Have the Perth and Adelaide housing markets peaked? And if so, where will we find the next boom markets? The answer lies in who is doing the buying and selling. Experts commonly refer to a city’s median housing price when describing its performance, but this is misleading. The median price lumps all buyers and sellers,…
Amidst Australia’s historic two-year rate hike cycle, the property market has become a picture of resilience and decline, showcasing stark contrasts across cities, suburbs, and regions. A CoreLogic Australia analysis comparing the property market’s performance two years before and after the rate hike cycle reveals that home values across the nation have risen only 2.8%…
Downsizing to a smaller house can sometimes feel overwhelming, but at some stage in our lives, the pros will begin to outweigh the cons. After all, downsizing your home to a smaller one is a great opportunity to save money and free up both your time and property equity. And it could help unlock some…
The median weekly rent value across all Australian dwellings has hit a fresh record high of $627 per week, and rental costs range from $770 per week in Sydney, to $547 in Hobart . Summary of median weekly rent and value change – data as of April 2024 Region Median weekly rent Monthly change in…
I recently celebrated a another birthday. I won’t tell you how old I am, but nowadays my candles cost more than my birthday cake! As I’ve been investing in property, and some would suggest rather successfully, for over 5 decades, I’d like to share some of the most valuable investment lessons I’ve learned over that…
We currently have a shortage of houses for rent or to buy, and this is causing prices to rise and rents to skyrocket and the housing crisis, the likes of which I’ve never seen in my 50 years of investing. Of course, the main underlying factor leading to this challenge is that we are not…
There’s a noticeable shift in the Australian rental market with high income earners squeezing lower income earners in the rental market, according to a paper by the Australian Housing and Urban Research Institute (AHURI). Higher-income earners, those making $140,000 and above per year in 2021, grew from 8% of the private rental market in 1996…
When you think about the word “free” what does it mean to you? For some people, it means the freedom to do whatever they want — whether that’s financial freedom or having no ties so you can travel the world. For others, “free” means something that costs you no money. But, of course, nothing in…
With Australia’s population moving through the fastest rate of growth since the 1950s, our cities and towns are naturally densifying. At a national level, the population density of 3.5 people per square kilometre (sq. km) is among the lowest in the world, highlighting our highly urbanised population where half the populace lives in the three…
What lies ahead for Australia in the next 10 years? Well, Simon Kuestenmacher highlighted a chart that is pivotal when forecasting the next ten years in Australia in his column in the New Daily. Its simplicity belies its significance in understanding our nation’s future housing demands and consumption shifts. It juxtaposed Australia’s current demographic profile…
