What’s the current state of Australia’s property markets? Well, ABS recently released new data on Australia’s residential sales volume and median prices. My only comment is that according to the national statistician Australia’s housing market is holding up quite well despite the rise in interest rates and other household costs. It was no surprise then…
There are three things that I think are worth taking a closer look at in our housing market. Well, there’s the home buyer profile, housing constraints and conditions affecting the buyers’ decision to buy. In this article, I’ll discuss the latest trends in these. Buyer profile Table 1 outlines the spread of buyer types for…
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%…
