Eight interest rate rises this year have created some big winners and losers. So let’s look at the different effects these rate hikes have on investors, homeowners and renters. This year, the Reserve Bank has made home loan repayments far more costly for households with mortgages than expected. That’s around 3.3 million households impacted, but…
The Queensland property market saw one of the strongest price upswings across Australia and some of the highest rent increases through the pandemic. This was because of several factors that were in its favour, including: a highly diverse economy strong internal migration trends and international tourism attractions, including the 2032 Brisbane Olympic Games Well, these…
As expected the Reserve Bank raised the cash rate by another 25 basis points last week – the eighth consecutive hike and a total increase in interest rates of three percentage points. This brings the cash rate to 3.10%, which is its highest level since November 2012. Clearly the board remains committed to overcoming the…
Which countries in the world are the best for long-term property investment? Well, Compare the Market has revealed in new research that the top three nations are Lithuania, Hungary and Iceland, Poland and the Czech Republic. Meanwhile, Australia ranked 27th out of the 34 countries analysed, and is in the company of countries like Switzerland…
The new PropTrack Overseas Search Report shows that searches from overseas are now at their highest levels since the start of the Covid pandemic. Not surprisingly in March 2020, as the pandemic began, searches from overseas property seekers on realestate.com.au dropped by 15% and then remained relatively static until border restrictions were lifted in late…
There are three things that I think are worth taking a closer look at in our housing market. Well, there’s the home buyer profile, housing constraints and conditions affecting the buyers’ decision to buy. In this article, I’ll discuss the latest trends in these. Buyer profile Table 1 outlines the spread of buyer types for…
House prices are still falling, but the rate of decline is slowing. National dwelling values fell -1.0% in November, the smallest monthly decline since June. CoreLogic’s national Home Value Index (HVI) moved through a seventh month of decline in November, down -1.0% over the month to be -7.0%, or approximately -$53,400, below the peak value…
Well, there’s a lot of negative property news that the media is feeding us. Obviously, it created a state of alarm for property investors. However, we should not worry. So, in this blog, I’ll explain why we shouldn’t be alarmed by all the negativities we read or hear about the property market. Housing values Apparently,…
What could I possibly learn from a SAS Commander that would make me a better property investor? All things considered, it seems impossible to be able to draw a comparison between the two. There were several things that struck me after spending a weekend away with an ex-SAS Commander, but one thing stood out. It…
Australia has some of the most luxurious properties, best beaches, and now… some of the ‘coolest’ streets in the world. So what makes a street particularly ‘cool’? That’s what Time Out asked more than 20,000 people for their Time Out Index for 2022. According to the locals in each city, it’s down to a whole…
