Australia’s housing recovery has gathered momentum, with combined capital house prices producing the steepest quarter-on-quarter gain since late 2021. House prices have now risen for nine consecutive months, in many locations making up for all their losses during the 2022 downturn, proving that we’re now well and truly into the next phase of the property…
Are you wondering whether you should put your money into investment property or shares? While at Metropole we are property specialists, we also advocate for diversification, so a healthy investment portfolio should contain an element of both. Each has its pros and cons, and most successful investors have multiple income streams and tend to benefit…
I’ve known about the value of professional property management for a long while now. I guess that’s what comes from being in the property industry for over 2 decades. Over my many years in the industry, I’ve come across plenty of good property managers but also some that you should give a wide berth. The…
![Global risk of housing bubbles deflates sharply [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/06/Booms-and-bubbles-270x200.jpg)
The global risk of housing bubbles has decreased sharply in 2023. A report released last week by Swiss bank UBS concludes that out of 25 cities surveyed, only two were at risk of a housing bubble this year, down from nine in both of the two previous reports. The data shows that even places known for…
In September, Australian home prices hit a new all-time high, and some areas saw growth in the double digits this year. According to PropTrack, prices nationally have risen for nine consecutive months, climbing 0.35% in September and 4.31% year to date. But it is capital city home prices that have taken the lead in 2023…
A property transaction is like a big machine, with many moving parts that do different things but should each spin in harmony to get the job done. There’s the real estate agent, responsible for handling the sale of the property. Sometimes there’s a buyer’s agent, who represents the person buying the property. There are lawyers…
Even though interest rates are up, fewer homes are being sold for less than their asking price in 2023, just another indicator of the strength of housing markets. However, when you look at data from PropTrack, you’ll see that the extent of price reductions by sellers (the difference between the asking and sold prices) varies…
Have you been trying to find your dream home? At times it can feel like trying to find a needle in a haystack, can’t it? It’s difficult enough as an investor, but when buying a home there is an additional layer of complexity – emotion! I know that was the case for one of our…
Renters have very few rental options, and buyers are struggling with high prices, which is a problem that has been ongoing for at least thirty years. To fix these issues in a sustainable way, we need to build more homes over the long term. Governments across Australia are starting to realize this need. In August,…
Heritage conservation has been blamed for making the housing crisis worse by standing in the way of new, higher-density housing. But protecting heritage and increasing housing should be complementary objectives. Heritage suffers when not enjoyed by our growing communities. Housing suffers when not shaped by our communal heritage. YIMBYs and NIMBYs are usually on opposing…
