I am showing my age but when I read about rapidly rising house prices, I think here we go again, more BS about a housing bubble. In recent months house price rises have paralleled those that occurred in the late 1980s – the monthly rise of 2.8% in March was the strongest jump in house…
One of the most prominent trends in Australian housing markets over the past 12 months has been the deterioration of rents in inner city apartment markets across Sydney and Melbourne. At the greater capital city level, rent values have fallen -4.9% across Sydney units since March last year, while Melbourne unit rents have fallen -8.2%….
Aspiring homeowners now need a six-figure deposit to purchase a property, according to staggering new research. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, 11% now require more than a decade to scrape a deposit together. This comes as ABS data from January 2021 shows that the average deposit…
If you are serious about growing a very significant property portfolio and establishing a real “property investment business” – I’ve got some great tips for you today. And if you’re not sure what I mean when I say “treat your property investing like a business” or how you do that or even why it’s important,…
The internet and newspapers are awash with stories of properties selling for amounts wildly above reserve. Such news can create FOMO and fuel buyer demand. But buyer overexuberance is rarely sustained for long periods of time. My feeling is that price growth will level out this year and I set out the reasons why below….
Our property markets have been surging this year with double-digit growth in sight for all our capital cities. And now that more Australians feel secure about our economy in general, and their jobs in particular, this will only place more impetus under our markets. I recently heard someone suggest our housing markets are on a…
Do you understand what your strategic advantage is as a property investor? More importantly, do you know how to use it to your advantage? By understanding more about your strategic advantage, it could dramatically change the way you plan to invest. Not only that, but it could also significantly fast track and enhance your results!…
Skyrocketing property prices and surging demand in the luxury property markets are expected to push many Australian suburbs into the multi-million dollar zone in 2021. In fact, according to the latest REA Insights report, the number of suburbs in Australia with a median property price over $3 million, doubled in 2020, and we should expect…
There are many explanations for the current housing market boom, such as lower interest rates, relaxed borrowing rules, buyer grants, building incentives, stamp duty waivers and tax cuts. But while these have all contributed in some way to the rise in buyer demand, they don’t explain the dramatic increase in the number of potential buyers,…
COVID-19 is changing the way Australians live, work and play. Because of the imposed restrictions and global mandate to work from home, Australians have spent more time in their homes in 2020 than ever before. According to our third phase of research exploring the impacts of COVID-19, the time spent at home is not likely to…
