With so much noise in the media, it’s easy to miss some of the key developments that could have a significant impact on property owners, investors and aspiring home buyers. Over the past week, three major stories have emerged that deserve attention. More importantly, they provide valuable clues about where the property market may be…
In the world of investing, there’s no shortage of noise. Everyone from the new band of “property experts” on the internet to your neighbours has an opinion on where the market is heading, where the next big opportunity lies or when the market will crash. But if you’re serious about building lasting wealth through property,…
Everyone says they want more affordable housing. Politicians promise it at every election. Media commentators demand it. Young Australians tell pollsters they’re worried they’ll never own a home. Yet if property values in any of our capital cities suddenly fell by 10% or 20%, most Australians would be horrified. That’s because housing affordability has become…
The Albanese Government has struck a deal with the Greens to get its tax reform package through the Senate, and part of the price Australians are paying is the ban on self-managed super funds using limited recourse borrowing arrangements (LRBAs) to buy residential property going forward. If you already have an LRBA in place, you’re…
Every capital city’s auction clearance rate has just dropped to its lowest point of the year, and Brisbane is the real shock, plunging to under 22 per cent this week, down from over 50 per cent just twelve months ago. That’s happening even though the Reserve Bank left the cash rate on hold again at…
There is no doubt that our housing markets are facing challenges from all directions, but clearly, they have remained resilient. To better understand what’s happening, this monthly collection of charts from Cotality paints an interesting picture. Aspiring buyers looking to secure a median house in Brisbane must earn over $17,000 more in annual household income in…
Something unusual is happening in Victoria’s rental market, and it has no historical precedent in over two decades of recorded data. For the first time since the Residential Tenancies Bond Authority began tracking bond lodgements, more rental bonds are being refunded than lodged. Put simply, rental properties are leaving the market faster than they’re entering…
There’s a lot of noise in the property market right now isn’t there? Depending on who you listen to, we’re either heading for a property boom or staring down the barrel of a housing market collapse. Social media is flooded with opinions, economists are debating the impact of government policy, and buyers and investors are…
Playing monopoly was a tradition in our family for a long time. Unfortunately, the game doesn’t come out as often these days – I guess I don’t play board games much anymore. In the good old days, I played Monopoly with my parents when I was young, with my children when they were young, and…
Australia’s population just ticked past 28 million people, and the timing tells you everything you need to know about the forces driving our property market. Back in 2003, the ABS published its official population projections and forecast that Australia would reach 26.4 million people by the year 2051 – assuming net overseas migration of around…
