At its core, real estate is about demand and supply. When demand exceeds supply, then values often rise. When supply is greater than demand, values either plateau or fall. The degree of rise or fall often relates to the magnitude of the demand and supply imbalance. I have included six charts this post – three…
The fear of missing out is one of our most powerful survival instincts, but in our modern societies often leads to seemingly irrational behaviour. Remember those crazy supermarket scenes early last year as people stampeded and fought each other to buy a few rolls of toilet paper? More recently it’s been happening in the property…
The Real Estate Institute of Queensland (REIQ) has opposed the proposed rental reforms that would cap rent increases and scrap “no grounds evictions”, saying these could potentially push investors away from the state. The Green Party in Queensland has recently introduced a Private Member’s Bill into Parliament, which outlines changes to residential tenancy laws. Antonia…
When the Hawke-Keating Government in 1991 announced the Better Cities program to revitalise previously run down (mostly inner city) areas, it was the New Farm–Teneriffe area identified by then Brisbane Lord Mayor Jim Soorley as one ripe for renewal. He appointed Trevor Reddacliff to head an Urban Renewal Taskforce and a 20 plus year program…
Australia has enjoyed a record-breaking surge in house prices with the steepest increase in almost 18 years recorded in the first quarter of 2021 alone. But a new REA Insights report reveals that despite the climbing prices, it’s still cheaper to buy than rent in nearly 57% of all the properties across Australia. The results,…
Pulling together the information for a loan application can seem daunting, and may even feel a little invasive. If you’ve never applied for a loan before, gathering all of your most personal financial information – such as your credit card statement which reveals exactly how many takeaway coffees you’ve had this month – to hand…
What will trigger the next property downswing? With housing market values at record highs, and strong demand driving above-average levels of buyer activity, CoreLogic has found many are asking “what will trigger the next housing market downturn, and when.” Before examining current headwinds for the current housing market upswing, it is insightful to examine what…
The reality is, the majority of Australians do not have enough superannuation for a comfortable retirement. And this means you could be forced to work for longer than you’d planned. This is a big problem for baby boomers in particular given the latest ABS data shows us there are nearly three million Australians over 50…
Sydney homeowners could earn more than double the average annual wage by the end of the year if economists’ house price predictions come true. Corelogic’s latest home value index showed Australia’s property boom continues to roll-on while housing values lifting another 2.2% in May alone. Home values grew stronger in May than they did in April…
Australia’s rental markets are tightening with the vacancy rate falling in May for the second consecutive month nationally and now sitting at 1.7 per cent according to Domain’s May Vacancy Report. The last time national vacancy rates were this low was in February 2020, the month before the COVID pandemic caused widespread lockdowns. This is…
