Welcome to Jay Wu Estate Agents monthly market update June 2024.

April Highlights: Resilience of the Australian Housing Market: The Australian housing market showed resilience in March, marking the 14th consecutive month of growth with a 0.6% increase in national home values. The National Home Value Index rose 1.6% in the first quarter, adding approximately $12,000 to the median home value. Variability Across Capital Cities: Perth led monthly growth with a 1.9% increase, followed by Adelaide and Brisbane at 1.4% and 1.1%, respectively. However, Melbourne recorded a negative quarterly movement, down 0.2%. Shift in Growth from Upper to Lower Quartile: Growth has shifted from the upper to the lower quartile in most capital city markets. Lower quartile home values rose by 3.1% in Q1, outpacing the 0.7% rise in the upper quartile, reflecting increased demand for more affordable housing options. Regional Housing Market Diversities: Regional Victoria saw the softest growth, with values down 0.3% in Q1. In contrast, Brisbane continued its solid growth,...

February Highlights: 1. Perth, Adelaide, and Brisbane are experiencing faster value growth compared to Sydney and Melbourne. 2. Housing finance commitments data from the ABS suggests that value growth may soon stall. 3. The overall value of new housing loans has decreased, missing economists' expectations for growth. 4. There is a correlation between mortgage finance commitments and dwelling values. 5. Record net overseas migration and a supply-constrained market are contributing to upward pressure on prices and rents in Australia.

January Highlights:   1) Rental prices have sharply increased across Australia, particularly in Queensland, Western Australia, Victoria, and South Australia.   2) Australia’s housing market is often considered undersupplied, with a projected shortfall of over 100,000 dwellings by 2028.   3)  Equities in the US and Japan have continued to perform well in 2023, with the S&P 500.

Welcome to the December edition of the Jay Wu Report, marking our final monthly update for 2023. I'd like to express my heartfelt gratitude to each one of you for your support and continued following throughout this year. 2023 has proven to be a year of significant growth and accomplishment. In July, we witnessed the inception of Jay Wu Estate Agents, and since then, we have been steadily expanding, achieving notable success in both sales and rentals.

As the leaves change and autumn's embrace settles in, we are excited to bring you the latest updates, insights, and inspiration in this month's edition. From seasonal tips to industry trends, we've gathered a harvest of knowledge to help you make the most of this vibrant October. So, grab a warm beverage, get cozy, and let's explore what this month has in store.