What can we expect from 2022 considering the current COVID-19 situation? What’s the prognosis for inflation? Should we expect an economic recovery in the near future? 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…
It is likely that 2021 marked the peak of value growth across Australian dwellings, and may have also marked a peak for sales and listings activity. Affordability constraints have worsened, vendor activity has surged toward the end of the year, and the housing finance space is currently showing signs of tightening and slowing. The accumulated…
Hasn’t it been an incredible year for our property markets in 2021? They have soared to heights nobody could have predicted just 12 months ago when there were so many grey clouds on the horizon. But what happens next and what does 2022 have in store for our property market? Only time will tell, but…
The recent mass interstate exodus by Victorians is continuing, with annual totals now at the highest levels since the recession of the early 1990s. By contrast, interstate migration into Queensland continues to rise, with that state remaining clearly the most popular destination for relocating Australians The ABS reports that Victorian net interstate migration fell by…
Interest rate bingo entails making a successful guess about when we’ll see our first interest rate rise in Australia since 2010, and for most of the year, it’s been even money that the increase will come in early 2024. Ever since November 2020, when the Reserve Bank of Australia (RBA) cash rate landed with a…
New Australian houses are the biggest in the world according to a new Commsec report. New houses in the ACT are on average the biggest in Australia while Victoria builds the biggest apartments But while the average size of new houses fell in Australia over the past year, the average size of new apartments has…
A new study indicates property investors have ‘doubled the distance’ between where they live and where they invest in response to the pandemic. The analysis also revealed which state most buyers are investing in. Our latest Property vs. Postal survey showed remote and borderless investing had been supercharged by COVID19. We analysed the details of…
There are lots of polls of consumer confidence, but what does the property industry really thinks is ahead for our markets in 2022. Well..the ANZ/Property Council’s latest survey shows that confidence in Australia’s property sector has hit its highest point since March 2018, with the industry gearing up for a strong economic recovery in 2022….
Is homeownership the key to happiness? According to new research by Finder, 83% of homeowners have reported being happy compared to only 69% of renters. According to Finder’s Consumer Sentiment Tracker, a nationally representative survey of more than 30,000 respondents, those who rent report lower levels of happiness and higher levels of money stress than…
The extraordinary momentum carried over from 2020, coupled with monetary and fiscal stimulus measures has contributed to an unprecedented year of growth and litany of outstanding results for the Australian residential housing market. The estimated value of Australia’s residential real estate had gone from $7.2 trillion at the end of November 2020, to reach a…
