Have you dreamed of living a house in the suburbs? Well, according to the latest survey from Compare the Market, the majority of people across Australia, Canada and the United States would prefer living in suburbia rather than to live in a city. The survey interestingly revealed that more Australians prefer suburbia compared to the…
The Australian government is aiming to rein in the growth of international students in its new migration policy, released on Monday. This is in response to record levels of international students entering the country once COVID-related border closures were lifted. Current and former international students living in Australia already number 860,000 and are hurtling towards…
Why do some properties significantly outperform others with regard to capital growth? Why are some properties always in strong demand and sell quickly? These are what I’d call “A-grade” properties. But what sets these exceptional properties apart from the rest, and how can investors uncover these hidden gems that consistently outperform market averages? As our…
Location is probably the most important thing to consider when it comes to buying your next investment property. Perhaps you’ve heard me say that the location of your property will do around 80% of the heavy lifting of its capital growth. “Location, location, location” is a well-known expression that highlights the importance of finding the…
Australians who have ever thought of renovating an old property and on-selling it to make a quick profit might soon face a whopping 47% tax. The idea, also known as ‘flipping’ has been made popular by TV reality shows like The Block is a popular but risky strategy with the goal of making improvements to…
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…
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),…
If you’re planning to buy a new home or investment property, you’ll probably want to seek out some advice before taking the leap. From friends and family to real estate agents, mortgage brokers, and even online forums or webinars, there is no end of information available out there – but it’s difficult to know which…
