Well, there’s a lot of negative property news that the media is feeding us. Obviously, it created a state of alarm for property investors. However, we should not worry. So, in this blog, I’ll explain why we shouldn’t be alarmed by all the negativities we read or hear about the property market. Housing values Apparently,…
We know that Australian house prices rose 2.3% during the 12 months to September 2022. I estimated that house prices could rise by 4% for the year ending September 2022. My model was a little bit out. Splitting hairs if you ask me, especially against the wild forecasts that are currently being thrown about. Well, based on the…
Since the start of Covid, we have seen a large jump in the number of dwelling approvals across the country. And during this time, due to limited overseas migration, the demand for new housing has actually fallen. But now, Australia is facing a potential oversupply of new homes. Yes, an oversupply! This is also factoring…
Well, I was a bit peeved when the ABS told me a few weeks ago that I was a Baby Boomer instead of belonging to Gen X. True, being born in 1965, makes me on the cusp of the two demographic segments, but a Gen Xer I am. I relate to their general traits and…
We know that Australian house prices rose 6% during the 12 months to June 2022. And the just released (June) official lending statistics suggest that house prices could now rise by 4% for the year ending September 2022. For the rest of the year, we are forecasting a 1% fall in median house prices across…
How is Australia’s housing ownership broken down in terms of tenure – in other words, who owns it, who lives in it and how do they live? I collated data to answer this question and found some interesting results. To start with, most homeowners are either couples or live alone as they are typically older…
With everything that the nation has gone through – pandemic, interest rate, etc., does Australia have more property investors? As a matter of fact, yes. Based on the latest data I collated, the number of property investors has increased by 240,000 or 13% over the last five years. In fact, about two (2) million or…
What’s the latest in housing occupancy and costs? I collated data from the latest statistics released by the ABS and here are the key findings I found along with my insights presented in 2 charts and 2 tables: On home buying and equity There were 1.1 million Australian dwelling transactions during 2020, of which 14%…
The big shift to regional Australia is indisputably on. This topic has got a massive head of steam. To be a bit flippant, it needs a good slapping down. Below is a recent press clipping from The Oz newspaper. To repeat there is no race to the regions. If my recent conversations are any guide, then a lot of…
A few weeks ago the ABS released some updated population growth figures. In short, for the year ending September 2021, Australia’s population grew by 70,000 people. The big winners in the population growth stakes were: Queensland, up 58,000; New South Wales, up 24,000 and Western Australia, up 18,000. Victoria lost some 33,000 people over that…
