Property market performance across Australia’s east coast, particularly South East Queensland and Northern New South Wales over the past year, could be summarised as having leading price growth, increased auction activity, and favourable internal migration trends. However, the end of February was a sobering reminder of the impact of extreme weather events and climate change….
How will the Russian-Ukrainian conflict affect the investment markets? What are the 5 big picture implications of the war? What is about the Australian shares’ resilience? 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. Here’s what…
Is this continued media cycle of mixed messages leaving you feeling a little confused? Well, standby. From the people that bought you the 40% house drop, the job keeper and mortgage cliffs and the last one out of the Cities turn the light off, comes… Reverse migration as sea and tree changes head back to…
Amid record house prices, rising demolition fees, and surging construction costs a new trend is emerging: free houses. Just last month, the owner of a 4-bedroom house in Kirrawee in Sydney’s Sutherland Shire advertised their property for free. But there’s a catch. It doesn’t come with the land it sits on. The 60-year old house,…
Supply and demand has always been a major factor driving our property markets So let’s start with some numbers. These figures are for Australia and cover the 2021 calendar year. Detached houses Annual demand (sales): 425,000 Supply (Listed for sale): 158,000 (as of January 2022) Supply in months: 4.5 Annual price growth: 25% Attached dwellings…
What will be happening to the inflation level throughout 2022? Will wages growth be sufficient this year? How will the Russian-Ukrainian confrontation affect the economy? What will be the dynamic of Australian home prices in the foreseeable future? These and other questions were raised and answered by Dr. Shane Oliver, Head of Investment Strategy and…
Housing loans for investors struck a record high in January, as new figures showed the growth in Australian house prices was at its slowest pace since October 2020. The Australian Bureau of Statistics said loans for housing rose 2.6 per cent in January to $33.7 billion. Of these, owner-occupied mortgages rose one per cent to…
Where are our property markets heading in 2022? Now that we’ve got two months of data under our belts the picture is becoming clearer. Last year property values increased in almost every location around Australia, and that’s very unusual. Around 98% of locations across Australia recorded price uplift; most had double-digit growth and the value…
Home loan activity continued to rise over January following the recovery surge in post-lockdown activity recorded over the final months of 2021. Clearly Covid restrictions and uncertainties have failed to dampen demand for housing with lending still tracking at record levels. The ABS reports that the value of home loans seasonally adjusted (excluding land and…
The RBA has predictably confirmed that there will be no change to official interest rates for March. The Bank has also importantly reiterated its established position regarding the future direction of rates, with rate rises clearly off the agenda for the foreseeable future. The Bank stated in its March report that “The Board will not…
