House prices are still falling, but the rate of decline is slowing. National dwelling values fell -1.0% in November, the smallest monthly decline since June. CoreLogic’s national Home Value Index (HVI) moved through a seventh month of decline in November, down -1.0% over the month to be -7.0%, or approximately -$53,400, below the peak value…
I’ve worked with quite a few self-made men and women over the years. These are the people who have impressed me with their level-headed approach to wealth and achieving success. They walk the walk and not just talk the talk, and it shows in their achievements. Very often these people come in pairs. What do…
Well, there’s a lot of negative property news that the media is feeding us. Obviously, it created a state of alarm for property investors. However, we should not worry. So, in this blog, I’ll explain why we shouldn’t be alarmed by all the negativities we read or hear about the property market. Housing values Apparently,…
We know that Australian house prices rose 2.3% during the 12 months to September 2022. I estimated that house prices could rise by 4% for the year ending September 2022. My model was a little bit out. Splitting hairs if you ask me, especially against the wild forecasts that are currently being thrown about. Well, based on the…
Awesome landlords attract awesome tenants. It’s a simple matter of A + B = C… and while this equation applies in virtually all areas of life, it is remarkably relevant when it comes to managing your investment properties at an optimal level. A brilliant landlord is able to keep hold of tenants for longer periods…
The number of suburbs in Australia’s million-dollar club has shrunk considerably in the past six months as the weight of rising inflation, consecutive rate hikes and falling property values takes its toll. Since April, the median value in 169 suburbs around the country has dropped below seven figures while only seven suburbs across capital cities…
Property investing doesn’t seem like it’d be all that difficult, right? You buy a place, jazz it up, rent it out and enjoy the returns. How could anyone make too much of a mistake? Right? If only it were that easy. In reality, there are actually plenty of different mistakes, missteps and errors that can…
The COVID-induced boom for Australia’s regional housing market has burst, with several regional markets that had the strongest value growth through the upswing now among the fastest declining markets. Corelogic’s Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows house values in six of the most popular lifestyle markets recorded falls of…
New lending for housing has slowed significantly. In fact, fresh data from the Australian Bureau of Statistics show a further fall of 8.2% month-on-month in September, eclipsing a drop of 3.4% in August. Obviously, the rapidly rising interest rates have weakened lending demand and buyers’ budgets have shrunk as borrowing capacities have tightened, meaning the…
House and unit rents across the combined capital continue to reach new record highs, according to Domain’s Rent Report for the September quarter. In fact, combined capital city house rents are up by 1.9% over the quarter, and 12.8% annually, while unit rents are up by 6.5% over the quarter, and 16.7% annually. Why is…
