The property development market in Australia is a dynamic sector driven by various factors, with financing playing a crucial role in shaping opportunities and outcomes for developers.

At the end of the 2024 financial year, the national property market had increased about 8%, however it was a vastly different story across the major Australia geographies. The solid growth figure was in the face of challenging economic conditions, with the ongoing supply issue being the material driver.

The latest update from CoreLogic's Hedonic Home Value Index, released on July 1, 2024, provides a comprehensive view of the property market in New South Wales. Here are our key take-outs;

April housing market data released by CoreLogic shows that whilst growth has slowed from March highs of 2.8%, there remains plenty of demand with April seeing 1.8% rise in national housing prices.

Whilst talk is of a slowing growth rate, if you think about 1.8% for April, that represents a whopping 22% growth over a year if annualised. If we look at the national numbers for the past quarter, they annualise to over 27% annual growth which is inline with the most bullish forecasts.