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…
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…
The latest 2024 First-Home Buyer Report from Domain, in collaboration with digital lender Unloan, backed by Commbank, offers a deep dive into the evolving landscape for first-home buyers in Australia. This comprehensive report paints a complex picture, primarily influenced by the current surge in interest rates. Quicker savings for a deposit – but it’s not…
This year, many unique factors could influence the property market. Exploring how these elements might impact property prices is intriguing. Of course, the longer-term outlook is important for investors, as it better aligns with their investment horizon. Short-term market expectations likely hold more relevance for potential vendors. Markets hate uncertainty The dominant theme influencing investment…
What are the best and worst things about living in Australia? Immigration to Australia commissioned a survey to find out what Australians think are the five best and worst things that immigrants experience in Australia Not surprisingly soaring property prices and rent were a significant concern, with over 80% of Australians citing this as a…
Many successful individuals seek to mimic or model themselves after other successful people they admire. Typically, these are individuals within the same industry. This copycat strategy helps you in numerous ways: Avoid Mistakes – Because you are walking in the footsteps of other successful individuals within your industry, you are able to avoid making the…
Just over one-third (35%) of Australia’s regional coastal markets recorded housing values at record highs at the end of last year despite multiple rates rises, cost of living pressures, and market uncertainty, CoreLogic figures reveal. A thorough examination of Australia’s regional coastal suburbs to the end of 2023, unveiled a diverse spectrum of property performances,…
In recent years, we’ve witnessed a dramatic rollercoaster in Australian home prices. Despite the unexpected recovery last year following the downturn induced by interest rate hikes in 2022, the journey has been anything but predictable. According to the latest PropTrack Home Price Index, we saw a marginal increase of 0.02% in home values this January,…
