Despite property price growth slowing, we’re still buying lots of property. And Queensland leads Australia’s property pack with almost 51,500 properties settling through the first quarter of 2022 in the Sunshine State, narrowly ahead of Victoria, according to new sales data from property settlement platform PEXA who reported that although the market showed signs of…
Aussie builders are bearing the brunt of the fastest annual growth in construction costs since the introduction of the goods and services tax in 2001. New data from CoreLogic shows that in the 12 months to March 2022, construction costs increased by nine per cent. That is the highest annual growth rate on record outside the period when the…
Australia’s sky-high property prices, low supply, high demand and an impending cash rate increase are putting pressure on an already tight real estate market. Australia’s property prices increased at a record pace in 2021 with Domain’s most recent quarterly house price report showing that the national median house price surged 25.7% and units by 7.7%…
Negotiating is a part of living; we do it all the time. When you walk down a crowded street you negotiate the path you take. A couple negotiates their relationship before and during the marriage. Although you may not realise what’s happening, for example, you take out the garbage tonight and I will do the…
Making a profit renovating a property seems like a very attractive proposition. Buy low, renovate cheap, and add substantial value is the aim of the game. It sounds simple enough, right? While there is always a strong demand for renovated properties – as there are always people wanting to move into a property that has…
Property auctions have historically garnered the best sales results for sellers, and their popularity is growing further, particularly in some particular areas or dwelling types. A recent Domain auction report shows that over the past 10 years the proportion of property sales by auction has almost doubled across Australia. Although this uptake does vary between…
We know that there is an acute shortage of accommodation in Australia. In fact Australia is facing a rental crisis as national vacancy rates dip to the lowest point on record. Rental vacancy rates keep falling across all cities for both houses and apartments. And moving forward opening the international borders will put additional strain on the…
Saturday has traditionally been the busiest day in real estate, with open houses and auctions nestled in between soccer matches and lazy mornings. Holding property auctions on a Saturday was traditionally dictated by the typical working week, providing very little time between the standard workday, the daycare and school run, and our everyday hectic lives….
Do you own any cryptocurrency? For those who own Bitcoin, the most popular coin, the good news is that Bitcoin has reached an all-time high. The price of Bitcoin has surged to a record high of over $89,088 (AUD) while in 2015, one Bitcoin was worth $450. According to the Finder Cryptocurrency Adoption Index, Australia…
Beware of unintended consequences. The federal government recently announced it is working up a multibillion-dollar scheme to construct residential housing as part of its strategy to stimulate the economy and prop up the building industry as the nation emerges from the coronavirus crisis. While there is some merit to this, as always when the government…
