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…
When property prices leave even the most seasoned real estate professionals shaking their heads in disbelief, you know you need to pay attention to what’s going on. A leading panel of experts at a recent AltX webinar suggested that traditional property valuation metrics and sales performance no longer provide an accurate prediction of property sales…
As property values increase strongly around Australia at a time when wages growth is minimal, affordability becomes more strained as house prices rose faster than the capacity of the typical household to repay a mortgage. We know that last year regional Australian property values grew stronger than capital city values, but this trend has since…
With all the lockdowns happening in Australia, it is very hard to keep a positive, optimistic, future-focused perspective. Of course we need to remember that compared to all other areas of the globe we are managing pandemics extremely well. Oceania has 35 COVID deaths per 1 million residents. This compares to around 15,000 COVID deaths…
Land tax is levied on the value of an investor’s landholdings on 31 December each year. It is an insidious tax as any land tax is relatively small when you initially purchase an investment property but typically increases each year. As such, the problem is that it can become quite costly by the time you…
House prices in some of the most sought-after neighbourhoods in Australia have been rising as much as $20,000 a week in the months before lockdown, according to new analysis by Domain. The Sydney housing market has been going gangbusters this year and according to the latest Domain House Price Report, property prices in several areas…
There is a clear relationship — a causation not a correlation — between the annual change in housing finance (when brought forward by six months) and the annual movement in house prices. These two charts help explain the short-term future direction of Australian house prices. Chart 1 suggests that house prices are likely to surge…
Many believed that recurring lockdowns and working from home restrictions would lead to a baby boom, but it’s not in sight – yet. John Lindeman explains why, and what’s around the corner. It seems natural that periodically locking down couples at home and closing public entertainment and recreation facilities would lead to more babies being…
The coronavirus outbreak and continued lockdowns and restrictions have done little to dampen Australia’s property market. Recent Domain data shows that property prices have reached record highs across all capital cities as the perfect storm for Australia’s property market continues to roll out. Australia’s national median house price has climbed exceptionally close to the million-dollar…
Australian homeowners are holding onto their properties for longer than ever as a lack of properties to buy at a time of rising property values creates uncertainty about being able to find a better alternative. 10 years ago, the average length of time Australians stayed in each property they own was 7.5 years for houses…
