Australia’s rental vacancy rate has hit a historic low of close to zero. The latest estimate from SQM Research is 1.1%. The latest estimate from the property listing firm Domain is 0.7%. As would be expected with hardly any of Australia’s rental properties vacant and available for rent, rents have soared – at first in…
Melbourne, often hailed as the cultural capital of Australia, boasts a vibrant real estate landscape, particularly in the realm of apartment developments. With its thriving economy, diverse neighborhoods, and dynamic lifestyle offerings, it’s no wonder that Melbourne continues to attract investors, homebuyers, and renters alike. However, amidst the plethora of options, finding the top new developments…
The dynamics of immigration and visa requirements have an impact on Australia’s housing market, in addition to local issues. In recent years, visa categories like as the Partner Visa and the Skilled Occupation List have had a substantial impact on property market patterns around the country. Understanding how these immigration limitations affect the real estate…
2024 looks set to be another year of rising rents, stalling supply and intense debate over how to respond to the housing crisis. Occupying an increasingly prominent place in that debate is the YIMBY movement. Short for “Yes, In My Backyard”, YIMBY is a play on the well-known pejorative NIMBY, which has long been applied…
Australia’s housing crisis is putting the Australian dream of owning one’s home out of reach for many. But it’s not just home ownership that has been affected. Rental affordability has also become a serious issue. This has reignited the debate about negative gearing; whether or not it is fair and whether it holds the key…
If just one state of Australia, New South Wales, scrapped its stamp duty on real estate transactions, about 100,000 more Australians would move homes each year, according to our best estimates. Stamp duty is an unquestioned part of buying a home in Australia – you put your details in an online mortgage calculator, and stamp…
It is a common misconception that insurance covers absolutely everything. Landlords may think they will be reimbursed by an insurer for any kind of rental loss or damage. But, this is not the case. Why? Because the overload in risk would make insurance unaffordable. Insurers need to strike a balance between providing cover for the…
It’s four years since the COVID lockdowns started. The pandemic ended when it morphed into the less deadly Omicron variant in late 2021, but just as a sound can reverberate around a room the effects of the pandemic continue to reverberate in economies. Putting aside the long-term health impacts this note looks at 7 key…
Canberra is the capital of Australia and has important government buildings, a national museum, and other important buildings. The capital has a population of 472,000 (about half the population of Montana), and it is among the most populated cities in the country. Therefore, if you are looking for an apartment in Canberra, you must check…
Becoming a licensed real estate agent in Australia can be a rewarding career path for individuals passionate about property. Do you consider the real estate market fascinating? If you want to be in a profession that you love, then you are going for the right choice. Doing something that you like to do will always…
