How have lockdowns impacted our job market? According to National Australia Bank Market research watch, Australian job vacancies have fallen 9.8% during the lockdowns, but remain well above pre-pandemic levels and support expectations for a strong recovery. Job vacancies fell a seasonally adjusted 9.8% in the three months to August, but importantly remain 46% above…
Worrying new figures from the Australian Banking Association show 37 per cent of Australians have lost money to a scam or have a family member or close friend who has. The research also found: 99% of Australian adults have been exposed to a scam or fraud. 66% deal with a scam attempt every week. 29%…
If you’ve been following the Real Estate columns in the media recently it would have been hard to miss stories about mortgage stress and rising interest rates. Of course, it’s the same property pessimist chasing a headline giving biased views based on the preconception that our property markets are about to crash and backed up…
Capital city housing markets have continued to produce strong results over September with robust buyer demand fuelling significant prices growth, despite the severe constraints of covid restrictions. Prices growth has generally soared over the past year with annual increases at the highest levels in 33 years. The recent strength of housing market activity and sharply…
In 2021 Australian house prices rose at their fastest rate in more than 17 years. As the world navigates its way out of the COVID-19 and we embrace the silver linings that have risen from the pandemic, the value of the Australian property market continues to shine. But what lies ahead? What changes to the…
There’s a lot of talk about interest rates in the media recently isn’t there? On the one hand, the Reserve Bank is saying rates are not going up any time soon. And on the other hand, rising property prices and decreasing housing affordability are causing many commentators to suggest interest rates are going to rise…
At its core, real estate is about demand and supply. Whilst housing prices are influenced by many variables – including interest rates; the availability of finance (liquidity); consumer confidence; employment; wages; economic growth; government policy etc. – what matters the most is simply the interplay between supply and demand. When demand exceeds supply, then values often rise. When supply…
How has the shift to blended working and strict international travel restrictions impacted the holiday rental and holiday home market? In the 2022 McGrath Report real estate doyen John McGrath explores: The rise of the digital nomad and workcations The surge in domestic tourism and where holiday rental demand is centred How the perfect storm…
In today’s podcast, we’re going to take a deep dive into the Brisbane property market with two of my regular guests, Stuart Weymss and Brett Warren. After a number of years of sluggish growth, Brisbane has been one of the strongest performing property markets over the last year and is likely to continue to be…
Typically, the steps to securing a loan including provide a few payslips that will serve to demonstrate your reliable, consistent income. Most of the time one or two will do, maybe three at most. And some documents that establish how long you’ve been employed. Relatively speaking, it’s a straightforward process. Unless you’re self-employed of course…