What influenced Australians to no longer consider buying or building a home? According to Compare the Market’s latest research, 40.6% of Australians that were intending to build pre-COVID-19, one in ten have changed their mind and are no longer interested in pursuing a new home. The most common reason why people had given up their…
![Sydney is named as the fourth greenest city in the world [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/08/sydney-270x200.jpg)
Do you know which cities in the world have the greenest space? Well, Compare the Market’s latest research looked at 20 cities across the world with the largest percentage of public green space and found the greenspace per capita for each. And Sydney has been named the fourth greenest in the world! With 155.4m2 of…
No one wakes up one day and is instantly an expert in anything. It usually takes years of practice to perfect any endeavour or skill. This is one of the reasons why I struggle with the concept that property investing is seemingly “easy”. Sure, buying a property might seem relatively simple on a transactional basis,…
In the current evolving property market some of the best property investment opportunities are not found on the regular property portals. And they don’t have for sale signs out front. These particular properties are only available to certain people and, unfortunately, it’s not a case of what you know, but who you know. I’m talking…
Australia’s national property prices fell further again in August as reduced borrowing capacity and fast-rising interest rates continue to weigh on demand. Across the country, property prices dropped another 0.39% in August to a new $763,000 median, and are now 2.7% below their peak, according to the latest PropTrack Home Price Indicator report. Prices continued…
We’re building more of them. Aussie homes and apartments are, according to the 2021 Census. In fact, over the past five years, Australia saw the fastest increase in occupied homes in at least two decades, and newly built apartments drove much of that growth. But even with the rapid growth in apartment living, Australia’s housing stock…
What an incredible 12 months for our property markets around the country! Amazingly, you could have purchased a property anywhere a year ago and you would have made money. On the surface every property looks good in a rising market, but how well have you really done? This is something we work with our clients…
As the RBA Governor hinted Thursday, Australia’s cash rate hikes could halve from next month. Governor Lowe said: “the case for a slower pace of increase in interest rates becomes stronger as the level of the cash rate rises”. In fact, ANZ and CBA have updated their forecasts today on the back of Governor Lowe’s…
How much have you been using your credit cards lately? According to RBA’s latest data for July, Australians gave their credit cards a much-needed break in July, with the total debt and value of transactions both dropping from the previous month. In fact, it shows debt accruing interest was $17.04 billion, a drop of $308…
There’s lots of talk that rising rates will cause mortgage stress which may even crash the property markets. But the value of new mortgages with risky levels of debt has continued to drop, according to new data released by APRA. APRA’s Quarterly ADI Property Exposure report for the June 2022 quarter shows 22.1 per cent…
