On 14 February 2024, Bluestone’s Chief Sales Officer Tony MacRae and CoreLogic’s Tim Lawless discussed the conditions of the property market including:
- Strong Housing Conditions in 2023: An overview of the robust housing market conditions observed, with a focus on Sydney and Melbourne, where home values levelled out, contrasting with the rapid rise in Perth, Brisbane, and Adelaide.
- Trends in Diversity: Examining how trends in the second half of 2023 showcased a diversification in the market, marked by slower growth in larger cities, increased advertised stock levels, and lower auction clearance rates.
- 2024 Projections: Insights into the potential factors influencing the housing market in 2024, including normalising advertised stock levels, affordability challenges, inflation, consumer sentiment, and the possibility of rate cuts later in the year.
- Housing Scarcity & Supply Side Policies: Discussion on the ongoing housing scarcity, coupled with an emerging focus on supply side policy incentives, and how these factors will play a role in the market dynamics.
