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…
As Australia continues to grapple with the challenges of skyrocketing residential rents, the question of whether rent controls could be a viable solution has arisen. Some proponents of rent controls point to the United States as an example, where cities like New York and San Francisco have implemented such measures. However, when we examine the…
Proportionately, Australia’s residential property market is worth around three times more to the Australian economy than to the US and UK economies. For most Australians their home will be the most important asset they own, and the single most desirable asset amongst those who are yet to step on the property ladder. However, the property…
Strong tenant demand for capital city unit rentals and a shortage of available listings has drastically closed the gap between median house and unit rents, with the gap dropping from $64/week to $39/week in the space of a year. CoreLogic’s monthly Australian Unit Market Update shows growth across capital city unit rents continues to outpace…
Most people struggle with working out how to invest their money. Do they upgrade their home, contribute more into super, buy an investment property, invest in the share market, or something else? In fact, this common challenge was the reason that I decided to write my book, Investopoly. I knew that if people understood the…
Demand for dwellings has seen an impressive lift in the past two months. Evidence of this can be seen through increases in the CoreLogic Home Value Index, higher auction clearance rates, and a rise in the number and value of housing finance commitments reported by the ABS. What will the impact of rising demand have…
Australia’s property downturn continues to take its toll on premium regional markets that benefited most from the mass exodus away from capital cities during the height of the pandemic, with softer values, longer days on the market and bigger vendor discounts. CoreLogic’s quarterly Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows…
