In her recent address in Hobart, Reserve Bank Assistant Governor Hunter stated that the home building industry is facing a ‘perfect storm,’ as noted by HIA Senior Economist, Matt King. “New home building is plagued by a structural undersupply of new greenfield and infill land, inefficiencies and delays in planning regimes, development approval processes, skilled…
Buying a property is one of the biggest transactions you’ll ever make. It’s one that you’ve probably saved and prepared for a long time and are eager to make happen. The problem is, among all the activity, buyers are unaware that scammers are out there, lurking and waiting. Real estate scams are commonly related to,…
The lending landscape experienced another surge in March, marking the second consecutive month of growth as buyers rushed into the market ahead of anticipated cuts to the country’s official cash rate. According to the latest ABS Lending Indicators seasonally adjusted data, the total value of new home and investment property loans reached $27.64 billion in…
Australia is full steam ahead through the next phase of the property cycle, but supply issues continue to weigh heavy on the market. The lack of available properties is a market-wide issue, but there are some suburbs where homeowners are holding onto their properties for a record length of time. Meanwhile, in other areas properties…
Moving or upsizing to a bigger house is a significant financial decision. Perhaps you feel too cramped where you are, have received a financial windfall, or simply have itchy feet; it might be tempting to buy a bigger house. But bigger properties come with higher costs, and it’s not just the higher mortgage repayments. Before…
How foreign investors really created Australia’s housing crisis. Some commentary in the media suggest that’s the case, but recently Tim Reardon, the Chief Economist at the Housing Industry Association (HIA), offered a different perspective that challenges these common misconceptions. Misconception 1: Foreign investors leave homes vacant It’s a popular belief that foreign investors are buying up properties…
How do you choose an investment-grade property? One that will outperform the averages and deliver wealth-producing rates of return? Well…you probably know by now that property investment is part science and part art. The art component is the market intelligence that comes from decades of experience in buying and investing on the ground. And this…
In a remarkable display of market strength, Australian homeowners in key capitals have witnessed their property equity soar by over $100,000 in just the past year. The PropTrack Home Price Index for March reveals a noteworthy trend: even with a surge in listings, property prices have not only held firm but reached new heights, underscoring…
Who are Australia’s migrants? In his article in The New Daily, leading demographer Simon Kuestenmacher discussed the likelihood of future Australian governments maintaining our high migration approach. So, let’s delve deeper into the makeup of these migrants and the implications of our current immigration policy.. Understanding the migration pattern Let’s look at an average year…
From granny flats to kitchen renovations and even new driveways, Aussies love to look for property upgrades that will increase the overall value of their property. After all, renovations are a great way to make your home more functional, comfortable and liveable. Have you ever wondered if adding a swimming pool is one of the…
