There is nothing quite as exciting as buying your first home. Homeownership has become a rite of passage in Australia – a marker that you are successfully moving into a new phase of life. But part of the reason it’s so satisfying is that there are challenges to be overcome as a first homebuyer –…
There is always a lot of attention on Sydney and Melbourne’s affluent areas and property markets, but what about the wealthy Australians in Brisbane? Where do they live? Unfortunately, Queensland postcodes didn’t feature on the ATO’s recent top 10 suburbs rich list. However, there is an abundance of wealthy residents and high-priced properties, so with the…
Australia is known for its vast land and open spaces, but in recent years, the size of blocks of land available for residential development has been shrinking. This trend is particularly evident in urban areas, where the demand for housing is high and the land is scarce. The shrinking size of blocks has significant implications…
Normally at this time of the year, the number of fresh listings is moving through a dramatic seasonal upswing, however, early indicators suggest the flow of new listings is starting relatively softly. In fact home sellers are on strike! After a lacklustre listings season through spring and early summer last year, vendors still seem reluctant…
What an incredible 12 months for our property markets around the country! Amazingly, you could have purchased a property anywhere a year ago and you would have made money. On the surface every property looks good in a rising market, but how well have you really done? This is something we work with our clients…
While property prices are still declining, the latest Proptrack stats show the rate of decline is slowing and capital city prices remain well above pre-pandemic levels. The housing market continues to adjust in the aftermath of the COVID-19 pandemic with the latest data from PropTrack showing just a 0.09% fall in January 2023. Despite this,…
A lot has happened to our property market over the last year, hasn’t it? For one, the property boom of 2020-21 ended. Obviously, a property cycle is exactly that – a cycle. While homeowners and property investors enjoyed the strength of the “once-in-a-generation” property boom (which will go down in history and long remembered), that…
The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting, continuing what is now the fastest and largest rate hiking cycle on record. The cash rate has jumped 325 basis points since moving off record lows in May last year. Today’s rise in the cash rate was…
The property market is experiencing a surge in foreign buyers and renters as migration booms post-Covid. In fact, the latest data from PropTrack show an increase in search activity based abroad, by a staggering 65% in 2022 compared to a year earlier and were 20% higher than pre-pandemic levels. Karen Dellow, Senior Data Analyst at…
The story of the three little pigs and their experience with property provides investors with valuable insights into how property booms occur and why they end. Each of the three little pigs chose a different strategy, one building a house from straw, another from sticks and the third from bricks, but in the end, only…
