Crisis conditions have gripped Australia’s rental markets in recent years, with affordable rentals now few and far between. According to PropTrack, nationally advertised rental prices are up 43% for houses and 46% for units compared to pre-pandemic levels. In some markets, like Queensland and WA, median advertised weekly rents have surged by close to 80%…
The number of buyers entering the property market has continued to grow in the past year despite the cash rate peaking in the current rate cycle at 4.35%. The latest ABS Lending Indicators show the number (in original figures) of first home buyers, owner-occupiers and investors in total has grown by 31% annually with 50,188…
Australians looking to buy a property will now need to save as much as $65K more than 5 years ago as booming house prices hiked up how much buyers need to front up in order to buy their dream home. Australia’s property market defied the many doomsday forecasts and moved through the bottom of the…
Post-COVID housing stress has been especially intense in Queensland. Brisbane property prices have climbed by 65% since the pandemic began. That’s almost double the Australian capital city average (34%). According to new data released by CoreLogic this week, Brisbane now has the second-most expensive housing in the country, behind Sydney. Prices rose by 1.4% in…
The Australian economy came close to a standstill in the first three months of this year. March-quarter economic growth sank to just 0.1%, meaning that, when adjusted for inflation, there was hardly any more income, spending or production than the quarter before. Treasurer Jim Chalmers said the figures “laid bare” the weakness of the Australian…
The fresh smell, the clean slate, the low maintenance, and the primal need to be the first to mark your territory: are just some of the reasons why buying a brand new house or unit is enticing. However, that doesn’t mean it is a smart decision. The truth is, there are no ifs or buts…
As a seasoned property investor, I’ve witnessed firsthand the intricate dance of the property markets. Over the years I’ve come to appreciate that property investing is a complex affair and despite all the podcasts, blogs, webinars and so-called “advisors” the fact is that most investors fail to achieve the financial freedom they are looking for….
You might be surprised to learn that wrangling a couple of little monsters and working in real estate have an awful lot in common. With their unique set of experience and skills, it’s no wonder real estate agents make fantastic parents! And it’s not just because they’ll be able to help their kids get into…
If you ask me, one of the many overused words in property is “bargain.” For novice home buyers and investors, sure, price is important. However, what they don’t recognise are the inherent risks of buying a secondary property. With our property market moving forward around Australia, many buyers are looking to find that rare bargain….
I’ve met so many investors who are fixated on rental yields – but for me, capital growth is always the number one thing to look out for when buying an investment property. Building wealth through real estate is best achieved by buying quality investment-grade properties and holding them for the long term, allowing the market to…
