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Australian housing market momentum continued to bound along this week despite lingering COVID infection wobbles in Melbourne and Sydney. Major capital city property prices rose another 0.4% this week, up 1.2% so far in June, up 11.4% year to date. All our capital cities in line for double-digit property price growth this year. Since Stage…
Wondering what will happen to the Melbourne property market this year? Are you wondering what will happen to the Melbourne property market over the balance of 2021 and into next year? Well… based on how the market has been performing so far it’s likely that will see double-digit Melbourne house price growth in 2021, with…
Play this important message from Michael Yardney Are you wondering what will happen to the Brisbane property market moving forward year? Well…Brisbane house prices remained resilient last year when other parts of Australia suffered from the economic impact of the GVC (Global Virus Crisis) and are now roaring ahead with 10.6% growth in Brisbane’s median…
What’s the outlook for the Australian property markets for the rest of 2021 and beyond? This is a common question people are asking now that our real estate markets are up and running again. A report recently released by ANZ Bank predicts house prices at the national level will rise to a strong 17% through…
We know the property markets are booming around Australia, but I was shocked when I read that we’re buying close to $1billion worth of properties every day. Then I drilled down into the numbers… A record $31 billion of finance flooded into our property markets in April alone! As you can see from the chart…
A lot can happen in one week in our property markets, can’t it? So here’s a look back at some of the things I read or learned this week, that I believe you should also know. 1. Latest stats show how many investment properties Aussies really own. No major change over the previous year. 92%…
Auction clearance rates remained strong this weekend despite a flood of properties being put on the market, Dr Andrew Wilson of My Housing Market was tracking 2,323 auctions in the major auction capitals this weekend, which was predictably well above last weekend’s Queen’s Birthday record of 1,413 and significantly higher than the 1,019 homes auctioned…
There are more interesting articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the ones I’ve read during the week. The weekend will be over before you know it, so enjoy some interesting reading. Aussie homes ‘fly off’…
Our property markets have been surging this year with double-digit growth in sight for all our capital cities. And now that more Australians feel secure about our economy in general, and their jobs in particular, this will only place more impetus under our markets. I recently heard someone suggest our housing markets are on a…
It should come as no surprise that the current property boom will create a new generation of wealthy Australians. However, if history repeats itself, most people who get into property investment this cycle won’t become financially independent. Just look at what happened during the last property boom, and the ones before that. 92% of those…
