As I looked back over the last year, I’ve noticed an interesting trend… The media and a number of political parties seem to have property investors in their sights, portraying them as greedy and suggesting they are locking first-home buyers out of the market. In the five decades I have been involved in property, the…
I believe most people spend too much of their lives trying to reduce perceived financial risk. The opportunity cost of this approach is very high and puts lifestyle goals at risk. Too much focus on risk reduction Many people buy a home and then focus on repaying debt. They then upgrade their home and once…
Want to know what that magic ingredient is that propels property markets forward? The little secret behind whopping price growth? It’s not the economy, even though that’s important. It’s not supply and demand, even though that plays a role. It’s not infrastructure spending, availability of finance, or population growth either. Although all of these things…
The NAB has amended its forecasts for both house prices and interest rates for 2025. Alan Oster, NAB Group Chief Economist explained the bank made a slight adjustment to their property price forecasts for 2024 (which is obviously almost over). Recent data showed prices were a bit softer than the NAB initially expected. But looking…
New research from CoreLogic Australia unpacks the dynamics of investor buying and selling. The report looks at whether investors are being turned off the property market, whether there are more investors in the market, or whether both can be true. New investor loans are up a strong 18.8% nationally, far outpacing the volume of investment…
Australia’s population growth has long been a defining factor in shaping the nation’s economic, social, and cultural landscapes. Believe it or not, our population is now almost 27.5 million, and we’re fast heading to 30 million people with… One birth every 1 minute and 48 seconds. One death every 2 minutes and 48 seconds. One person arrives to live in Australia every 0…
Over the past month leading up to November 12, 2024, rental prices across Australia’s capital city asking rents displayed varied trends, according to SQM Research’s Weekly Rents Index. In Sydney, combined rents decreased by 0.1% to $836.98, indicating that the rental market remains relatively stable. Melbourne combined rents fell by 0.2% to $627.09, hinting at…
Western Australia (WA) continues to lead growth in owner-occupier loans, while Queensland (QLD) has become the second-largest market for investor loans, surpassing Victoria. Money.com.au’s latest Mortgage Insights report highlighted some interesting trends that reflect shifting buyer preferences, tax advantages, and affordability considerations across different states. National loan growth insights The average new loan size in…
If a picture paints a thousand words, then this collection of charts should do a pretty good job of painting the landscape as it affects our economy and our property markets. Each month the RBA summarises macroeconomic and financial market trends in Australia by providing a detailed chart pack. World Economy Australia’s economy doesn’t operate…
Nationally, the asking prices for houses and units reflect contrasting trends. House prices have risen by 0.9%, while unit prices have slightly declined by 0.5%, resulting in a modest overall increase of 0.7%. Across all capital cities, the average asking price recorded a 0.9% increase, with house prices up by 1.3% and unit prices dramatically…
