Skip to content
Property Real Estate

The Property Pendulum: 15 markets swinging towards first home buyers

Property Credit < 1 mins read
Castlemaine-Township-VIC

FOR IMMEDIATE RELEASE

May 9th, 2024

THE PROPERTY PENDULUM - 15 HOUSING MARKETS SWINGING TO FIRST HOME BUYERS

In their latest insightful report, Property Credit delves into the challenges and emerging opportunities for first home buyers across Australia. Entitled 'THE PROPERTY PENDULUM - 15 HOUSING MARKETS SWINGING TO FIRST HOME BUYERS', the analysis covers over 300 housing markets nationally, pinpointing where the market dynamics are increasingly favouring buyers.

Giordano Stepancic, CEO of Property Credit, highlights the complex landscape: "Despite the headwinds of rising interest rates and escalating prices, there are tangible shifts in several markets where the balance is tipping back towards first home buyers. Our report identifies key areas where affordability is still within reach under the $750,000 mark."

The study reveals that while the overall market may be tough, specific suburbs, especially those in high demand, show a resilience against broader market trends. "While many areas are experiencing a pendulum swing towards buyers, coveted suburbs are holding their ground. This dichotomy can offer strategic opportunities for savvy first home buyers," Stepancic adds.

Stepancic also notes the importance of timing and local knowledge: "Understanding when and where the market pendulum swings can significantly enhance buying strategies. Our analysis not only identifies where the markets are shifting but also when these changes are occurring, helping buyers make informed decisions."

For more information or to access the full report, please contact:

Giordano Stepancic

CEO, Property Credit

Mobile: +61 422 529 253

Email: giordano@property.credit

Media

More from this category

  • Political, Property Real Estate
  • 23/05/2024
  • 06:15
Everybody's Home

People’s Commission into the Housing Crisis unveils human cost

As Australia’s first People’s Commission into the Housing Crisis gets underway today, submissions reveal the majority of respondents are in housing stress and forgoing the basics to cope. The People's Commission, convened by Everybody’s Home, received more than 1,500 survey submissions which show: Three in five (58%) respondents are in housing stress Three in four (76%) of those who rent are in housing stress The top ways respondents are coping with housing costs are by reducing energy use like heating or cooling their homes (52%), avoiding the doctor and essential appointments (45%), and reducing vehicle use (39%) One in three…

  • Political, Property Real Estate
  • 22/05/2024
  • 11:58
Everybody's Home

*** MEDIA ALERT *** People’s Commission into the Housing Crisis

***MEDIA ALERT*** A press conference will be held in Sydney on Thursday morning on the first day of hearings for Australia’s first People’s Commission into the Housing Crisis, convened by Everybody’s Home. WHO: Commissioner Doug Cameron (former Labor Senator for NSW) Commissioner Prof Nicole Gurran (University of Sydney housing expert) National spokesperson for Everybody’s Home Maiy Azize Housing and homelessness organisations + unions WHEN: Thursday 23 May at 11.30am sharp WHERE: Main building entrance of University of Sydney’s RD Watt Building on Science Road, Camperdown NSW 2050. Media are invited to attend and report on all sessions however only the…

  • Property Real Estate
  • 22/05/2024
  • 05:00
Coronation Property Group

Coronation Property starts construction on $2B Erskineville project delivering 1,300 Build-to-Rent homes

Leading Australian developer and builder, Coronation Property Group (‘Coronation’), has officially marked the start of construction with a ‘sod turn’ for the first approved stage comprising six terrace houses, as part of its $2 Billion Erskineville master-planned housing community– one of Australia’s biggest Build-to-Rent (BTR) projects. The former industrial site at 155 Mitchell Road will ultimately be transformed into a new lifestyle destination for the inner-city, featuring more than 1,300 BTR residences, of which 200 will be allocated to affordable housing for key workers including nurses, paramedics, teachers, and aged care workers. Coronation has partnered with Evolve Housing, one of…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.