The latest housing finance data from the Australian Bureau of Statistics paints an interesting picture of the Australian property market. There has been a notable 3.9% decline in new housing loan commitments, following a 4.1% decrease in December. Breaking it down, we see a 4.6% reduction in owner-occupier loans and a 2.6% decrease in investor…
Mulch containing asbestos has now been found at 41 locations in New South Wales, including Sydney parks, schools, hospitals, a supermarket and at least one regional site. Tests are underway at other sites. As a precautionary measure, some parks have been cordoned off and some schools have closed temporarily. Fair Day – a large public…
Australians have a national sport that isn’t played on the field: it’s property talk. Whether it’s dissecting the latest market movements or bemoaning the uphill battle to break into the housing market, it’s a hot topic at every backyard BBQ. But as we look ahead to 2024, the fact is that the housing shortage will…
Apartments have underperformed compared to houses for the past 13 to 14 years in Melbourne and Brisbane and the past 6 years in Sydney. Melbourne has been the weakest market. Over the past 13 years since 2011, the median apartment price in Melbourne has only increased by 2.6% p.a. Interestingly, this matches the inflation rate…
Who owns more property – men or women? Well, according to CoreLogic’s 2024 Women & Property report, which surveyed home ownership status and motivations, barriers and attitudes towards dwelling ownership among women and men in Australia 68.2% of women surveyed own at least one property – including owner-occupied and investment properties – slightly higher than…
The two most significant demand dynamics of our housing markets are population growth and purchasing power, but they can work in very different ways, often creating confusion in the process. Most experts link population growth to housing market performance because every new household needs somewhere to live. While this is certainly correct, this demand can…
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The path to making the right decision can start with a laugh. On the first take, comedian Jerry Seinfeld’s style of observational humour might seem to have been played for surface giggles. But digging under some of his most famous lines reaches an almost zen-like understanding of the human condition that can give you insight…
Certain economic indicators are usually telling of where the housing market is going. But through the pandemic and beyond, some data relationships fell apart, with the housing market recovery in 2023 defying high-interest rates and low consumer sentiment. What happened to these historic relationships in data, and will they be salvaged? Interest rates and home…
Sydney’s property market turned a corner in 2023, with prices rising consistently over the past 12 months and close to recovering to their pandemic peak. Sydney’s median house price is the highest across the country, at $1.4 million, while the capital city’s median unit price reached $834,578 in January. That’s the cost of living in…
Warren Buffett reigns supreme as the greatest investor in history, with a personal fortune of around US$132 billion. Many years ago I learned that if you want to succeed in business or investing and get rich, it pays to study Buffett. And the great news is Buffett is happy to share his knowledge. Over the…
