The latest report from PropTrack revealed that new loan commitments increased by 4.8% in May 2023 to $25 billion. This means that property buyers are becoming increasingly active even after 12 interest rate rises since May 2022. The report also showed that investor lending picked up the most, with a 6.2% increase, while owner-occupier lending…
Investors usually diversify their properties to minimise exposure to risk. But if we know exactly where and what properties to buy in order to secure the most profitable outcomes, we can safely put all our eggs in one basket. Many advisers say that putting all our eggs in one basket is a high-risk strategy. They…
Australia claims the title as the most popular destination in the world for high net worth individuals (HNWI) with more than $1.47 million (US$1 million) to invest. A new report shows 3,800 HNWIs moved to Australia in 2022, representing the biggest influx of any country worldwide. And the figures are set to be higher still…
The pendulum is swinging in favour of tenants! The New South Wales government has appointed its first rental commissioner, Trina Jones, in an effort to “rebalance” the market and protect the rights of renters. Jones, the former chief executive of Homelessness Australia, is said to have a wealth of experience in the housing sector, and…
Even though the property market has cooled from its pandemic-induced peak, Australia’s sky-high inflation, soaring cost of living, near-record-high interest rates and tightening lending requirements mean many would-be first-home buyers are still struggling to get their foot onto the property ladder. And those who are homeowners might be struggling to keep up with hiking repayment costs….
There’s been plenty of attention on the supply and demand deficit contributing to the Australian property market’s resilience. As of May, new listings added to the market were -20% below the previous decade’s monthly average across Australia and the ‘months of supply’ ratio, which measures the amount of time it would take to deplete stock…
It’s halfway through 2023, and with concerns about rising interest rates and talk about a recession, one question many are asking is: What’s ahead for the Australian property market? Interestingly, according to the Domain Forecast Report, Australia’s housing market will be in a well-established, steady recovery over the coming financial year, with select capital cities…
With the end of the financial year coming up soon, I thought I would provide some general tax strategies for property investors to consider: 1. Documentation Keep summaries of all your rental income and expenses. This is much easier if you have your property manager looking after your property where they pay all expenses and collect all…
How often do Aussies move homes? Well, data from the Australian Bureau of Statistics (ABS) show that from 2019 to 2020, 1.14 million households (12% of all households) moved at least once in the previous 12 months. The data also shows that housing mobility is strongly related to the age of the household reference person….
This time last year, CoreLogic’s Million Dollar Market report featured a record number of house and unit markets at the suburb level with a median value of $1 million or more. One year and 12 interest rate rise later, membership to the million-dollar club has become more exclusive, with many of last year’s new entrants…
