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…
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…
