Is fear holding you back? Maybe it’s in your career, your relationships, in your investment journey, or maybe fear is stopping you from achieving your dreams. If this is the case, you’re in good company so I’d like to have a little chat about common fears that hold people back and explore how to overcome…
Despite pandemics, rising interest rates, and challenging supply issues, the Australian property market remains a remarkably resilient, unyielding force, with two out of every five Australians determined to buy a home within the next five years. A recent Westpac Home Ownership Report reveals a surge in home buying intentions – 44% of Australians plan to purchase…
What’s ahead for property in 2024? Well, now that we’ve got a few months of the year under our belt it’s clear that many markets around Australia are likely to experience significant growth over the year driven by a confluence of factors that will underpin strong demand for well-located properties. It is now clear that…
We’re already well into 2024, and the last few months have been a time when little creatures come out of hibernation – they’re called forecasters, and their predictions of what lies ahead of us abound. These relate to all areas particularly property because almost anyone who owns real estate would give their second garage to…
Apartments have underperformed compared to houses for the past 13 to 14 years in Melbourne and Brisbane and the past 6 years in Sydney. Melbourne has been the weakest market. Over the past 13 years since 2011, the median apartment price in Melbourne has only increased by 2.6% p.a. Interestingly, this matches the inflation rate…
Who owns more property – men or women? Well, according to CoreLogic’s 2024 Women & Property report, which surveyed home ownership status and motivations, barriers and attitudes towards dwelling ownership among women and men in Australia 68.2% of women surveyed own at least one property – including owner-occupied and investment properties – slightly higher than…
In the dynamic world of Australian real estate, we’re witnessing a tale of two markets, according to industry veteran John McGrath. According to McGrath, the contrast is stark: thriving luxury suburbs versus a more cautious lower-end market, each responding differently to economic forces. Steady growth at the top McGrath, the Chief Executive of the real…
Property buyers in Victoria are paying 6.1 times more for stamp duty than just one generation ago. In Victoria, wages have increased a bit over five times and the median house price has increased just over 12-fold times in that time. According to new PropTrack e61 Institute research, a full-time worker earning an average of…
The Commonwealth Bank, Australia’s biggest lender, is forecasting six interest rate cuts in 2024 and 2025 starting in September this year. They also expect dwelling prices to rise a further 5% in 2024. The CBA’s head of Australian Economics, Gareth Aird, says the recent rise in unemployment will force the RBA to take action to…
The latest 2024 First-Home Buyer Report from Domain, in collaboration with digital lender Unloan, backed by Commbank, offers a deep dive into the evolving landscape for first-home buyers in Australia. This comprehensive report paints a complex picture, primarily influenced by the current surge in interest rates. Quicker savings for a deposit – but it’s not…
