Australia’s property market delivered enormous growth during 2021 and with the peak of the market predicted to be in sight, there will likely be many homeowners out there wanting to sell before property prices take their predicted plunge (which by the way…I don’t think will happen the way people are predicting.) Once you’ve made the…
Luxury homes were the asset class of choice for Australia’s ultra-rich, with 1-in-3 spending nearly a third of their wealth on their main or second property last year, according to Knight Frank’s latest Wealth Report. The high demand for luxury homes has seen a literal race for space, with ultra-wealthy Australian buyers competing for large…
Last year was an extraordinary year for Australia’s housing market – around 98% of locations around the country recorded an increase in the median property value, with many of those values surging by more than 20%. Data from the Australian Bureau of Statistics (ABS) confirms that the total value of Australia’s 10.8 million property portfolio…
Brisbane’s property market might not match the sky-high prices seen in Sydney and Melbourne, but as owners and investors flock to the sunshine state amid a sea-change shift effect, some of the city’s most affluent streets are being put on the map. Brisbane has finished 2021 as Australia’s fastest-growing property market, with property prices continuing to…
The NSW government plans to encourage people to move away from floodland by offering stamp duty concessions and other subsidies. The government is working on a proposal for residents of flood-ravaged areas such as Lismore to not pay stamp duty if they buy in an area away from floodplains. The plan will be considered by…
What is one skill that you wish you had learned at school? According to research results from Finder, many Australians wish they were taught more about money in school. A nationally representative survey of revealed almost half of Australians (46%) wished they’d learnt how to invest during their time at school, while 44% wish they’d…
Australia’s property prices increased at a record pace in 2021 with Domain’s latest quarterly house price report showing that the national median house price surged 25.7% and units by 7.7% year-on-year. But some suburbs outshone the rest. While the median house price in Sydney rocketed 33.1% to a new $1,601,467 median, those numbers were absolutely…
Soaring property prices, low supply, and high demand might be good news for prospective sellers and investors, but it’s making housing affordability further out of reach for first home buyers. Last year first home buyers benefited from a combination of historically low interest rates which boosted their borrowing power; a pause in investor competition for…
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, with prices following suit. But now things are changing. Vaccination rates are high, lockdowns look set to be a thing of the past and…
Is this continued media cycle of mixed messages leaving you feeling a little confused? Well, standby. From the people that bought you the 40% house drop, the job keeper and mortgage cliffs and the last one out of the Cities turn the light off, comes… Reverse migration as sea and tree changes head back to…
