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…
The Australian property market has seen its fair share of ups and downs over the past few years, and 2023 is shaping up to be no different. As we head into this new year, there are a few key themes that are expected to dominate the market. These themes will have an impact on the…
CoreLogic data indicates that property prices in the 5 largest capital cities have fallen by 7.1% since May when the RBA started hiking interest rates. Sydney has seen the largest price fall – down by around 10%, and Melbourne has fallen by 6.7%. But it’s not all bad news. House prices in Brisbane, Adelaide, and…
After years of social isolation, enforced work-from-home, a return to a slower pace of life, and great reprioritisation, 2022 brought a welcome change of life beyond lockdown. Hybrid work became the norm in a year characterised by staff shortages and The Great Resignation In 2022 people returned to the workplace – and in many cases,…
As you are aware, the RBA has aggressively hiked rates by 3% p.a. over the past 8 months, so variable home loan rates are now more than 5% p.a. (and investment loans approaching 6% p.a.). Fixed-rate borrowers have avoided these higher interest rates. However, a lot of fixed rates will begin expiring next year. As…
![[Podcast] 5 big property trends to watch for in 2023, with Dr. Nicola Powell](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/12/MY-podcast-432-5-property-market-trends-with-Dr.Nicola-Powell-06-270x200.jpg)
As I look back at 2022, the year seems to have gone quickly for me, even though I know for a lot of people, it has been a slow and difficult year. For those in property, it was a roller coaster year where we came to expect the unexpected. We went from this time last…
