I don’t know about you, but I’m seeing a lot of so-called “experts” on social media confidently forecasting the direction of our real estate markets and property prices for the balance of 2023 and beyond. However, if they really knew how to predict our markets these individuals would likely be enjoying a luxurious lifestyle, reaping…
Several new population studies have been released over the past couple of weeks. Frankly, reading them is like watching the paint dry. So, I have summarised – including some estimates from my end – the big picture in two simple tables. The first table shows a few things: The annual population growth rate over the…
The latest interest rate decision was always going to be a line ball; however, the 25 basis point lift will likely be the last in the most rapid rate hiking cycle on record. Although inflation has been trending lower since peaking in the December quarter of 2022, yesterday’s rate hike reflects the RBA’s uncertainty about…
After declining for most of last year, home prices have started to increase again in 2023, with April marking the fourth consecutive month of rises nationwide, according to the latest PropTrack Home Price Index. This is due to factors such as strong migration, limited supply, and tight rental markets, which are offsetting the impact of…
The rental markets throughout the country are already highly competitive due to a shortage of available rental properties. This has led to historically low vacancy rates and skyrocketing rents. This situation is especially pronounced in metropolitan areas, particularly in the apartment market, where strong demand drives up the pressure. Add to that the latest data…
Asking rents are rising almost everywhere because there are not enough vacant rental properties to meet the demand. Property investors create rental supply, but rather than being rewarded, they are discouraged by falling prices, low rental yields and ever-increasing restrictions on landlord rights. Why on earth would anyone invest in residential property when the rental…
The state of Australia’s rental market is concerning, with no signs of relief in sight. Advertised rents have surged while vacancies have hit historic lows, all due to a scarcity of rental properties. Over the past year, the demand has shifted from regional areas to the capital cities, particularly the unit market, as overseas migration…
Another senior economist has changed their view on the housing market. One by one they are upgrading their property forecasts and agreeing that our housing market won’t crash like they had previously forecast. Recently ANZ’s economists amended their more pessimistic outlook and now expect capital city housing prices to end this year unchanged before a…
Following ten consecutive rate hikes, mortgage holders may be relieved to learn that the Reserve Bank (RBA) is slowly getting closer to taming inflation. The ABS inflation figures for March showed further signs of gradual cooling in the economy, including a pronounced slowdown in inflation for the construction of new dwellings. On a quarterly basis,…
Following a decrease from its peak to a trough of slightly more than 4%, it seems that national home prices are now on the rise again, with Sydney spearheading the recovery. The housing market began the year with more strength, and after nine consecutive months of decline, home prices increased for the third time in…
