Despite pandemics, rising interest rates, and challenging supply issues, the Australian property market remains a remarkably resilient, unyielding force, with two out of every five Australians determined to buy a home within the next five years. A recent Westpac Home Ownership Report reveals a surge in home buying intentions – 44% of Australians plan to purchase…
As investors, we gain invaluable insights by experiencing various markets and events, and by reflecting on our actions—those we took and those we didn’t. I firmly believe that experience is the key factor in preventing costly investment mistakes. Hence, I dedicate time each year to ponder the lessons provided by the market in the preceding year. These…
What’s ahead for property in 2024? Well, now that we’ve got a few months of the year under our belt it’s clear that many markets around Australia are likely to experience significant growth over the year driven by a confluence of factors that will underpin strong demand for well-located properties. It is now clear that…
What’s ahead for our mortgage rates? We all want them to come down, but when will that happen? In a recent article on news.com.au commentator Tarric Brooker concludes that the timing of rate cuts remains uncertain and the date could easily change. So let’s see what can we expect to happen to interest rates now…
The location of your “great Australian dream” can dramatically alter your wealth-building activities and as such, you must take this into account when developing your investment strategy. Homes are typically not purchased with the sole or dominant reason of building wealth as there are many non-financial, lifestyle factors that influence where we live. However, that…
2023 was really a year of confusing economic signals, mixed real estate messages and bewildered investors. And 2024 is turning out to be much the same. In other words: the perfect environment for strategic long-term real estate investors. And just like those who took advantage of the property markets 12 months ago found their properties…
Sydney’s housing market has shown robust growth since the early 1980s, with the median house price doubling approximately every decade during this period. In fact, several suburbs have delivered above-average growth. Melbourne has experienced comparable growth rates over the last 40 years. However, in contrast to Sydney, property in Melbourne tends to be more affordable,…
Investing in property comes with its own set of challenges. So let’s look at four challenges faced by investors and how you can overcome them: 1. Spruikers Currently, there are more property investment advisers and buyer’s agents out there willing to “help” you than ever before. There are bad apples in every bunch and the…
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…
