In decades gone by, it was common for first-time buyers and all buyers to purchase a house in the suburbs. A lot has changed over the years, with units and townhouses now surging in popularity. Lower maintenance and superior positions closer to the city are key drivers for these buyers. According to the latest Census…
What Are the Next Suburbs Where House Prices Will Exceed $1 Million in 2025? First, let’s look at where the $1 million suburbs are right now and how they’ve been growing over the past decade. As of May 2024, there were 857 suburbs in Australia with a median house price of at least $1 million,…
Times are changing and we’re at the beginning of a new property cycle. Many of the housing markets around Australia have experienced consistent property growth over the last 7 months. But despite that, not all the property news all good and the many mixed messages in the media are causing some would-be investors to doubt…
In the ever-evolving landscape of real estate there has been a notable shift in focus towards neighbourhood when home owners have been making their buying decisions. And investors should similarly focus on selecting the right neighbourhood as this trend transcends mere aesthetic appeal or status symbols; it delves into the more profound aspects of socio-economic…
Australian Bureau of Statistics (ABS) data shows NSW dwelling approvals declined in June by an appalling 19%. The 1,597 private houses approved in June is the lowest recorded figure for NSW since January 2013, according to the ABS. These figures highlight the dire and worsening, housing crisis in NSW: Through immigration, the NSW population is…
Daily we see sombre images from conflict zones like Gaza, Ukraine, Haiti and along the Coup Corridor in Africa. These evoke a mix of compassion and concern. For many, the sight of fellow humans fleeing from violence and upheaval provokes empathy, yet it also sparks apprehension, particularly among residents of affluent and much more secure…
Look what’s happened to property prices!
Knowing what you know now, who wouldn’t have liked to buy their parent’s house for what your parents paid years ago?
Are you looking at buying your first home in Australia in 2024? It can be exciting, terrifying, daunting, frustrating, and expensive – all at the same time! Property markets are strengthening by the day, with prices in most states close to or surpassing their COVID-19 pandemic peaks. While the strengthening market and climbing property prices…
Foreign cash flowing into Australian homes has surged by an additional $400 million, according to new figures, solidifying Queensland as the new hot spot for overseas investors. Data from the Foreign Investment Review Board (FIRB) for the October to December 2023 quarter shows 1,580 residential real estate investment proposals worth $1.9 billion were approved. The…
Demographics will drive our destiny and that’s why it’s important for property investors and business owners to understand the changing demographic trends, including population forecasts. I recently attended a great webinar by demographers Informed Decisions – id.com.au Here are some of the takeaways from that session, but you can register to watch the full webinar…
