Nationally, the asking prices for houses and units show mixed trends. House prices declined by 0.2%, while unit prices increased by 0.4%, resulting in an overall drop of 0.1%. Across all capital cities, the average asking price experienced a decrease of 0.8%, with house prices dropping by 0.9% and unit prices declining by 0.7%. In…
It was only a couple of months ago that most economists were certain the Reserve Bank would cut interest rates by February 2025 at the latest; now most are suggesting the first rate cut won’t come until May and possibly later. Last week, the latest monthly CPI indicator was released, showing headline inflation has remained…
CoreLogic’s national Home Value Index (HVI) rose by just 0.1% in the last month of spring, the weakest Australia-wide result since January 2023. This marks the 22nd straight month of growth in this cycle. The mid-sized capitals, Perth Adelaide and Brisbane, which have dominated the growth cycle of late are losing steam and the downturn…
While property investing may be simple, it’s not easy and that’s not a play on words, because many investors end up paying a huge “learning fee” or “Stupid Tax” as I like to call it. A fee that they didn’t expect to pay. That’s because choosing the right investment property comes down to much more…
Following the exhilarating thrill of the property boom we experienced in 2020-21, a new breed of self-proclaimed property investment “experts” has emerged. These individuals, having reaped substantial rewards from the boom, are now gloating about their seemingly impeccable judgment and expertise, offering to sell you the secret to their success. But beware – all that…
Australia’s housing shortage is the elephant in the room no one can ignore. With sky-high rents, a squeeze on supply, and frustrated tenants battling for every available property, the housing crisis is a cocktail of systemic issues that’s been brewing for years. Amid this turmoil, the federal government has floated the idea of capping international…
Australia’s regional housing markets are once again outperforming their capital city counterparts, with Queensland and Western Australia leading the way in value growth, rents and rental yields. The latest CoreLogic Regional Market Update found dwelling values in regional areas rose 1.1% over the three months to October, exceeding the 0.8% growth recorded in capital cities….
A new analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis. Of those units identified, almost 500,000 (16%) are situated on ‘low complexity’ sites without any material slope, heritage rules or the…
There’s an old saying: “If the only tool you have is a hammer, every problem looks like a nail.” When it comes to Australia’s housing shortage, many policymakers seem to be wielding that hammer, believing that the solution is as simple as building more apartments. But let me tell you, it’s not that straightforward. Sure,…
It’s no secret that Australia is struggling to meet the housing demand, but there’s a bigger underlying issue that many aren’t talking about: the extended time it takes to build a new home or apartment. It’s a slow-moving crisis, and data from the Master Builders Association highlights just how far behind we are in our…
