Saturday might be the most popular day for property auctions, but it isn’t necessarily the most successful, new data has shown. A recent Domain auction report has shown a surge in demand for midweek auctions, off the back of Australia’s booming property market. Throughout 2021, sales volumes, supply, and prices hit record highs, forcing real…
Will Australian election campaigns result in a period of uncertainty? How does a change in government affect the investment market? These and other questions were raised and answered by Dr Shane Oliver, Head of Investment Strategy and Economics and Chief Economist at AMP in his recent Insight. The Australian Federal Election The Federal political landscape…
Over the month of March, growth in houses was 0.5% across the combined capital cities, outperforming the growth in the value of apartments. This continues the annual trend where houses grew 22.9% over the last 12 months while apartments only grew in value by 13.2%. At the national level, units recorded a 0.3% rise in…
While Australia’s property market started strongly in 2022, despite concerns about a cash rate increase and the continuing Covid-19 Omicron outbreak, it’s clear that price growth has now slowed across the country. Interestingly, the shift has seen a divide opening up between the suburbs where prices are plateauing and those which are still on the…
What will flooding mean for the Brisbane property market? Flooding was supposed to be a once in a 100-year event and here we are just a decade out from the last round of floods. In the past few weeks and the coming months, it is important to support those in need of assistance and provide…
Increasing storm surges and coastal erosion has the potential to impact $25 billion worth of Australian residential coastal property. The risk score methodology used by Corelogic evaluates combined coastal risks based on compounding storm surge (rapid erosion) and change in coastline (slow erosion), with the latter also implicitly considering ongoing rising sea level trends. It…
News that the Federal Government plans to expand its home loan guarantee scheme to allow more first-home buyers to step into the market without a 20% deposit or lenders mortgage insurance (LMI) was likely music to many people’s ears. And it should be good news. Because using the government’s First Home Loan Deposit Scheme, now…
We know the once in a generation of property boom Australia experienced last year is now over. But what’s really happening to property values now? The new PropTrack Home Price Index, released this month, reveals trends in price growth across the country. In a recent article Proptrack economist, Paul Ryan explained what’s happening on the…
Over the last month or so many readers took some time off on holidays. While having a great time in the sun by the sea, some would have been considered buying a holiday home or apartment. Many think they can get the dual benefit of a rental income and a free holiday. I would be…
Holiday homes are typically located on the coast – in popular tourist destinations, in the country, or by many of Australia’s inland rivers and waterways. Owning a holiday home seems to be the ambition of many Australians, and in fact, one in every twelve households owns one (around 700,000 of them are owned by the…
