At its core real estate is all about supply and demand. So in this blog, we’ll take a closer look at the state of our property market supply and demand. The Australian market Table 1 covers the Australian market, and it shows that detached house supplies are on the increase, when compared to current sale…
Are you looking to get a home loan in 2023? Well, Ryan Gair, CEO of Rate Money, said that… “Australians looking to get a home loan in 2023 will experience hurdles or roadblocks they haven’t faced before.” Gair identified the 5 challenges borrowers are likely to face in 2023: 1. Australians will have less borrowing…
There are many large and powerful institutions that have a vested interest in rising property prices. But all levels of government (i.e., federal, state and local) probably have the most to gain, as I’ll explain in this blog. This leads to two important observations. Firstly, the government is the main contributor to housing affordability pressures…
We’re just a few weeks away before the year ends. And boy, what a year it has been for property! In fact, commentaries say that Australia’s property market in 2022 will be defined as the year that transitioned into a downturn from a once-in-a-generation property boom. 2022 Property market highlights Well, following extraordinary price growth…
It is becoming increasingly difficult to buy an investment-grade house for under $1 million in Brisbane, Melbourne, and Sydney. This begs the question; if your investment property budget is less than $1 million, where and how do you invest it? Brisbane is becoming more difficult In early August 2021, I presented an investment case for buying an…
Australia’s unit market struggled to keep up the pace with the housing market amid the Covid-19 pandemic boom as closed borders halted incoming migrants and local dwellers vacated their city apartments in search of more space in lifestyle suburbs further away from the city centre. But now the pandemic lockdowns have eased and our international…
An increase in the official cash rate by the Reserve Bank of Australia (RBA) has caused concern across Australia’s lending and property landscapes. The ratcheting up of the rate has resulted in headlines proclaiming that blown-out loan servicing costs and reduced borrowing limits spell Armageddon for property prices. While I recognise the need to attract…
The supply of new properties coming onto the market has significantly tightened across the country since lending costs have surged, demand has tapered and prices have fallen from their peak. So it’s interesting then, to be able to identify the hotspots in each Australian city where we could see an uptick in the supply of…
What’s the current state of Australia’s property markets? Well, ABS recently released new data on Australia’s residential sales volume and median prices. My only comment is that according to the national statistician Australia’s housing market is holding up quite well despite the rise in interest rates and other household costs. It was no surprise then…
Springtime typically draws out buyers and sellers of real estate in Australia, with longer daylight hours, fine weather and lush gardens enhancing the look and feel of properties. For a decade prior to the pandemic, there was an average uplift of 21% in new listings nationally between winter and spring. New listings hitting the market…
