Sure, there’s been a lot of talk about the challenges being experienced by First Home Buyers (FHBs) but the latest Mortgage Insights Report by Money.com.au reveals groundbreaking trends in the September 2024 quarter, highlighting their growing influence and adaptability. From Victoria’s record-breaking loan growth to the surge of “rentvesting,” FHBs are proving they’re anything but…
CoreLogic reported that the total value of Australian property stands at an impressive $11 trillion, surpassing the combined worth of all listed companies on the Australian Stock Exchange by more than five times. Despite this staggering figure, financial advisors have typically concentrated their efforts on shares, bonds and superannuation, often treating property as an afterthought….
In the current economic climate, these rate cuts should go a long way in boosting consumer confidence, signalling an end to the recent battle Based on previous periods of rate reductions, CoreLogic estimates that national dwelling values would increase an average of 6.1% for each 1 percentage point decline in the cash rate- but Australia…
Have you ever wondered what Australia will look like in a decade? You might be surprised by what’s coming. This year, the United Nations projected that the world’s population would peak in 2084 at 10.3 billion people before falling due to the global decline in fertility. However, the recently released 2024 Australian Population Statement shows…
Are you wondering what lies ahead for Australia’s housing market? After an eventful 2024 where dwelling prices rose by an average of 7% nationally, it’s time to unpack what’s driving the market and what investors and homeowners can expect this year. Here’s what the latest data and analysis from the Bank of Queensland Housing Market…
With more suburbs reaching the million-dollar mark, many potential homebuyers are left wondering just how much they need to earn to join the million-dollar homeowners club. You may be surprised to learn that the salary required to buy a $1 million property isn’t as high as you might think. What does it take to buy…
New dwelling approvals – whilst up 6% on last year – remain lacklustre. Some 168,000 new dwellings were approved over the past twelve months, most of which (110,000 or 65% were detached houses) and 58,000 were attached dwellings. Nearly half (47%) of the new attached dwelling approvals were townhouses, followed by high-rise apartments, mid-rise stock…
Think you know Australia? Think again! Beyond the stunning coastlines and bustling city life lies a land brimming with intriguing economic quirks, surprising demographic trends, and a property market that can turn heads around the globe. So, for Australia Day, let’s look at 12 fun facts that reveal the hidden dimensions of Australia’s wealth, housing,…
As Australia grapples with a housing crisis, an interesting trend has emerged: Australians are increasingly shunning apartments, particularly those in high-density developments. In an article on news.com.au, Tarric Brooker explains that many Aussies are turning away from apartment living even though it’s a much more affordable option. The growing aversion to high-density apartment living In…
What’s next for Australia’s housing market? As we step into 2025, many Australians are asking how the property market will evolve amidst shifting economic tides. With interest rates, population growth, and housing supply under the spotlight, understanding the key forces at play is essential for homeowners, investors, and policymakers alike. Cameron Kusher, Director of Economic…
