Victoria has become Australia’s second-most popular state for international buyers and tenants eyeing a move to the lucky country last month. New figures from PropTrack show that offshore demand for rentals is currently 32% above historical norms, with increasing interest coming from the UK, New Zealand, and China. Only New South Wales had higher demand…
There’s no real ‘secret’ to property investing success, but as I’ve said many times before, there is a strategy. There are so many articles around about how to make sure your property investments outperform the rest of the market. The right location, the right price, the right plan… Searching for the ultimate path to guaranteed…
Would you be surprised if I told you that making millions, or even being a ‘savvy saver’, has more to do with your attitude towards money than how much you make or spend? Those who become wealthy possess certain characteristics that influence their relationship with money. They are more frugal and less inclined to waste…
Do you know how many people own more than one investment property in Australia? Trust me – the answer will surprise you! You see, while there are just over two million investors in Australia, about 75 per cent of them own just one investment property. Only about 18 per cent own two, which rapidly drops…
I’ve said it before: it’s always been difficult to buy your first property. No matter whether it was the 1960s, 1990s or now, scrimping and saving for that deposit takes discipline and dedication. Now I admit that with property prices around Australia at new peak levels in many locations, and interest rates still high for…
Despite a challenging interest rate environment, our housing markets continue to experience significant home price growth, driven by a robust demand that outstrips supply. This is even in the face of affordability constraints which would typically slow market activity. A key factor behind this trend is the surge in the working-age adult population, bolstered by…
Some of the biggest mansions in Australia are fetching record prices as it becomes clear that demand for luxurious homes in Australia is far outpacing supply. And it’s not surprising given that the number of ultra high net worth (UHNW) individuals in Australia is surging, with many of the world’s richest drawn in by our…
Are great property investors born or made? If you’re like me you were told from a very young age that if you want to succeed at something – be it sport, school, or a musical instrument – that you must put in the time, hard work, and importantly, practice. Most of us learned our timetables by…
From investors to first-home buyers, buying a property can be an exciting time. But it can also be riddled with fear and uncertainty, especially in a market like the one right now where there is uncertainty about interest rates and the supply of property is scarce. Having helped many home buyer clients at Metropole I…
Are you looking for the fastest-growing areas for 2024? Australia’s population grew by 659,800 people (or 2.5%) to 26.8 million people in the year to September 2023, with Western Australia enjoying the fastest percentage growth rate of all the nation’s states (of 3.3%), according to the latest Australian Bureau of Statistics data. With 765,900 overseas…
