January 2024 Real Estate Market Update

As we are now in the middle of February, with the festive season behind us, we are now fully directed towards the opportunities that lie ahead in the new year.

Let’s take a closer look at the current state of the real estate markets in Australia and New Zealand.  Watch the video below and explore the key trends shaping the property landscape.

Australian Real Estate Overview

In Australia, the real estate market varies widely across major cities and regions.  Perth showcases notable growth rates of 14%, 10.3%, and 16.7% respectively, with Perth standing out as a top performer.   Sydney boasts an impressive 11% annual growth rate, while Melbourne experiences a minor downturn. Brisbane, Adelaide.  However, the national market shows a downward trajectory with a 0.41% growth rate, contrasting with the stronger trend seen in regional markets.

Despite the overall positive outlook, challenges and uncertainties loom on the horizon. The impact of rising inflation, higher interest rates, and consumer sentiment remains significant, influencing market dynamics and purchasing behaviours. Additionally, migration patterns are shifting, with changes in overseas and regional migration trends affecting rental demand and property purchasing activity.

New Zealand Real Estate Overview

In New Zealand, the real estate market has seen a turnaround in recent months, with prices rising for the fourth consecutive month. The housing market in New Zealand has undergone a notable transformation, driven by changes in government policies and investor sentiments. While Auckland and Wellington experience moderate growth, the market’s trajectory remains cautiously optimistic.

In summary, the real estate markets of Australia and New Zealand offer a diverse range of performances, showcasing evolving trends and regional dynamics. To thrive in this dynamic landscape, industry professionals must remain vigilant, utilize data-driven insights, and take proactive measures to navigate challenges and capitalise on growth opportunities.

As always, here’s to your success in 2024.

Cheers

Ryan

For more information, or to find out how Real Estate Brilliance can help you implement systems and strategies to take your business to the next level, click the button below to discover information on our upcoming webinar.

Previous Post
December 2023 Real Estate Market Update
Next Post
Pre-Listing Tips to WIN more Business

Related Posts

Maximise your Sales with Stock Grading
BuyersDays on MarketMarketingReal EstateSystemsVendor Management
Are you tired of spinning your wheels on properties that seem to be stuck in limbo? Picture this: spending countless hours on listings that just won’t budge, while missing out…
Learn More
December 2023 Real Estate Market Update
EducatingMarketingNewsReal Estate
Welcome back! We hope this video finds you refreshed and rejuvenated after the festive season. As we bid farewell to the holiday cheer and step into the promising beginnings of…
Learn More

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.