Some homebuyers are looking at the property market now and thinking “how will we ever afford to buy the XYZ house we want to live in…?” Not only have the last 12 months resulted in a substantial uplift in house prices, but the amount of money people can also borrow has been reduced by approximately…
Have you heard of “Dual Key” investments? They are the poor cousin of the humble duplex – but unlike the duplex they make terrible investments. While dual-key properties are a fairly recent concept in Australia and are mainly built in Queensland and aimed at investors who are looking for cash flow, they have long been a common…
A surge in new builds and renovations coupled with supply chain disruptions and a shortage of materials has resulted in an unprecedented spike in construction costs. CoreLogic’s quarterly measure of residential construction costs reveals a national increase of 3.8% was recorded in the three months to September 2021, outpacing the Consumer Price Index of 0.8%…
The Reserve Bank has used Friday’s quarterly assessment of the economy to declare that lockdowns have “delayed but not derailed” Australia’s recovery. It says economic activity probably contracted 2.5% in the three months to September, but the December quarter (the one we are in now) will regain most of what was lost, leaving the economy…
Rents are on the rise across Australia However, growth in rental rates has eased slightly, with the national rental index rising by 1.9% over the September quarter compared to a 2.1% rise over the June quarter. While we have seen some easing in rental growth, national rental rates are 8.9% higher year-on-year which is the…
How have the coronavirus lockdowns and the recession we experienced last year affected your household finances? Have you applied for a mortgage repayment holiday for your home or your investments? Has the pandemic changed your strategy or approach to property investing? These are only some of the Covid-19 related finance questions we recently asked over…
As expected the RBA has left official rates on hold over November at the record low 0.1%. Despite the near-certainty that rates would remain on hold, speculation has intensified that the RBA may now be inclined to bring forward its previous forecasts that official rates would not increase until at least 2024. Market speculation of…
Australian property prices rose 1.5% in the month of September despite the fact that many of us were still living in a Covid Cocoon. Housing values surged 20.3% higher in the past year, and even rose a massive 46 per cent in certain coveted school zones, pumped up by the Reserve Bank’s reassurances that its…
Are you planning to buy an investment property in 2021? Or maybe you’re hoping to buy a new home? Well, you’ll be in good company because 55.2% of the respondents of a recent survey believe now is a good time to invest in residential real estate. This is significantly fewer than the 74% keen to…
While our property markets have boomed over the last year with the strongest rebound in property values for decades, the rental property market has been more subdued. Domain’s recent Rental Market Report gives a great insight into what’s happening in our property markets around Australia. And there have been some significant changes across the country….
