The past decade has been a whirlwind of change in the housing market across Australia. The numbers don’t lie: in nearly one in three Sydney suburbs, house prices doubled in the past 10 years. But what does this mean for the future of property investment? Sydney’s Surge Despite the sharp downturn during the APRA-induced credit…
Australians are showing no signs of improved optimism about the Reserve Bank of Australia (RBA) and the government’s ability to ease inflationary pressures and the cost of living this year, according to new research from Canstar. The sentiment survey conducted in August 2023 canvassed the opinions of over 2,600 Australian adults finding 46% have no…
The number of distressed sales – where sellers put their homes on the market because they can’t afford mortgage repayments – is falling around the country, even despite worsening inflation and interest rate pressures. A new Domain report shows that the number of distressed listings has declined in each capital city between January 2021 and…
Yes, you read it right, 1.2 million homes in the next five years. The headlines have been filled with the Australian Labor Party’s ambitious plan, but if you look closely, the numbers just don’t add up. The Grand Mirage Firstly, let’s clear the misconception: the government isn’t going to lay down the bricks and mortar…
Who do you ask for property advice – whether it’s for your next home or a property investment? Let me tell you who not to listen to – don’t take advice from reality TV shows! In fact working with inexperienced or unqualified self-styled “property experts” can result in buyers purchasing a dud for an overinflated…
Rapidly rising interest rates have seen Aussie property investors forced to fork out tens of billions of dollars in extra mortgage repayments, new analysis has revealed. Property Investment Professionals of Australia (PIPA) calculations show the characterisation of landlords as greedy by some politicians are way off the mark. Based on figures and assuming averages, property…
A policy that caps residential rents was always going to get headlines for politicians. Any suggestion to keep the cost-of-living down – now, will sound like a good idea in the current environment. But according to the REIV rent freezes and caps are a naive view of the wider economy. And I agree. Rising rents…
Australia’s total credit card bill attracting interest charges has dropped for the second time in nine months to a total of $17.73 billion. This is despite the fact the number of credit card accounts rose for the ninth month in a row, to a total of 12.6 million, according to new RBA data released today….
Wesptac Bank has recently upgraded its forecast for our housing market. Westpac now expects prices to rise 7% nationally in 2023 but the pace is expected to slow in 2024 as affordability becomes extremely stretched. Now that’s a turnaround because in April this year Westpac had forecast prices to track flat overall nationally this year, followed…
Australia’s home price recovery has hit a milestone, with national property prices now higher than a year ago according to the latest Proptrack Home Price Index Despite the sharp reduction in borrowing capacities that accompanied the 12 interest rises home prices have reversed much of 2022’s falls according to Eleanor Creagh, Senior Economist at Proptrack, Creagh explains…
