There’s a noticeable shift in the Australian rental market with high income earners squeezing lower income earners in the rental market, according to a paper by the Australian Housing and Urban Research Institute (AHURI). Higher-income earners, those making $140,000 and above per year in 2021, grew from 8% of the private rental market in 1996…
Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed that low-income Australians are facing a housing crisis like never before. In fact, if you rely on the Youth Allowance, there is not a single rental property across Australia you can afford this…
We know we are experiencing a housing crisis, due to a shortage of dwellings to buy and rent and this has, in part, been brought about by challenges within the residential construction industry. Capacity constraints, rising costs, and tight housing supply have driven up prices for existing homes and rental rates. PropTrack examined the significant…
Australia’s national property prices reached a new peak in March, having lifted for 14 consecutive months in a row. The latest PropTrack data shows property prices have increased 1.57% so far this year to sit 6.79% above March 2023 levels. Compared to that 6.79% property price growth, wages grew at a (still impressive) 4.2% over…
The Australian home loan market is a vastly different place than it was a few decades ago. Today, there are a number of home loan products on the market designed to suit a range of financial circumstances. One of the these products is a home equity loan, which is a credit facility that taps into…
Our instincts helped get us out of caves and into centrally heated homes – but can they help us become better traders? Imagine you are one of our primitive ancestors. The world is a frightening place. Virtually everything is bigger, faster, hairier, and stronger than you are. The only advantage that you have is your…
Australia’s rental market is in crisis with vacancy rates at all-time lows, slim rental stock and skyrocketing prices. But there are some areas bucking the trend. New PropTrack data shows that in some regions, the availability of rental properties is actually increasing. Could this be a sign that our rental crisis is turning a corner?…
National housing markets have continued to rise over April but growth rates were significantly lower than the strong results reported over March. The national capital city median house price increased by just 0.4% to $1,129,408 over the April quarter compared to the March quarter, according to the latest data from My Housing Market. The national…
If you visit southern Greece or Tunisia, you might notice lots of white rooftops and white buildings to reflect the intense heat and keep residents cooler. It’s very different in Australia. New housing estates in the hottest areas around Sydney and Melbourne are dominated by dark rooftops, black roads and minimal tree cover. Dark colours…
Amongst the myriad property statistics available these days is one that sometimes is given too much attention if you ask me. I’m talking about median prices, which on a good day, can show property investors which suburbs they can likely afford to buy into. However, on a bad day, some people think they’ve made big…
