Tight supply, rising interest rates, and reduced borrowing capacity dampened Australia’s property market in 2022, with prices falling from their pandemic-induced peaks. Prospective sellers have been sitting on the sidelines, delaying decisions to see how high inflation and rising interest rates will affect the market. But Domain’s latest house price report shows that while property…
There’s a lot of media as to where our housing market is headed. In my opinion, whilst much of the current slide in median values is due to a slowdown at the upper end of the housing market, this market has a big future. Here are five reasons why: 1. Current sales activity Table 1…
Both the Fairfax newspapers and The Australian ran pieces on the prudential regulator and lending settings, following a media interview with the APRA Chair. The gist running through several media articles was that mortgage arrears remain low for now, and the 3 percentage points lending assessment buffer introduced in October 2021 remains in place for the…
There is nothing quite as exciting as buying your first home. Homeownership has become a rite of passage in Australia – a marker that you are successfully moving into a new phase of life. But part of the reason it’s so satisfying is that there are challenges to be overcome as a first homebuyer –…
There is always a lot of attention on Sydney and Melbourne’s affluent areas and property markets, but what about the wealthy Australians in Brisbane? Where do they live? Unfortunately, Queensland postcodes didn’t feature on the ATO’s recent top 10 suburbs rich list. However, there is an abundance of wealthy residents and high-priced properties, so with the…
Australia is known for its vast land and open spaces, but in recent years, the size of blocks of land available for residential development has been shrinking. This trend is particularly evident in urban areas, where the demand for housing is high and the land is scarce. The shrinking size of blocks has significant implications…
Normally at this time of the year, the number of fresh listings is moving through a dramatic seasonal upswing, however, early indicators suggest the flow of new listings is starting relatively softly. In fact home sellers are on strike! After a lacklustre listings season through spring and early summer last year, vendors still seem reluctant…
What an incredible 12 months for our property markets around the country! Amazingly, you could have purchased a property anywhere a year ago and you would have made money. On the surface every property looks good in a rising market, but how well have you really done? This is something we work with our clients…
While property prices are still declining, the latest Proptrack stats show the rate of decline is slowing and capital city prices remain well above pre-pandemic levels. The housing market continues to adjust in the aftermath of the COVID-19 pandemic with the latest data from PropTrack showing just a 0.09% fall in January 2023. Despite this,…
A lot has happened to our property market over the last year, hasn’t it? For one, the property boom of 2020-21 ended. Obviously, a property cycle is exactly that – a cycle. While homeowners and property investors enjoyed the strength of the “once-in-a-generation” property boom (which will go down in history and long remembered), that…
