The way property is bought and sold has changed a lot in Australia over the past few decades. Not only have we seen listings move from shop windows to online portals, but buyer’s agents have become a growing part of the sector, too. While they have been a part of the profession in the US for…
Experts who are claiming that the property market will crash over the next year will soon be caught with their pants down. Why? Because they’re looking at the wrong numbers. They point the finger at interest rate rises, but even a rate rise of two per cent will still leave rates lower than they were…
With interest rates rising, is now the time to shift your focus to cash flow? It is understandable as the cost of holding an investment property increases the more interest rates rise. For the best part of a decade, this has not been much of a concern for the average investor, with interest rates at…
Australia’s population grew by 0.9 per cent in the year to March 2022, according to the latest data from the Australian Bureau of Statistics (ABS). Beidar Cho, Demography Director at the ABS, said that with the softening of international border closures, net overseas migration added an estimated 110,000 people to the population. “After two years…
Since the start of Covid, we have seen a large jump in the number of dwelling approvals across the country. And during this time, due to limited overseas migration, the demand for new housing has actually fallen. But now, Australia is facing a potential oversupply of new homes. Yes, an oversupply! This is also factoring…
You’ve probably seen scenes like it on a late-night police reality show. Officers storm into a property and uncover marijuana plants, hydroponic lighting set-ups and a cache of guns and cash. But what if you had to do a double-take when you realised that the front door they just broke down belonged to your very…
At the board meeting on 4th October the RBA took the cash rate target 25 basis points higher, a lower increase than in the preceding four months. At 2.6%, the cash rate target is now at the highest level since July 2013 and surpasses the decade average prior to the onset of COVID-19 (which was…
We keep track of housing finance approvals as the are a good “leading indicator” of what’s ahead for our property markets. Based on the recent data released by the ABS, housing loan approvals fell 3.4% month on month in August, following a sharp 8.5% fall in July, As you can see from the see charts,…
Is the Australian rental market heading to more challenging times? According to REA’s senior economist, Eleanor Creagh, “a perfect storm is brewing that will likely see the already stretched rental market placed under further strain, causing prices to climb higher.” In fact, right now, the labour market is under intense pressure, with the unemployment rate…
How is the spring season shaping up for Australia’s housing markets? Well, the property markets have slowed as interest rates have risen, and apart from falling consumer confidence and concerns about inflation, one of the big factors driving property prices lower is prospective buyers’ reduced borrowing capacity. Ms Eleanor Creagh, Senior Economist for REA shared…
