Australia’s rental market experienced a reacceleration of rental growth over the first quarter of 2024, leading to record-high asking rents, Domain’s latest Rent Report March Quarter 2024 reveals. According to Domain, while Australia’s perilous rental market appears entrenched in a never-ending run of rent rises, a tipping point is still likely to be reached in…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. National home values rose 1.6% in the March quarter, the largest quarterly increase since the three months to November (1.9%). The shortage of dwelling both for sale and for rent, at a…
Australia’s housing upswing continued through March with the national Home Value Index rising 0.6%, taking the current upswing in housing values through its 14th straight month of growth. Beneath this headline result, our housing markets have been fragmented with diverse performance around the country. While every capital city except Darwin (-0.2%) recorded a rise in…
How do I invest? What approaches do I use and which strategies do I use? Those questions were recently put to me by a journalist wanting to write a feature article. He also asked what’s been the “secret” to my success in building a very substantial property portfolio and having succeeded through multiple property cycles….
There are 2,640 billionaires globally, with a total net worth of $12.2 trillion, according to the 37th annual Forbes list published in 2023. And Australia is home to 139 of them. The thing is, each of these billionaires – whether they rocketed to success due to property, the stock market, business or even mining -…
National home prices hit a new record high in March, lifting 0.34%, according to the latest PropTrack Home Price Index report. That brings prices up 1.57% so far this year to sit 6.79% above March 2023 levels. Ms Eleanor Creagh, Senior Economist at PropTrack commented: “The home price upswing persisted in March, and prices reached…
National housing markets have consolidated the growth recorded over the previous month with a generalised surge in home prices reported over the March quarter, well ahead of the February quarter results. According to the latest data from My Housing Market, the national capital city median house price increased sharply by 2.7% to $1,125,923 in the…
We’re living in interesting times, aren’t we? A time of social and political unrest but also a year into a new property cycle – a time when lifetime wealth will be created by some people, but unfortunately not by most. So as we head into the second quarter of 2024 I’d like to share a…
The 2022-23 population update figures (Estimated Resident Population) have just been released by the ABS. This happens around the end of March every year but is particularly eagerly awaited this year, as we already knew from the state and national ERP released just before Christmas, that in the year to June, Australia piled on an…
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…
