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…
It takes a lot of time and research to buy the right investment property for your portfolio, not to mention the added stress of questioning if the seller has disclosed information that may affect the sale price or whether they have tried to ‘pull the wool over your eyes’. Fortunately, for buyers, there is a…
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…
A lot has happened to our property market over the last year, hasn’t it? For one, the property boom of 2020-21 ended. Obviously, a property cycle is exactly that – a cycle. While homeowners and property investors enjoyed the strength of the “once-in-a-generation” property boom (which will go down in history and long remembered), that…
Selling a property is usually not something that is done lightly. Perhaps you need to sell because your family has grown, and you need more space. Another reason is that you have run your numbers and come to realise that that specific investment property is not growing in value as much as it should, so…
We keep track of housing finance approvals as they are a good “leading indicator” of what’s ahead for our property markets. Based on the latest data released by the ABS, new housing loan commitments fell 4.3% month on month in December, its eleventh consecutive month of decline, to be at its lowest level since October…
Queensland, Australia’s second-largest state, has made history by becoming the best-performing state economy for the first time. The recent CommSec State of the State report shows that its economy has been growing at a faster pace than any other state in Australia, thanks to strong population growth, a solid job market and overseas demand for energy resources,…
The dream of homeownership can drive people to do desperate things, including lying on their mortgage applications. In fact, according to Finder’s new research, thousands of Aussie homeowners have told a fib in order to secure their home loans. The survey revealed that out of 1,114 respondents – 310 of which have a mortgage –…
Are you considering selling your home or investment property? Sure Australia’s property market came off the boil in the first quarter of 2022 as demand softened and the Reserve Bank began to hike borrowing costs. And even though prices will still fall further, the rate of decline is slowing. This means those interested in selling…
