Australia’s housing crisis has been a topic of intense discussion and concern over the last year. In an ambitious response, the Federal Government, along with the New South Wales and Victorian Governments, have set targets to deliver a substantial number of new dwellings over the next decade. But are these targets feasible considering Australia’s historical…
If you’re currently renting, this might sound all too familiar. However, for those who haven’t been part of the rental market for some time, the following revelation might come as a surprise: Over the past quarter-century, there’s been a significant shift in Australia’s rental market demographics. High-income households are increasingly opting to rent, creating a…
Buying your first investment property can be both exciting and daunting. You’ve poured your hard-earned savings and/or equity into an expensive asset, and now you take on the responsibility of being a landlord and the challenges of property management to ensure you maximise the return on your investment property. Over the years I’ve seen numerous…
Demand for share housing has hit record levels according to data from Flatmates.com.au This surge is a direct response to the escalating housing crisis, where both buying and renting have become prohibitively expensive, driving more people towards shared living arrangements. 2024 Rental market overview: no relief in sight The start of 2024 has not brought…
Recent trends reveal a fascinating shift in the housing market: the pandemic-driven appetite for larger homes is making way for a growing preference for smaller, more compact living spaces. This is particularly evident in the rental market. At the height of the pandemic, we witnessed an unprecedented demand for larger homes. People, adapting to remote…
Over the past year, we’ve seen a notable surge in weekly rents for both houses and units, but here’s the kicker: unit rents are climbing at a much faster pace than those for houses. According to PropTrack’s data, house rents have jumped by 10.5% year-on-year nationally, adding an extra $55 to the weekly bill. However,…
In some of Australia’s most sought-after suburbs, finding a rental property is an increasingly herculean task. With a tiny fraction of properties available for rent tenants face fierce competition, driving up rental prices and exacerbating the existing rental crisis. High demand and limited supply are leaving many in a lurch. However, it’s not all doom…
In the past year the Australian rental market has seen a remarkable surge in weekly rents for both houses and units. However, according to PropTrack, nationally, weekly house rents have climbed by 10.5%, marking an average increase of $55 per week. In contrast, unit rents have leapt by an impressive 17%, translating to an $80…
Since the pandemic’s onset, finding a rental in Australia has become as challenging as snagging a seat at the AFL Grand Final. Rental availability has plunged by half, and rents in our capital cities have rocketed by a staggering 33% in just two years. Though the national vacancy rate nudged up slightly to 1.12% in…
The final report from the Senate Inquiry into the worsening rental crisis in Australia produced no collective recommendations whatsoever and was a waste of taxpayers’ money, according to the Property Investment Professionals of Australia (PIPA). The inquiry’s final report — quietly released in early December — included a recommendation from the chair for a two-year…
