CoreLogic’s national Home Value Index (HVI) rose 0.6% in November, the smallest monthly gain since the growth cycle commenced in February. Despite the slowdown, the national HVI reached a new record high in November. After falling -7.5% from a peak in April 2022 to a trough in January 2023, housing values have bounced 8.3% higher…
Australia’s property market has moved to the recovery stage of the cycle, with prices in many locations having made up all the losses of 2022. And while Sydney’s high-priced market and bumper prices tend to dominate the discussion, there is one other capital city that has proven to be unstoppable. Famous for its climate, lifestyle…
The recent decision by the RBA to raise interest rates may have surprised some people. While some argue that rates have already increased significantly and coupled with rising living costs, this could eventually control inflation, it is important to recognise the persistent threat that high inflation poses to an economy. Furthermore, central banks aim to…
Here are some interesting Australian property facts you should know. They’ll come in useful when the property pessimists, who are out once again now that our property markets have made up all the ground they lost in 2022, get into your ear: 1. There are 11.1 million dwellings in Australia. The combined value of residential real…
If you want to become a successful property investor you really need to understand the five levels of investing which is a model I’ve created to explain the progression most investors take in their path to developing financial freedom. Just to make things clear…this has nothing to do with your level of income. I’ve seen…
The Australian property market is indeed showing signs of recovery. According to Domain’s House Price Report for the September Quarter, Australia’s property market is on track to fully recover by the end of this year. Only about $2,000 separates house prices from reaching a new record and $5,000 for units across the combined capitals. Housing…
A lot has happened in Australia’s property market over the past 12 months. After the once-in-a-generation boom in 2020- 21, affordability issues caused by rising interest rates and tightened lending criteria put pressure on prices during 2022. But commencing February 2023 our housing markets moved to the next phase in the property cycle – the…
What’s ahead for the Australian property market for the balance of 2023 and into 2024? Over the last year we experienced twelve interest rate rises, stubbornly high inflation, wage decisions that risked a wage-price spiral and new economic data suggesting Australia’s economic growth has all but come to a standstill. You can understand why some…
Following the exhilarating thrill of the property boom we experienced in 2020-21, a new breed of self-proclaimed property investment “experts” has emerged. These individuals, having reaped substantial rewards from the boom, are now gloating about their seemingly impeccable judgment and expertise, offering to sell you the secret to their success. But beware – all that…
If you’re a property investor, watch out – the taxman is after you. You and all other property investors. This means Australian property investors should be on high alert as the Australian Taxation Office (ATO) implements innovative strategies and forms new alliances to recuperate an estimated $9 billion revenue deficit. They will use advanced technologies…
