In what many investors might describe as a stealthy ambush, state governments across Australia are increasingly turning to property owners to fill their fiscal gaps. While property investors might have breathed a sigh of relief when Canberra backed away from reforming negative gearing in their recent Budget, the state governments are now eyeing property owners…
We are currently witnessing what could be described as the greatest wealth transfer in modern history. As the baby boomer generation begins to age, a massive amount of wealth is being transferred to the subsequent generations. Over the next decade, this generation, who rode a wave of economic prosperity for decades, is forecast to pass…
![Perth housing market update [video] | July 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg "Perth housing market update [video] | July 2024")
Perth is showing little evidence of a slowdown, recording a 2% rise in values in June and a 23.6% increase in the last financial year. The annual gain is the equivalent of values rising by almost $145,000. Despite persistently strong growth conditions, Perth dwelling values remain relatively low compared with the eastern capitals. Extremely low…
![Australian housing market update [CoreLogic’s video] | July 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/10/House-business-section-analysis-270x200.jpg "Can you claim previous renovations?")
Australian dwelling values increased a further 0.7% in June, taking growth to 8% across the 2023-2024 financial year, the equivalent of a $59,000 increase in the median value. In that year, annual growth was way down by a 7.5% drop in values in the nine months following the May 2022 cash rate hike. Despite…
If you want to understand what’s happening in our housing markets around Australia Domain have just released their latest house price report. Combined capital house and unit prices experienced another quarter of gains, marking the sixth consecutive rise for houses and the fifth for units, and reaching new records. Here’s a summary of the Domain…
Typically, you need a budget of circa $1.5 million to purchase an investment-grade house (investment property) in Melbourne, less in Brisbane, and a lot more than $1.5 million in Sydney. Of course, not everyone can afford this budget, so I wanted to discuss how to buy the highest quality property possible within your budget. This…
Do women really make better property investors? There seems to be mounting evidence that this could be the case. Recently Kym Kiyosaki gave her opinion on 8 advantages that women have that make them better investors. Here’s what she said: 1. We’re not afraid to say, “I don’t know.” The person who has to know all…
Do you believe in luck? Interestingly many of those who have been unsuccessful in life believe that wealthy successful property investors “got lucky”. You know…they entered the market when prices were cheaper, or finance was easier, or maybe the market did all the hard work for them. I guess that’s because it makes them feel…
One of the most eye-catching things in the most recent inflation data, aside from the shocking headline number, was the continuous rise in housing costs. Both rents and the cost of new construction are inflating faster than the overall rate. Sure, the pace of growth in construction prices might be slowing down, but they’re still…
Which dynamics predict future property performance? Despite the obvious importance of making accurate property market forecasts, the industry is rife with ineffective and even inaccurate prediction methods. So let’s look at the three key dynamics that predict which way prices are likely to move. Experts utilise many different performance theories and metrics to make their…
