It’s happened again. The Reserve Bank has hiked interest rates in November, ending a four month reprieve for mortgage holders amid renewed fears that inflation is not falling fast enough. RBA govenor Michelle Bullock said on Tuesday that inflation is still too high, requiring action. “Inflation in Australia has passed its peak but is still…
The latest PropTrack Home Price Index revealed that the 2023 price upturn is firmly entrenched with home prices hitting fresh record highs in many markets in October. Clearly, price growth has accelerated since 2022. According to PropTrack’s data, in the year to October 2022, national home prices had risen just 0.19% after falling 3.68% from…
When you first thought about buying property as an investment vehicle, did the words ‘quietly boring’ ever pop into your mind? I’m guessing they didn’t. Real estate is often seen as an exciting affair and whatever names you have to describe it, “boring” isn’t like to be one of them. But investing isn’t just for…
Australia has long been viewed as home to some of the most liveable cities and most beautiful beaches but now our nation has clinched the 4th spot in a ranking of best countries in the world. Based on global opinion, US News & World Report along with marketing company WPP and the Wharton School of…
Do you understand the best way to invest in a rising property market? As it currently stands, our capital and regional cities are primed for growth over the next year or two. There is no doubt most property markets and properties will do well over this period. But what happens when the cycle moves on?…
Are you wondering whether you should put your money into investment property or shares? While at Metropole we are property specialists, we also advocate for diversification, so a healthy investment portfolio should contain an element of both. Each has its pros and cons, and most successful investors have multiple income streams and tend to benefit…
It seems spending has ground to a halt amid widespread mortgage stress, according to Finder’s Housing Market Report: Navigating Refinancing in 2023. The report which combines lending data with a survey of 1,016 Australians who have recently refinanced or are planning to – revealed homeowners are taking drastic measures to reduce expenses from skipping meals…
In September, Australian home prices hit a new all-time high, and some areas saw growth in the double digits this year. According to PropTrack, prices nationally have risen for nine consecutive months, climbing 0.35% in September and 4.31% year to date. But it is capital city home prices that have taken the lead in 2023…
Even though interest rates are up, fewer homes are being sold for less than their asking price in 2023, just another indicator of the strength of housing markets. However, when you look at data from PropTrack, you’ll see that the extent of price reductions by sellers (the difference between the asking and sold prices) varies…
Have you been trying to find your dream home? At times it can feel like trying to find a needle in a haystack, can’t it? It’s difficult enough as an investor, but when buying a home there is an additional layer of complexity – emotion! I know that was the case for one of our…
