Whether you are a property investor or a homebuyer, understanding what homebuyers are looking for has never been more crucial. As homebuyers make up around 70% of our housing markets, they are the ones that drive property price growth. With spring now in full swing, new research by Domain reveals that today’s buyers aren’t just…
![Adelaide housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/adelaide-270x200.jpg)
Adelaide is showing little signs of losing momentum, with housing values rising a further 1.1% in October, the eighth month in a row where values have risen by more than 1% month on month. The latest rise has added approximately $8,540 to the median dwelling value across the city. The local unit market is driving…
Sydney’s rental market continues to be in crisis, with extremely low vacancy rates, high rent prices, strong demand, and a rising population keeping the city’s property market in a pressure cooker environment. Here’s a rundown of all the current Sydney rental market trends, and what we can expect to face next. Current rental market trends…
![Melbourne housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
Melbourne’s housing market has recorded seven consecutive months of decline, with the market down a further 0.2% in October, taking values 0.8% lower over the rolling quarter, to be down 1.9% over the past 12 months. The unit sector has been more resilient to the downturn, but not immune. Values across the unit sector have…
I believe most people spend too much of their lives trying to reduce perceived financial risk. The opportunity cost of this approach is very high and puts lifestyle goals at risk. Too much focus on risk reduction Many people buy a home and then focus on repaying debt. They then upgrade their home and once…
When it comes to buying a new property, one of the first things to think about is how much money you can afford to repay each month. While taking out the largest mortgage possible might seem tempting, the higher the mortgage, the higher the repayments, so too much could see you end up with very…
![Sydney housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/sydney4-270x200.jpg)
0.1% fall in Sydney home values was the first monthly decline since January of 2023, following a short but sharp 12.4% drop in values between February 2022 and January of 2023. Weaker conditions have been led by the most expensive areas of the market, with a 0.6% fall in upper quartile house values over the…
Are you wondering what will happen to the Melbourne property market for the rest of 2024 and into 2025? Over the last four decades Melbourne has been Australia’s strongest performing housing market ; however, over the last couple of years it has underperformed. In fact, over the last 12 months dwelling prices have been basically…
Are you wondering what’s ahead for the Sydney property market in 2025? Well…Sydney’s home values have continued to increase throughout this year, although the pace of growth is slowing. The surge in properties for sale in Sydney hasn’t yet slowed demand, with prices rising 0.2% in September and 4.5% over the past year. Both buyer…
Are you wondering what’s ahead for the Brisbane property market for the rest of 2024? Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout 2024, with dwelling values continuing to go from strength to strength. Brisbane’s housing market skyrocketed over the last few years with…
