Welcome to our March Property update and our first for 2024

As expected, the Australian property market has continued to increase thus far in 2024. We have been very active with investors over the past few months, so have written this guidebook for those wanting to get started in property investing. Click here to download your free copy

The RBA has left the Official  interest rate on hold since November at 4.35%, which is welcomed by those with mortgages after the increases throughout 2022 and 2023.

In January we saw house prices rise 0.4% nationally. Perth rose by 1.6%, Brisbane by 1.0% and Sydney by 0.2%

In February, Nationally house prices rose 0.6% with Perth increasing by 1.8%, Brisbane by 0.9% and Sydney by 0.5%

For the rolling 12 months, Perth is up 18.3%, Brisbane by 15.6% and Sydney by 10.6%

Brisbane, Adelaide and Perth are now at their all time market high.

Growth in rental values has also re-accelerated in early 2024 with the monthly pace of change rising to 0.9% in February, the highest reading since March last year

I expect to see house prices and rents rise further in 2024, as put simply, there is more demand than supply and I don’t see this changing in 2024. If you are considering purchasing an investment property or adding further to your portfolio, please book a strategy call

Until next month, enjoy your Easter break.