What an incredible year it’s been for property prices around Australia. Our major capital cities have seen price growth upwards of 15% – 20% and there is even more growth predicted. What has caused this once-off-type event that has seen property prices soar, with no end in sight? Rewind 12 months and we were supposed…
Did you know there are now 32 suburbs around Australia where a $2 million budget will only buy you an ‘entry-level’ premium house? New data shows that the median property price for these pricey suburbs has surged past the $2 million mark in just 7 months. And there’s another 15 expected to join the list…
Worrying new figures from the Australian Banking Association show 37 per cent of Australians have lost money to a scam or have a family member or close friend who has. The research also found: 99% of Australian adults have been exposed to a scam or fraud. 66% deal with a scam attempt every week. 29%…
In 2021 Australian house prices rose at their fastest rate in more than 17 years. As the world navigates its way out of the COVID-19 and we embrace the silver linings that have risen from the pandemic, the value of the Australian property market continues to shine. But what lies ahead? What changes to the…
How has the shift to blended working and strict international travel restrictions impacted the holiday rental and holiday home market? In the 2022 McGrath Report real estate doyen John McGrath explores: The rise of the digital nomad and workcations The surge in domestic tourism and where holiday rental demand is centred How the perfect storm…
The records continue to tumble when it comes to the impact of the pandemic on Australia’s population. The imposition of international border restrictions from March 2020 saw Australia’s population grow by 35,700 people – the slowest pace since at least June 1981 when ABS records began. Net overseas migration was 95,300 over the year to…
Australians are more likely to purchase a property sight unseen than they are a pet, vehicle, or boat, according to new data from Canstar. Believe it or not, the survey of 1,036 Australians reveals that 11% would be willing to purchase a property for owner-occupied or investment purposes without viewing it in person, whereas just…
Canberra’s property market has been a quite steady achiever – but is it a good place to invest? With the Sydney property market past its peak, I know some investors and buyers’ agents are looking to Canberra as an alternative Sure, Canberra is less than 300km southwest of Sydney, and it has enjoyed solid capital…
When it comes to property it’s all about location, location, location. So where are Australia’s safest suburbs located? Budget Direct has recently released its inaugural Safe Suburbs Map for 2021. This covers how safe each suburb is from property crime, covering postcodes within Queensland, New South Wales, Victoria, and South Australia. Budget Direct’s Jonathan Kerr…
I noticed an interesting trend developing over the few months before the current Covid Cocoon locked down our property markets. In those booming days, there were more buyers purchasing their property before auction than ever before. Driven by FOMO (fear of missing out) and record-high property prices across the country, the number of pre-auction sales…
