In June, national home prices continued their upward trend, marking the sixth consecutive month of increase with a further 0.3% rise, according to PropTrack’s latest data. This positive momentum has brought national home values to a point where they are now only 0.1% below their levels from a year ago. Consequently, it appears that the…
Sales of new homes have continued to fall sharply following a year of cash rate hikes. Of course this has come at a time of a general undersupply of residential real estate both for sale and to rent, exacerbated by strong immigration numbers. The latest HIA New Home Sales Report revealed that sales of new…
The latest report from PropTrack revealed that new loan commitments increased by 4.8% in May 2023 to $25 billion. This means that property buyers are becoming increasingly active even after 12 interest rate rises since May 2022. The report also showed that investor lending picked up the most, with a 6.2% increase, while owner-occupier lending…
With the rise of the sharing economy, the accommodation industry has seen a significant disruption. The primary catalyst behind this disruption is Airbnb, a platform that has reinvented how people travel and invest in real estate. The desire for more cashflow has prompted some landlords to ponder whether they should list their properties on online…
Most of the time, well almost always, when you hear about a change in dwelling values, it reflects prices achieved at sale. Homeowners often misinterpret what this means to them. Many think, that if say, the median value of dwelling sales fell by say 5% over the past twelve months (for example), that their home…
When was the last time you went on holiday? For some that may be a touchy subject, as many Aussies were restricted in their movements over the last few years But now that the borders have opened again and holidays are back on the agenda, I would suggest there will be a similar process involved…
Investors usually diversify their properties to minimise exposure to risk. But if we know exactly where and what properties to buy in order to secure the most profitable outcomes, we can safely put all our eggs in one basket. Many advisers say that putting all our eggs in one basket is a high-risk strategy. They…
Whether or not you personally give any weight to superstitions, it may pay to consider them if you are buying or selling a property. Generally speaking, westerners are not overly superstitious and males less so than females, but we do live in a multicultural society. Many immigrants bring their traditions and superstitions with them and…
Australia claims the title as the most popular destination in the world for high net worth individuals (HNWI) with more than $1.47 million (US$1 million) to invest. A new report shows 3,800 HNWIs moved to Australia in 2022, representing the biggest influx of any country worldwide. And the figures are set to be higher still…
In all the debate about Australia’s housing crisis, the impact of transport has been largely overlooked. When we talk about transport, it’s usually about time spent commuting and not the out-of-pocket costs. While housing is typically the biggest household cost, spending on transport is the second or third-largest cost – and these costs are inextricably…
