We know that Australian house prices rose 2.3% during the 12 months to September 2022. I estimated that house prices could rise by 4% for the year ending September 2022. My model was a little bit out. Splitting hairs if you ask me, especially against the wild forecasts that are currently being thrown about. Well, based on the…
There’s no doubt we’re currently in a buyer’s market. Australia’s property market peaked in April 2022 and now we’ve moved to the next stage of the property cycle, the adjustment phase, and at the combined capital city level, housing values have fallen -6.5% following a 25.5% rise through the upswing. What this ultimately means is…
Investing in property with your super has been extremely popular over the past few years, hasn’t it? And the reasons why are far more interesting than it just being a bit trendy! The main benefit is that super is an alternative avenue for property investing that has very little impact on personal finances or your future…
For decades, most people’s money mindsets were focused on reducing debt as quickly as possible. A newly married couple would buy a house and then diligently pay off the mortgage over the next 20 or 30 years. Then, when they retired, they owned their own home, but they generally didn’t have much money apart from…
We’ve been living in tumultuous financial times. The RBA’s previous suggestion that interest rates would hold at their low settings until 2024 went out the window in May this year. Spiking inflation saw the Reserve raise the cash rate by 0.5% in May this year. Monthly increases continued, and the cash rate has now gone from a…
Australia has a long history of population growth. Since 1820, there have only been two time periods where Australia has seen a net annual decline: between 1915 and 1916 during the First World War and from 2020 to 2021 during the international COVID-19 lockdowns. Over the last decade, around 60% of our population growth has…
Borrowing capacity has probably never been tighter in the 20 years since I started ProSolution! This is delaying investment plans for some clients. However, I expect this to be temporary and an easing in borrowing capacity might not be too far away. How borrowing capacity rules have changed over recent years In 2019, the banking…
The number of suburbs in Australia’s million-dollar club has shrunk considerably in the past six months as the weight of rising inflation, consecutive rate hikes and falling property values takes its toll. Since April, the median value in 169 suburbs around the country has dropped below seven figures while only seven suburbs across capital cities…
Have you wondered how Net Overseas Migration (NOM) affect apartment sub-markets? Well, Mr Richard Temlett, Research & Strategy Director at Charter Keck Cramers suggests that Net Overseas Migration (NOM) is a key driver of several housing sub-markets across Australia. This is particularly the case with the many apartment sub-markets which still primarily rely on NOM…
The Block was once again a hugely popular TV show this year. After three gruelling months of sleeplessness and renovations paid off for the couples competing to sell their properties for a profit. Not surprisingly it encouraged a new generation of property investors to turn their hands to renovation. But if you ran the renovations…
