Perth presents the strangest set of numbers in the country right now. Values fell 1.2% in September — the fifth consecutive monthly decline and the fourth straight month of losses exceeding 1%. Since peaking in April, the market has shed 6%, taking roughly $62,000 off the median property value. And yet Perth is still up…
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 has done something this month that would have been unthinkable a year ago: it recorded the steepest monthly price fall of any Australian capital city. Values dropped 1.5% in September, edging past Sydney’s 1.4% decline and taking the market 5.4% below its May peak. That decline has effectively erased ten months of gains. Brisbane…
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 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 correction has now cost the median homeowner roughly $112,000. September delivered another 1.4% fall, capping a September quarter in which values dropped 4.9% and leaving the market 8.6% below the record high set in February. Eight months ago Sydney was at a peak. It has given up more than eight percent of its value…
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…
For the first time in nearly a year, Melbourne has something that could cautiously be described as good news. Values fell 0.7% in September — the tenth consecutive monthly decline, but also the smallest monthly fall since March. That matters because Melbourne has spent this entire cycle as the market with no bottom in sight….
