Today, we’re diving into a topic that’s making waves in the property market. I’m joined by Julie Toth, Chief Economist at PEXA, to discuss the findings of their 2023 Cash Purchases Report, which sheds light on a startling trend: over a quarter of residential properties in Australia’s eastern states were bought with cash in 2023….
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Latest posts
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Have you ever wondered what leads to the ups and downs of our property cycle? Well…when we delve into the realm of investment markets, we’re navigating a sea guided not just by numbers and data but largely by human psychology. And yes, those ever-oscillating curves of booms and downturns that shape our financial landscape are…
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When it comes to property investment, there’s no shortage of information available about what budding investors should do in order to ensure success. And just as important are the pitfalls to avoid so you don’t become a statistic of the property game. While many investors start out with the intention of making it big in…
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What’s the outlook for the Australian property markets for the rest of 2024? Have interest rates really peaked now and when will they start coming down or will the RBA raise rates again in 2024? Will the “fixed interest rate cliff” and affordability issues cause a round of distressed sales and prices to fall or…
I’ve often said that demographic changes will be more important in shaping our property markets in the medium to long term than the ups and downs of interest rates or the vagaries of our economy, so I’m pleased to have leading demographer Simon Kuestenmacher back on the show. Simon is a co-founder of The Demographics…
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Despite all the challenges thrown at them, our housing market has kept rising for 15 months in a row now. Not only have house prices risen strongly, but so have rents. And there seems to be no relief in sight for tenants. The chronic housing shortage is being exacerbated by low building approval levels and immigration…
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If you knew you would die in 10 years, what would you do today? When I read this question on the Internet a short while ago it made me think, because I recently turned 71 and it’s a realistic timeframe for me to consider. Everyone has seen the shorter-term versions of this question, like what…
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It’s a bold statement, but it’s true. For some of you who are reading this right now, 2024 will absolutely be the worst possible time you could consider buying a property. There is the spectre of interest rates and inflation remaining higher for longer than we hoped, the continual media coverage predicting economic challenge, some…
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Does everything happen for a reason? To be honest I’m not sure, but I know that when I changed my outlook on life and started looking for lessons from not only the fun things but also the unpleasant experiences in life, I became a different person. I became more positive and I functioned at my best….
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Are you wondering what will happen to the Melbourne property market in 2024? Clearly, the Melbourne housing market has not performed as strongly as some other capitals over the last year, but Melbourne’s property values are expected to gain ground as we move through 2024. Melbourne home prices were flat in March, while unit values…