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…
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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…
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…
In an eye-opening analysis, Sydney’s inner west, eastern suburbs, and northern beaches emerge as the most challenging markets for homebuyers in Australia. Astonishingly, a mere 0.3% of the total homes in these areas are available for purchase. This insight comes from Louis Christopher, the managing director of SQM Research, who noted a staggering 30% drop…
In 2023, the Australian property market witnessed a distinctive shift, as homeowners and investors navigated the changing financial landscape. According to PEXA’s latest Mortgage Insights Report, the total amount borrowed for property purchases across Australia was $300.9 billion, marking a 12.7% decrease from the previous year. This trend reflects the dual impact of rising interest…
Property investment is one of the best wealth-creation strategies out there. In part, because it has a long history of solid performance, so is therefore relatively low risk. It’s important to understand, however, that it is not completely without risk. That’s because every investment opportunity has an element of risk. The trick is to manage…
What are the main drivers of our investment markets? And, in particular, how do psychological peculiarities affect investors’ behaviour, way of thinking, and, eventually, their success? These and other questions were raised and answered by Dr Shane Oliver, Head of Investment Strategy and Economics and Chief Economist at AMP in his an Insight he wrote…
In the dynamic world of Australian real estate, we’re witnessing a tale of two markets, according to industry veteran John McGrath. According to McGrath, the contrast is stark: thriving luxury suburbs versus a more cautious lower-end market, each responding differently to economic forces. Steady growth at the top McGrath, the Chief Executive of the real…
