Australia reopened its international border in February for the first time in nearly two years, enabling emotional family reunions and tourism boost – and even our property market has benefitted. According to a recent PropTrack report, total property searches on realestate.com.au from overseas jumped by 23% year-on-year in June. Perhaps most interestingly rental properties saw…
Property prices have fallen from their peak around the country as consecutive interest rate hikes increase lending costs and dampen demand. But while price falls are widespread, some suburbs have bucked the trend. The sea- and tree-change trend has seen many Australians move to lifestyle or coastal suburbs where homes are larger and more affordable….
Buyer demand is falling in all our property markets, yet the cause of this hesitancy is not solely due to interest rate rises, but the fear and even panic that rate hikes create about possible housing price falls or even crashes. This fear of the unknown explains why potential property buyers are holding back, even…
They say hindsight is 20:20 – and that is certainly true when it comes to property investing. Most of us start out without much knowledge behind us and only realise we are making mistakes when it’s too late to do much about them. Here’s a list of seven things I wish I’d known when I…
I know that many property investors are a little intimidated by the thought of bidding for a property at auction. I can understand why because auctions are an emotional and exciting event. And even after bidding at hundreds and hundreds of auctions, I must admit I still get that surge of adrenaline every time I…
The COVID-19 price boom is over for some of Australia’s most affluent suburbs as buyer demand wears off and price falls begin to pick up speed. Some of Australia’s most expensive coastal suburbs along east-coast Australia more than doubled national gains in property prices from the trough to the peak of the COVID-19 pandemic as…
Traditionally, spring is a time of fervent activity for the Australian property market as sales and listings increase. However, spring 2022 is expected to hit a little differently amid higher mortgage rates, weak consumer sentiment, stretched household budgets, and weaker buyer interest. Buyer segments may perform differently than others, and there’s likely to be a…
Patience is a virtue, particularly when it comes to Australia’s penchant for residential property. The short-term trends may be the talk at a weekend barbecue and in the media, but Australians tend to hold their homes a lot longer than a typical market cycle. For some context, Australia’s median hold period (ie the number of…
No one wakes up one day and is instantly an expert in anything. It usually takes years of practice to perfect any endeavour or skill. This is one of the reasons why I struggle with the concept that property investing is seemingly “easy”. Sure, buying a property might seem relatively simple on a transactional basis,…
We know that rentals have shot up lately as most of Australia is experiencing a rental crisis. But looking back over the last decade, inflation has outstripped rental growth, so we’re really only experiencing a catch-up in rentals. The Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA) have found…
