Our property market continues to surprise us. Although the desire to purchase property has decreased slightly, the limited number of properties available on the market has led to heightened buyer competition in all major cities, except for Hobart, reaching its highest level in a year. In fact, according to PropTrack’s latest data, the overall demand…
Thinking of buying an investment property, but you truly don’t know where to start? You’re in good company: many new investors feel overwhelmed and bamboozled by information and research when they’re deciding where to buy. This can unfortunately lead to costly mistakes, so here’s a handy list of five crucial missteps property investors can make…
Despite skyrocketing interest rates and continuous price falls over the past year, Australia’s property market has now seen a slight upturn, according the latest PropTrack Home Price Index report. According to the report, in February, national home prices rose by 0.18%, except for Hobart, which experienced a decline. Adelaide, Sydney, and Melbourne saw less than…
After experiencing the sharpest downturn in Australia’s housing market history, new research by JP Morgan suggests that the situation could soon turn around. The research shows that house prices, which fell by 9.1% since their peak in May 2022, are expected to stabilize sooner than many are predicting. At the beginning of this month: Dr….
Well, APRA has reaffirmed its stance that a 3% interest rate buffer is necessary to ensure responsible lending practices among banks when assessing home loan applications, including those from new buyers and existing borrowers looking to refinance. This decision has the potential to impede the borrowing capacity of new buyers and create obstacles for existing…
Scams have become an unfortunate reality in today’s digital age, and no country is immune. In fact, according to figures released by the ABS, two-thirds of Australians aged 15 years and over were exposed to a scam in 2021-22. William Milne, ABS head of crime and justice statistics, said: “The results of The Personal Fraud Survey…
Have you ever wondered what it would be like to pick the brain of an Elite SAS Commander? We recently undertook a rigorous 3-day training camp in the mountains around 2 hours from Brisbane with our team. Here we got to do exactly that and it was an invaluable experience. While I learned many lessons,…
While property price falls have been capturing widespread media attention, it is crucial for buyers, sellers, and owners to contextualize these figures. So let’s start by looking at what has actually happened to property prices. Of course the decrease in borrowing capacities caused by increasing interest rates has impacted home values, leading to a consistent…
Tight supply, rising interest rates, and reduced borrowing capacity dampened Australia’s property market in 2022, with prices falling from their pandemic-induced peaks. Prospective sellers have been sitting on the sidelines, delaying decisions to see how high inflation and rising interest rates will affect the market. But Domain’s latest house price report shows that while property…
There is always a lot of attention on Sydney and Melbourne’s affluent areas and property markets, but what about the wealthy Australians in Brisbane? Where do they live? Unfortunately, Queensland postcodes didn’t feature on the ATO’s recent top 10 suburbs rich list. However, there is an abundance of wealthy residents and high-priced properties, so with the…
