It happens every year. The TV show “The Block” inspires a new wave of investors keen to get involved in renovating and “flipping’ properties. Just to make things clear “flipping” is where you purchase a property and then sell it within a short period of time for a higher price, usually having added value…
Are we near the peak of the interest rate cycle? We know that the Reserve Bank Board decided to increase the cash rate by 50bps to 2.35% at its September meeting. But the RBA recently signalled that the ‘normalisation’ phase of their rate rises is over. Bill Evans, Chief Economist of Westpac recently made the…
After COVID lockdowns fuelled record-breaking growth rates among many of Australia’s regional lifestyle areas, NSW and Queensland’s beach and country hot spots have been the first to register a quarterly fall in house values. CoreLogic’s latest quarterly Regional Market Update examines growth conditions across Australia’s largest non-capital city regions, showing the largest 25 non-capital city…
Australia’s national property prices fell further again in August as reduced borrowing capacity and fast-rising interest rates continue to weigh on demand. Across the country, property prices dropped another 0.39% in August to a new $763,000 median, and are now 2.7% below their peak, according to the latest PropTrack Home Price Indicator report. Prices continued…
Historically, house prices don’t go through wild boom and bust phases. Instead, we tend to see a period of gains – quite often surging, followed by a slight decline or flatlined pricing according to Dr. Nicola Powell, Domain’s Chief of Research and Economics Interestingly, Domain’s latest analysis of Australia’s combined capital house price cycles reveals…
How often have you thought to yourself, if only I had more money, life would be that much simpler? Do you feel like you never have enough? Are you constantly spending your salary the day it lands in your account and then eagerly waiting for the next payday so your stocks are replenished and you…
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…
Some people argue that buying a property is the most stressful part of the investment journey. But some find the property settlement process when the property is legally transferred from one party to another, a harrowing time. You have to rely on a team of conveyancers or solicitors, your finance broker, and your property manager…
There’s lots of talk that rising rates will cause mortgage stress which may even crash the property markets. But the value of new mortgages with risky levels of debt has continued to drop, according to new data released by APRA. APRA’s Quarterly ADI Property Exposure report for the June 2022 quarter shows 22.1 per cent…
I hate to repeat what everyone else is saying, but clearly, we are living in challenging times. Despite all the bad news in the media, there is also good news out there if you look for it. But there’s no doubt there are still many challenges ahead of us: The Corona Virus Pandemic is still…
