We’re just a few weeks away before the year ends. And boy, what a year it has been for property! In fact, commentaries say that Australia’s property market in 2022 will be defined as the year that transitioned into a downturn from a once-in-a-generation property boom. 2022 Property market highlights Well, following extraordinary price growth…
Australia’s unit market struggled to keep up the pace with the housing market amid the Covid-19 pandemic boom as closed borders halted incoming migrants and local dwellers vacated their city apartments in search of more space in lifestyle suburbs further away from the city centre. But now the pandemic lockdowns have eased and our international…
The supply of new properties coming onto the market has significantly tightened across the country since lending costs have surged, demand has tapered and prices have fallen from their peak. So it’s interesting then, to be able to identify the hotspots in each Australian city where we could see an uptick in the supply of…
The Queensland property market saw one of the strongest price upswings across Australia and some of the highest rent increases through the pandemic. This was because of several factors that were in its favour, including: a highly diverse economy strong internal migration trends and international tourism attractions, including the 2032 Brisbane Olympic Games Well, these…
As expected the Reserve Bank raised the cash rate by another 25 basis points last week – the eighth consecutive hike and a total increase in interest rates of three percentage points. This brings the cash rate to 3.10%, which is its highest level since November 2012. Clearly the board remains committed to overcoming the…
Well, there’s a lot of negative property news that the media is feeding us. Obviously, it created a state of alarm for property investors. However, we should not worry. So, in this blog, I’ll explain why we shouldn’t be alarmed by all the negativities we read or hear about the property market. Housing values Apparently,…
When it comes to setting up and running a self-managed super fund (SMSF) there are many rules and regulations dictating what you can and cannot do. Many people set up an SMSF to have greater control over their investments or their operating costs, but one wrong move could cost you a lot. In fact, it…
The number of suburbs in Australia’s million-dollar club has shrunk considerably in the past six months as the weight of rising inflation, consecutive rate hikes and falling property values takes its toll. Since April, the median value in 169 suburbs around the country has dropped below seven figures while only seven suburbs across capital cities…
The COVID-induced boom for Australia’s regional housing market has burst, with several regional markets that had the strongest value growth through the upswing now among the fastest declining markets. Corelogic’s Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows house values in six of the most popular lifestyle markets recorded falls of…
How have rising inflation and rising interest rates affected you? Have you had to change your lifestyle, have you sold a property, or are you considering selling because of rising interest rates? And have the current economic conditions changed your strategy or approach to property investing? These are some of the questions we recently asked…
