Over the last couple of years, the key factors driving Australia’s population growth have all fallen. The biggest factor of growth prior to COVID-19 was net overseas migration, which accounted for 60% of the population increase in recent decades. However, for the first time since World War Two, the net overseas migration rate has gone into…
Regardless of the economy, the stage of the cycle or market conditions, property is always a hot topic of conversation. And with our housing markets having delivered staggering growth over the last couple of years there is now that talk of us entering the next stage of the property cycle. The spectre of rising inflation…
The slowdown of Australia’s property market has worsened as rising mortgage rates and high property prices see buyer demand slump further, according to the latest PropTrack Housing Market Indicators report. The report shows that demand from prospective buyers continues to slip back from the extreme levels witnessed in 2021, as expectations of price falls dampen…
Amid the excitement of buying a new property, it’s easy to let down your guard when it comes to insurance. But there are a number of options you should consider to get peace of mind against the unexpected. Whether you’ve found your forever home or you’re buying an investment property, these are the 3 key…
Whether your property is new or not, making sure it’s in top condition when you put it up for sale or for rent is crucial. Some places might need more than just a spit and polish, and that’s where you want your money to work smarter, not harder. Ideally, you want a champagne renovation on…
Australia’s property boom sees 5 Aussie cities placed in the global top 20 for prime property price growth in 2022. International property consultancy Knight Frank’s Prime Global Cities Index Q1 2022, crowned the Gold Coast as Australia’s top-ranking prime property market thanks to robust property price growth. The city ranked in 7th place with a…
Australia’s pandemic property boom looks like it has come to an end, with new figures showing house and unit prices either stagnated or fell for the first time since the June quarter of 2020. And the price shift, amid jitters over rising interest rates, has affected some types of properties more than others. 2-bedroom houses…
Residential real estate, inflation and interest rates just can’t stay out of the news can they? The latest CoreLogic Chart Pack provides a detailed overview of key market metrics, so here’s what happened in May. Market overview The combined value of residential real estate was valued at $9.97 trillion at the end of May, just…
While Australia’s property market started strongly in 2022, an increasing cash rate and concerns about inflation saw property price growth drop across capital cities for May for the first time since the Covid-19 pandemic began in early 2022. Nationwide, property prices dropped 0.11% in May to a new median of $691,000, according to the latest…
As the Australian housing market enters a downturn phase, the number of sales and listings that take place nationally is tipped to fall from recent highs. In May of 2022, there were 39,790 sales estimated to have settled across Australia. While that is high for this time of year, it is 26.9% lower than in…
