Over the past year, we’ve seen a notable surge in weekly rents for both houses and units, but here’s the kicker: unit rents are climbing at a much faster pace than those for houses. According to PropTrack’s data, house rents have jumped by 10.5% year-on-year nationally, adding an extra $55 to the weekly bill. However,…
Given the resilience in local and global economic growth over recent months – along with continued steady declines in inflation – it appears increasingly likely that a soft economic landing is probable this year. In Australia, the December quarter consumer price index had dropped to 0.6% on a quarterly basis, and to 4.1%, on an…
In some of Australia’s most sought-after suburbs, finding a rental property is an increasingly herculean task. With a tiny fraction of properties available for rent tenants face fierce competition, driving up rental prices and exacerbating the existing rental crisis. High demand and limited supply are leaving many in a lurch. However, it’s not all doom…
Is Australia set to fall 200,000 homes short of target? Tom Devitt, Senior Economist at HIA, recently shed light on a concerning trend in Australia’s housing market. According to the latest HIA Outlook report, Australia is gearing up to construct just over one million new homes in the coming five years. This figure falls alarmingly…
Today I wanted to share my top wealth-creating insights. One I learned from our premier property training event – our 5-day Wealth Retreat. You see… As I start preparing the curriculum for this year’s event that will be held on the Gold Coast in April this year I’ve been reviewing my notes from previous years and…
Over the last few years there has been an uptick in landlords selling their investment properties, especially in Melbourne and Sydney. Data from PropTrack reveals a notable increase compared to last year, painting an intriguing picture of the current market dynamics. Investor sales on the rise PropTrack reports that in Sydney, during the December quarter,…
In the past year the Australian rental market has seen a remarkable surge in weekly rents for both houses and units. However, according to PropTrack, nationally, weekly house rents have climbed by 10.5%, marking an average increase of $55 per week. In contrast, unit rents have leapt by an impressive 17%, translating to an $80…
Forget the allure of Powerball’s staggering $200 million jackpot – a group of Australian property owners have already struck gold. Recent data from PropTrack reveals a fascinating trend: 67 suburbs where median house and unit prices have not just increased but doubled in the past five years. Where median house and unit prices doubled in…
It is often debated which is a better investment, property or shares. It is my thesis that property is an okay investment, but not as good as shares. However, when you factor in gearing (the ability to borrow to invest), property becomes a wonderful investment – better than shares. Property versus shares The main advantages of shares…
One of the biggest changes over the time I’ve been investing in property is the abundant availability of property research data. Today there’s a plethora of statistics offered about Australia’s property scene – median house prices by the year, the quarter, the month or day, median advertised rents, rental vacancy rates, auction clearance rates, days…
