We’re well into the holiday season and it’s a time when people reflect on the year gone by and how they can make next year the best year of their lives. If you want to make the coming year the best year of your life, I believe you need to build the foundations of success…
After experiencing the sharpest downturn in Australia’s housing market history, new research by JP Morgan suggests that the situation could soon turn around. The research shows that house prices, which fell by 9.1% since their peak in May 2022, are expected to stabilize sooner than many are predicting. At the beginning of this month: Dr….
Australia’s COVID-induced whirlwind love affair with the country’s hottest regional cities has run its course with values declining sharply as vendor discounts climb and days on market blow out. CoreLogic’s Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows 13 areas recorded an increase in house values over the year to January…
Australia is known for its vast land and open spaces, but in recent years, the size of blocks of land available for residential development has been shrinking. This trend is particularly evident in urban areas, where the demand for housing is high and the land is scarce. The shrinking size of blocks has significant implications…
The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting, continuing what is now the fastest and largest rate hiking cycle on record. The cash rate has jumped 325 basis points since moving off record lows in May last year. Today’s rise in the cash rate was…
The Australian labour market still heavily favours jobseekers, with the latest ABS job vacancy data for November revealing more than a quarter of Australian businesses have jobs they cannot fill. Job vacancies fell 4.9% quarter on quarter in the three months to November, according to the latest release from the ABS. Despite that fall, the number…
The CoreLogic Daily Home Value Index (HVI) hit a record decline of -8.40% on 7 January 2023 after peaking on 7 May 2022. The result takes the national housing downturn into new territory, breaking the previous record in peak-to-trough declines, when home values fell -8.38% between October 2017 and June 2019. While the housing downturn…
Property investment is certainly not rocket science and while you don’t have to be a genius to succeed in real estate, it never hurts to learn from great minds when trying to achieve great things. So let’s look at some quotes that have been attributed to Albert Einstein and see how we can turn these…
Few sectors of the economy are as sensitive to interest rates as the housing market. During 2022, eight successive rate rises aimed at offsetting high inflation sent tremors across the market causing buyers and sellers to sit on the sidelines paralysed by a lack of confidence. However or markets did not crash like some of…
An investment property’s total investment return will consist of rental income plus capital growth. I have written about the importance of maximising capital growth many times. However, often investors are tempted to focus attention on income (when selecting an investment property) too, as they seek to minimise the cash flow cost of holding the investment property. I…
