Regardless of the economy, the stage of the cycle or market conditions, property is always a hot topic of conversation. And with our housing markets having delivered staggering growth over the last couple of years there is now that talk of us entering the next stage of the property cycle. The spectre of rising inflation…
Australia’s property boom sees 5 Aussie cities placed in the global top 20 for prime property price growth in 2022. International property consultancy Knight Frank’s Prime Global Cities Index Q1 2022, crowned the Gold Coast as Australia’s top-ranking prime property market thanks to robust property price growth. The city ranked in 7th place with a…
Australia’s pandemic property boom looks like it has come to an end, with new figures showing house and unit prices either stagnated or fell for the first time since the June quarter of 2020. And the price shift, amid jitters over rising interest rates, has affected some types of properties more than others. 2-bedroom houses…
Residential real estate, inflation and interest rates just can’t stay out of the news can they? The latest CoreLogic Chart Pack provides a detailed overview of key market metrics, so here’s what happened in May. Market overview The combined value of residential real estate was valued at $9.97 trillion at the end of May, just…
It’s tough out there for tenants. There’s a shortage of rental properties available, both houses and apartments, with intense competition for the limited supply driving up rentals around Australia. And there’s no relief in sight. According to Dr Andrew Wilson’s My Housing Market, the already low vacancy rates continued to fall over May, driving rents…
Imagine if you invested $100 back in 1926 – the following chart from AMP’s Shane Oliver shows what would have happened. It’s obvious that over very long periods the power of compounding works wonders for shares and property compared to bonds and cash. Australian residential property delivered an average total return (capital growth plus net…
While Australia’s property market started strongly in 2022, an increasing cash rate and concerns about inflation saw property price growth drop across capital cities for May for the first time since the Covid-19 pandemic began in early 2022. Nationwide, property prices dropped 0.11% in May to a new median of $691,000, according to the latest…
Higher costs for essentials and higher interest rates will be a ‘double whammy’ for households. As universally expected, the RBA made the decision to raise the cash rate at their June meeting, however, the 50 basis point hike was larger than expected. The latest move takes the overnight cash rate to 0.85%. Interest rates consistently…
If you want to increase the rental yield on your investment property, there are proven strategies to bring in a higher rent without driving tenants away. With the right improvements, landlords can increase the amount they charge for rent, but there is a fine line between improvements that can increase rental income and those which…
More than half of Australian mortgage holders who took out a new home loan with one of the major banks lied about their circumstances to make sure their loan was approved, shocking new research has revealed. The survey, conducted by UBS, revealed that 55% of Aussies who took out a home loan with ANZ in…
