At the beginning of this year data released by CoreLogic showed that dwelling values across Australia rose by 67.5% over the past ten years to December 2023. And despite forecasts to the contrary, last year’s dwelling values rose by 8.1%, on average, across the nation. Some urban areas did better than others. Dwelling prices and…
What’s really happening with mortgage stress? Remember all those predictions of a mortgage cliff and lots of distressed selling? There is no doubt that rising interest rates and inflation have created a substantial squeeze on households with mortgages, nudging many to recalibrate their budgets. Yet despite rising interest rates over the last couple of years,…
CoreLogic’s national median rent value ticked up to $601 per week last month, equating to the median annual rent of $31,252 a year. CoreLogic median rent is based on a current estimate of rent income, describing what the median dwelling in Australia would rent for if you put it on the market at any given…
Buy, renovate and hold is one of my favourite property investment strategies. I enjoy taking a dwelling that’s been a bit neglected and breathing new life into it, making it into a home my tenants will love and want to care for more importantly, it’s a great way of manufacturing equity for my property investment…
Property investors are getting ready to take advantage of our housing markets in 2024. The value of total new investor loan commitments rose 1.9 per cent in November and was 18.0 per cent higher compared to a year ago. The value of new owner-occupier loan commitments for dwellings rose 10.1 per cent through the year…
Australia’s population grew by 2.4 per cent in the year to 30 June 2023, according to the figures released by the Australian Bureau of Statistics (ABS) at the end of last year. On 30 June 2023, our population was 26.6 million people, an increase of 624,100 people over the year. Putting that in perspective it’s…
It seems we have become a nation of “experts.” Just check your inbox or turn on the television and there they are. Experts on politics who have never run a business, let alone a country. Experts on football, even though they couldn’t run from one side of the field to the other. Experts on celebrities…
We’re at the beginning of a new year, a time when many people start thinking about how to make this a great year. Every year, millions of people make New Year’s resolutions, hoping to spark positive change. The recurring themes each year include a more active approach to health and fitness, improved finances, and learning…
What was different about our housing markets in 2023? As we close out 2023, the Australian property market looks significantly different from 2022 – we’ve defied all the naysayers and property pessimists and experienced eleven consecutive months of national price increases. Clearly, this strong price growth is the biggest difference to the markets of 2022…
Happy New Year – 2024 promises to be a fantastic year. 2023 delivered more than the usual number of challenges but looking back over the year I am happy, and grateful and have developed the “useful belief” that 2023 was one of the best years of my life. Finding a “useful belief” is a concept…
