Our rental markets are on the move. CoreLogic’s recently released Quarterly Rental Review shows the national rental index increased 1% over the month of March and 2.6% over the March quarter. Continuing the trend seen since the onset of the pandemic, regional dwelling rents outpaced growth in capital city dwelling rents over the quarter, with…
Where does the world’s ultra-wealthy population live? The pandemic, geopolitical tensions, and supply chain disruptions have thrown the world into disarray in recent years, but that hasn’t stopped the world’s ultra-wealthy population from growing at a strong clip. New data from this year’s Wealth Report by Knight Frank shows that the number of Ultra-High Net…
Wondering what’s happening in our rental markets? Let’s start with some helicopter numbers. Table 1 outlines the current housing rental vacancy rates across the larger urban areas in Australia. Most locations have a vacancy rate under 1%. Weekly rents for detached houses have risen by 15% over the last twelve months. It now costs, on…
Since the coronavirus pandemic hit our shores, Australia’s property market has grown at an unprecedented rate. Closed borders, economic stimulus and low mortgage rates have driven demand for property sky high, pushing prices out of reach in many suburbs across the country. As lockdowns continued and the work-from-home trend became more permanent, many people flocked…
Property auctions have historically garnered the best sales results for sellers, and their popularity is growing further, particularly in some particular areas or dwelling types. A recent Domain auction report shows that over the past 10 years the proportion of property sales by auction has almost doubled across Australia. Although this uptake does vary between…
Over the past 30 years, Australia’s economy has faced financial reform, commodity booms, a global financial crisis, and most recently, the Covid-19 pandemic. But in spite of all these significant events, our property market continues to strengthen to today’s record high. According to the Aussie Progress Report, which was commissioned by Aussie and developed by…
Mortgage rates are on the rise in Australia as funding costs and speculation about an impending RBA cash rate rise in the next few months puts pressure on banks. While there was no change in the cash rate at yesterday’s RBA meeting for April, rate hikes are coming. The big four bank economists have forecast…
The Covid-19 pandemic, lockdowns, and ongoing restrictions have seen Australians reevaluate what they want from their home. The sea- or tree-change shift shows people have refocused their attention on what is around them, with buyers increasingly venturing out of their usual neighbourhoods and suburbs to regional Australia in search of a different lifestyle. Because home…
New housing loan approvals fell 3.7% in February compared to the previous month. Both owner-occupiers loans (-4.7% month on /month) and investors loans (-1.8% month on month) fell – but this is not surprising considering the slowing down in the housing market. Despite the fall, the level of housing finance approvals are still 69% above pre-pandemic February 2020…
New research from Commonwealth Bank and Deloitte reveals that financial abuse costs victims, and the Australian economy, more than $10 billion per year. The staggering research found that over 380,000 women and 240,000 men were subjected to financial abuse by a former or current partner in 2020. That is 1 in 30 women and 1…
