After months of declining dwelling approvals, the trend appears to be shifting positively. In fact, the latest data from ABS show that dwelling approvals rose a sharp 18.5% month on month in December, rebounding after the previous month’s 8.8% fall. The rise was driven by the very volatile apartment series (+56.6% month on month after…
New home sales have been declining as interest rates have been rising. This is because when interest rates increase, borrowing costs for mortgages also increase, making it more expensive for potential buyers to purchase a home. Additionally, rising interest rates may also cause some buyers to delay purchasing a home until rates stabilize or decrease….
The Block was once again a hugely popular TV show this year. After three gruelling months of sleeplessness and renovations paid off for the couples competing to sell their properties for a profit. Not surprisingly it encouraged a new generation of property investors to turn their hands to renovation. But if you ran the renovations…
Believe it or not, there are 10,879,349 individual dwellings in Australia according to the latest data released by ABS, for the year ending 30 June 2022. Their figures showed that Australia’s dwelling stock grew by 146,931 dwellings (1.4%) over the last year. Interestingly the growth in new medium density dwellings was greater than the…
Are you planning to sell your home this year? I bet you want the best price you can get, bit it’s no easy task to set the price for your home, which is probably your most valuable asset. It is likely you will think your home is worth a mint and the estate agent will…
Are you thinking of selling a property? Now you may think your home is wonderful — and I am sure it is — but if you wish to stand out in a crowd and present a polished façade you need to tick some boxes along the way. By this I mean spending a bit of money (where…
Aussies spent more on home renovations last year than in any other period since the 1970s. In fact, according to Australian Bureau of Statistics building approvals data, the value of alterations and additions approved hit a staggering $12.49 billion in 2021, surging 35% compared to the year before. In a recent Article, Eleanor Creagh, Senior…
The cost of building a new home continues to soar! CoreLogic’s Cordell Construction Cost Index (CCCI) for Quarter 3 of 2022 showed national residential construction costs increased at a record rate in the year to September 2022, the highest annual growth rate, excluding the period impacted by the introduction of the GST (10.2% over the…
Buyers are in an excellent position when it comes to negotiating a private treaty sale – but what about properties for sale by auction? Should you wait patiently until the big day, fingers crossed and ready to bid? Or should you take the plunge and make a pre-auction offer, in the hope that you’ll save…
I know that many property investors are a little intimidated by the thought of bidding for a property at auction. I can understand why because auctions are an emotional and exciting event. And even after bidding at hundreds and hundreds of auctions, I must admit I still get that surge of adrenaline every time I…
