Australians are more likely to purchase a property sight unseen than they are a pet, vehicle, or boat, according to new data from Canstar. Believe it or not, the survey of 1,036 Australians reveals that 11% would be willing to purchase a property for owner-occupied or investment purposes without viewing it in person, whereas just…
Canberra’s property market has been a quite steady achiever – but is it a good place to invest? With the Sydney property market past its peak, I know some investors and buyers’ agents are looking to Canberra as an alternative Sure, Canberra is less than 300km southwest of Sydney, and it has enjoyed solid capital…
Saving the deposit for your first property is one of the hardest parts of getting into the market. In fact, it’s always been that way. But, with property prices in Sydney and parts of Melbourne now much higher than in years gone by, saving a big enough deposit is certainly not getting any easier. But…
CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period. Nationally, the number of dwellings sold over the past year was 31% above the…
The Australian economy has demonstrated extraordinary resilience over the past 18 months. In the lead-up to the Delta lockdowns, Australia was the only developed country to have gone into this year’s Delta lockdowns with both GDP and employment higher than before the pandemic hit early last year. However, since June, sustained, repeated lockdowns in Sydney…
Consumer confidence overall has been very resilient to the lockdowns seen in NSW, VIC and the ACT. Despite an extended lockdown period for much of the country, consumer confidence had begun to increase according to ANZ-Roy Morgan, amidst revealed plans in NSW to reopen. With consumer sentiment lifting and business confidence in yesterday’s NAB Business…
When it comes to property it’s all about location, location, location. So where are Australia’s safest suburbs located? Budget Direct has recently released its inaugural Safe Suburbs Map for 2021. This covers how safe each suburb is from property crime, covering postcodes within Queensland, New South Wales, Victoria, and South Australia. Budget Direct’s Jonathan Kerr…
I noticed an interesting trend developing over the few months before the current Covid Cocoon locked down our property markets. In those booming days, there were more buyers purchasing their property before auction than ever before. Driven by FOMO (fear of missing out) and record-high property prices across the country, the number of pre-auction sales…
Rent – it’s the basis of the whole landlord-tenant relationship. In the simplest of terms, tenants pay money to the property owner in exchange for being able to live in the place. Although the fundamentals are simple, when it comes to rent increases it can get a little combative. Raising the rent is often a…
Approximately half of Australia’s population is currently in lockdown, and this may continue for another few months until vaccine target levels are reached. I wanted to discuss what impact this may have on the property market and the broader economy. Of course, there are wide-ranging impacts The impact of Covid lockdowns can be wide-ranging. Dealing…
