The nation’s property market has fully recovered from the 2022 downturn, with combined capital house and unit prices ending 2023 at a new record according to Domain’s latest House Price Report December Quarter. This is the first time they have surpassed the previous records that were set in March 2022 for houses and December 2021…
2023 has been a year of paradoxes in the Australian property market. Defying predictions and economic indicators, house prices not only resisted the expected downturn but escalated to new heights. This phenomenon left many market observers puzzled, sparking a crucial question: How did property prices manage to climb amidst a backdrop of rising interest rates…
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…
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…
Not that long ago, Australia was in the midst of the fastest drop in housing values on record, as rapidly increasing interest rates caused capital city values to plunge more than 9% in the space of about 10 months. That’s all changed since hitting a low in February, with three consecutive months of positive growth…
Australian capital city dwelling prices will commence a recovery in 2023 as a result of a pause in the rise of interest rates we can expect to occur by no later than June 2023. The cash rate is tipped to rise to no higher than 4.00% and from that point, stay on hold for the…
House prices are still falling, but the rate of decline is slowing. National dwelling values fell -1.0% in November, the smallest monthly decline since June. CoreLogic’s national Home Value Index (HVI) moved through a seventh month of decline in November, down -1.0% over the month to be -7.0%, or approximately -$53,400, below the peak value…
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…
