Social Trends – Digital Finance Analytics (DFA) Blog

Property Winners And Losers…

Core Logic released their annual Best of the Best report, and they say that while at first glance, the Australian housing market was surprisingly resilient through 2024, it can be characterised as having stronger conditions ‘out of the gate’, which slowed over the course of the year under waning demand, rising levels of advertised supply and a changed outlook for inflation and interest rates.

There were significant variations across property types and locations, with significant rises and falls, and units doing better than houses.

Melbourne dominated the list of the worst-performing house and unit markets, underscoring the city’s weak showing this year. House prices in Chelsea, Doncaster, Dromana and Bonbeach slumped between 9 per cent and 10.2 per cent, while unit values in Sunshine, Frankston South, Carnegie, Murrumbeena and Caulfield South dropped by as much as 13.8 per cent.

Sydney suburbs Zetland and Cronulla were among the weakest house markets in the country, with values dropping by 9.7 per cent and 8.5 per cent respectively. And that’s the point really, because the truth is, values are all over the shop at the moment, with the likelihood of further falls in some areas, unless or until we see significant rate cuts. Given what we saw yesterday reflected in the lower unemployment rate, the RBA won’t be cutting soon, so 2025 will be “interesting”….

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on [email protected] & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Revealed: The Politics Of Housing And The Intergenerational War!

You can smell an election coming soon as Australia’s housing minister has declared that the Anthony Albanese government doesn’t want house prices to fall – despite them being very unaffordable for the young.

Clare O’Neil made the admission on Triple J’s youth-orientated Hack program recently, when she was hit with a barrage of questions about the housing market being ‘stacked against young people’.

‘We want to bring house price growth into something sustainable – so we’re not trying to bring down house prices,’ Ms O’Neil said.

That prompted a surprised host David Marchese to ask: ‘Why don’t you want to be seeing house prices drop? ‘If you’re looking to get into the market, if you’re a young person looking at what’s ahead of you, you definitely want to see house prices come down.’

O’Neil rejected the argument – saying ‘That may be the view of young people – it’s not the view of our government,’ she said.

Data keeps rolling out showing how unsustainable the current housing market policy path is, with the Real Estate Institute of Australia (REIA)’s latest Housing Affordability report for the September quarter showed average loan repayments amounted to 48.6 per cent of the median family income of $2501 a week.

This is the greatest proportion since the REIA began monitoring housing affordability in 1996.

Mind you we saw similar political confusion from the UK Deputy Prime Minister and Housing Minister who in a weekend interview managed to say both there was a housing shortage, and no housing shortage, despite high migration in the same interview. Again it shows the political back-flips polys are prepared to do.

For truth though Kudos to Adrian Orr the New Zealand Reserve Bank Governor, who said last week in an interview that the property market was a real mess. Can you imagine the RBA or Senior Politicians in Australia speaking such truth. No, because politics trumps housing policy rationality. High migration wins over bringing prices back under control. And Boomers win over younger Australians again.

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Shoot Ribbon an email on [email protected] & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.