In 2021 Australian house prices rose at their fastest rate in more than 17 years. As the world navigates its way out of the COVID-19 and we embrace the silver linings that have risen from the pandemic, the value of the Australian property market continues to shine. But what lies ahead? What changes to the…
There’s a lot of talk about interest rates in the media recently isn’t there? On the one hand, the Reserve Bank is saying rates are not going up any time soon. And on the other hand, rising property prices and decreasing housing affordability are causing many commentators to suggest interest rates are going to rise…
At its core, real estate is about demand and supply. Whilst housing prices are influenced by many variables – including interest rates; the availability of finance (liquidity); consumer confidence; employment; wages; economic growth; government policy etc. – what matters the most is simply the interplay between supply and demand. When demand exceeds supply, then values often rise. When supply…
The freshly listed housing stock is starting to lift as the spring selling season begins to heat up. Every Australian capital city has seen a lift in the number of new real estate listings over recent weeks, with some of the largest listing increases recorded in those capitals navigating lockdown. Despite this, the new listings…
The records continue to tumble when it comes to the impact of the pandemic on Australia’s population. The imposition of international border restrictions from March 2020 saw Australia’s population grow by 35,700 people – the slowest pace since at least June 1981 when ABS records began. Net overseas migration was 95,300 over the year to…
CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period. Nationally, the number of dwellings sold over the past year was 31% above the…
Recently the National Skills Commission published a really interesting data set talking about the five-year jobs forecast, this is a very big undertaking. And it helps us understand the future of our economy. So, what does a job forecast actually tell us? It tells us that over the next five years we will be adding…
When it comes to property it’s all about location, location, location. So where are Australia’s safest suburbs located? Budget Direct has recently released its inaugural Safe Suburbs Map for 2021. This covers how safe each suburb is from property crime, covering postcodes within Queensland, New South Wales, Victoria, and South Australia. Budget Direct’s Jonathan Kerr…
I noticed an interesting trend developing over the few months before the current Covid Cocoon locked down our property markets. In those booming days, there were more buyers purchasing their property before auction than ever before. Driven by FOMO (fear of missing out) and record-high property prices across the country, the number of pre-auction sales…
Approximately half of Australia’s population is currently in lockdown, and this may continue for another few months until vaccine target levels are reached. I wanted to discuss what impact this may have on the property market and the broader economy. Of course, there are wide-ranging impacts The impact of Covid lockdowns can be wide-ranging. Dealing…
