Sydney has long held the crown as Australia’s most expensive city, consistently commanding a premium over Melbourne. However, this premium has now reached historic extremes. The latest PropTrack data reveals that the typical house in Sydney fetches a whopping 70% premium over its Melbourne counterpart. Put simply, Melbourne’s median house price is about 41% cheaper…
Negative gearing and capital gains tax are back on the national agenda as Australians deal with a housing crisis and politicians look for ways to tackle the issue and win voters’ support at the upcoming election. The Labor government confirmed last week the tax concessions were being reviewed. Meanwhile, the government is struggling to pass…
Are you an expat considering buying an investment property in Australia? Well… you’re not alone. Since the pandemic lockdowns eased (remember those?) and our international and domestic borders reopened there has been a shift in demand across all our property markets. Buyer interest has jumped from expats flocking to Australia to escape rising social and…
Property stakeholders often feel a little nervous about a bank valuer visiting. After all, valuers show up, poke around and then send a verdict to the lender about whether the price paid, or estimate made, ‘stacks up to market’. It can feel like there’s bad news pending, particularly in a softer property price cycle like…
Do you understand the ripple effect and how it relates to property and price growth? It is a similar concept to dropping a stone in a pond, the result being small ripples moving outward. In a property sense, we have a CBD as the centre point and the ripples as suburbs move further away. A…
As someone who has spent the best part of their professional life involved with property markets and public policy, I reckon I’ve seen pretty much every type of lunacy at work. When it comes to housing, that lunacy frequently ascends to new heights. The latest hysteria is nothing we haven’t seen before and will see…
Which suburb is Australia’s most populous? A recent question from one of our Local Government clients prompted this piece on our most populated suburbs and the pitfalls of looking at numbers without context. Australia seems to have an obsession with “big things”. You know, the Big Banana in Coffs Harbour, the Big Merino Sheep in…
The great Australian dream of owning a home is slipping further out of reach for many, particularly those in the most common occupations. Recent reports paint a grim picture for teachers, nurses, and other essential workers, who now find themselves grappling with a housing market that’s increasingly beyond their financial reach. If you’ve been paying…
The debate around negative gearing is once again heating up, with a particular political party of a Green persuasion arguing that abolishing it could be the magic bullet to solve Australia’s housing affordability crisis and housing shortage. “Just slug greedy, rich property investors by reforming negative gearing and capital gains tax and it won’t increase…
In this blog, I’ll be talking about the housing market on a national scale, and there are two charts as part of this missive and two tables. First, supply and demand drive real estate. And you can see from our first chart that the number of dwelling sales – that is, the demand side of…
