Have you considered moving back in with your parents? Well, according to Finder’s latest research, more and more Australians are moving back in with their parents as the cost of living continues to spiral. In fact, the survey with 1,058 respondents revealed that 13% of Australians – equivalent to 858,000 households – have had an…
The value of new home loans being approved has plummeted by $2.26 billion in a month, according to the ABS. In September $25.14 billion worth of home loans were approved, down 8.2 per cent from the month before in seasonally adjusted terms – the lowest value since November 2020. Owner-occupier lending took the biggest hit,…
When you are looking at potential investment properties, it can be difficult to be objective. Real estate is such an emotional asset class — far more so than investments like shares — and, all too often, buyers lead with their hearts. Instead, a better strategy is to try to approach it like a property valuer,…
Australia is a migration nation. In fact, over 29 per cent of our 26 million residents were born abroad. Compared to other nations, that’s big. This is because ever since World War II ended, Australia has increasingly welcomed more migrants to the country. Australia’s migration cycles According to Simon Kuestenmacher in his regular column in…
The race that stops that nation is just a few days away and according to new research, consumer spending on the Spring Racing Carnival will reach $1.6 billion this year! Obviously, people would invest in a new fashion, and accessories and attend events trackside and in hospitality venues. The research from the Australian Retailers Association…
Cars are manufactured identically “off-the-press” and their price is consistent when they hit the showroom floor. Properties, on the other hand, are unique. They have their own personal features and additions, such as a distinctive outlook, backyard, balcony, fireplace, and so on. Even if it’s wedged in a row of townhouses, it will have its…
What a busy week it has been! The Albanese Government handed down its first budget since forming the government, we got an update on the consumer price index, which lifted by 1.8% in the three months to September, taking the annual rate to 7.3%. Ms Eleanor Creagh, Senior Economist at REA Group shared her insights:…
Australia’s house prices are seeing the fastest quarterly decline on record. However, September quarter could be a peak quarterly decline, according to Domain’s House Price Report. It’s not really as bad as some of the property pessimists are predicting. In fact, house prices across the combined capitals are now 4.9% below the March 2022 price…
How are our property markets doing now that we’re halfway through spring? Well, rising interest rates have quickly rebalanced the housing market from last year’s extreme growth levels, haven’t they? The current stage of the property cycle is now characterised by widespread price falls. In fact, prices nationally are now sitting 3.4% below their March…
The highs and lows of Australia’s property market were a hot topic even before the pandemic-induced price boom of 2020-2021. And with so much talk about extravagant surges in both the number and value of property sales, talk also turned to how much money some of these ‘lucky’ property investors managed to make. After all,…
