Keep your eye on the market
by Admin
Posted on 31-08-2022 12:57 AM
property
prices have risen across most of the australia recently. According to corelogic figures from december, australian property prices rose 22. 2% through 2021.
The median house price would, theoretically, have risen in value by a figure of $126,700 in that time. While you shouldn't try to "time" the property market (the best time to buy and sell is usually when you are ready to do so), keeping an eye on market trends is very important. Knowing how the market is performing can help you judge your property's value more accurately.
Tracking the value of a home , whether or not you’re thinking of buying and selling, is a great way to keep an eye on the market in your local area. Property owners and tenants can claim and track their property to monitor the estimated value and learn about recent sales for similar properties.
Aussies have a historical love of property, but more recently, we’ve also fallen in love with smartphones. As any trip on public transport will showcase, our eyes are incessantly glued to these devices. It thus stands to reason that property apps offer the perfect way to satisfy these two obsessions. Listed below, in no particular order, are some of the most popular property and real estate apps in australia available for both android and apple (ios) devices. Buying a home or looking to refinance? the table below features home loans with some of the lowest interest rates on the market for owner occupiers.
Many housing insiders warn buyers against trying to time the market as the economy wades through this period of uncertainty. “deciding to buy now or wait is going to depend on the individual buyer’s motivation and situation. Waiting may not be a viable option,” says krista forsberg, a real estate agent at keller williams realty in edina, minnesota. “even if a buyer can push pause on buying to later in the year or 2023, there isn’t likely to be significant improvement in prices or interest rates. ”housing experts say they are keeping a watchful eye on the economy, which is being pulled in all directions by inflation, skyrocketing gas prices, the war in ukraine and covid-19, to name a few.
State of the Nation
Since the 1970s, sydney and melbourne have been locked in a head-to-head race for the highest population growth, with both cities adding 1. 7 million new residents over 40
years
. Overall, australia’s growth rate is amongst the highest in the world, with the australian bureau of statistics estimating that 66% of residents live in our capital cities.
With an estimated population of 8,046,070 persons, the population has increased by 123,813 persons or 1. 6% over the past year, which is in line with the national rate of growth. The 123,813 person increase was the greatest since september 2017 and was made up of a natural increase of 53,711 persons, net overseas migration of 91,999 persons, and a loss of 21,897 persons due to net interstate migration.
Report prepared on: wednesday, august 31, 2022 1. Important notice about the information provided via this webpage the information provided via this webpage has been prepared by rp data pty ltd abn 67087 759 171 trading as corelogic asia pacific ('corelogic') and national australia bank limited abn 12 004 044 937 afsl and australian credit licence 230686 ('nab'). Corelogic is not related to nab. On this webpage, the suburb housing market performance that is generated by the suburb search, and the information contained in the ‘market performance’ section, has been provided by corelogic. The information contained in the ‘future expectations’ section has been prepared by nab.
At elders real estate, we help you to turn your dream into a reality. Whether you’re upgrading from your current home, downsizing for lifestyle reasons or simply looking for a change of scene, we’ll be with you every step of the way. Our experienced agents will work with you to provide an estimate of your property’s value and the most innovative and effective marketing strategy. We’ll advise on the best print, digital, photography and signboard options that play to your property’s strengths using leading industry suppliers. We can also advise on how to best present your home for sale.
The location of your property is one of the most important factors that affect real estate values. Is it close to restaurants, schools, shops, public transportation, and other neighborhood amenities ? is it in a sought-after tourist destination? is it close to the city center? the more popular and accessible an investment location is, the more valuable the property will be. Furthermore, the local climate and weather also have an impact on the value of your investment property. Watch our video below to figure out how weather affects your real estate investment strategy: related: location, location, location: what makes for the best place to invest in real estate?.
Welcome to Property Value
Property owners and tenants can claim and track their property to monitor the estimated value and learn about recent sales for similar properties. By understanding your relationship to the property, we can tailor what we show and send you to make it more relevant to your situation. Read more about how to track your property.