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…
Sydney and Melbourne have been the first capital city housing markets to record negative monthly growth rates this year, joined most recently by Hobart in April, its first fall after 22 consecutive months of growth. But within each of those areas as well as Australia’s other capital cities, micro-market trends are emerging, coinciding with higher…
Housing was a defining issue of this month’s Federal Election and the Labor party’s win brings with it a raft of policy measures designed to address the property market’s biggest issues. The headline ‘Help to Buy’ scheme is likely to be popular with prospective homebuyers, as it provides a more affordable entry point to the…
We know rents are rising across Australia, but the latest inflation data from the Australian Bureau of Statistics gives some interesting insights. Rents in all capital cities rose over the first three months of the year, and this is not really surprising considering the current 16-year low vacancy rates across Australia. However while Sydney and…
