Deciding to sell a property, whether it’s an investment or your own home, is a big step. You might be planning to upsize, downsize, relocate, or let go of an investment; regardless of your motivations, selling your property comes with a lot of considerations. Choosing the right real estate agent is key in helping you…
The Reserve Bank’s decision to hold the cash rate steady at 4.35% in March wasn’t surprising. Many are betting on a downward trend in interest rates soon, though the exact timing remains a mystery, with some commentators now, believing it will be later in the year, initially hoped for. According to PropTrack’s Senior Economist, Eleanor…
New data reveals the Australian suburbs in each State where house price growth has outperformed the rest over the past 12 months. PropTrack data highlights suburbs with the strongest growth in values over the past year in each statistical area 4 (SA4) region, which are geographical areas defined by the Australian Bureau of Statistics with a minimum population…
Do apartments still make good investments? During previous property cycles new and off-the-plan apartments were popular with many investors. However, I’ve always maintained that most new and virtually all off-the-plan units are not “investment grade” properties. That’s because of their cookie-cutter designs, lack of scarcity, poor owner-occupier appeal, and propensity to create oversupply problems during…
Australia’s population keeps on booming. In fact, the population of Australia’s capital cities grew over 500,000 in the year ending June 2023, the largest annual growth recorded by the Australian Bureau of Statistics (ABS). Beidar Cho, ABS head of demography said: “Australia’s capital cities grew by a record 517,200 people last financial year, with this…
It’s official – housing affordability in Australia is at a crisis point. A startling report by the Real Estate Institute of Australia reveals that families are now allocating nearly half of their income to mortgage repayments. Specifically, the average household spends just shy of 48% of their income on home repayments. The latest Housing Affordability…
Do you know the difference between price and value? Well, you should… because the two principles are quite different and can make a big difference to your chances of achieving financial independence or freedom. Wise words from the “Oracle of Omaha” Warren Buffett is an American investor, industrialist, and philanthropist and is widely regarded as…
There’s a striking surge in property prices in select suburbs of Sydney and Melbourne, with some increases exceeding $240,000 over the short span of three months, recent data from CoreLogic reveals. This upward trend suggests a significant turning point, indicating a sustained housing market recovery in 2024. Sydney In Sydney, the suburb of Longueville stands…
More than one-quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, with buyers immune to recent interest rate hikes, according to a new report released by PEXA. PEXA’s 2023 Cash Purchases Report found the total value of cash-funded residential sale settlements (that is, properties purchased without…
Despite pandemics, rising interest rates, and challenging supply issues, the Australian property market remains a remarkably resilient, unyielding force, with two out of every five Australians determined to buy a home within the next five years. A recent Westpac Home Ownership Report reveals a surge in home buying intentions – 44% of Australians plan to purchase…
