All too often property owners sign up an agent and engage them to sell their property as either their sole agent or exclusive agent without really appreciating the difference between the two. Some investors too think that they should only ever sign a sole agency just in case they sell the property themselves and can…
Imagine an affordable, hassle-free investment in one of our major cities that offered a guaranteed rental return of over 6% and a long term lease with fixed annual rent increases. In cash-strapped times, this would seem an opportunity too good to miss. But, as always, there is a darker side. Welcome to the world of…
Australia’s house prices are seeing the fastest quarterly decline on record. However, September quarter could be a peak quarterly decline, according to Domain’s House Price Report. It’s not really as bad as some of the property pessimists are predicting. In fact, house prices across the combined capitals are now 4.9% below the March 2022 price…
How did Australia wind up with the tightest ever rental market? Well, it has been the culmination of a number of decisions over a number of years that have created the tightest rental market on record – and there’s no quick or easy way out of it. If we go back to 2014, investor borrowing…
How are our property markets doing now that we’re halfway through spring? Well, rising interest rates have quickly rebalanced the housing market from last year’s extreme growth levels, haven’t they? The current stage of the property cycle is now characterised by widespread price falls. In fact, prices nationally are now sitting 3.4% below their March…
Australia’s rental market is booming, with rental rates surging across the country as tight supply and record-low vacancy rates push competition for rental properties to a crisis point. At the same time, record levels of internal migration to locations such as Brisbane and Greater Queensland have further exacerbated the supply-demand imbalance in many areas. New…
With the recent growth phase well behind us across most regions of the country, attention is squarely focused on how much housing values could fall before levelling out. After CoreLogic’s national Home Value Index (HVI) surged nearly 29% through the recent growth phase, the full extent of how far housing values will fall remains highly…
There is currently more pressure on our inner-city rentals due to the opening of our international borders earlier this year. Net permanent & long-term arrivals, which are a timely monthly proxy for Australia’s net immigration, have surged. Tenants’ conditions remain tough Home prices are falling around the country on the back of rapidly rising interest…
Many lenders are taking a number of weeks (sometimes months) to approve loans at the moment. These delays have been caused mainly by significantly higher mortgage application volumes and the operational disruption from onshoring back-office services due to Covid lockdowns in the Philippines and India. As such, banks are prioritising applications for borrowers that have…
A property transaction is like a big machine, with many moving parts that do different things but should each spin in harmony to get the job done. There’s the real estate agent, responsible for handling the sale of the property. Sometimes there’s a buyer’s agent, who represents the person buying the property. There are lawyers…
