When you’re buying property in this market you need to move fast. Days on the market are short at the moment (although they are starting to stretch). Property prices are still rising, although the pace is slowing, and if you’re sifting through the available properties when you find “The One” you need to be ready…
The monthly CPI indicator showed inflation increasing in the year to May, with the ‘trimmed mean’, annual inflation measure lifting to 4.4%, up from 4.1% in April. While the monthly CPI indicator isn’t as complete a measure as the quarterly inflation result, there is concern that inflation is back on the rise, which could necessitate…
In today’s fast-changing property market, one of the common questions I’m asked is “How much is that property really worth?” Obviously, that’s a good question – no property investor or homeowner wants to overpay. For products that are plentiful, transacted often, and largely the same as each other, determining market value is really easy. But…
Be careful – observing the change in median property prices may not be as useful as you think. So here are the main things you need to understand before you draw any conclusions from the regularly reported changes in median prices. How is the median house price calculated? The median house price is essentially the…
It is generally an accepted investment principle that diversification can reduce your risk and improve investment returns. The common vernacular is, to spread your eggs amongst various baskets. I would agree with this principle, so long as it doesn’t result in the deterioration of investment asset quality. Sometimes property investors should not diversify. That’s because…
The prospect of strong capital gains is luring investors back into the market, supported by strong rental price growth that maintains healthy rental yields. Australia is in the midst of a rental crisis, driven by a chronic shortage of available rental properties and strong rental demand from a rapidly growing population. According to Ms Eleanor…
When you’re on the hunt for a new property, there are so many things to consider – location, amenities, is there room for a man cave? What you might not have thought about, particularly if you don’t yet have school-aged kids, is the impact state school zoning can have on property prices. School zones refer…
The conversation around Australia’s housing crisis often circles back to a familiar refrain: we need to build more homes. However, the reality on the ground paints a more complex picture where the push for vertical housing solutions like apartments is increasingly seen as misaligned with market demands and affordability. The high cost of high-rise…
Home prices have surged in recent years, mortgage rates have climbed, and household incomes haven’t kept pace. As a result, housing affordability has plummeted to its worst level in at least three decades. Despite a dire shortage of homes, the delivery of much-needed new homes has faced significant obstacles. Labour shortages, disrupted supply chains, and…
Domain’s latest Rent Report for the June Quarter of 2024 reveals positive news for tenants, with several market indicators shifting in their favour. The report also predicts that this trend will continue over the next year, providing further relief for tenants. The biggest trend is that most major cities are seeing rent prices either declining,…
