market. There are regional differences with the number of investor listings coming to market elevated in Tasmania, Victoria and NSW, but are below average in SA, QLD and WA. The number of new loans for investment property purchases is strongest in high capital growth states, showing a pivot in investment to SA, QLD and WA. There are two main narratives abou...
 

Capital city buyers spoilt for choice on the back of the busiest October for new listings in a decade

Posted on 18 November 2024
Source: PropTrack & REA Group Over the month there was a surge in new listings hitting the market resulting in new listings in October 2024 being +14% year-on-year. It was an historic-high number of October new listings in Melbourne and Canberra, the highest October new listings in Perth in a decade, the highest October new listings in nine years for Sydney, highest October new listings in Brisbane and Hobart in six years and the highest October new listings in Adelaide in five years. D...
 

Sydney home values slip in October as market cooldown continues

Posted on 4 November 2024
Source: CoreLogic CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year. As the market cools, annual growth in national home values has continued to ease, reducing to 6.0% over the 12 months ending October, down from a recent peak annual growth rate of 9.7% in February. CoreLogic’s research director Tim Lawless notes that the stronger performance across the more affordable end o...
 

Investors' property sell-off gathers pace

Posted on 16 September 2024
Source: The Chronicle Investors are exiting the residential real estate sector at a faster rate than a year ago, new research by Property Investment Professionals of Australia has found. PIPA's 10th annual investor sentiment survey found 14.1 per cent had sold at least one property in the past year, up from 12.1 per cent previously, and the majority went to existing owner-occupiers and first home buyers. PIPA chair Nicola McDougall said investors were still buying rental properties, &q...
 
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