We experienced a wild ride in property in 2021, didn’t we? No one could have predicted the astonishing property price rises we experienced across the country. While our property markets slowed down their extraordinary growth as the year ended, there is still significant momentum left and 2022 promises to be another good year, but the…
There seems to be a disconnect between what is myth and reality when it comes to the number of investment properties that people own. We sometimes hear about “greedy” investors who own dozens of properties when this is not really borne out by the facts. Did you know that about 70 per cent of investors…
Hindsight is a wonderful thing, isn’t it? Let me ask you a question… With the benefit of hindsight and knowing what you know now if you had the opportunity to do so, would you have bought an investment property 40 years ago? I bet your answer would be yes realising that the median property price…
Each year brings its own set of wins, challenges, and lessons to learn and 2021 was certainly no exception. It was an extraordinary year wasn’t it? Looking back to this time last year, we thought we had this Covid “thingy” licked didn’t we, but look what then transpired. Nobody could have foreseen all that’s happened,…
What’s ahead for our property markets in 2022? Clearly, there will be continuing issues with Covid 19 affecting our local economy, and the socio-political problems that plagued the world last year plagued the world last year are unlikely to disappear. Yet most analysts and economists agree that our property markets should continue to perform strongly…
Interested in knowing how others became successful? Then why not ask successful people what they’d wished they’d been told when they were younger. That’s exactly what I did with these seven successful property professionals and here’s what they said. Kate Forbes — National Director Metropole Property Strategists 1. Invest in yourself first Your best investment by…
The extraordinary momentum carried over from 2020, coupled with monetary and fiscal stimulus measures has contributed to an unprecedented year of growth and litany of outstanding results for the Australian residential housing market. The estimated value of Australia’s residential real estate had gone from $7.2 trillion at the end of November 2020, to reach a…
2021 will be remembered as a year when our property market defied the odds and boomed. Domain’s End of Year Wrap shares an overview of the year and Dr Nicola Powell, Chief of Research & Economics for Domain, defines 2021 as the year we re-imagined our homes. She explains: The challenge of grappling with a…
Australian housing values were 1.3% higher in November marking the 14th consecutive month where CoreLogic’s national home value index recorded positive value growth. The November update takes national housing values 22.2% higher over the past 12 months, adding approximately $126,700 to the median value of an Australian home. Although values are continuing to rise, the…
House price growth is said to slow in 2022 and fall in 2023 according to the latest ANZ Bank forecast. ANZ has forecast housing price growth will slow to 6% in 2022 and dip 4% in 2023. The bank suggests rising interest rates, prudential regulation, and sheer unaffordability will depress prices. Despite the RBA continually…
