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…
As we step into the next decade, Australia finds itself at a pivotal juncture in its demographic trajectory. Data from ABS show that Australia’s population (now 27 million) is projected to reach between 34.3 and 45.9 million people by 2071. In fact, the current ten-year average annual growth rate (1.4%) is projected to decline to…
I guess it’s a sign of the difficult economic times. A growing number of Australians are embracing multiple job roles simultaneously. In fact, in December 2023, there were 970,700 multiple job holders, compared to 13.4 million single job holders, according to the latest ABS data. This was up 1.4% from September 2023 when there were…
One thing this latest buzz of investor activity in the property market has demonstrated yet again is that some newcomers to the real estate game still insist on going in blind. These first-timers operate under the assumption that any property makes a good investment and that if things don’t quite pan out, well you can…
