New data from CoreLogic indicates 2021 is the most common year in which homes were last purchased, and roughly one in five Australian homes were purchased in the past five years. A snapshot of when Australian housing stock was last bought over time is presented in Figure 1 below. Unlike an annual turnover rate, which…
For many young Australians, the dream of homeownership has felt increasingly out of reach. Gen Z, in particular, has been facing a perfect storm of rising property prices, stagnant wage growth, and increasing living costs. It’s no wonder their outlook on entering the property market has been less than optimistic. But leading demographer Simon Kuestenmacher…
The Vacant Residential Land Tax (VRLT) in Victoria has been a topic of much discussion, especially among property investors and homeowners who may be affected by this tax. Originally, this tax applied only to residential land in the inner and middle suburbs of Melbourne, but recent legislation has expanded its scope to include all of…
You probably know – like I do – a number of few people who’ve done very well out of property over the years… despite not taking much interest in it, and having no special skills. And although I don’t want to discourage you in your quest to be an elite and highly informed investor, this…
Investing in property can be one of the most effective ways to build wealth, but it’s not without its pitfalls. Over the years, I’ve seen many investors make the same mistakes repeatedly, often derailing their financial goals. Here are 10 common missteps property investors make and how you can steer clear of them. 1. Falling…
Proposed changes to the minimum energy efficiency standards for rental properties in Victoria could soon see landlords facing increased costs in a bid to help the state move towards net zero emissions. While the intentions behind these reforms are commendable, the reality is that these changes will have significant financial implications for landlords, many of…
Top economists are unanimous in believing Australia’s housing market is in crisis. Offered a choice of 14 measures identified by the Economic Society of Australia as likely to restrain prices for buyers and renters, none of the 49 leading economists polled picked: “Do nothing, the market will determine appropriate prices”. The economists chosen for the…
Brisbane’s property market might not match the sky-high prices seen in Sydney and Melbourne, but over the past few years, the sea-change shift effect has seen its population boom, with even our richest property buyers flocking northwards. And it has put some of the city’s most affluent streets on the map. Brisbane’s house prices boomed…
It’s no secret that parking can add value to a property. But rising population density is now making the humble parking space a sought-after feature. In his recent column in Switzer, John McGrath examines what people have been willing to pay to park their cars. This is a question that will never have a definitive…
Potential sellers are often told that spring is the best time to sell their property and at first, this seems a no-brainer. The weather is warming up, gardens look their flowering best and buyers are returning to the property market in droves after hibernating during the long cold winter. Sellers are also frequently warned that…
