What will flooding mean for the Brisbane property market? Flooding was supposed to be a once in a 100-year event and here we are just a decade out from the last round of floods. In the past few weeks and the coming months, it is important to support those in need of assistance and provide…
We know the once in a generation of property boom Australia experienced last year is now over. But what’s really happening to property values now? The new PropTrack Home Price Index, released this month, reveals trends in price growth across the country. In a recent article Proptrack economist, Paul Ryan explained what’s happening on the…
Over the last month or so many readers took some time off on holidays. While having a great time in the sun by the sea, some would have been considered buying a holiday home or apartment. Many think they can get the dual benefit of a rental income and a free holiday. I would be…
What’s ahead for the Melbourne apartment market? Despite more than 260 days of lockdown, the Melbourne property market performed strongly in 2020 and 2021 underpinned by low-interest rates, various Government incentives, and support measures as well as high household savings accumulated during the lockdowns. But this strong performance was largely limited to the detached housing…
Three of the big four banks have hiked fixed rates again, as the cost of fixed-rate funding continues to surge north. Australia’s largest bank, CBA, recently increased fixed rates by up to 0.50 percentage points for owner-occupiers paying principal and interest, but all the way up to 0.90 percentage points for some investors. This is…
What are your plans for the upcoming Easter holiday? Apparently over four million Australians are planning a trip away this Easter with $7.1 billion to be spent on holidays. While around $1.5 billion will be splurged on food and chocolate, a major boon for tourism operators and retail businesses. Research released by the Australian Retailers…
I watch changes in consumer sentiment carefully because when consumers feel financially comfortable and wealthy they spend more and this helps the economy move on. And when consumers feel less confident they put their hands in their pockets and don’t make big financial decisions and in general spend less and in some ways this is…
Addressing the critical undersupply of rental properties must be a key policy of whoever wins the upcoming Federal Election according to the Property Investment Professionals of Australia (PIPA). Residential rental vacancy rates have hit 16-year record lows due to investor activity being well below average over the past five years in particular, according to new…
Australian households are wealthier than ever. Australia’s property prices increased at a record pace in 2021 with recent data showing that the national median house price surged 25.7% and units by 7.7% year on year. And it was this price surge, combined with solid share market gains, which has pushed total Aussie household wealth up…
Since the coronavirus pandemic hit our shores, Australia’s property market has grown at an unprecedented rate. Closed borders, economic stimulus and low mortgage rates have driven demand for property sky high, pushing prices out of reach in many suburbs across the country. As lockdowns continued and the work-from-home trend became more permanent, many people flocked…
