The latest Proptrack Home Price Index showed home values have remained resilient to higher interest rates this year, and this continued in November with prices continuing to lift and hitting fresh record highs in many markets, although the pace of growth has slowed due to the increase in properties coming to market. Further, it showed…
It’s time that we all stopped talking about mortgage stress. It’s been a hot topic over the last year and a half, following a spate of interest rate hikes by the Reserve Bank propelling mortgage rates to heights unseen since late 2011. There’s no denying that some first-time homeowners who capitalized on record-low interest rates…
National house prices have continued to record strong results over November although growth rates in most capitals have eased marginally compared to the previous month’s robust results. The national capital city median house price again increased sharply by 0.7% over the November quarter compared to the October quarter – rising to $1,085,389, according to the…
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In this week’s Property Insider chat with Dr Andrew Wilson, I explore a topic that’s on the mind of every property investor, homeowner, and economic enthusiast: the role of the Reserve Bank of Australia in our dynamic property market. In recent times, we’ve seen the RBA take bold steps, but are these moves truly hitting…
Australia is on the cusp of a significant demographic shift. Baby Boomers – born 1946-1965 – who have previously been our largest generation and a driving force in shaping Australia’s economy and society, are reaching retirement age. The latest ABS figures show that 670,000 people intend to retire in the next 5 years, with 220,000…
Australians make up 47 of the world’s richest people, according to Forbes’ latest list of 2558 billionaires. Who is the richest person in Australia? Mining magnate Gina Rinehart has once again achieved the title of Australia’s richest person, with a net wealth of $26.5 billion so see her sits in 57th place on the world’s…
Here are two numbers worth remembering: 4 and 13 4 Since 1980 the time between house price growth peaks is four (4) years and not the often quipped seven (7) years. And it would appear that the time between peaks is getting shorter. This makes sense given the way we receive information these days and…
A new report forecasts that overall capital city asking rents will rise by between 7% to 10% next year. According to Louis Christopher’s Boom and Bust report Perth is expected to record the largest increase in market rents of 12% to 15%. While Canberra is forecasted to record the largest declines of -6% to -2%. According…
Australian dwelling values have regained the losses from the recent downturn and surpassed their previous peak to reach a new record high, CoreLogic’s national daily Home Value Index shows. After reaching a peak in April 2022, national home values fell -7.5%, finding a floor on 29 January 2023. Since bottoming out, the national HVI has…
After recording stronger growth and milder declines through the recent cycles, a new analysis of Australia’s regional housing markets shows many areas have lagged their capital city counterparts over the past year. CoreLogic’s refreshed Quarterly Regional Market Update, which now analyses value and rent changes across the country’s largest 50 non-capital Significant Urban Areas (SUAs),…
