Australia’s current housing downturn has ended the recent run of record resale results, with the share of profitable sales falling from a 21-year high and the median gain retreating from its March peak. Cotality’s latest Pain & Gain report analysed more than 94,000 residential resales in the June quarter, finding 95.4% delivered a nominal profit,…
Buying a property can be an exciting experience, and it is easy for emotions to take over when you find a home or investment that seems to tick all the right boxes. However, successful property investment should be approached differently from buying a home to live in because investors need to remain objective and make…
Brisbane fell 1% in August — its third consecutive monthly decline, taking values 2.7% lower across the winter. But the number that reframes Brisbane’s position most sharply is a supply figure: advertised stock is now 51% higher than it was a year ago. Half again as many properties on the market as twelve months ago….
Smart investors still make expensive mistakes, and surprisingly often, the problem begins inside their own heads. We like to believe that our investment decisions are based on facts, careful analysis and rational judgment. Yet cognitive biases quietly shape which facts we notice, which risks we dismiss and which stories we choose to believe. They encourage…
For generations, Australians have responded to housing affordability pressures in a predictable way – when the home they wanted became too expensive, they moved further from the city. But something important is changing. Australia’s affordability problem has become so entrenched that many buyers are making a different compromise. Rather than simply changing where they live, they…
For the last 20 years, one of the defining stories of Australian housing has been the rise of the apartment. Look at the skylines of Sydney, Melbourne and Brisbane and you can see the evidence everywhere. Cranes filled our CBDs, high-rise towers appeared around transport hubs and former industrial precincts were transformed into dense residential…
For years, the housing affordability debate has focused heavily on property prices, with the assumption that if home values fall, homes automatically become more affordable. But the latest figures from the Real Estate Institute of Australia remind us that affordability is much more complicated than the price on the contract. Australian house prices softened over…
Sydney’s August result was the steepest single month of this entire correction. Home values fell 1.8%, extending a decline that has now run six consecutive months and pushing the market 7.1% below its February record high. Across the three winter months alone, Sydney shed 4.7%. But the figure that captures how complete this has become…
You’ve heard every stereotype going around about property investors. Some commentators paint us as reckless speculators piling into debt we can’t handle, while others imagine a nation of mum-and-dad battlers gambling their super on a rental property they barely understand. The truth, according to the most comprehensive dataset the Reserve Bank has ever had access…
Australia desperately needs more homes, yet the latest building approval figures show how difficult it will be to deliver them. National dwelling approvals fell 2.7% in July, with approvals for detached houses dropping 4.2% and units declining 0.4%. At the same time, the cost of building a new home is rising again, placing further pressure…
