Westpac have revised their outlook for the outlook for dwelling values for the balance of this property cycle. Back in February Westpac was one of the first of the banks to do an about face an at that time boldly predicted a 20% increase in values over 2021 and 2022. Since then all the other…
Investing in property isn’t as straightforward as you might think, and if you don’t do it right, it could end up costing you a fortune. I always say: “Don’t let your emotions get in the way of your property investment decisions.” In fact, of all the common mistakes property investors make, this is where most…
National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. This is the highest annual rate of growth seen across the Australian residential property market…
Australia’s surging property market continues to push prices higher and higher, with the number of homes across the country valued over $1 million skyrocketing in the past 12 months. And thanks to a new COVID-19-led lifestyle shift, the seven-figure price tags are no longer reserved only for the affluent, inner-city suburbs with some lesser-known areas…
New housing loan approvals rose strongly in March, up 5.5% over the last month with around 55% of the increase driven by investors. Contributing to the monthly increase was lending to investors, which saw a 12.7% increase from the month prior. This was the 10th consecutive month that the value of new investor lending commitments…
Housing markets are positively fizzing right now. Demand’s riding high, buyers battling it out over a shrinking pool of properties and driving some eye-catching price rises. The March quarter saw a 5.6% jump across the major capital cities, the March month alone posting the biggest gain in 32 years. Sydney dwelling prices rose a staggering…
The rich can’t keep getting richer forever – can they? Well…Australia has long been thought of as the land of the middle class but new research comparing the upper, middle, and lower rungs of the nation’s wealth and income show that’s not really the case. The richest tenth of households owns almost half Australia’s private…
A surge of Australians looking to buy a property has seen prices soar in some Sydney, Melbourne and Brisbane suburbs over the past two years. Property prices have hit record highs this year and, despite the effects of Covid19 recent Domain Research shows median prices rose annually 6.7% across Sydney houses, 3.9% in Melbourne houses…
Now that the conversation has moved away from COVID-19, it seems everybody I bump into has an opinion on our property markets. They’re reading all the news and while some believe our property markets are going to perform strongly there are still many who believe we’re in a bubble or a Ponzi scheme that’s about…
