A new analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis. Of those units identified, almost 500,000 (16%) are situated on ‘low complexity’ sites without any material slope, heritage rules or the…
It’s no secret that Australia is struggling to meet the housing demand, but there’s a bigger underlying issue that many aren’t talking about: the extended time it takes to build a new home or apartment. It’s a slow-moving crisis, and data from the Master Builders Association highlights just how far behind we are in our…
Want to know what that magic ingredient is that propels property markets forward? The little secret behind whopping price growth? It’s not the economy, even though that’s important. It’s not supply and demand, even though that plays a role. It’s not infrastructure spending, availability of finance, or population growth either. Although all of these things…
The NAB has amended its forecasts for both house prices and interest rates for 2025. Alan Oster, NAB Group Chief Economist explained the bank made a slight adjustment to their property price forecasts for 2024 (which is obviously almost over). Recent data showed prices were a bit softer than the NAB initially expected. But looking…
Western Australia (WA) continues to lead growth in owner-occupier loans, while Queensland (QLD) has become the second-largest market for investor loans, surpassing Victoria. Money.com.au’s latest Mortgage Insights report highlighted some interesting trends that reflect shifting buyer preferences, tax advantages, and affordability considerations across different states. National loan growth insights The average new loan size in…
We are currently witnessing what could be described as the greatest wealth transfer in modern history. As the baby boomer generation begins to age, a massive amount of wealth is being transferred to the subsequent generations. Over the next decade, this generation, who rode a wave of economic prosperity for decades, is forecast to pass…
Cheaper homes don’t make for more homes. The contradiction at the heart of our housing challenge right now is that more supply is needed to help housing values come down. In reality, though, the residential construction sector is still struggling to deliver housing with a reasonable profit margin. For private sector developers and builders, arguably…
This question is one of the most common questions I come across from beginner property investors. You see, in markets like we see today, investors, buyers, and even renters are waiting to find out whether they should take the plunge now or wait for prices to come down… or even crash entirely is some property…
No one really wants to pay extra for a property purchase, do they? But there are situations where paying a premium makes good financial and investment sense. While you should never buy driven by your emotions, high-quality investment-grade property in an A-grade location, which you know will provide solid returns and robust capital growth, sometimes…
What we saw during the Covid period was not only a decline in population growth in Australia, but we also saw a drop in the interest from people living overseas buying new property and existing homes in Australia. Ten years ago, some 17% of new homes sold to overseas buyers. This attention dropped to around…
