The Australian property market is undergoing a significant transformation, influenced not just by economic factors like interest rates or supply and demand dynamics, but also by a generational shift in wealth. In recent years, the role of inheritances and financial support from the ‘Bank of Mum and Dad’ has become a key player in the…
How you prepare your coffee at home (and wash up the mugs) can have a big impact on its carbon footprint – so fill that kettle carefully, and only brew what you know you’ll drink. Drinking coffee makes many of us feel good, so it makes sense that we would want to feel good about…
Each generation enters the stage with a unique set of traits, influenced by the societal shifts, technological advancements, and economic climates of their formative years. Generation Z (Gen Z), the youngest cohort currently stepping into adulthood and the workforce is no different. Born between the early 2000s and the late 2010s, this group has been…
Over the past month leading up to 12 December 2024, rental prices across Australia’s capital city asking rents showed varied trends. In Sydney, combined rents decreased by 0.9% to $830 a week, reflecting a softening in rental demand. Melbourne saw a modest rise of 0.3%, with combined rents now at $629, driven primarily by an…
Life is expensive. The cost of living seems to be increasing almost as swiftly as Sydney’s house prices, and it can be a struggle to keep your head above water financially, let alone prosper. But do you want to know the truth? Deep down, there’s usually a reason why you’re broke… and it’s often because you…
As the dust settles on a turbulent year in real estate, the absence of Chinese investors is emerging as an interesting shift in Australia’s housing market. Chinese buyers, once some of the most significant contributors to the new apartment sector of housing markets are dramatically scaling back their involvement. Data from the Foreign Investment Review…
It seems that the Australian dream of homeownership slipping away for first-home buyers. For many Australians, the dream of homeownership is a symbol of stability and success. But in 2024, that dream is becoming increasingly elusive for first-home buyers. According to Canstar’s First Home Buyer Survey 2024, the average savings rate for first home buyers…
It’s customary at the end of the year to look back at the year that was and then look forward to making some predictions for our housing markets for the year ahead and in today’s show Dr Andrew Wilson and I explore the trends that will shape the property markets in 2025. Takeaways The housing…
The sky is falling! The experts have started switching their property market predictions from boom to gloom, pointing to the current market slowdown as the first sign of an imminent collapse which threatens to bring down prices everywhere. I want to explain why they are completely wrong. These doom and gloom forecasts are guilty of…
Soaring prices, very low rental vacancy rates and a lack of affordable housing continue to put a strain on Australia’s rental markets and keep us in a rental crisis situation. While rental price growth has slowed, monthly and annual increases continue to push affordability to its peak. Meanwhile, there is still growing concern that the…