Virtually all of our major property markets experienced dramatic price rises during 2021, but the rate of growth is now starting to vary across our capital cities. Some housing markets are going into decline, while the rate of growth in others is accelerating. John Lindeman explains why this happens. The recent price growth slowdown in…
The property market’s fastest upswing on record, accompanied by a rapid increase in housing credit and highly elevated sales volumes has significantly supported Australia’s post-pandemic economic recovery. National dwelling values rose 22.2%, comprised of a 25.2% lift across regional Australia and a 21.3% rise in combined capital city dwelling values in the 12 months to…
For my final blog for 2021, I thought it would be interesting to look back to see how various investment asset classes performed. This is important for two reasons. Firstly, it is wise to benchmark your investment returns so that you can assess relative performance. Secondly, it serves as a salient reminder about the cost…
The recent mass interstate exodus by Victorians is continuing, with annual totals now at the highest levels since the recession of the early 1990s. By contrast, interstate migration into Queensland continues to rise, with that state remaining clearly the most popular destination for relocating Australians The ABS reports that Victorian net interstate migration fell by…
Interest rate bingo entails making a successful guess about when we’ll see our first interest rate rise in Australia since 2010, and for most of the year, it’s been even money that the increase will come in early 2024. Ever since November 2020, when the Reserve Bank of Australia (RBA) cash rate landed with a…
A new study indicates property investors have ‘doubled the distance’ between where they live and where they invest in response to the pandemic. The analysis also revealed which state most buyers are investing in. Our latest Property vs. Postal survey showed remote and borderless investing had been supercharged by COVID19. We analysed the details of…
There is much speculation growing about the effects of interest rate changes on our property market, but is there reason to panic? A headline doing the rounds over the weekend suggesting that the average household in the raft of suburbs will be pushed into mortgage stress if interest rates climb just 1%. Then there are…
In the first month after the end of the NSW and Victoria lockdowns, Australia’s unemployment rate remains unchanged at 9.2% in November according to figures released by Roy Morgan. The latest Roy Morgan employment series data shows 1.33 million Australians were unemployed in November, up 10,000 in October (9.2% of the workforce), and 1.21 million…
Australian property values are seeing a slowdown in the monthly rate of growth. This trend is expected to carry into 2022, as affordability constraints rise, mortgage rates bottom out, and a higher number of new listings takes some pressure off market conditions. Since the monthly rate of growth in Australian dwellings peaked in March 2021…
Australia’s economy is rebounding from the recent Delta lockdowns with a robust recovery in labour demand as evidenced by a significant increase in ads for employment. Job advertisements as tracked by ANZ rose by 7.4% in November to a 13 year high of 222,093 available positions. Ads are up 52% on a year ago and…
