Australians have experienced substantial increases in our cost of living over the past few months. In fact, based on Roy Morgan’s and Melbourne Institute’s research, for most people, making ends meet can require changes to behaviour and finding ways to mitigate the impact of higher prices on their personal finances. The survey recently asked Australians…
We keep track of housing finance approvals as the are a good “leading indicator” of what’s ahead for our property markets. Based on the recent data released by the ABS, housing loan approvals fell 3.4% month on month in August, following a sharp 8.5% fall in July, As you can see from the see charts,…
How is the spring season shaping up for Australia’s housing markets? Well, the property markets have slowed as interest rates have risen, and apart from falling consumer confidence and concerns about inflation, one of the big factors driving property prices lower is prospective buyers’ reduced borrowing capacity. Ms Eleanor Creagh, Senior Economist for REA shared…
It’s no real surprise that the PropTrack Home Price Index shows that home prices continued to fall across the country in September. However it was the smallest decline since prices began slipping in April. Sydney and Melbourne prices fell only 0.18% and 0.29%. And of course not all the nation’s property markets are being impacted equally….
Are you looking to buy a new home or investment property? Well, don’t make the same mistake many buyers do and overlook identifying hidden problems that you may overlook in your excitement. I remember reading a survey by St.George Bank a few years ago that showed the average Australian home buyer spends more than seven…
In property investing circles it’s often said that you make the money on the deal when you buy. Most people think this means that if you buy a property “under market value”, then it’s considered that you made a profit on to the way into the deal, keeping you one step ahead of the game. Now…
Did you know that 3.8 million people admit to thievery of everyday items? In fact, according to a new research from Finder, almost 1 in 5 (19%) Australians admitted to stealing staples in the past 12 months. Further, the research shows that 9% of Aussies have stolen items from the supermarket at the self-checkout, while…
Melbourne’s property market was hit hard by the city’s multiple and extended Covid-19 lockdowns throughout the height of the pandemic, but now buyers are back in force. The city’s 260-day lockdown and high property prices saw Melbournians flee our southern state in huge numbers, losing 4,864 people in the March quarter of 2021 alone. Prior…
Do you know what first home buyers are afraid of? In the latest research of Finder, it found out that first home buyers are just as terrified of bad neighbours as they are of not qualifying for a loan. In fact, from the 1,001 first home buyers surveyed in Australia, more than one-third of buyers…
The COVID-19 price boom is over for some of Australia’s most affluent suburbs as buyer demand wears off and price falls begin to pick up speed. Some of Australia’s most expensive coastal suburbs along east-coast Australia more than doubled national gains in property prices from the trough to the peak of the COVID-19 pandemic as…
