Australia – Despite the cooler winter weather, the Australian property market continues to heat up, with prices reaching new heights across many parts of the country. As Federal Stage 3 tax cuts begin to lift household incomes this month, Australians are enjoying increased borrowing power, which could further fuel demand in the market.
Key Highlights:
- National Home Prices: June saw national home prices continue their upward trend, marking 18 consecutive months of growth.
- Interest Rates: After 13 rate hikes since 2022, the Reserve Bank of Australia’s decisions continue to dominate property market discussions. Learn more about why rates have been raised and what the RBA’s ultimate goal is.
- Investment Market Changes: State governments are making significant changes to the investment market, adjusting tax thresholds and introducing new rules for investment properties.
For those looking to buy, sell, or invest, understanding these shifts is critical.
Flenley Financial Group is here to guide you through these changes, ensuring you’re well-positioned in the current market.
Prime Picks:
- Australia’s Gold Medal Suburbs: New data reveals the top-performing suburbs across Australia where demand is highest, properties sell faster, and price growth is stronger than anywhere else. Explore the list and see if your
suburb is a winner.
- Suburbs Set to Join the Million-Dollar Club: The resilience of the Australian property market is evident as almost 166 suburbs are predicted to surpass the $1 million mark by 2025. Find out if your suburb is on the list.
- Australia’s Cheapest Capital City Sales: Despite rising prices, some savvy buyers have secured ultra-affordable homes. Discover the bargains and see how they compare to your area.
Fun Facts:
- National home prices have seen 18 months of consecutive growth.
- Changes to state tax thresholds are reshaping the investment property landscape.
- Interest rates have risen 13 times since 2022, reflecting the RBA’s strategy to control inflation.
Stay informed with Flenley Financial Group as we continue to provide expert insights and guidance.
Contact us today to discuss how these trends may impact your property decisions.
