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…
The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting, continuing what is now the fastest and largest rate hiking cycle on record. The cash rate has jumped 325 basis points since moving off record lows in May last year. Today’s rise in the cash rate was…
The property market is experiencing a surge in foreign buyers and renters as migration booms post-Covid. In fact, the latest data from PropTrack show an increase in search activity based abroad, by a staggering 65% in 2022 compared to a year earlier and were 20% higher than pre-pandemic levels. Karen Dellow, Senior Data Analyst at…
The story of the three little pigs and their experience with property provides investors with valuable insights into how property booms occur and why they end. Each of the three little pigs chose a different strategy, one building a house from straw, another from sticks and the third from bricks, but in the end, only…
We keep track of housing finance approvals as they are a good “leading indicator” of what’s ahead for our property markets. Based on the latest data released by the ABS, new housing loan commitments fell 4.3% month on month in December, its eleventh consecutive month of decline, to be at its lowest level since October…
It is alleged that Sydney-based financial advisor, Melissa Caddick stole $25 million from her clients. She has recently gone “missing”, leaving a trail of disaster for her clients and family members. Many con artists are very cunning and go to great lengths to conceal their wrongdoings. But there are a few simple steps you can take which…
Are you considering selling your home or investment property? Sure Australia’s property market came off the boil in the first quarter of 2022 as demand softened and the Reserve Bank began to hike borrowing costs. And even though prices will still fall further, the rate of decline is slowing. This means those interested in selling…
It’s been well documented that property prices rose significantly over the course of 2020 and 2021. According to the Real Estate Institute of Australia, median house prices in eastern capital cities rose between 30% to 40% over those 2 years. However, unfortunately, apartments underperformed compared to houses in a big way. I wanted to discuss…
