Demand for share housing has hit record levels according to data from Flatmates.com.au This surge is a direct response to the escalating housing crisis, where both buying and renting have become prohibitively expensive, driving more people towards shared living arrangements. 2024 Rental market overview: no relief in sight The start of 2024 has not brought…
We’re living in interesting times, aren’t we? A time of social and political unrest but also a year into a new property cycle – a time when lifetime wealth will be created by some people, but unfortunately not by most. So as we head into the second quarter of 2024 I’d like to share a…
Australia is facing a significant decline in new home supply, plummeting to its lowest point in over a decade by 2026, This drop will exacerbate the challenges in housing and rental affordability, potentially leaving the federal government’s ambitious goal of constructing 1.2 million homes by mid-2029 far out of reach. In the capital cities alone,…
Further restrictions on short-term rental properties listed on platforms such as Airbnb and Stayz are on the table in Australia. Public pressure to ease the housing crisis is mounting. This makes quick-fix solutions to make housing more affordable and increasingly attractive to governments. But any policy should be evidence-based. So what can we learn from…
It has been said that a picture is worth a thousand words. So limited words this week. I will let the charts and tables do the heavy lifting. So, what is going on in the new housing space? Here is a snapshot. Chart 1 and Table 1 show owner residents outnumber investors when it comes…
The housing sector in Australia is at a crossroads. With housing approvals at their lowest since August 2009, we’re facing a situation where the current housing shortage could worsen unless decisive action is taken. The challenges at hand Several factors are creating a perfect storm in the housing sector. According to Eleanor Creagh, Senior Economist…
Do you know the difference between price and value? Well, you should… because the two principles are quite different and can make a big difference to your chances of achieving financial independence or freedom. Wise words from the “Oracle of Omaha” Warren Buffett is an American investor, industrialist, and philanthropist and is widely regarded as…
Recent trends reveal a fascinating shift in the housing market: the pandemic-driven appetite for larger homes is making way for a growing preference for smaller, more compact living spaces. This is particularly evident in the rental market. At the height of the pandemic, we witnessed an unprecedented demand for larger homes. People, adapting to remote…
There’s a striking surge in property prices in select suburbs of Sydney and Melbourne, with some increases exceeding $240,000 over the short span of three months, recent data from CoreLogic reveals. This upward trend suggests a significant turning point, indicating a sustained housing market recovery in 2024. Sydney In Sydney, the suburb of Longueville stands…
More than one-quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, with buyers immune to recent interest rate hikes, according to a new report released by PEXA. PEXA’s 2023 Cash Purchases Report found the total value of cash-funded residential sale settlements (that is, properties purchased without…
