Melbourne has overtaken Sydney as Australia’s most populous city for the first time since the 19th Century gold rush, following a boundary change. Sydney has proudly held the title of Australia’s largest city for more than 100 years. But with populations rapidly growing on Melbourne’s fringe, the city limits have been expanded to include the…
Property investors- watch out – the Australian Taxation Office (ATO) is after you! The ATO will be compelling banks to hand over data for 1.7 million landlords in a bid to address the $1.3 billion tax revenue lost from residential investment properties. The ATO’s data-matching program will focus on individuals failing to declare rental income,…
The most in-demand suburbs for property buyers in Victoria have been revealed by PropTrack. In these suburbs the number of homes up for sale is low and hundreds of buyers are vying for available properties. New listings of properties for sale were down 11.1 per cent, year on year, in February, according to PropTrack, with…
Australia’s total credit card debt has continued to climb, with data released from the Reserve Bank of Australia (RBA) indicating that it rose for the fifth month in a row in February 2023. The RBA figures showed that the total credit card bill attracting interest charges increased by $270 million to $17.75 billion – the…
Ever thought of quitting your job and working on (or living off) your property full-time? If so, you’re not alone. I frequently see clients or potential clients of Metropole who want this. In fact only the other day I sat with someone who said: “I’ve been wanting to get out of the business we’ve been in…
A recent report reveals that while property prices have declined throughout Sydney as a whole during the past year, certain suburbs have experienced growth at a rate of over 10%. The Shore Financial State of Sydney Report conducts a quarterly analysis of Sydney’s 600-plus suburbs and identifies the top five suburbs in each quintile based…
Over the past few months, the accelerated increase in interest rates has led to decreased borrowing capabilities, resulting in a decrease in demand for home purchases and consequently, a decline in demand for new housing loans. This has resulted in a drop in new lending for all types of borrowers, and in January, the value…
Property investors are selling up! Nationwide, the number of new listings for investor-owned residential properties has nearly doubled since December, with more than 5,000 properties put up for sale in the past three months, according to data from CoreLogic. This has brought the total number of investment properties listed for sale to 10,542. Increase in…
Home prices have lifted in March according to PropTrack who believe the end of interest rate rises are in sight. Proptrack Senior Economist Eleanor Creagh explained that limited supply, along with strong migration and higher rents, are underpinning property values. The Australian housing market has experienced significant changes in recent times, with home prices exhibiting…
You can’t escape the headlines that remind us property markets around Australia are in the adjustment phase of the cycle where prices are falling. So, is this the leg-up first home buyers so desperately need, to get themselves onto the property ladder at last? Is it the perfect time to trade up from your current…
