Most of the time, well almost always, when you hear about a change in dwelling values, it reflects prices achieved at sale. Homeowners often misinterpret what this means to them. Many think, that if say, the median value of dwelling sales fell by say 5% over the past twelve months (for example), that their home…
Well, the RBA really does need a broom through the joint. After a 0.25% lift last Tuesday – making it 11 hikes in just 12 months – on some pretence that doing so will somehow reduce inflation. Inflation isn’t caused by the consumer but mainly by a range of ill-conceived government policies and actions. The…
Several new population studies have been released over the past couple of weeks. Frankly, reading them is like watching the paint dry. So, I have summarised – including some estimates from my end – the big picture in two simple tables. The first table shows a few things: The annual population growth rate over the…
HomeBuilder saw a surge in detached housing approvals yet little change in attached dwelling applications. Rising costs, and labour shortages alongside fixed price contracts have stuffed up a lot of building businesses, with many facing the wall. Some major construction firms are now thinking of pulling out of the residential sector altogether. Working for practice…
There’s a lot of media as to where our housing market is headed. In my opinion, whilst much of the current slide in median values is due to a slowdown at the upper end of the housing market, this market has a big future. Here are five reasons why: 1. Current sales activity Table 1…
At its core real estate is all about supply and demand. So in this blog, we’ll take a closer look at the state of our property market supply and demand. The Australian market Table 1 covers the Australian market, and it shows that detached house supplies are on the increase, when compared to current sale…
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…
