Melbourne house values have increased a mere 1.6% between the onset of COVID in March 2020 and the end of May 2023. Every other capital city has seen double-digit growth, ranging from a 16.5% gain in Sydney to a 45.2% surge in Adelaide house values during that period. Melbourne homeowners might be disappointed at the…
Australians who have no place to call “home” is increasing, and that should not be happening in Australia where we have one of the highest standards of living in the world. In fact, the most recent count of rough sleepers in NSW recorded 1,623 people compared to 1,207 people last year. Regional areas are particularly…
There’s been plenty of attention on the supply and demand deficit contributing to the Australian property market’s resilience. As of May, new listings added to the market were -20% below the previous decade’s monthly average across Australia and the ‘months of supply’ ratio, which measures the amount of time it would take to deplete stock…
So after a few years of hard work, you’ve got a neat little fund set up, and you know that one of the best long-term ways to invest your money is to put it in property. You’ve heard the success stories of million-dollar portfolios, of investors who have managed to retire early on high-growth properties…
All investment asset classes move in cycles. Investment returns are almost never linear. As such, investors must expect good and bad periods, which is why patience and discipline are big contributors to an investor’s success. I suspect that commercial property investors’ patience and discipline are about to be tested. This asset class is facing a…
In good news for those stuck in “mortgage prison”, Australia’s biggest bank, CBA, has announced it will lower the stress test on select refinance applications from 3 percentage points to just 1 percentage point. By the APRA guidelines, banks are required to subject all new mortgage applications, including refinancing, to stress tests. But moves by…
Almost 1,700 Australian house and unit suburbs have recorded a rental increase of 10% or more in the past year, despite the pace of rental growth showing signs of easing. CoreLogic’s national rental index shows the rate of rental growth has softened slightly, with rents up 0.8% in May compared to the 0.9% and 1%…
The Australian property market hasn’t taken the big, prolonged plunge that the pessimists forecast. In fact, the most recent PropTrack Home Price Index indicates that the ongoing price rebound carried on through May, and we’re seeing prices go up in more places than before. Home prices across the country have been going up for the…
With the end of the financial year coming up soon, I thought I would provide some general tax strategies for property investors to consider: 1. Documentation Keep summaries of all your rental income and expenses. This is much easier if you have your property manager looking after your property where they pay all expenses and collect all…
An undersupply of rental accommodation and an increase in renters is deteriorating affordability, a new report from ANZ and CoreLogic has found. The ANZ CoreLogic Housing Affordability Report: reflections on the pandemic and the rental market unpacks the state of affordability in the Australian rental market and looks at the many ways in which the…
