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%…
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…
Many property experts tout the line that you make money when you buy property, not when you sell. If this is true, then it’s important to ensure you’re not paying too much when you sign that contract of sale. Of course it’s more important to buy the right property than buy a secondary property at…
