Australia’s housing market upswing has become more widespread, with four in five house and unit markets analysed nationally recording a rise in values over the past three months. CoreLogic’s interactive Mapping the Market tool, updated with data to the end of October 2023, found that 83.1% of house markets and 80.6% of unit markets saw…
Well…It’s happened again. After keeping interest rates the same for four months, the Reserve Bank hiked interest rates last week, ending a four month reprieve for mortgage holders amid renewed fears that inflation is not falling fast enough. This means rates ar at the highest level since November 2011. So what will this mean for…
Our segregated cities keep rich and poor as far apart as possible according to demographer Bernard Salt. Writing in The Australian a number of years ago, Salt examined the richest and the poorest suburbs in Australia and concluded the poor are being flung to the city’s edges and the bigger the city, the farther the…
The COVID-inspired rush to the regions is over, with two-thirds of Australia’s population growth in the next two decades to be concentrated in the big four cities of Sydney, Melbourne, Brisbane and Perth according to new research. Exclusive forecasts by demographers consulting business, Informed Decisions (.id), reveal that the nation’s population is forecast to grow…
When it comes to property investment, success is never a result of luck or chance. While it might seem like successful property investors have some secret formula, the truth is that they often share common characteristics that set them apart. Now over the years, our team Metropole have helped thousands of clients grow significant property…
The latest PropTrack Home Price Index revealed that the 2023 price upturn is firmly entrenched with home prices hitting fresh record highs in many markets in October. Clearly, price growth has accelerated since 2022. According to PropTrack’s data, in the year to October 2022, national home prices had risen just 0.19% after falling 3.68% from…
Overseas migration is frequently being called out as one of the primary factors influencing the housing market. In the face of high-interest rates, low consumer sentiment and stretched housing affordability, values and rents continue to rise and vacancy rates plummet as net overseas migration has hit record highs. National home values have increased 7.2% in…
When it comes to property investment you’ll often hear two conflicting philosophies – invest for capital growth or invest for positive cash flow. We’re now at the beginning of a new property cycle, but it’s likely we’ll be lumbered with relatively high interest rates for a while and it will take another couple of years…
Renters and low-income households are better off today than they were 2 years ago in 2021, even amid high inflation and our worsening rental crisis. The new Reserve Bank governor Michelle Bullock made the claim in her first speech since taking over the job, adding that strong employment and income growth help to shield the…
What does Australia’s surging population mean for our housing markets? It’s old news now…Australia is experiencing a population boom due to increased migration. But this is creating a serious problem…With very few available homes and rising costs, can we accommodate everyone? According to the Australian Bureau of Statistics (ABS), in 2022 the population grew by…
