Homeownership in Australia is embedded in wealth accumulation, security of tenure, and security in retirement. In other words, homeownership in Australia makes life a lot easier in the long run than renting. While surveys indicate most Australians want to own their own home, the latest available data shows only 66% of households do. As we…
From lockdowns to social distancing, high vacancy rates to people working from home, and even closed down cafes, bars and shops — our CBDs took a beating during the Covid-19 pandemic. The influx of CBD-based workers, visitors, and new residents have been key in CBDs maintaining their role as centres for activity and employment. So…
Vocal market commentator and fund manager, Chris Joye wrote in the AFR in November last year that Australian house prices could fall by 15% to 25% after the RBA starts increasing interest rates (here’s a copy of that article). Of course, there are many property doomsayers that perpetually (and often inaccurately) predict property market crashes….
While some bank economists are predicting that house prices will fall this year or in 2023 as interest rates increase, I’d like to explain why property prices will continue to rise. Economists are concerned that the Reserve Bank will soon raise interest rates to slow down inflation because inflation is very hard to reign in…
Australia’s property market delivered enormous growth during 2021 and with the peak of the market predicted to be in sight, there will likely be many homeowners out there wanting to sell before property prices take their predicted plunge (which by the way…I don’t think will happen the way people are predicting.) Once you’ve made the…
Luxury homes were the asset class of choice for Australia’s ultra-rich, with 1-in-3 spending nearly a third of their wealth on their main or second property last year, according to Knight Frank’s latest Wealth Report. The high demand for luxury homes has seen a literal race for space, with ultra-wealthy Australian buyers competing for large…
Last year was an extraordinary year for Australia’s housing market – around 98% of locations around the country recorded an increase in the median property value, with many of those values surging by more than 20%. Data from the Australian Bureau of Statistics (ABS) confirms that the total value of Australia’s 10.8 million property portfolio…
Brisbane’s property market might not match the sky-high prices seen in Sydney and Melbourne, but as owners and investors flock to the sunshine state amid a sea-change shift effect, some of the city’s most affluent streets are being put on the map. Brisbane has finished 2021 as Australia’s fastest-growing property market, with property prices continuing to…
Australia’s latest inquiry into housing affordability and supply provides an update on some of the key issues weighing on homeownership across Australia. The report provides sixteen recommendations that can loosely be split into either supply or demand-side factors that influence housing prices. Across its 200+ pages, the report provides a valuable summary of the evidence…
The global pandemic has catalysed remarkable shifts in the Australian housing market. From the temporary shutdown of cities to an unprecedented monetary policy strategy, the new-found popularity of regional and low-density housing preferences, and the introduction of various government home-buying incentives, the COVID period has had distinct impacts on the composition of buyers and the…
