It looks like 2023 is going to be a watershed year for property. Sure there are still many economic headwinds that we’ll encounter and this has led to many mixed messages in the media and this together with uncertainty about our economy and jobs is causing a feeling of confusion for many investors. But what…
During the COVID-19 pandemic years, our government battled to keep the economy in growth despite lockdowns and border closures by creating massive amounts of new money. We are now experiencing the legacy of this strategy in the form of higher interest rates, inflation and rising housing prices. At the onset of the pandemic, most economists…
New data from APRA this week shows a more conservative approach to housing lending in the December quarter of 2022. The Quarterly ADI statistics report reveals the portion of new loans originated on a debt-to-income ratio of six or more dropped to just 11.0% in the quarter, after peaking at 24.3% a year earlier. The…
I’d like to share how I’ll be investing in 2023. In fact, this is how our team at Metropole will be helping our clients invest in property in 2023. Whether you’re new to the game or you’ve already built a property portfolio you’ll probably benefit from what I’m about to share, because even though each…
Consumer sentiment is the lowest since the GFC Rate hikes have had quite an impact on sentiment. In fact surveys suggest that consumer sentiment is now lower than at the nadir ensuing from the Zombie apocalypse of 2020. It’s the lowest level since the global financial crisis of 2007-2009. Still, financial markets are pricing for…
Thinking of buying an investment property, but you truly don’t know where to start? You’re in good company: many new investors feel overwhelmed and bamboozled by information and research when they’re deciding where to buy. This can unfortunately lead to costly mistakes, so here’s a handy list of five crucial missteps property investors can make…
How long does it take for property values to double? After all, capital growth is one of the main reasons people invest in residential real estate. But it’s not that simple. The problem here is that naive investors believe this myth and buy any old property thinking it will double in value in a decade…
The unique feature of Ponzi schemes is that they use money collected from new investors to pay out existing investors. This means that when the number of new investors starts to fall, they can suddenly crash. But be warned – they exist in our housing markets. Property booms often start with a genuine rise in…
Despite skyrocketing interest rates and continuous price falls over the past year, Australia’s property market has now seen a slight upturn, according the latest PropTrack Home Price Index report. According to the report, in February, national home prices rose by 0.18%, except for Hobart, which experienced a decline. Adelaide, Sydney, and Melbourne saw less than…
Following the one-year anniversary of the East Coast floods, the devastating impact that extreme weather events and climate change can have on people and property cannot be understated. Last year’s weather events, described by some as a ‘rain bomb’ that saturated areas of South East Queensland and coastal NSW saw thousands of properties inundated, displacing…
