Welcome to our December edition

 

Summer has arrived, and while the mercury continues to rise across the nation, the property market is cooling.

​

According to CoreLogic data, property prices increased 0.1% in November – the weakest Australia-wide result since January 2023.

​

Nationally, prices grew 5.5% over the year. The median value of a house is now $812,933.

​

For savvy investors or aspiring homeowners, it could be a good time to consider purchasing while price growth is subdued.

​

In other news, the federal government’s Help to Buy bill has been passed into law by parliament. The scheme will allow eligible home buyers to co-purchase a home with the government. The federal government will provide an “equity contribution” of up to 40 per cent of the cost of a new home or 30 per cent for existing homes.

​

If you’re interested in finding out more about the eligibility criteria for the Help to Buy scheme, or you want to organise pre-approval on finance for a property purchase, chat to us today.

​​​

Read more