Are you thinking of selling a property? Now you may think your home is wonderful — and I am sure it is — but if you wish to stand out in a crowd and present a polished façade you need to tick some boxes along the way. By this I mean spending a bit of money (where…
I have had some landlords ask me: “Should I sell my property to my current tenants? They have taken great care of the property and treasure it”. Though this may seem the rational thing to do, but will the tenants pay a premium price for your property? We will go into some pros, cons and the…
Australia’s housing market downturn has become more widespread, with four in five house and unit markets analysed across the capital cities recording a fall in values over the past three months, almost double the number that declined in the previous quarter. CoreLogic’s interactive Mapping the Market tool shows 79.5% or 2,405 house and unit markets…
The highs and lows of Australia’s property market were a hot topic even before the pandemic-induced price boom of 2020-2021. And with so much talk about extravagant surges in both the number and value of property sales, talk also turned to how much money some of these ‘lucky’ property investors managed to make. After all,…
As the property downturn spreads across more Australian housing markets, both buyer and seller activity has softened. However, demand for housing finance across owner occupiers that are not first home buyers (i.e., subsequent buyers defined as upgraders, movers, and downsizers) appears to be fairly resilient in the rising rate environment. Using ABS housing finance data…
The recent release of 2021 Census data revealed a shocking “one million homes were unoccupied”. This statistic sent housing commentators, government agencies and policymakers into a spin. At a time of significant housing shortages, these extra million homes would surely make a big difference. They could provide housing for some homeless, ease the rental affordability…
At it’s latest board meeting the RBA lifted the cash rate by 25 basis points. Now that’s the sixth consecutive rate hike, taking the cash rate to 2.6% – the highest it’s been since 2013. Having delivered a shock and awe campaign of massive interest rate hikes since May, the Reserve Bank of Australia chose…
Property prices surged across the country as the pandemic boom, driven by ultra-low borrowing rates and high demand, with some areas seeing an uptick in prices by as much as 69%. But now the heady heights of the pandemic boom have eased – the Reserve Bank is swiftly hiking rates, pushing many would-be buyers off…
Well, mortgage borrowers should brace for more interest rate hikes. But just how many RBA increases are coming have economists divided. ANZ now predicts the cash rate will peak at 3.60 per cent in May next year, instead of 3.35 per cent by the end of this year. It also noted the RBA’s decision to…
As Australia’s rental market continues to tighten to record levels, the pace of rental growth has started to ease, suggesting affordability constraints are having an impact. CoreLogic’s Quarterly Rental Review for Q3 2022, shows the national rental index had its smallest monthly increase this year, up 0.6% in the month to September and 2.3% over…
