We haven’t fallen of the “fixed rate cliff “and we’re not getting a load of forced or distressed property sales. The resilience of household borrowers in the face of surging interest rates has surprised Reserve Bank researchers. In fact most Australian households have successfully manage increased mortgage repayments, according to the recently published Financial Stability…
Short-term resales have emerged as a major housing market trend in 2023. New CoreLogic analysis shows that in winter, 16% of listings added to the market for sale had been owned for less than three years. This marks a series high going back to 2008, where the 15-year average proportion is less than half that…
The housing crisis is firmly on the Australian policy agenda. Governments see a rapid increase in supply as the main solution. The importance of supply is not disputed. But more housing alone isn’t enough: new housing must be provided in ways that do not widen the gap between the “haves and the have-nots”. Our recent…
There’s no getting away from the fact that selling your property is a big deal. Even in today’s improving property markets, there are no certainties and lots of hard decisions to be made, underscored by the pressure of knowing that certain decisions could mean thousands of dollars less in your pocket. But how do you…
There is an old army expression that cautions us to “Hurry up and Wait”, meaning be prepared to leap into action at the drop of a hat, whilst exercising patience just sitting around and waiting for that moment to come. Only to do the same thing all over again as the cycle of waiting, then…
One of the most interesting things I do is meet many investors every week (i.e., prospective clients). It is something that I have been doing regularly for almost 20 years, so I’ve literally spoken to thousands of investors. It is interesting because it provides me with the opportunity to reflect on people’s past investment decisions…
The family-friendly apartment is an idea whose time has come. In the Liverpool CBD in Sydney, for example, half the apartments are occupied by families with children, our newly published study found. This is twice the average for metropolitan Sydney. The high proportion of families living in apartments in town centres like Liverpool is often…
Believe it or not – nine out of ten landlords have been doing their tax returns wrong! Rental income was being left out of returns and mistakes were being made with property deductions, including over claiming expenses or claiming for improvements to private properties, a review by the Australian Taxation Office (ATO) found. This has…
Despite worsening affordability easing the pace of rental growth in Australia, rental availability tightened in September, with vacancy rates falling to new record lows across the country. CoreLogic’s Quarterly Rental Review for Q3 2023 shows rental values rose 1.6% over the quarter, down from the 2.2% rise seen in the June quarter and a full…
Investors who rent their property out on short-stay accommodation platforms such as Airbnb and Stayz in Victoria or Queensland will soon face a tax surcharge. A 7.5% levy, imposed by the Victoria state government supposedly in an effort to help tackle the state’s rental shortage, will apply to revenue made on the platforms from January…
