Domain’s September Quarter 2021 House Price Report shows Australian house prices experiencing a historical rate of growth at 21.9 per cent. This is the fastest annual rate of growth on record with median house prices at almost $1 million nationally. Although house and unit price growth rate has been the fastest on record, quarterly growth…
House prices in some of Australia’s more popular school catchment areas have soared by as much as 46% over the past 12 months. Parents are paying a premium for homes in locations that make their children eligible for enrolment in high-performing or popular government schools according to the 2021 School Zone Report by Domain Group. Domain’s…
There’s a new sway of million-dollar suburbs in Melbourne suburbs where the median house price has cracked one million dollars according to the REIV. While Melbourne housing values suffered because of its extended lockdown which severely impacted market activity in 2020 since late October the Melbourne property market has rebounded strongly despite its intermittent Covid…
Is the home really just a home anymore? Let’s be honest since COVID our houses have become homes, schools. offices and full services restaurants – especially during lockdown periods. But according to Domain we have even changed what we look for in a home? There has been a significant change in what people wanted in…
Queensland had the highest volume of property sale settlements in the September 20211 quarter according to PEXA – the electronic property settlement platform. In fact, Queensland was the only state to achieve positive quarter-on-quarter volume growth according to Pexa’s Property and Mortgage Insights report The impact of the extended lockdowns in NSW and Victoria was…
The trend of empty-nesters moving from large, luxury homes into large, luxury units has has been called “rightsizing” rather than downsizing. Apparently owning an expansive house with a white picket fence and garden with stretching green lawns is no longer the Australian dream retirees and many wealthy families Instead, they are rightsizing, or downsizing, for…
Australia’s $3 million suburb club has doubled again in 2021 thanks to the housing market boom, as the luxury property market powers ahead during the pandemic. The hot pace of property price growth this year has led to more suburbs cracking the $3 million median house price, realestate.com.au senior economist Eleanor Creagh said. “The luxury…
APRA – the financial regulator for the big banks – has introduced a policy initiative designed to reduce perceived emerging risky lending. APRA is concerned that because of our recent strong housing market activity, home loan sizes are increasing faster than incomes, potentially increasing the debt load for new borrowers. This could become an issue…
How have the coronavirus lockdowns affected you? Has the pandemic changed your strategy or approach to property investing? Are you considering moving to live in a different location because of COVID-19? These are only some of the Covid-19 related questions we recently asked 1,700 Australian property investors and would-be investors in our annual Property Investment…
We know that Brisbane property values have increased by over 22% in the last year, but who is driving this demand for Queensland property? Home loan data allows us to identify who is buying and therefore driving demand for property. Figure 2 shows that at the beginning of Covid-19 there was a dip in the…
